Hi Silvia, we have this article on tax which might be useful to you: http://staging.the-portfolio-collective.com/insights/how-to-keep-on-top-of-taxes-as-portfolio-professional/ Ben Legg, Paul Sheppard, Elena Cobianu, Deepshikha Yadav, Ciaran Walsh, Pete Domican, Jenny Collins, Alex Pitt, Nicholas.Barber, Patrick Montague, Julia Poncar, Drummond Gilbert, Zarir 'Zed' Vakil might also be able to offer some advice!

IR35 doesn’t apply to sole traders, as I understand it, but my best advice is to find a friendly accountant who can advise on your particular circumstances.

Hi Silvia Janska. Everyone’s circumstances are different, but – so far – I have never seen a situation for a portfolio professional that was more tax efficient to be an employee, other than in the early days of having a lightweight side hustle (generating little income so – in effect – being tax free) alongside your day job.

If things are picking up I would also suggest considering setting up a limited consulting company – you seem to be able to legally expense more things against a company than as a sole trader, reducing your taxes further, plus you get some liability benefits.

Silvia Janska I always find this an interesting one because for me it is broader than just the tax it is also the liability issues and the benefits that accrue in both cases.

My portfolio is a mix of employed, contracting through an umbrella company and contracting through a personal service company. This combination allows me to be compliant where I am an officer of the company ( for tax an employee), gain benefits such as furlough where needed and limit my legal exposure without the need for high PI cover where needed. Happy to have a chat if you want to DM.