Businesses
Sole Trades and Partnerships
If you're a sole trader, you run your own business as an individual and are self-employed. You keep all your business's profits after you've paid tax on them. You're personally responsible for any losses your business makes.
In a partnership, you and your partner (or partners) personally share responsibility for your business.
This includes:
- any losses your business makes
- bills for things you buy for your business, like stock or equipment
Partners share the business’s profits, and each partner pays tax on their share.
A partner does not have to be an actual person. For example, a limited company counts as a ‘legal person’ and can also be a partner.
PCT Tax is positioned to provide comprehensive services to both sole traders and partnerships. From setting-up to selling and everything in between. We can provide tax compliance services such as tax return preparation and Value Added Tax (VAT) returns. We can also provide tax advice i.e. tax efficient profit extraction.
Limited Company Taxes
Maximising tax efficiency and simplicity is no easy task, but PCT Tax's corporate tax team can help you develop the right approach for your business – whatever its size, sector or stage of growth.
Your corporate tax needs could range from routine annual compliance to specialist advice to support your business plans, strategies and transactions. That’s why we tailor our service according to your requirements, sector and business circumstances.
We cover all matters related to the compliance, transaction support and planning issues in your sector.
This includes:
- Corporate Tax Returns and compliance
- Capital Allowances
- International Corporate Tax Advice
- Property Tax
- Annual Tax On Enveloped Dwellings (ATED)
- Research and Development (R&D) Tax Relief
- Tax Efficient Business Structuring
- Tax Efficient Profit Extraction
- Transfer Pricing
- Business Disposals
For a confidential, no obligation discussion, contact us using the form below or by sending a message to contact@pcttax.com