Essentially you can and will be taxed on almost everything you earn. Income tax is ‘tax on your income’. However, not all income is taxable and even then you are only taxed when you earn above a certain amount.
Income tax is applicable to; earnings from employment, earnings from self-employment, receipts from most pension schemes (including state, company and personal), and interest generated on most savings accounts, income from shares, rental income and income paid to you from a trust.
At ProAccountsUK, we’ll help you get your taxes right. We can advise you on HM Revenue and Customs (HMRC) taxation rules with the aim to reduce your tax bill and give you more to spend on other necessities. Current Income Tax Rates
Our qualified and experienced accountants will advise and give recommendations tailored precisely to your requirements. Our primary objective is to keep your tax liability to a minimum and ensure that your accounts are compliant with all Companies House and Inland Revenue regulations. Moreover, accounts preparation will give our accountants an insight to your business and an understanding of your long term corporate goals.
So if you’re just starting out in business, we can advise you to install the correct systems from the beginning so that you do not have to worry about the financial matters and can concentrate on the development of your business.
At ProAccountsUK there is always telephone support available for any of our clients who need guidance with their financial matters. See more info under online support to.
Auditing is a specialist legal requirement which needs to be conducted efficiently and professionally. ProAccountsUK auditors will comprehensively assess your systems and records for accuracy, honesty and risk.
- Ensure your company’s accounts are up to date and meeting all legal requirements
- Assures the taxman that your accounts are accurate and meets current legislation requirements
- It will assure your customers and suppliers
- If you sell shares in your company, an audit will show that your business has been managed professionally
ProAccountsUK’s auditors conduct many forms of auditing, including specialist work for charities, solicitors, estate agents and surveyors.