We are an established and trusted firm of chartered accountants in Liverpool City Centre. From startup advice to payroll, forecasting and tax for established businesses, Fischer Crowne provide the complete accounting solution joining traditional services with new technology
We are experienced in dealing with all legal entities and structures. Below are the most common.
A sole trader is a self-employed person who owns and runs their own business as an individual. A sole trader business doesn't have any legal identity separate to its owner, Individuals are taxed on the business profits as a sole trader.
A limited company is a separate legal entity to the individuals involved in the business. It is structured in general between staff, directors and shareholders. Limited companies pay corporation tax on the business profits and shareholders pay personal tax on dividends.
A partnership is an arrangement where parties, known as business partners, agree to cooperate to advance their mutual interests. Individuals are taxed on their profit share of the partnership.