Narrative
Sooner or later every growing self-employed musician faces the question: 'Have you thought about incorporating?'
The typical client has been a from the start, self-employed, filing a Self Assessment every January, paying Income Tax and National Insurance on whatever came in. It works. But as income grows, the alternative comes onto the table: set up a limited company, pay a small salary, take the rest as dividends.
The adviser's job is knowing when that switch genuinely pays, and when it does not. This episode sets out the test.