We can guide LLPs, partnerships and sole traders through the issues which are unique to how your business is structured, helping you with both compliance and tax.
What we offer
We can assist LLPs and partnerships with compliance issues, along with the more complex matters that concern the firm and the relating tax burden for the partners. We also help sole traders with filing and tax advice.
LLPs and partnerships
We understand the specific issues LLPs and partnerships face relating to tax. We have considerable experience in advising solicitors, chartered surveyors and pension advisers on all aspects of business but specifically on the more unique areas of:
- Profit share agreements
- Ownership of partnership assets
- Rules relating to incoming and outgoing partners
Sole traders
We will prepare the accounts and tax return for your business and advise on how to report losses. As with all tax situations beyond compliance, tax matters can be more challenging, for example: buying and selling a business, rollover relief and managing risk. These are all areas in which we can help you.
