Phoenix Debola Accountancy Practice

Accountant | Tax Specialist
Phoenix Debola Accountancy Practice has written 148 posts for Phoenix Debola

How much money can you take out of your company without paying income tax?

Let’s start with the 2015/2016 annual personal allowance (ie the maximum amount of money that can be earned this tax year without paying any tax). The limit this tax year is £10600 and it covers all types of income. It is just one allowance per year per individual. This means a maximum tax-free salary of … Continue reading

Pension Scams

According to the Pensions Regulator, pension scams are on the increase in the UK and I am certainly beginning to get more pension-related cold calls than usual. The advice is not to entertain contacts from any company claiming to offer pension reviews, one-off investment opportunities or legal loopholes. It is essential to know that anyone … Continue reading

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