SOLE TRADERS AND PARTNERSHIPS
Let us take the pressure off so you can focus on your business
We take great care to ensure that the profit and loss account declared in your annual personal tax return is accurate. A significant element is to ensure all relevant expenses, within the parameters of established tax legislation and guidance provided by HM Revenue & Customs (HMRC), are claimed.
Years of experience have taught us how to position your affairs so you pay as little tax as possible, whilst ensuring you always have a fully defensible position in the unlikely event of an HMRC inquiry. We can advise you on which expenses to include and the best course of action on expenses like your car and home, which you may use for personal and business use.
As a sole trader, certainty on your future tax payments is important and at Haggards Crowther we know that; we will calculate your payments on account, so you have visibility of your future tax payments as early as possible.
You could also use our other business support services including bookkeeping, VAT and payroll services to keep all your finances managed and fully in check.
We are available to advise you on the many aspects of operating as a Sole Trader. Some of our clients who are sole traders are considering selling their trade to a limited company which is set up for the purpose. In the current tax environment, there are savings to be made and we can help you to assess whether the savings associated with this action are sufficient compensation for the associated increased administrative responsibilities.
We have experience of all aspects of this and can advise on the sale, including a valuation of business and the options that are available to minimise payments of tax that result.
If you're self-employed and work in the entertainment industry we understand that your tax requirements may differ slightly to others, please see our accounting for actors page for more information on our specialist services.
Contact us to find out how we can help you manage your Sole Trader status, support your other business needs and to manage your ongoing tax liabilities by calling 020 7384 0920.
Are you an actor? If so, then you require an accounting service tailored for your profession from a company that has experience of working with clients in the entertainment industry.
At Haggards Crowther we have experience of working with all kinds of clients including actors, stage schools and writers, so we're able to provide to you best advice, whether you are just starting out or if you are already well established.
We can assist you with completing your accounts and with all stages of self- assessment including;
Advising on tax repayments
Calculating future tax liabilities
Collating all required information
Assisting you with completion of your tax return
Submission of your tax return on your behalf
Remember - you must always keep your receipts as you can claim for a multitude of expenses including clothing, travel, acting lessons and food and drink. But we can talk more about that when you come to see us!
Find out how we can help you with your accounts.