Business Tax Accountants for the Self-Employed
Self-employed taxpayers are liable to income tax and national insurance contributions (NIC) on their business profits. A sole trader is also liable for the debts of his business to the full extent of his personal assets.
Our experienced tax team can ease the burden of tax compliance, allowing you to concentrate on running your business by dealing with the following:
- Advice on starting up in business including choice of accounting date.
- Tax & NIC self-employed registration.
- Advice on allowable business expenditure.
- Calculation of taxable trading profits.
- Confirmation of the income tax and NIC due on trade profits.
- Advice on VAT registration.
We also provide guidance on the optimum use of all available allowances and reliefs by advising on:
- Capital allowances on assets acquired for use in the business.
- Relief for trading losses.
- Relief for overlap profits in the final year of trading.
- Pension planning.
- Farm averaging.
- The advantages and disadvantages of an unincorporated structure versus incorporation.
More Information
If you would like to know more, contact:
Sheena Anderson This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Derek Mitchell This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Or call 01224 625111