Corporate Tax Accountant
Helping your business produce a Company Tax Return and pay any Corporation Tax due over to HMRC
Limited companies within the UK are required to pay corporation tax on their profits. This is calculated and collected via a Company Tax Return and must be completed every year. Typically, this is done with your set of annual accounts. There are strict penalties in place for corporation tax, which can increase rapidly if left unchecked.
Our team of corporate tax accountants can help your business produce the necessary returns required to inform HMRC of any Corporation Tax due, followed by paying this liability over. We will also be able to provide tailored advice to support your business’s growth and help with any tax planning, and tax-saving opportunities.
- Company Tax Returns
- Corporation Tax Payments
- R&D Claims
- Tailored Advice
What is Corporation Tax?
Corporation tax, also known as corporate income tax, is a tax that is payable by corporations such as a limited company. This is paid on taxable income, which is calculated by income less costs of goods sold (COGS), and other general and administrative costs, such as sales and marketing. Corporation tax specifically applies on:
- Trading profits
- Investments
- Selling assets such as land, property, shares
How a corporate tax accountant can help your business grow
Before a company can submit its Company Tax Return, it needs to prepare an annual set of accounts. This will produce a balance sheet, profit and loss, and other financial reports that will provide an overview of the business. It is also the first step in calculating what Corporation Tax the business owes.
When we produce your annual accounts we make sure to do more than just record your transactions. We analyse the performance of the business to find any expenses, allowances, or reliefs that you can claim to reduce your Corporation Tax liability. We will be able to support you by managing cash flow and finding new opportunities to help your business to grow.
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