I’m so grateful for you and the content you create for us Nischa. You’re not a gatekeeper and help to educate us on matters we don’t quite understand. Thank you and hope all is well

Hi Nischa, I can vouch for everything in this video; very well presented. I started as a sole trader 16 years ago and formed my LTD company 12 years ago. Never needed to borrow money to grow, but being LTD company has definitely opened up opportunities with bigger corporate clients. Thanks for continuing to share good independent information.👏

@nischa

4 ай бұрын

Congrats on the growth!

@TheKlink

4 ай бұрын

Hi Nischa, given that debanking has become more of an issue in the media, could you do an video on dealing with this? This is an issue that effects people on benefits all the way up to peers in the House of Lords; I rent a space out for a mental health charity with local government ties and contracts in good standing, and we've had the problem too. A section on market research would be of particular benefit to people, I think, because different branding doesn't mean they're not part of the same banking group. @@nischa

@TheDavidt23

3 ай бұрын

Is this your Ai Avatar? If it is congrats on the automation

@FaithfulToTruth

3 ай бұрын

Hi Nischa, what ethnicity are you?

@VincentRE79

2 ай бұрын

@@nischa Nischa you forgot to mention the increased accountancy charges that come with going limited.

Thanks for sharing this in such clear and concise ways that we can all understand, it's been super helpful!

The public record thing is what’s keeping me from registering as a ltd company. My father was an accountant for 45 years, and he said he had quite a few people having had their identities stolen through their details being on Companies House and part of public record.

@93ryan93oo

3 ай бұрын

Look up virtual addresses and service addresses

Thank you so much for making these things that seem complicated easier to understand.

Perfect starter video 🙏🏾

Hi Nischa, commenting to show appreciation. Thank you, keep up the good work!

You're always pop up in the right time Nischa :) Meet you soon for the podcast!! :)

AMAZING VIDEO AS ALWAYS.....THANKS VERY MUCH 💯

Great info and very well presented - I subscribed Nischa :)

Thank you very much, I was a sole trader for years, until I got ill. I never had this subject explained to me in a manner I could easily understand fully. Amazing 👏

Thank you for the insights, Nischa! Very helpful. If I may add that another key difference is insolvency/bankruptcy proceedings. In the case of a sole trader, several jurisdictions provide for the liquidation of personal assets, which is an aspect to consider before assuming big risks!

Thank you Nischa - amazing video as always.

Super Helpful Luv For Sharing This Info Gangy

Thanks I’m actually going to be starting my own company and was thinking about this.

Wow, you are almost at 1M with less than 100 videos 😊 you are so intellectual and eloquent, I have learned so much from watching your videos. Thank you😊

Awesome info great explanation there, it's not in super-super detail but it's breaked down pretty much very nicely which helps in better navigation; although consulting a professional advisior is always better to make more proper decisions!

Thanks for the video. Any external resource on how to access limited companies’ results?

Love your contents! Can you do a video detailing how one can setup a cooperate?

Very helpful. Thanks

What about employees and partnerships? How would that work? How can you pay employees if a sole trader or Ltd company? What is a partnership (it seems some businesses such as eBay don't seem to know what a partnership is).

Great video. I am thinking of going down the partnership route. Would LLP be similar benefits to LTD?

Thank you for helpful video can you or anyone suggest income amount as sole trader whereby it’s best to then switch to ltd company in uk?

Great video. I could have used simple advice like your videos in my past when setting up as a sole-trader (I paid for advice - which was fine, but every bit of information helps). I am interested to invest in this Pilates Ltd, sounds promising 😄

The paused picture at 3:46 is on point 😂

Hi Nischa! I enjoy your videos. Can you please make videos about stock exchange, investing in company shares etc..making money from money..where do we start? What do we need? Thank you!

Thank you for sharing helpful content. Did this mean that a kimited company makes more sense around the 50k mark?

ok so that's what you have to do as a limited company, I am always being told to register my businesses with company house

I’ve decided to follow

Hey Nischa, in regards to owning a portfolio of property is it better to have that property in a ltd company or just own them yourself as an individual?

Id love to see you on the Diary of a CEO podcast

Would you mind doing a video on LLC and LLP too?

Which Mic are you using to record audio?

