Stay compliant and save money with our corporation tax accountants
Navigating the complex labyrinth of corporation tax rules can be a daunting task for busy directors with a hundred other priorities on their plate. Changes in tax regulations are frequent and intricate, often making it challenging to stay abreast and compliant. The solution? Let us file your corporation tax.
Stay one step ahead with Affinity’s corporation tax accountants by your side
Understanding and adapting to changes in tax law is integral to managing your corporation tax effectively. For instance, did you know:
- In the UK, the corporation tax is generally due for payment 9 months and 1 day after the end of the accounting period?
- The main corporation tax rate has increased from 19% to 25% for profits above £250,000 with a taper for profits in between these amounts. This change may affect your tax planning strategies and potential liabilities?
- Even if a company makes no profit, it still needs to file a tax return, unless it’s told by its local tax authority that it’s dormant for Corporation Tax or not within the charge to Corporation Tax.
Don’t worry, Affinity’s accountants constantly monitor legislative developments to ensure you stay compliant and can take advantage of any changes that may benefit your business. Such changes may or may not apply to your business depending on your specific circumstances. We recommend you consult with us to fully understand their implications.
With us as your partner, concerns about accurate tax filing and unexpected fines from HMRC become a thing of the past. We take on the responsibility of managing all your documentation and filing, along with identifying opportunities for tax efficiency to reduce your tax bill through suitable relief schemes.
Using your annual accounts, we prepare precise corporation tax bills, enabling you to anticipate and distribute costs effectively throughout the year. Regardless of your profit levels or any special circumstances that may apply, we handle all aspects of the process seamlessly, always ready to answer any queries you may have along the way.
Our commitment is to help you maintain compliance with corporation tax laws while maximising your savings. Experience hassle-free company accounting at its best with us by your side!
Scope of our company tax services for small to midsize businesses
Our corporation tax specialists ensure your filings are accurate, timely, and optimised for maximum savings. We offer custom solutions to align with your business goals and needs. We can help you with:
- Remuneration planning
- Resolutions of any tax disputes
- Company/group reorganisations
- Tax-efficient employee incentives
- Optimising capital allowance claims
- Tax accounting as per the UK GAAP standards
- Preparation of your company tax return (CT600)
- Keeping tabs of your corporation tax deadlines and obligations
- Registering your business for the company tax return online with HMRC
Discover local, top-tier accounting right around the corner
Tax filing can be stressful, but not when you work with Affinity Associates
Here’s what you get when we handle corporation tax on your behalf:
Records prepared ahead of time
We ensure that your tax records are prepped and ready months in advance of the deadline. No more last-minute stress, no more scrambling to pay the bill when it comes. Be ready.
More tax saving
As experts on corporation tax, we can help you identify tax saving schemes that you’re eligible for and submit your claims to HMRC on your behalf. It’s that easy!
Remuneration planning help
We help design a tax-efficient salary and benefits package for directors and employees. For example, we may suggest a mix of salary, dividends, and benefits-in-kind.
No more jargon
Corporation tax laws can be complicated for a layperson, but we break it all down in simple terms so you know exactly what you’re paying and why. Be fully informed!
Increased financial accuracy
Partnering with us ensures that your financials are accurate and in line with the latest tax laws. You can rest easy knowing your records are spot-on.
Extra time to focus on business growth
With us handling your corporation tax, you’ll have more time to devote to your business’ core operations. That’s how we have designed our support.
Embrace proactive corporate tax services with Affinity Associates
Bring clarity to your tax obligations and uncover valuable saving opportunities. Gain greater corporate profits with the help of our corporation tax accountants. Get your free consultation now!
- Email us at
- in**@af****************.com
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Frequently Asked Questions (FAQs)
1. What is the process for filing corporation tax returns?
Our process for filing corporation tax returns involves a series of steps. We start by reviewing your financial records for the accounting period. We then calculate your corporation tax based on your company’s profits, taking into account any tax deductions or reliefs you may be eligible for. After your approval, we submit the tax return to HMRC. We also advise you on payment dates and amounts.
2. What documents and information will you require from us to prepare our corporation tax returns?
To prepare your corporation tax returns, we’ll require your company’s annual accounts, details of any expenses, and information on any capital assets your company owns. We may also need information related to tax reliefs and allowances your company is entitled to so we can assess whether you are eligible. Contact us to find out more about the documentation.
3. Will you handle all correspondence and communication with tax authorities on our behalf?
Yes, as part of our corporation tax services, we handle all correspondence and communication with the tax authorities on your behalf. This includes responding to inquiries, ensuring timely submission of tax returns, and keeping you updated about any changes that may affect your corporation tax.
4. Do you offer representation services in case of a tax audit or investigation?
Absolutely. If your company is subject to a tax audit or investigation by HMRC, we can act on your behalf, providing advice and guidance throughout the process to help ensure it is dealt with swiftly and effectively.
Client stories: Experiences that speak volumes
Matthew Loxston
Zoe Spicer
