Business Tax – Corporation Tax
A business tax (or corporation tax) must be paid by limited companies on their profits. As a business owner, you are responsible for filing a self-assessment Company Tax Return with the HMRC by the correct date so they can calculate the tax you may owe. This is a long and complex procedure with hefty penalties and interest charges if these dates are missed. You are also legally responsible for keeping comprehensive records of company income and outgoings for the purpose of tax calculations. Running a business is hard enough without losing sleep over corporation tax returns. At Yorkshire Accountancy, we take the stress and strain out of the picture. What could be better than having a team of bright and fresh young professionals taking care of your corporation tax assessment while you clear your head and get on with running your business?
AT YORKSHIRE ACCOUNTANCY, WE:
There are different deadlines for each of the HMRC’s requirements on corporation tax so it is very easy to miss one. Strangely the filing deadlines for corporation tax are as follows:
So your tax payment is actually due to be paid before your CT600 has to be filed. If you pay your corporation tax early, you receive interest, but if you miss the deadline then you must pay interest. Yorkshire Accountancy can help you pay your corporation tax before the due date, saving you both time and money. As well as this, we can help your business budget for corporation tax.
WE OFFER YOU:
It makes sense to use an accountancy firm to ensure that your business doesn’t suffer the penalties while dealing with this complex procedure. At Yorkshire Accountancy, we have made it our mission to throw out the jargon (and the suits!) and instead adopt an informal and relaxed approach, making everything straightforward, simple and clear for our clients. We can help take the hassle out of corporation tax for you, making your business fun again.
Now that you know who we are and what we do… how can we help you?