5:05 Why is your company paying Corp. Tax on revenue before it's paying you as an employee a monthly wage? Surely wages would count as a business expense and expenses are paid before tax? Company pays you a wage before it pays tax > you the individual is then taxed on that income > business pays Corp. Tax after expenses > dividends are paid out of profits > you pay dividend tax depending on your tax bracket.

@nischa

4 ай бұрын

Yep, that's right - you're paying corporation tax on profit and not revenue. Income tax is only on your salary/what you draw out (or dividend tax depending on the structure), you don't pay the corporation tax on that. The example assumes you've kept it all in your company

A third option will be to move into a more friendly tax country. If I will generate 1 mill+ in profits/year have no sense whatsoever to pay 400k or more in taxes when just by moving to a sunny place with a 10 to 20% tax for the same amount of money, will save you a lot on the long run.

Good video, however you’ve missed one very important point. If you were to extract the profits from the LTD ie pay yourself a salary etc you end up paying double taxation. 25% corporation tax, followed by either tax on dividends or income tax. Therefore you end up paying significantly more especially if you’re a Higher Rate Tax Payer.

@ccefc85c18

3 ай бұрын

You've ignored National Insurance considerations

Also what do you think of quick books

so which one are you using? sole trader or ltd company? I'm considering this too. 🤔

If im starting a business with another person but we arent taking profits and just reinvesting all profits back into the business, what would be the best option for the type of business we register as? Thank you!!

She must be talking about UK law. Because in the US each state is different. In Florida we have C and S Corporations and LLC's. Delaware is the easiest for out of state companies to in incorporate.

@chameleonedm

Ай бұрын

Yes, of course she is lol

Thought you stopped releasing on Sundays 😢 My Monday morning just got even better 😊

@nischa

4 ай бұрын

:))

If the person is interested in taking all/most of the money out from the Limited Company, then they would pay corporate tax + income tax, isn’t it worse than just paying income tax as a sole trader when the amount of money is £200K+ per year

@IncomeBoost42

4 ай бұрын

You can take money out of your company as a salary or dividends. Salary is taxed differently from dividends. If you take it out as salary it is an expense to the company and reduces corporation tax. But at the same time you’d pay higher income tax rates. If you take it out as dividends, this would be out of profits, after corporation tax has been paid. However the dividend tax rates are lower. A common strategy is to withdraw part salary and part dividend to minimise tax.

@ratsliveonnoevilstar1

3 ай бұрын

@@IncomeBoost42dividends are taxed massively now also

Thanks my tamil friend

Pilates limited is my next business idea 😎

@ndikakazero2950

4 ай бұрын

🤣🤣🤣

And now I know.

There you are 😊❤

@nischa

4 ай бұрын

Bit late, but I'm here!

@user-gx8bc6ry3y

3 ай бұрын

@@nischa where?

@user-gx8bc6ry3y

3 ай бұрын

where?

Hey Nischa, thanks for the video but surely that tax implications section here is a little overly simplistic and assumes that the example case doesn't need to spend any money personally beyond their £12,750 personal allowance? If the person needs to pay for things (mortgage/childcare etc.) or wants to put money into personal savings surely the tax calculation completely changes?

@chameleonedm

Ай бұрын

No, it doesn't at all This is simply describing what happens with any and all money, it has nothing to do with what that money needs to do You pay for things after taxation, not before

8:58

What's are your charges babe

you look so beautiful..

Mam do you earn 150k pound sterlings a year in UK? Plz reply. Thanks a lot.

UNITED KINGDOM🇬🇧🇬🇧🇬🇧

I only watch this because she’s so damn pretty 🤩

Fraud Fraud Fraud. Nischa and RarityAce is a fraud! Give me my money back!

SOLE TRADER is gambling. SOLE TRADER is not a investor.

Thank you Nischa. Very useful stuff! I'm starting out as a sole trader / freelance designer. I've not claimed any expenses yet. I'd love to know how much I get back on expenses I claim for. For example I could do with a new computer so am considering how much it will cost minus my claim. Thanks!

I am Alvaro from Oakville, ON. I like Singapore Lego. Lettuce be friends. Would Nischa type Jedi to H. Jesus? It is my youtube account.