Many business owners do not need to run their business through a limited company and choose to operate as a sole trader or partnership.Contact
Trading in this way does mean that you cut down on paperwork and administration; however, you do risk losing your personal assets if the business goes wrong.
We help many sole traders and partnerships with their tax compliance including PAYE, VAT and CIS as well as preparing your annual accounts and self-assessment tax return.
If you are considering starting a business as a sole trader or partnership or are current running your business in this way, then contact us for a FREE Consultation.
We will run through the pros and cons of operating as a sole trader or partnership. We will also explain the risks and rewards associated with this sort of business and explain your taxation and record keeping responsibilities.
Many sole trader or partnership businesses come to us for our specialist QuickBooks Online setup and training advice. We are proud to say that we have 5 of the top 10 QuickBooks advisers in the Country based on client rating so if you are looking to future proof your business systems then we are here to help.
If you are considering or operating as a limited liability partnership (llp) and you want advice on setup or operating in this way, then we are happy to help.
A llp retains the tax status associated with an unincorporated partnership business, but has the advantage of limited liability in certain circumstances.