Corporation tax is a substantial cost of any profitable business. We offer the expected tax compliance services such as completion of the Corporation Tax Returns and necessary HMRC submissions but also offer a range of services to help you minimise your corporate tax exposure.
With increasingly complex and ever-changing tax legislation, making sure you comply is becoming increasingly difficult. We can relieve the administrative burden of this compliance and through effective tax planning can also have a real impact on your bottom line.
Ever changing regulations and the growing demands of HMRC mean VAT compliance can be a difficult administrative process. To help you manage this complex area, we provide an efficient, cost-effective VAT service, which includes:
- Assistance with VAT registration
- Advice on VAT planning and administration
- Use of the most appropriate scheme
- Help with and submission of VAT returns and compliance with new MTD (Making Tax Digital) legislation
- Planning to minimise future problems with HMRC
Benefits-in-kind & P11D's
The significant difference in tax regimes on company cars means that it is crucial to obtain up to date professional advice to make the right decision. We can advise you on the most tax-efficient company vehicles at the time.
As one of the more common taxable benefits, we can advise you on the most efficient company cars and the tax impact between any makes or models.
There are exemptions and reliefs available, so if you decide to reward staff or introduce new perks to a remuneration package, we can advise on the most efficient strategy.
For many of our clients we prepare the company's form P11D, dealing with compliance matters and timely submission to HMRC.
Research & Development (R&D) tax relief
R&D tax relief is a government incentive for businesses that allows an enhancement of relevant expenditure, with the potential to greatly reduce any corporation tax liability or result in a tax refund.
Businesses from a variety of sectors can make R&D claims and there is no harm in checking if your business is eligible. This is an extremely valuable relief that can put significant cash back into your business and we have aided many of our clients with the process.
Being the subject of a tax investigation by HMRC can be a stressful and worrying experience. With systems at HMRC improving and an increased focus on this area, tax investigations are consequently becoming more frequent. We have a wealth of experience in dealing with HMRC investigations, whether they are enquiries into an individual's tax return under Self-Assessment, or more detailed enquiries into a company tax return or about employer-related investigations such as PAYE, P11D or VAT compliance. If you are the subject of an investigation, we can provide expert help and support as part of a tax enquiry service. See our 'tax investigation service' page in our list of services for more details.
Contact us to discuss your corporate tax requirements.