It’s one of the most common questions asked by freelancers or contractors, should I setup as a sole trader or setup a Ltd company?

As discussed in the podcast ‘5 things you always wanted to ask an Accountant - part I’ the following simple online calculator tells you in seconds, precisely!Simply enter your anticipated earnings if you are just about to jump into freelancing or you are already a soletrader and have a pretty good idea anyway. If you don’t have any idea, just try a figure you think you can achieve and enter it in:Crunch calculatorFormulated using a complex spreadsheet from SRC Accounting, this will show a direct comparison between the tax incurred if you are a Ltd Company to that if you are a Soletrader. Assuming it is past the ‘break points’ it will show a saving if you operate a Ltd company.All in all, this simple calculator should prove to be exceptionally useful to all who use it on freelanceadvisor.