Post-Brexit there has been a lot of discussion around corporation tax- should it go down to encourage a competitive market? Should it go up to bring funds into public hands? None of us enjoy paying tax, but there is one good reason why we should be happy to pay it...
Paying tax means your business is profitable!
There is often a bit of confusion about the role of accountancy practices when it comes to tax, many people are under the impression than one of the things that we do is reduce a tax bill. However we're very firm in our belief that we don't have any interest in reducing a businesses tax bill- because ultimately the most effective way of doing this is to reduce your profits. What we do want to do is increase your tax bill- quadruple it even! Because this would mean you've massively increased your profits, and that's better than a low tax bill isn't it?
How would we do this? Find out here.