How many of you IT contractors and micro businesses that have a close company know about trivial benefits. If your accountant has not told you about it, call them and find out how you can get benefits worth £300 for you and each family member related to your limited company. That's a very good news for lot of IT contractors for sure.

All new IT-Contractors often face the dilemma when starting their contracting career about whether they should be trading as a limited company or a sole trader. Lets take a quick comparison on the tax savings in each of the case with a sole IT-contractor director limited company and a sole trading company.