Special tax codes
If you are making a loss on property rentals or self employed income, and you are also paid wages or salary, it might be helpful to apply for a special tax code. A special tax code allows you to get tax money back on the self employed losses as you go along, rather than having to wait until after the end of the tax year. Not only will you be better off financially but you can earn interest that would not otherwise have been available to you. A special tax code may also be helpful in situations where you are taxed at a higher rate on salary and wages than you would be on self employed income. We can help you with this application at a reasonable cost.