Paying tax is an inevitable part of doing business
Sharon Hirsch ??
Daily Bookkeeping I Know and use your numbers | Business advisory I Credit control I VAT I Cash flow | Business Support | Business Growth | Forecasting | Growing your numbers |
Paying tax is an inevitable part of doing business.
The more your income grows, the more tax you’re liable to pay. You’re rewarded for your success with a bigger tax bill.
While we don’t want our clients to avoid paying tax or evade the tax department. We do want our clients to only pay the amount of tax they’re legally liable for.
Many business owners don’t understand the tax deductions and other benefits available to them.
We want to help you arrange your financial affairs to you can minimise your tax and pay only what you should. Tax legislation is constantly changing. Our team are up to date with any changes and understands how changes can affect our clients.
Changes to your personal circumstances can also affect how much tax you need to pay. There could be a better way to structure your affairs, so you pay less tax.
Some examples of areas where you could save tax include:
? Vehicle ownership
? Home office expenses
? Entertainment
? Employee benefits
? Loan refinancing
? Family income allocation
We can assess your tax situation.
We can review your financial reports and identifying potential tax saving opportunities in your business to determine the most appropriate tax structure for your circumstances. We can also advise on the financial implications of your current and planned arrangements.
We won’t just make recommendations; we’ll ensure you understand your tax obligations and give you peace of mind that you’re compliant with all tax legislation.
Knowing exactly how much tax you’ll have to pay means you can set aside the right amount of money on a regular basis, so you’re prepared for the bill and won’t incur penalties or interest.
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Multi Award Winning Chocolatier | Handmade Belgian Chocolate Corporate Gifts | Helping small to medium Businesses achieve their search for outstanding Gifts by providing a stress free Belgian chocolate gifting service
3 年Fab post and everyone needs you in their corner with great advice.
Making design, print and merch a straightforward and stress-free experience for my clients. One point of contact for graphic design, roller banners, flyers, logos, graphics and merch. On time and budget.??
3 年Another very helpful post Sharon
Achieve your dreams sensitively and realistically with me at your side.
3 年It's about doing things right, surely. The way to know what right is for you is to work with someone that knows both your situation and has the specialism to cope with it. Having said that, there doesn't seem much you don't know about accounting Sharon.
Increase your business success through improved conversations, make significant connections, have sales chats not pitches & bring more ￡￡￡￡ into your business. Business Performance and Mindset Coach | Trainer | Speaker
3 年Always good to know how stay legal but get the most out of your endeavours
When you started your business, you didn't realise how much time you would use each week catching up on your admin; outsourcing all your admin tasks will save you extra time to focus on your core business.
3 年Thanks Sharon, although I shouldn't be, I'm looking forward to paying my first tax bill as a self employed person