If you are subject to a high-income tax bracket, then you will want to try and reduce your exposure as much as possible. You know that you may be entitled to a variety of different deductions against your tax bill, but you need to be careful as some of these rules can be quite difficult to navigate. In particular, you need to understand the rules related to clothing and whether or not each is an allowable expense.
Hello. When you are at school, maths can seem so complicated at first. But then you learn about numbers and all of sudden everything seems as easy as 2 + 2 = 4. I used to be pretty good at maths so when I started my own business, I didn't think I needed to hire an accountant. After all, why should I pay someone else to do something that I could do myself? However, I very quickly learnt two important lessons. Lesson one was that accounting and doing the books will take a lot longer than you might think and, secondly, it is actually pretty complex stuff. In the end, I decided to hire a professional accountant. He is great and he has taught me a lot of cool stuff.