income tax

Tax need not be taxing

Tax need not be taxing

One of our local cafes had a chalkboard outside that amused me.

“Teach your kids about tax; buy them an ice cream and eat 20% of it!”

Tax is a necessary evil for a civilised society, but there is no reward for paying too much and a lot of penalties for paying too little. The nature of the tax system is so complex that it would be naïve to assume that you are paying the right amount without some checking, either personally or by asking an adviser.