Corporation Tax
Banish the fear of HMRC knocking at your door and save a pretty penny in the process with proactive tax planning.
How we help
Calculated from the profit and loss on your annual accounts, we can help Limited Companies in the UK get their Corporation Tax sorted so you can rest easy at night.
No more stressful tax deadlines and expensive surprises. Have your Corporation Tax bill prepared months in advance of the deadline.
Meaning you can proactively plan and spread the cost out over the year
You’ll also be able to take advantage of a whole selection of tax-saving initiatives that might’ve been missed otherwise
Tax made simple
Rather than drown you in jargon, we take pride in explaining everything in plain English.
With daily bookkeeping, your numbers will be up-to-date in Xero as soon as the next day, so you can always have full oversight of the numbers.
So you’ll always have up to date figures that’ll make calculating your tax bill a breeze
Can I reduce the amount of tax I pay?
In short, yes.
Taxes unfortunately are inevitable, but there are lots of ways you can lessen the amount you’ll have to pay. That’s where a good accountant comes in. Trivial benefits, business expenses, capital allowances, pensions contributions ya-da, ya-da. We won’t bore you with the jargon but there are plenty of options that allow you to reduce the bill you pay to HMRC. A good tax advisor will make you aware of these way ahead of time and help you put in the necessary steps so you can take advantage of them proactively rather than letting the opportunity pass. We’ll also explain it in simple terms that a real life person can understand so you don’t have to be a HMRC-created automaton.
Do I need to pay Corporation Tax?
If you're a Limited Company operating in the UK, you'll have to pay Corporation Tax.
Not only will you have to pay it on any profits you make, but it’ll also be on any money made on the sale of assets such as land, property or shares. As of April 2023, businesses with profits of £50,000 or less will continue to pay corporation tax at 19 per cent, however businesses with profits above £250,000 will pay corporation tax at 25 per cent. Any business with profits between £50,000 and £250,000 will also pay corporation tax at 19 per cent. Tax rates are something that change often, which means its important to keep on top of things…. Or, you could let us do it for you and not have to worry, your choice!
Why do we only use Xero?
Xero to Hero. Yes, it's fair to say we love Xero.
So why Xero? Why not any other of the hundreds of accounting software out there? In short, Xero speaks the language of business owners. There’s no industry jargon, it’s easy to use and is specifically aimed at business owners rather than accountants. So if you haven’t used Xero before, don’t fret. After a bit of training with our onboarding team, you’ll be a master in no time. We pride ourselves in being one of the best Xero Advisors in the country.
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Get an instant quoteSabela Cal
Sabela Cal
Fantastic company to work with. I have always found the team at Accounts and Legal to be extremely helpful, friendly and understanding. They are always responsive, very patient, and always on hand to answer my accounts...
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