Structuring your affairs in the most tax efficient manner

Structuring your affairs in the most tax efficient manner

Whether you are currently a sole trader or are considering your options for starting a business, we can help. We have years of experience we can share with you. Whatever you situation we can help you to structure your affairs to be as tax efficient as possible.

Making money!

We will ensure that the profit and loss account declared in your annual personal tax return is accurate. A significant element is to ensure all relevant expenses, within the parameters of established tax legislation and guidance provided by HM Revenue & Customs (HMRC), are claimed.

Years of experience have taught us how to position your affairs. As a result you will pay as little tax as possible, whilst ensuring a fully defensible position in the unlikely event of an HMRC Enquiry. We can advise you on expense management. In particular which expenses to include and others which you may use for personal and business use.

As a sole trader, certainty on your future tax payments is important and at Haggards Crowther we know that; we will calculate your payments on account, so you have visibility of your future tax payments as early as possible.

If you don’t want to manage your day to day accounting affairs, we can also support you with services including bookkeeping, VAT and payroll.

Strategic advice for sole traders

We can advise you on the many aspects of operating as a Sole Trader including any future sale or disposal including a valuation of the business and the options that are available to minimise payments of tax that result.

Accounting for Actors and clients in the entertainment industry

If you’re self-employed and work in the entertainment industry we understand that your tax requirements may differ slightly to others. If you are an actor then you require an accounting service tailored for your profession from a company that has experience of working with clients in the entertainment industry.

At Haggards Crowther we have experience of working with all kinds of clients including actors, stage schools and writers, so we’re able to provide you with the best advice, whether you are just starting out or if you are already well established.

We can assist you with completing your accounts and with all stages of self- assessment including;

  • Advising on tax repayments
  • Calculating future tax liabilities
  • Collating all required information
  • Assisting you with completion of your tax return
  • Submission of your tax return on your behalf

Expenses, expenses, expenses!

Whatever industry you work in, there is one key thing to remember if you are a sole trader, and that is to always keep hold of your expense receipts.  As a sole trader, you can normally claim for a multitude of expenses including clothing, travel, acting lessons and food and drink. 

Contact us to find out how we can help you manage your Sole Trader status, support your other business needs and to manage your ongoing tax liabilities by calling 020 7384 0920.

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