Annual corporation tax returns.
We have a keen eye for detail.
If you’re a limited company, you have to submit a corporation tax return to HMRC every year, even if you made no profit and there’s no tax to pay. The deadline is 12 months after the end of the accounting period the tax return covers, with penalties for late filing. You might think you’ll be alright fulfilling your tax obligations yourself, but they can be complicated and difficult to get right. They’re cumbersome, too, and getting them wrong could either see you getting on the wrong side of HMRC or simply paying too much in tax with limited chances of a refund.
Finding help with your annual corporation tax returns is an excellent way to ensure yours are prepared correctly and on time, every time. We’ll be able to take over the whole thing on your behalf, doing everything from profit calculation to filing and dealing with HMRC if something comes up.
As we see it, your corporation tax return is your chance to make things work in your favour. That’s why we put an emphasis on tax reliefs and allowances, which you can claim as part of your tax return to reduce the amount of corporation tax you owe. There are a variety of schemes that will suit different companies more than others, so we’ll give you the guidance you need to make the best decision to save money. Companies can deduct their expenses from their profit before tax, which we’ll also help you keep track of and apply for.
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