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Corporate Tax Accountant

Corporation tax is by no means simple. 

Maintaining accurate accounting records, tracking recent changes to tax rates and thresholds, and checking everything has been expensed correctly. It’s enough to make your head spin – especially when you have hundreds of other tasks. 

That’s why it pays to have an experienced corporate tax accountant on your side.

At A&C Chartered Accountants, we’ll make sure you’re fully compliant with the latest rules, report and pay on time, and take advantage of all available tax reliefs along the way. With just under three decades worth of experience, we’ll guide you through the entire process from start to finish.

Contact us today to arrange a free consultation. We’ll review your company’s needs and provide corporate tax advice that keeps you on track and penalty-free.

How can we help?

In the UK, corporation tax is charged on a company’s profitable income. Income could come from providing a service, selling products, or making investments. Essentially, any trading activity that generates profits for your company is within the scope of corporation tax.

It doesn’t matter whether you’re a startup, SME, or multinational, every business operating in the UK must submit an annual company tax return and pay corporation tax (if they make a profit).

But there are nuances. For example, depending on your total profits, you may apply a different tax rate. And there are plenty of opportunities to offset your revenue and reduce your corporation tax bill.

That’s where we come in. We provide a range of corporate tax services to businesses of all shapes and sizes, from solo-director limited companies to fast-growing startups and beyond, including:

All in all, we understand the stress and time involved with running a business. By taking care of your company tax return, we take a huge burden off your shoulders. So you can focus on more important tasks, safe in the knowledge that your company accounts have been submitted accurately and on time by a team of experienced, qualified accountants.

Why choose A&C for corporate tax advice?

Three decades of experience

We're an ICAEW Chartered Accountant with nearly 30 years of experience. You can expect genuine expertise and tailored advice for your company.

Personal, family-firm

As an independent, family-owned firm, we treat your business as if it were our own. That's why our clients stick with us as they grow from startup to market leader.

Hundreds of 5-star reviews

We're proud of our work and the kind feedback we receive from our clients. Check out our reviews and testimonials to see what makes us so well-placed to help you.

Free initial advice

Book a consultation with our team to get free, no-obligation advice on your corporation tax liabilities and potential savings.

Plus, we’re a Xero Gold Partner. Not only does this mean we’re a whizz with cloud accounting, making reporting and other business processes much easier, but it also means there are extra benefits that you, as our client, can access – like 24/7 support from the Xero Customer Service team.

FAQs

What is the current corporation tax rate?

Currently, the main rate of corporation tax is 25%. However, if your limited company has made a profit of less than £50,000, you’ll qualify for a reduced rate (19%). There is also a marginal relief system for businesses with profits between £50,000 and £250,000, providing a bridge between the reduced rate of 19% and the main rate of 25%.

Is my business liable for corporation tax?

It depends. For example, partnerships and sole traders do not pay corporation tax as they pay through income tax instead. Meanwhile, all limited companies, including international businesses with UK operations, are liable.

How is corporation tax calculated?

Corporation tax is calculated based on your company’s profits. First, simply deduct all allowable business costs and expenses from your annual revenue to determine your profit before tax. Then, apply the applicable rate to calculate your corporation tax bill.

When is corporation tax due, and how do I pay it?

Corporation tax is due 9 months and 1 day after the end of your accounting period. You can pay directly through HMRC’s online services portal.

What records do I need to keep?

You must keep records of all business income, expenses, assets, and liabilities. This is easier to do these days, now much of that information can be stored by cloud accounting software, such as Xero. These records form the basis of your tax returns and should be retained for six years after the end of the accounting period.

What reliefs or allowances can my company claim?

There’s a range of different reliefs and allowances a company can claim to offset their corporation tax bill:

  • Capital allowances on equipment, machinery and vehicles
  • Research and development (R&D) relief
  • Creative industries relief
  • Trading losses
  • Disincorporation relief
If you think some of these may apply to your business, get in touch and we’ll guide you through the process of making a claim.

Are there any other ways to reduce my bill?

Yes, absolutely. You can invest in allowable expenses to reduce your profits for the financial year and thus your corporation tax bill. There’s a balance to be found – most business owners and shareholders want to keep some profits for dividends and financial security. Yet, there can be a benefit to re-investing excess cash into your business, staff, pensions, and so on. We can advise on the best approach.

Do I need an accountant?

No, legally, you don’t need an accountant to manage your corporation tax but having an experienced tax team on hand can be a huge help. It can save you time and ease the stress of sifting through financial records.

Plus, with our help, you’ll have the peace of mind that you’ve met all compliance requirements, made the most of any opportunities to reduce your tax liability, and submitted everything correctly.

Contact us

We offer a free consultation for all new clients – either over the phone or in person. To get started, fill in the contact form or call us on 0161 962 1855 to speak to our corporate tax accountants.

“We have been working with A&C for about 12 years across a dozen business ventures spanning a range of sectors. From day one, the entire team has been a keystone in our success, providing exceptional service and advice covering every aspect of accounting, payroll, investments and business advice. Quite literally, the team at A&C feel like extended members of our internal teams, and it’s always a pleasure to be working alongside them. Highly recommended.”

Andrew Langhorn, Magnet Monster Ecommerce

What happens next?

Schedule a call

Call, email, or book your free consultation. Tell us as much as you can about you or your business, so we can fully prepare for our meeting and understand your needs.

Make an action plan

One of our team members will get in touch within 24 hours to discuss your needs. We focus on your priorities and deliver the support you need, precisely when you need it.

Do less, earn more

We remove the barriers that hold you back, so you can focus on your strengths. Discover the true potential of your business and see how your finances can drive impactful results.

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