“Paying tax should be framed as a glorious civic duty worthy of gratitude – not a punishment for making money.”
When you own a business you must account for income tax on your profits and any expenses or deductions that you claim against your income.
During the tax year you are obligated to pay provisional tax, which is a series of installments of income tax for the current tax year. You pay income tax on your net profit for the year.
We will ensure you meet your obligations by managing your accounts and filing your tax returns on time and provide a document outlining dates and the amounts to pay.
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Meeting your IRD obligations is not only compulsory, but it will save your business.