Trading Income Tax

If you’re set up as a sole trader or in a business partnership you could be taxed 40% on your profits. Completing a tax return can be a stressful exercise even if there are few entries to make. However, if the correct structures are set up then a bespoke tax solution can be put in place to reduce your Trading Income Taxes.

At ProAccounts UK our practical and cost effective solutions are aimed to tackle the complexity of Trading Income Taxes.

We use HM Revenue and Customs approved software to:

  •    complete your tax return
  •    calculate your final tax liability
  •    file the return on line
  •    liaise with you on the amounts that needs be paid and when they are due

We can take away the worry, which will allow you to concentrate on running your business. We offer competitive pricing on tax returns and are very flexible.

Please contact us to find more about our bespoke tax solutions

Corporation Tax

If you’re a limited company, the first thing you must do is register your company with HM Revenue and Customs (Setting up LTD Company) and let them know that you are liable for Corporation Tax. This rule also applies to foreign companies trading in the UK. Subsequently, if your company is liable for Corporation Tax, its taxable profits will have to be calculated over the course of the financial year and a tax bill will have to be settled.

Corporation Tax rates HMRC tax rates

At ProAccounts UK, our accountants can calculate your taxable profits, as well as guide you through your corporation tax return and make the process of filing your Corporation Tax as stress free for you as possible. Thus, let us take away the hassle and stress which is Corporation Tax.

Inheritance tax and Estate

Inheritance tax and Estate

Correct Inheritance tax planning could save your family a substantial amount of money. At ProAccounts, our accounts can assist you in drafting a tax efficient will and a Legacy gift to ensure your estate is protected and distributed as wish upon your death.

(When you die, the Government assesses how much your estate is worth, then deducts your debts from this to give the value of your estate. Your assets include:

  • Monies
  • Investments
  • Any owned  properties or businesses
  • Vehicles
  • Life insurance policies

Please contact us to find more about our leading-edge tax solutions.