Tax4 min read
Corporation Tax services & strategy
Corporation Tax is more than just a filing obligation: it’s an opportunity. We help you comply, plan and optimise, making the most of available allowances and reliefs, while avoiding surprises or penalties.
Key dates
- 9 months + 1 day
- after your accounting period ends, pay your Corporation Tax
- 12 months
- after your accounting period ends, file your Company Tax Return
- 3 months
- to tell HMRC your company has become active
What we do
What’s covered
Compute your Corporation Tax liability and make sure all deadlines are met
Propose tax planning strategies (e.g. capital allowances, R&D reliefs, group relief)
Forecast future Corporation Tax obligations in your growth plans
Review whether your company structure is efficient from a tax perspective
Liaise with HMRC on assessments, enquiries or correspondence
Provide tax projections as part of your management reports
Who it’s for
Who it’s ideal for
- Limited companies
- Growing businesses considering reinvestment, capital expenditure or restructuring
- Businesses needing tax certainty for strategic decisions
See everyone we help.
Why it matters
Why it matters
- Make sure your business isn’t paying more tax than it needs to
- Avoid late filing or payment penalties
- Integrate tax strategy into your financial decision-making
- Safeguard cash flow by planning tax payments in advance
How it works
How it works
Book a free consultation
Face-to-face, by video call or remote support: whatever suits you.
Get a clear quote
Clear, fair quotes, with fixed fee options where possible. No surprise bills.
We handle the deadlines
We compute your liability, meet every filing and payment deadline and liaise with HMRC.
What are the key differences between a sole trader and a limited company?
A sole trader operates their business personally, bearing unlimited liability, whereas a limited company is a separate legal entity, offering limited liability protection. Taxation differs: sole traders pay Income Tax on profits, while limited companies pay Corporation Tax on profits and may distribute income via dividends. Choosing the appropriate structure depends on factors like income level, risk, and long-term business goals.
How do I decide between being a sole trader or forming a limited company?
The decision hinges on factors such as projected income, risk exposure, and tax efficiency. For instance, higher profits may make a limited company more tax-efficient due to lower Corporation Tax rates compared to higher Income Tax rates for sole traders. It’s advisable to consult an accountant to assess your specific situation: contact us.
What happens if I miss a tax deadline?
Failing to meet tax deadlines can result in penalties and interest charges. For instance, a £100 penalty is imposed for a late Self Assessment return, with additional penalties accruing over time. It’s crucial to submit returns and payments on time to avoid unnecessary costs.
Further reading
From our blog
Plan your Corporation Tax with us
Contact us to review your current tax position or to plan tax strategy into your next business cycle.