If your business is a Limited Company, you will typically be required to pay corporation tax on your profits.
UK corporate tax regulations require business owners to calculate how much profit their organisation has made in each accounting period, as well as the amount of corporation tax payable on those profits, and then to report this to HMRC via a corporation tax return form, accompanied by supporting documentation.
As with all taxes, there are those dreaded deadlines to remember; filing a return that is either incomplete or late can result in financial penalties from HM Revenue & Customs, so it is essential that you are compliant.
At George Hay, our team of tax specialists will accurately and efficiently prepare your company accounts and tax returns, ensuring you are compliant with all your corporation tax obligations. Simultaneously, we can also help you to identify applicable allowances and deductions and so minimise your tax liabilities.
In addition, being business advisers as well as chartered accountants, we can take a closer look at your organisation and assist with many other accounting and tax requirements that you may have.
To find out more about our corporation tax services in Bedfordshire, Cambridgeshire and Hertfordshire and beyond, contact us today.