btc OR ptc

Bryony

Hi everyone...

me again trying to work out what units to do...

I do some bookeeping for a local shop and would liek to attempt to do their tax return this year.

The owner is registered as self- employed. he is not a limited company or anything like that..so just a sole trader I guess.

Which module do you think will be best to help to do his tax return..., PTC or BTC?

I would have thought BTC, but maybe because he is a sole trader i should focus on PTC..

My tutor is not very good at answering my queries and so I am very pleased to have this forum.

Great, thanks in advance
keep warm!

Bryony :-)

jewels.p

Bryony wrote: »

Hi everyone...

me again trying to work out what units to do...

I do some bookeeping for a local shop and would liek to attempt to do their tax return this year.

The owner is registered as self- employed. he is not a limited company or anything like that..so just a sole trader I guess.

Which module do you think will be best to help to do his tax return..., PTC or BTC?

I would have thought BTC, but maybe because he is a sole trader i should focus on PTC..

My tutor is not very good at answering my queries and so I am very pleased to have this forum.

Great, thanks in advance
keep warm!

Bryony :-)

I am not an expert on this as I have just started Technician Level but I would say PTC as he is self-employed (Please dont shout at me if I am wrong) lol

Claire321

Hi Bryony,

I would say Personal Tax is more relevant, as Business Tax covers Partnerships and Companies if I remember correctly

jow774

Im in a similar situation to you (working for a sole trader) and I was recommended to do PTC.

Bluewednesday

You would probably be better doing both!

Sorry to say this but PTC deals with the income tax part that you need whilst BTC deals with overlap profits and adjustments to trading profits that you will need.

jow774

What are overlap profits and adjustments to trading profits?