Whether the trade is carried on through a Limited Company, Limited Liability Partnership, Partnership or sole trader; we are also able to advise on whether that entity is still appropriate.
Limited Companies are taxed under the rules relating to Corporation Tax, whilst sole traders, partnerships (including Limited Liability Partnerships) and individuals are taxed under Income Tax.
Our tax team have considerable experience in dealing with all aspects of Corporation Tax and understand the interaction with other taxes, such as Capital Gains Tax and Inheritance Tax, whether this be tax planning for the large complex group to profit extraction and the passing on of the business.
We are well versed in dealing with both un-incorporated businesses and Limited Liability Partnerships and looking at the tax planning opportunities that these may offer, from incorporation to the introduction of partners.
Contact us to arrange your free consultation.