Clear support with your company's Corporation Tax.
Help with preparing Corporation Tax calculations, maintaining suitable records, and meeting the company's filing responsibilities.
We'll explain the information required, prepare the relevant figures, and help keep your company's tax affairs organised.
Understand your company's tax position.
Limited companies may need to calculate and pay Corporation Tax on their taxable profits and submit a Company Tax Return to HMRC.
The taxable result is not always the same as the profit shown in the company's accounts. Accounting figures may need to be adjusted according to the relevant tax rules.
We'll help you understand the process and how the final tax position has been calculated.
Corporation Tax support from records to submission.
Our Corporation Tax service may include:
- Reviewing the company's accounting records
- Coordinating the preparation of annual accounts
- Reviewing income and business expenditure
- Considering relevant tax adjustments
- Reviewing purchases of equipment and other assets
- Considering available allowances and reliefs
- Preparing the Corporation Tax calculation
- Preparing the Company Tax Return
- Explaining the amount payable and relevant deadline
- Submitting the return to HMRC
- Responding to routine queries connected with the agreed work
- Helping maintain organised supporting records
The exact work will depend on the company's activities, transactions, and circumstances.
Support for limited companies.
This service may be suitable for:
- Owner-managed limited companies
- New limited companies
- Contractors operating through companies
- Small trading companies
- Growing companies
- Companies with employees or directors
- Companies requiring annual accounts and tax support
- Companies that need help improving their records
Corporation Tax and Annual Accounts
Connected responsibilities with different deadlines.
The company's annual accounts provide the starting point for calculating taxable profits.
However, Companies House accounts and the Company Tax Return are separate submissions, and the payment and filing deadlines are not identical.
A company will generally need to:
We'll help you understand which responsibilities form part of the agreed service.
- Prepare annual accounts
- File the relevant accounts with Companies House
- Calculate the Corporation Tax liability
- Pay Corporation Tax by the applicable deadline
- Submit a Company Tax Return to HMRC
Maintaining Suitable Records
Clear records support an accurate calculation.
Relevant information may include:
Keeping company and personal transactions separate is particularly important.
- Sales and other company income
- Business expenses
- Bank and credit-card records
- Payroll information
- VAT records
- Loan agreements
- Asset purchases and disposals
- Director transactions
- Dividends and shareholder information
- Amounts owed by customers and to suppliers
- Previous tax information
O.R Perspective
Corporation Tax should be considered before the payment deadline.
Waiting until the return is due can leave limited time to understand the company's position or prepare for the amount payable.
Maintaining current records and reviewing performance during the year can make the year-end calculation clearer and reduce unexpected questions.
A clear Corporation Tax process.
- 1
Provide Your Company Records
We'll explain the accounting and tax information required.
- 2
Prepare the Figures
We'll review the records and prepare the relevant accounts, adjustments, and tax calculation.
- 3
Explain and Submit
We'll explain the main figures and payment deadline, then submit the return once approved.
Related Services
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Prepare the company's statutory year-end accounts.
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Maintain clear company records throughout the year.
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Manage salary calculations and reporting for directors and employees.
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Review company performance more regularly during the year.
Explore Management AccountsKeep your company's tax affairs organised.
Whether your year end is approaching or you need ongoing support, we'd be happy to discuss your company's requirements.