Tag Archives: Tax

Little known Tax breaks for Companies

Little known Tax breaks for Companies

Businesses can legally declare less profits It is very important that people understand that there is a difference between tax evasion, which is illegal, and tax avoidance, which in itself is finding loop holes in the tax system to minimise their tax liabilities, but doing so in a legal way. The current key trends, which many are missing out on, in saving on taxes for their business(es) are the variety of ways that one can offset profits made from the primary business against establishing a separate enterprise, which in fact becomes a supplier to that primary business. By invoicing that primary business these expenses become tax deductible as it is in fact […]