Corporation Tax

Under Corporation Tax Self Assessment (CTSA), the legal responsibility for correctly calculating the Corporation Tax liability falls on business owners. Our Corporation Tax service removes the burden and reduces the worry for businesses.

We understand the issues facing owner-managed businesses and can prepare tax returns in a timely and efficient manner. We will also calculate your companies’ tax liability and assist with the calculation of any quarterly instalment payments due.

Every limited company that is based in the UK is subject to Corporation Tax on their profits. Limited companies that are non-UK based can still be expected to pay Corporation Tax if the central control and management of the company is carried out in England and Wales.

The first thing you must do is register your company with HM Revenue & Customs (HMRC), using its official forms, so it knows you are liable for Corporation Tax. If your company is liable for Corporation Tax, you must calculate how much profit your company makes for each accounting period and how much Corporation Tax is payable on those profits.

This information must be reported to HMRC on a Corporation Tax return form and accounts and tax computations must be submitted to HMRC in support of the return. There are strict penalties for filing late returns and interest is charged on tax paid late, so it is important that the deadlines, which are determined by your companyies’ annual accounting date are adhered to.

We can assist with the preparation of company accounts, company tax returns and tax computations and will also be able to provide advice on any tax planning areas that may benefit you and your company.

Accounting For Corporation Tax

The increased reporting obligations, investigation policies on the part of the tax authorities and harsher penalties for non-compliance mean that your time and resources can be taken up with tax administration.

We will help to minimise Corporate Tax exposure and relieve the administrative burden of compliance with current tax legislation. Effective Corporate Tax planning can also result in significant improvements in your bottom line. Our Corporation Tax service includes:

  • Registration For Corporation Tax With HMRC
  • Preparation of Corporation Tax Returns
  • Determining Corporation Tax Liabilities and Repayments
  • Advising of Tax Payments and Payment Deadlines
  • Filing Corporation Tax Returns With HMRC
  • Keeping You Up to Date With Current Tax Legislation and Thresholds

Assured Advice You Can Count On

As Corporation Tax advisers, our objective is to work closely with you to ensure you pay the minimum Corporation Tax required by law. We will help you to understand the tax implications of your actions, in order that you can plan ahead and conduct your affairs in a tax efficient way.

We always agree fees in advance so you never receive a bill you are not expecting.

For further information, please contact us today on 01543 481329 or 07765 404 944. Alternatively, please complete our online enquiry form or email us to;

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