Corporation tax is the tax limited companies must pay on their annual profits. Other organisations may also be liable to pay corporation tax, such as charities and clubs. As with other forms of tax, corporation tax has a complex set of rules and regulations. And even if an organisation doesn't make a profit, it must still submit a corporation tax return.
There is some good news, however. We have a team of experienced corporation tax advisors who can help you with everything from standard annual accounts to specialist advice on your business strategies. Rather than you spending your time and resources collecting revenue for HMRC,we can minimise your tax exposure and keep you compliant.
We'll work with you to find the best ways to draw profits from your business, in line with your short and long-term plans and objectives. Our team receives regular training on the latest regulatory changes. It means when it's time to calculate your corporation tax, we'll apply any new reliefs that your organisation may be eligible for.
Our corporation tax services cover everything you need for practical tax planning and to meet your reporting obligations. They include:
Efficient corporate tax planning can result in potentially significant improvements in your bottom line.
Make sure you take full advantage of all the tax saving opportunities open to your company - Contact us today for a free corporation tax planning review.
We conduct Free Business and Corporation Tax Reviews with all of our companies to ensure your tax affairs are set up in the most efficient way that suits your circumstances.
We also offer a wide range of business advice for free, including accounting, business, tax, marketing and web. Please see our Free Client Advice page for more information.
Our UK qualified accountants have over 25 years experience with tax and dealing with HMRC.
We will act on your behalf, dealing with HMRC from start to finish.
All of our fees are quoted for and agreed in advance. This makes it easy for you to budget and protect your cashflow with our monthly payment terms.
Company structure advice
The type of business structure you choosecan impact business ownership, how it's run, how much tax is paid and yourpersonal liability. We can advise you on the most effective tax structure foryour business, taking into account your financial and administrative requirements and your future plans.
Company restructuring
We can advise you if you find you are infinancial difficulties and need to restructure your organisation. We can helpwith debt restructuring and operational modifications, cost-cutting and sale ofassets. We can also guide you through preparing to for the sale or merger ofyour company and transfer of ownership.
Minimising your tax liabilities
Our corporation tax specialists will puttogether a strategy for reducing your corporation tax by exploiting all thelegitimate ways of minimising your tax liabilities. From claiming businessexpenses to paying HMRC early and getting some of your tax back as interest,you'll only pay the minimum amount of tax.
Industry-specific tax opportunities
There are tax reliefs available if your companyworks in specific industries. Our team have in-depth knowledge of R&Drelief for science and technology projects, creative industry relief andgoodwill and relevant assets relief. We can also help you claim the Patent Boxif your company patents inventions.
Venture capital schemes
Venture capital schemes are tax reliefsdesigned to help small and medium-sized businesses raise money for growth. Wecan help you apply for and manage the funds from one of four venture capitalschemes if you meet the qualifying criteria. The schemes are the EnterpriseInvestment Scheme (EIS), Seed Enterprise Investment Scheme (SEIS), SocialInvestment Tax Relief Scheme (SITR) and Venture Capital Trusts (VCTs).
Tax planning
Our tax planning service will ensure yourorganisation is tax-efficient by legally minimising its tax liability andimproving its company financial performance. We'll review the wide range ofreliefs and provisions available and make use of any you qualify for. With acareful planning and review cycle, you can make significant tax savings. Wealso provide tax planning services for mergers, acquisitions and overseas expansion.
Tax return and accounts
The administration involved in stayin gcompliant with tax legislation and paying your taxes can be onerous. Withseveral documents to prepare and file, you must stay on top of the paperwork toavoid being fined for missing deadlines. We'll prepare and submit your annualcorporation tax return to HMRC. We'll also compile and file your annualstatutory accounts with HMRC, Companies House and shareholders and annualstatutory return with Companies House.
Transaction taxes
If your company works internationally, youmay need to pay taxes on financial transactions, including share ownershiptransfer and the movement of cash between accounts. Our corporation tax teamwill keep you updated on the technical requirements of different countries, andthe transaction costs are of your investment strategies.
Company structure advice
The type of business structure you choosecan impact business ownership, how it's run, how much tax is paid and yourpersonal liability. We can advise you on the most effective tax structure foryour business, taking into account your financial and administrative requirements and your future plans.
Company restructuring
We can advise you if you find you are infinancial difficulties and need to restructure your organisation. We can helpwith debt restructuring and operational modifications, cost-cutting and sale ofassets. We can also guide you through preparing to for the sale or merger ofyour company and transfer of ownership.
Minimising your tax liabilities
Our corporation tax specialists will puttogether a strategy for reducing your corporation tax by exploiting all thelegitimate ways of minimising your tax liabilities. From claiming businessexpenses to paying HMRC early and getting some of your tax back as interest,you'll only pay the minimum amount of tax.
Industry-specific tax opportunities
There are tax reliefs available if your companyworks in specific industries. Our team have in-depth knowledge of R&Drelief for science and technology projects, creative industry relief andgoodwill and relevant assets relief. We can also help you claim the Patent Boxif your company patents inventions.
Venture capital schemes
Venture capital schemes are tax reliefsdesigned to help small and medium-sized businesses raise money for growth. Wecan help you apply for and manage the funds from one of four venture capitalschemes if you meet the qualifying criteria. The schemes are the EnterpriseInvestment Scheme (EIS), Seed Enterprise Investment Scheme (SEIS), SocialInvestment Tax Relief Scheme (SITR) and Venture Capital Trusts (VCTs).
Tax planning
Our tax planning service will ensure yourorganisation is tax-efficient by legally minimising its tax liability andimproving its company financial performance. We'll review the wide range ofreliefs and provisions available and make use of any you qualify for. With acareful planning and review cycle, you can make significant tax savings. Wealso provide tax planning services for mergers, acquisitions and overseas expansion.
Tax return and accounts
The administration involved in stayin gcompliant with tax legislation and paying your taxes can be onerous. Withseveral documents to prepare and file, you must stay on top of the paperwork toavoid being fined for missing deadlines. We'll prepare and submit your annualcorporation tax return to HMRC. We'll also compile and file your annualstatutory accounts with HMRC, Companies House and shareholders and annualstatutory return with Companies House.
Transaction taxes
If your company works internationally, youmay need to pay taxes on financial transactions, including share ownershiptransfer and the movement of cash between accounts. Our corporation tax teamwill keep you updated on the technical requirements of different countries, andthe transaction costs are of your investment strategies.
Efficient corporate tax planning can result in potentially significant improvements in your bottom line. Make sure you take full advantage of all the tax saving opportunities open to your company - Contact us today for a free corporation tax planning review.
