Features

Finance: Understand how to check your charges

Management
As nurseries may be overpaying unnecessarily, Mary Evans shows why knowledge is power when it comes to balancing the books.

Although it is more than 200 years since the American statesman Benjamin Franklin declared there were just two certainties in life, death and taxes, the sentiment holds true today.

However, there is a significant uncertainty about taxes these days - particularly relating to whether you are paying the correct amount, given the recent news that some 4.3 million people have overpaid by £1.8 billion, and an assessment by a leading firm of chartered surveyors finding that 3 per cent of all rates bills are incorrect.

No one ever wants to pay a penny more tax than their due, but the complexities of the tax system can leave people confused about what they should pay and when.

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