Pharsyde is doing a series of blog posts designed specifically to raise awareness with regards to common statutory submissions: what they are, why they exist and when they are due. This post deals with Income Tax

We have dealt with the difference between your income statement and your bank statement in a previous blogpost, so in this one we will deal with why there is a difference between financial profit and taxable profit.

There are only two certain things in the world: death and taxes. And while you cannot avoid either one of them, you can prepare for both. This is a (sort-of) simple overview of the three main taxes you will encounter as a small business owner.