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Pension Payments, Gifts to Charity & their tax savings

Pension Payments, Gifts to Charity & their tax savings

Contributions to Pensions has two advantages. Firstly, contribution to registered pension schemes is tax free and secondly the growth the scheme attributes is also tax free. Pension income is taxable when the taxpayer retires. Even then it leads to a win-win situation...
VAT Flat Rate Scheme – Should we opt-in

VAT Flat Rate Scheme – Should we opt-in

The VAT flat rate scheme is a simplified VAT scheme. It can potentially save a lot of work and may also save tax. However, it is not for everyone and, depending on the nature of the owner’s business, they might find themselves worse off. Nature of the scheme The...