Should I Run My Private Practice for a Limited Company?

Nick Nesbitt: If you need the income that you're earning through private practice, then the answer is most likely. From a tax perspective, it'll probably end up broadly here or there but why bother with the additional hassle of a company if what's coming into it goes out of it each year? That's not an absolute, but it's probably a good general rule. The final decision doesn't come down to the tax rates on one side of the coin versus the tax rate on the other. It actually comes down to the person's appetite for that type of planning or their appetite for a simple life.