Corporation tax
Corporate Tax ACCOUNTANTS
All limited companies registered in the UK with Companies House are required to pay corporation tax on their profits. Corporation tax is likely to be a major part of your trading costs, and as with all taxes there are deadlines for submission of the tax returns and payment of tax owed.
The whole process is time and resource intensive, and with corporation tax rates and reliefs changing on an annual basis, it requires detailed knowledge and understanding of this area of business taxation.
However, with the help of a specialist corporate tax accountant, the responsibility becomes much more manageable. Our corporate tax accountants can support you with the preparation of company accounts, tax computations and company tax returns. And taking this information into account, we can also advise on any areas of tax planning that may be beneficial to your business’s financial future.
Our business tax specialists maintain a constant awareness and understanding of the changing rules and regulations and we will act as intermediaries for any disputes with the tax authorities. By working with us, we deal with the increased reporting obligations and investigation policies delivered by HMRC.
INCLUDED IN YOUR CORPORATION TAX SERVICES:
- Preparation of corporate tax computations in iXBRL format
- Completion and submission of compliant tax returns
- Advising on quarterly corporation tax payment plans
- Dealing with HMRC enquires on your behalf
- Advising on the most tax efficient structure for your business
- Reducing tax on disposals and maximising relief on acquisitions
- Maximising tax opportunities specific to your business
Corporation Tax opportunities
As well as meeting your tax compliance obligations, we will help you to determine the most tax effective structure for your business by taking full advantage of tax opportunities and reliefs. It is our job, as Corporate Tax Accountants to make sure that you achieve the best capital or revenue tax treatment as well as reducing your tax on disposals and maximising relief on acquisitions.
There are also many tax opportunities specific to certain industries, including R&D Tax Credits which our in-house specialists can address with you. By taking a proactive approach, with your business in mind, we can help you to reduce your tax bills.
As corporation tax accountants, we can also advise sole traders or partnerships considering incorporation to a limited company. For those considering this option, we can explain the financial and administrative obligations and explore with you, the pros and cons of this approach for your business. By utilising our corporation tax services, we can manage the incorporation process on your behalf, including business registration with HMRC.
Whatever your needs, we will guide you through the tax implications of your decisions and ensure that you can plan ahead and operate your business in a tax efficient way, with improvements to your bottom line.
FILING A CORPORATION tax RETURN
All UK based companies that are registered with Companies House, are required to file an annual corporation tax return to HMRC and to calculate how much corporation tax they owe.
The corporation tax return is calculated, according to the profit or loss shown in your statutory accounts. Additionally, there are a number of reliefs, allowances and expenses which a company may be eligible to claim. The findings from these calculations are then used to determine how much corporation tax is owed, and the completed return is submitted to HMRC.
Corporation tax returns are generally filed 12 months following the end of the accounting period for as business. This accounting period is determined by HMRC, who will also inform you of the deadline.
It is important that all calculations are included in your tax return and that the right information is reported to HMRC.
CORPORATION tax services in surbiton & cheam
Kingston Burrowes provides corporation tax services to businesses in South West London and Surrey. Our clients in Kingston, Surbiton, New Malden, Raynes Park, Wimbledon, Reigate, Chessington, Epsom, Sutton, Cheam, and Banstead have benefitted from our specialist support in this area, ensuring their obligations are met and tax efficiency maximised.
We can assist you and your business by completing and filing your business tax returns. Our in-house team of experts will ensure that your corporation tax compliance obligations are met with accuracy and efficiency, while minimising your corporate tax exposure. Get in touch today to see how we can help.
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