Monday, 30 June 2008

Tax Inefficiency

Tax inefficiency costs £8 billion in overpayments. Britons wasted nearly £8 billion in overpaid tax or inefficient arrangements in 2007, around £160 per person, according to research by lobby group IFA Promotion. They have carried out a 'TaxAction' survey of more than 2,600 taxpayers and almost three-quarters of those polled had not taken any action to reduce their tax bill. IFA Promotion said that simple measures such as making a will, completing self-assessment forms correctly and taking advantage of tax credits could all have a positive impact.

Small firm owners and small company shareholders are not expert in everything. Bob Shepherd Associates can help you organise your firm or company to best advantage. For general business know-how let us help you sort out your business and we have associates to offer tax expertise as well as many other topics you need to have in your charge.

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