Corporation Tax Services For Limited Companies
Our corporation tax services ensure limited companies are compliant with their obligations. If you are registered with Companies House you must pay tax on your profits. This only applies however if you’re registered in the UK. Aside from limited companies, there are some exceptions to where an unincorporated body may have to pay corporation tax. These include clubs and charities.
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What Our Corporation Tax Services Include
Paying your corporation tax isn’t just about filing your company tax return, it’s also about being tax-efficient, which is where a qualified limited company accountant comes in handy. Corporation tax rates and reliefs are constantly changing; on an annual basis, so it is important for us to keep up to date and make sure your business is claiming all possible deductions and allowances to reduce your liability.
If you’re a start-up, we often like to get to know you before deciding on what entity your business will become. This will allow us to advise you on the advantages and disadvantages of certain routes. However, if you’re already established as a limited company, you will have to pay corporation tax on your profits and file a company tax return.
To calculate what you owe, our corporation tax services will also include the preparation of your company accounts. This will give us an accurate overview of your position and enable us to calculate your tax accurately.
Help with raising finance
Tax-efficient planning
Relief and allowances
Digital filing
Capital allowance reviews
Ensuring deadlines are met
Access To Expert Advice
We will advise you on what you can and can't claim and the best route of action throughout the year. We're more than just an accountant that files your company tax return, we spend time evaluating your circumstances and structuring your business for growth.
Corporation Tax Deadline
Every year, limited companies are required to complete a company tax return. These returns must be filed within 12 months of your business' year end and all payments must be made to HMRC within 9 months and 1 day.
Ultimately, it's not just penalties that are charged for late payments, interest is also added. The interest liable by the company is dependent on the amount of corporation tax that the business owes. This can also occur on any penalties that haven't been paid on time or in full.
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