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SKY Business News

Amazon quarterly profits more than double to $3.6bn
Thu, 25 Apr 2019 22:26:00 +0100

Amazon more than doubled profits in the first quarter thanks to soaring demand for cloud computing and ad services - but forecast a more muted performance for the current period.

Sainsbury's lashes out at regulator as Asda mega merger is blocked
Thu, 25 Apr 2019 06:36:00 +0100

Sainsbury's and Asda have called off their planned£13bn merger after it was formally blocked by the competition regulator on the grounds it would lead to higher prices.

Merger failure leaves Asda's doors open for Amazon
Thu, 25 Apr 2019 12:25:00 +0100

When Sainsbury's and Asda announced plans for their blockbuster merger just over a year ago, every analyst in the City warned they would have trouble getting the deal past the Competition&Markets Authority.

Ghosn hits out at 'cruel' bail terms banning contact with wife
Thu, 25 Apr 2019 16:44:00 +0100

Carlos Ghosn has been released on bail for a second time - but only after restrictions on contact with his wife that he described as"cruel and unnecessary".

Microsoft becomes third company to reach $1tn valuation
Thu, 25 Apr 2019 18:38:00 +0100

Microsoft's stock market value has topped $1tn (£775bn) for the first time as Wall Street cheered better than expected results for the US software giant.

Personal Tax

Personal tax (income tax and capital gains tax) is arguably the most understood of all of the taxes, as most of the population pay it in a very visible way. Since the introduction of self assessment, the self employed, the employed, investors and trusts all need to understand the new rules, to minimise their overall tax exposure.

If you are selected by the Inland Revenue to fill in a self assessment personal tax return, because you are self employed, a higher rate taxpayer, a director, a property investor, or another reason, you need to make sure that this return correctly discloses all taxable income sources and claims all valid tax deductions.
Specific areas which we are typically asked to advise on include:

Disclosing and then agreeing your personal tax liability with the Inland Revenue is principally achieved by the completing and filing of a self assessment tax return..

Understanding this complicated tax system and paying the minimum amount of personal tax, at the correct time, through the correct mechanism, should satisfy our client.  We may even be able to suggest ways to restructure your affairs to save further tax.

Gorman Darby & Co Ltd
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