Corporation Tax Returns!

Corporation tax shouldn’t be feared by directors, we do everything we can to make sure tax is simple to understand, but still effective for your company:-

  • Assisting with corporation tax return preparation.
  • Tax planning and advice.
  • Supplying you with regular updates!

Our expert team is on hand to make sure that we get the most out of your company. We will claim all available allowances and expenses to try and mitigate your company corporation tax liability.

Let us help with providing advice on withdrawing profits and reserves from your company in the most tax efficient way. As well as planning towards future years corporation tax liabilities so that you have no surprise tax bills!

If we do your bookkeeping, we will be able to give you regular updates on what we anticipate your year end tax liability will be. So you can make sufficient provisions throughout the year!

Corporate Tax should be as easy as…

The current corporation tax rate which was introduced on the 1st April 2015 is 20%. It is well known that limited company’s can offer advantageous tax benefits if profits are high enough compared to regular partnerships and sole-traders.

As announced in the Summer 2015 and 2016 Budget, the headline rate of tax is due to fall as follows:

1st April 2016       –   20%

1st April 2017    –  19%

1st April 2018   –  19%

1st April 2019   –  19%

1st April 2020  –  17%

For a company with taxable profits of £100,000 by 2020 the 1st April 2020 this will represent a tax saving of £3,000 a year compared to what would be payable in 2016!