Tax Consultancy Services for
Sole Traders & Partnerships

If you want to reduce the impact of taxes, review your strategies and ensure you remain compliant you will require expert guidance. From tax and strategy reports to capital gains tax planning, we can assist in meeting your financial targets.

  • Auto Enrolment

    Auto enrolment has already had a major impact on employers all over the UK. Most UK employers will be obliged to put in place a qualifying workplace pension scheme and automatically enrol their qualifying workers. Employers then have to make contributions to their workers' pensions every pay period. It has never been a more important time to ensure that you are aware of your legal obligations as an employer to avoid penalties. We can carry out all the auto enrolment procedures and processes on your behalf, saving you the hassle and keeping you on the right side of the law.

  • Business Plans & Projections

    Whatever the size of your business, we can cater for all of your planning and projection needs. Whether you are a start-up looking to take your idea to market or you are looking to progress your business to the next level, we provide comprehensive advice that is both realistic and tailored to your long-term objectives. With our dedication to fully understanding your business before we set to work, we will guide you in building and developing bespoke business plans.

  • Capital Allowances Review

    Your business could be missing out on significant savings through capital allowance entitlements. Whether you’re planning to invest in machinery, motor vehicles, computers or other large assets, there’s a good chance you may be able to claim on them. Our team can conduct a review of asset expenditure and advise on the best course of action to boost your cash flow potential.

  • Capital Gains Tax Planning

    When deciding whether to sell an asset it’s important that you incur as few tax liabilities as possible. If you’re sitting on the fence about whether to proceed with a sale, we can advise you on the best possible course of action, ensuring there are no surprise tax bills.

  • CIS Scheme For Contractor

    If you are engaging subcontractors, you’ll understand the monthly obligation of CIS returns with HMRC. Through processing and submitting these returns on your behalf, we can take the burden off of your busy schedule and allow you more time to manage other aspects of your business.

  • CIS Scheme For Subcontractor

    As a subcontractor it’s important that your tax is assessed and deducted accordingly, and that you’re only being charged the amount that you owe. We can take the entire tax return submission process off your hands and ensure that all tax previously deducted is taken into consideration.

  • EU VAT Returns

    At PGM we can help you recoup the EU VAT that you are entitled to. At present, you may have to pay VAT on goods and services bought for your business in another European Union country. But if you’re registered for VAT in the UK you can use the VAT refund scheme to reclaim the VAT paid in the EU country you’re claiming from. We’re able to carry out this task on your behalf, saving you time and ensuring you receive the refunds you’re entitled to.

  • Employee Benefits

    Rewarding your staff reaps great benefits for both you and your employees alike. By ensuring this is carried out through the most tax efficient method, we can help you take steps that will enable you to reward staff without incurring excessive costs.

  • Incorporation Advice

    By considering the incorporation of your company, you could benefit significantly from liability protection and tax deductions. We can advise on the pros and cons of setting up a limited company and assess whether being a sole trader or in a partnership is the best setup for you.

  • Inheritance Tax Review

    If you’re worried about the burden of tax on your family when you pass away, we will help you to review your financial position and explore options that will help restrict the impact inheritance tax has on your estate and its beneficiaries.

  • Married Couples/partners Review

    Couples whose annual incomes differ could benefit substantially from a straightforward tax review. We provide a couple’s ‘health check’ that evaluates your tax position and propose methods for which your tax amounts could be reduced.

  • PAYE Health Check

    HMRC PAYE inspections can be a worry, but with our PAYE & NIC health check we can ease your concerns with a review of your existing setup. We’ll ensure everything is in order with our assessment of Payroll, Benefits & Expenses, Forms P11D and NIC.

  • Renumeration Strategies

    Without a thorough review of your strategy, you may be liable to unexpected tax. With the rules surrounding dividend income and interest constantly changing, having PGM on board could help ensure you are always receiving money from your company as tax efficiently as possible – and if you’re not, suggest ways on how to improve it.

  • Residency Review

    Whether you have recently arrived in the UK, or are thinking of leaving, there are a number of tax rules in place that may affect you depending on your circumstances. If you are a UK resident currently domiciled outside the UK, you may be unaware of the rules that have recently come into play. Through a review of your circumstances we will assess the impact that these issues could have on you and your family.

  • Second Property

    If you’re thinking of buying, selling or renting a second property you need to make sure you are properly informed of the associated tax implications. With a number of changes in recent years, we can ensure you are aware of your financial liabilities to avoid any nasty surprises.

  • Succession Planning

    If you’re stepping down from the family business, passing on the responsibility to the next generation can sometimes create sizeable tax implications. We are on hand to consult with you on making the transition as tax efficient and smooth as possible.

  • VAT Health Check

    Our VAT health check can give you complete peace of mind by ensuring your company complies with HMRC VAT guidelines. Through comprehensive assessments we can also determine which VAT scheme is most suitable for your business, making sure you’re registered to the correct and most tax efficient scheme.

Tax Consultancy

We understand that your financial needs are unique to you, which is why we offer tailored financial solutions specifically for your business.

From business start-ups and succession planning through to mergers and acquisitions, we welcome the opportunity to discuss your business and personal objectives – planning ahead to ensure that you achieve those objectives in an effective and tax efficient manner.

Free Consultation

Want to find out more about how PGM’s services can help you? Come and see us for a free 45-minute consultation with one of our qualified chartered accountants. We’ll get to know you, or your business, and explore how our services will be beneficial in providing the financial solutions that you need.