Professional Accountants in Watford - London

Thursday, 6 October 2016

Item details

City: London, England
Offer type: Offer

Contacts

Contact name Rajesh Vekaria
Phone 020 8200 0016

Item description

FinSol Tax Advisor is a leading firm of Accountants in Watford and we provided affordable accounting services throughout London.
Capital Gains Tax: It is a tax on the profit when you sell (or ‘dispose of’) something (an ‘asset’) that’s increased in value.
Income Tax: It is a tax you pay on your income. You don’t have to pay tax on all types of income.
A corporate tax: It is a tax on the income and also called company tax.
If you pay basic rate Income Tax, You’ll either pay 18% or 28% tax on your gains if you’re a basic rate taxpayer. How much you pay depends on the size of your gain and taxable income.
•Work out how much taxable income you have - this is your income minus your Personal Allowance and any other Income Tax reliefs you’re entitled to.
•Work out your total taxable gains.
•Deduct your tax-free allowance from your total taxable gains.
•Add this amount to your taxable income.
•If this amount is within the basic Income Tax band for the 2015 to 2016 tax year, you’ll pay 18% Capital Gains Tax. You’ll pay 28% on any amount above this.
We can help you for your any accountancy need of your business. If you want to know any kind of information about our services contact us any time!