What we can do for you
A corporation tax liability refers to the legal obligation for a limited company to pay tax on its annual profits. As a director you must register your company with HMRC for corporation tax, and pay the liability within nine months and one day of the company's accounting year-end.
We can assist you in fulfilling all of your corporation tax obligations, from registering with HMRC, to annual preparation and submission of Corporation Tax returns and computations, making sure everything is filed correctly and on time so you can have peace of mind that your tax is all sorted.
As part of our services, we will review and apply relevant adjustments that have to be made to the year end accounting profits in order to calculate the taxable profit.
This will also allow us to identify opportunities to apply tax planning advice that can minimise your Corporation Tax liabilities.
This includes making adjustments for:
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Capital allowances claimed on business assets purchased in the year
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R&D tax credits
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Staff & client entertaining
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Utilisation of tax losses in the current year and brought forward from previous years
We appreciate that dealing with HMRC and keeping track of your tax obligations and reporting requirements can be stressful and time consuming.
From as little as £99 + VAT, we can relieve you of the burden, so you can concentrate on running your business, safe in the knowledge that not only has your tax return been submitted on time, but that we have helped you to keep your payments as low as possible.
You don’t get a bill for Corporation Tax. There are specific things you must do to work out, pay and report your tax...
Northfield Accountancy and Tax Services
Chartered Accountants and Business Advisors
01993 252 339