Taxation
Most contractors are understandably confused by tax and all of the associated paperwork that comes with it. your psc tries to reduce the hassle from this as much as possible by giving you all the advice and support you need whether we are filing your end of year returns or you are. However, there are some other pieces of information which will be of use to you, so have a look at the guides below.
Income Tax / National Insurance – the levels of each of these will vary according to how you receive payments and also how much you earn.
Corporation Tax – Tax paid on the profit and gains of your limited company. Find out rates and information about when this is due and how it is calculated.
Capital Gains Tax – This tax is related to when assets are sold, given away or disposed of and can apply to your Limited Company.
Self-Assessment – A guide about your self-assessment tax return detailing relevant deadlines and processes.
VAT – Value Added Tax is sometimes seen as a bit of a nightmare by Limited Company Directors, but here your psc explains how it works, and how your company can benefit from it.
If you have any questions about the above, the your psc team are here to provide you with all the advice and guidance you need, so pick up the phone or chat online with us now.
