▌ Tax Planning - Sole Traders, Partnerships and LLP's
Effective management by an individual of their tax affairs can directly influence the success of a business. A wide range of personal allowances, reliefs and exemptions are available and should be utilised efficiently wherever possible.
Some of the areas where we can help are:
* Furnished holiday property in the UK and abroad
* Rental of property (including residential and commercial)
* Taper relief, achieving the 10% rate for business assets
* VAT
* Capital gains tax mitigation.
* Setting up in business. Payroll, VAT, most appropriate business vehicle
* Choosing the most appropriate year end for tax purposes
* Obtaining benefit for losses
* Tax planning involving family members
* Working abroad and leaving the UK
* Structuring employee remuneration packages
* Advising partnerships, including doctors and other professionals
* UK and overseas entertainers and sportsmen
* Charities, clubs and associations