There are many different taxes which need paying, to comply with the law. These include Capital Gains Tax, Corporation Tax, Inheritance Tax, PAYE, VAT and Income Tax.
It is imperative that you understand what is required when you pay each type, and as such, an accountant can be very beneficial for you and your business. They will ensure you pay all required taxes, to help you avoid legal problems. For more in-depth information on each of these taxes, have a read through the different pages.
You may be able to make tax savings, such as through tax relief. If you don’t really know what you are doing, and you try to save yourself money in tax, there is a risk you might unlawfully avoid paying tax, which could be very detrimental to yourself and your business. An accountant will be able to help you save money on tax, providing you with expert financial assistance.