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Corporation Tax is the tax which all Limited Companies are subject to. Calculated on an annual basis the amount of corporation tax a business pays is based on the amount of profit left in the company once tax deductible expenses have been accounted for.
Corporation tax rates can fluctuate each year and allowable tax deductible expenses can also be variable. With differing rates for some businesses and various tax breaks available it is impossible for a small business owner to do the job of an experienced tax accountant at the same time as effectively running the company operations.
For this reason it is advisable to use an experienced firm of tax specialists to ensure your company’s annual tax liability is correct and not more expensive than it needs to be. Letting a dedicated professional take care of your tax computations means that you can concentrate on increasing the turnover being accounted for.
Our team of accountants and partners work with small businesses to ensure they are structured correctly and favourably in terms of taxes. This not only promotes the effective functioning of your enterprise but also promotes tax saving; the ultimate objective of your tax and accounting partner.
Talk to us today about your corporation tax or any other tax items you need to be managed on behalf of your business. We offer a comprehensive range of tax services from VAT to Capital Gains and, of course, Corporation Tax.
Cottons Chartered Accountants are small business accountants with six offices from Northampton to London. Find out more about us and who we work with today.
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