Corporation Tax

Compliance

It is a requirement that every business prepares tax computations based on their annual accounts that must be filed with the tax authorities when Tax Returns are submitted.

By including tax relief for all relevant expenses and capital expenditure these computations can reduce your business' corporation tax liability. They also ensure that your business pays the correct amount of tax by excluding any spending which is disallowed by the tax regulations.

There are a variety of additional Tax returns which businesses must be completed and filed with the Inland Revenue and Customs & Excise each year in connection with PAYE, National Insurance and VAT.

Heavy fines and penalties can be imposed if your Returns are not accurately prepared or filed on time.

We can assist your business by:

• Completing and filing business Tax Returns
• Preparing and submitting end-of-year payroll Tax Returns
• Assisting and advising you in any disputes with the tax authorities

Planning & Advice

Through forward planning and organising your business affairs in the most tax-efficient manner your tax bills can be minimised

Compliance Reviews can be undertaken to ensure that penalties are avoided for technical breaches of PAYE and VAT regulations.

Intervention by tax professionals during a tax authority investigation generally results in a favourable settlement.

We can assist your business by:

• Tax planning and negotiation with the tax authorities
• PAYE and VAT Compliance Reviews
• Investigations into tax and duties paid in the past

Please contact us on 01326 315001 for a no obligation chat or for more information on this subject please contact reception