One of the most common and frequently asked questions when going into a business is whether to set up as a Sole Trader or a Limited Company. We will shortly publish some guidelines on our website to help you come to a decision. Visit our “Contractor’s” page for more details.

Remember setting up to trade as a Sole Trader is more flexible, less expensive and has fewer burdens than setting up as a Limited Company. However, tax savings through a Limited Company and protection by using a separate entity, outweighs the benefits in the long run.

Small businesses and Sole traders

Tax Planning, whether you are a Sole Trader or Limited Company, can you save you thousands of pounds. For example, the VAT Flat Rate Scheme can save your business enough money to cover your accountancy fees for several years. Many small businesses require careful attention to their tax affairs to save considerable sums of money. Unfortunately many businesses are unaware of this and waste the opportunity to save money.

Every month we offer Free Consultation Sessions to many small local businesses. To find how your business can benefit from this service please book a free session with one of our tax consultant today.

Personal Tax Planning

Personal Tax Planning is essential to those individuals who are directors of companies, individuals with multiple sources of income, for example income from rental properties, and/or other investments.

Are you thinking of buying or selling a business asset and do you want to know what impact if any this would have on your taxes?

We can promise to reduce your tax bill and we have several Tax experts at DNS to identify this for you.

Property Tax

If you own more than one property and are thinking about selling in the future, then you might need to start seeking professional advice about Capital Gains Tax. DNS have several experts that can advise you on this, relieving you of the burden and saving you a considerable amount of time and money. Our comprehensive advice and approach can help you build a large portfolio of properties without paying a penny.

Find out how we can save you £ 20,000 in stamp duty when you’re buying a property worth £ 500,000 or more.

Would you like to reduce your capital gain tax bill by up to 75 percent and have little or no capital gain tax to pay?

DNS have a number of significant tax savings strategies that employ legal loopholes.