Specialist accountants for Builders & Tradesmen
As a self-employed builder or tradesman the following questions are just some of the questions your accountant should discuss with you:
- Are you claiming all the expenses you are entitled to?
- Is it best to claim fixed rate deductions, actual expenses, or a hybrid of the two?
- Is there any scope for using family members to reduce tax?
- Should you trade as a limited company?
- How do you maximise tax relief on losses, particularly in the early years?
- Is it advantageous for you to use cash accounting or accrual accounting?
- What is the best way of claiming for vehicle costs?
- Could VAT registration be beneficial? Is it mandatory?
- Are you ready for making Tax Digital (MTD)?
If you want answers to these and other questions please call me to arrange a free, no obligation meeting.
