Income tax
Income tax is the amount of tax due when a person’s income exceeds a certain personal allowance threshold. Employment income, self-employment earnings, certain government grants and support payments, personal pensions and State pensions, income from trusts, additional job benefits, etc. are all examples of income that is subject to income tax. Additional allowances, reliefs, and tax-exempt income must be taken into account.
Capital gains tax
Capital gains tax is a tax on the profits that result from the sale of certain types of assets, such as stocks, bonds, and real estate.
The tax is based on the difference between the sale price of the asset and its original purchase price, known as the “capital gain.” Capital gains tax rates vary depending on the type of asset, the length of time it was held, and the taxpayer’s income level.
Corporation tax
Limited companies, clubs, cooperative associations such community groups, and sports clubs must pay corporation tax.
We work closely with businesses to identify potential tax savings and ensure that they are in compliance with all applicable tax laws and regulations. With our expertise and experience, these companies can help businesses minimize your tax liability.