• Cheltenham 01242 241998
  • London 020 7118 4422

CORPORATION TAX

The Corporation Tax regime is complex and it is essential that Corporation Tax is calculated correctly and the right relief and allowances claimed.

At Tax Compute we will:

  • Prepare the Accounts for Corporation Tax
  • Calculate your Corporation Tax
  • Calculate business relief and capital allowances
  • Advise on the impact of Director's loans and asset sales
  • Calculate Payments & Refunds

If you are setting up a new company we will set up a private limited company for you and advise all the issues getting started including your first set of accounts and company tax returns and the accounting periods for Corporation Tax.

Corporation tax is a tax placed on the taxable profits of limited companies and other organisations such as clubs, societies, associations, and unincorporated entities.

Corporation Tax

TAX RETURNS

We carry out an analytical review and quality checks before submitting your tax return. We ensure compliance and timely submission.

MANAGEMENT ACCOUNTS

Management accounting is a profession that involves partnering in management decision making, devising planning and performance management systems and providing expertise in financial reporting and control to assist management in the formulation and implementation of an organization's strategy.

VAT RETURN

The VAT return shows the calculation of the amount of VAT due on sales minus the amount of VAT reclaimable on purchases. The result is the amount payable to HMRC.

BOOK KEEPING

Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business. Transactions include purchases, sales, receipts, and payments by an individual person or an organization/corporation

PAYROLL

Within a company, payroll is the combination of all of the financial records of their employees' salaries, wages, bonuses and deductions. In accounting, the term payroll signifies the amount that has been paid out to employees for the services they have done for the organization within a certain period of time

CORPORATION TAX

Corporation tax is a tax placed on the taxable profits of limited companies and other organisations such as clubs, societies, associations, and unincorporated entities.

COMPANY FORMATION & BUSINESS START-UP

You can register online with Companies House if your company is limited by shares and uses standard articles of association (known as 'model articles'). Otherwise, you must use a different method of registration. Your company will also need to register for Corporation Tax within 3 months of starting to do business

CONTRACTORS & FREELANCERS

Working outside the scope of IR35 and knowing what is claimable are the two most important issues when freelancing or contracting.