Limited companies are subject to corporation tax on their profits each year. Unfortunately, it is not as straightforward as taking a percentage of profits and paying it over to the tax man, there are allowable expenses, disallowable expenses, and capital allowances which all need adjusting for.
Sound complicated? Let us do the hard work for you and make sure your business does not pay too much tax on its profits (after all more tax is less profit for distribution to you!).
In conjunction with the preparation of your annual accounts, we will be happy to complete your corporation tax return on your behalf and provide you with a calculation of the tax due.