Corporation Tax Return Services & Consultant

WHAT IS CORPORATION TAX

Corporation tax is the official tax you pay as a company business or organisation. It is based on your profit and loss account for your year of trading and should be submitted and paid annually to the tax authorities.

It’s useful to think of a corporation tax return as self assessment tax for companies. However, unlike self assessment tax paid by sole traders and small businesses, corporation tax has no universal deadline date. The deadline is based on the life cycle of your corporation.

Submitting an annual corporation tax return can be complex and time consuming. It can also be costly if you don’t know how to legally reduce your tax bill or take advantage of incentives. A company tax return consultant can help you get it right.

WHY YOU NEED TO FILE CORPORATION TAX

Corporate income tax returns are subject to tax laws the same as sole traders and individuals in employment. If you run a limited company it is your legal responsibility to submit a corporation tax return and settle your tax bill annually. This payment will be made in line with your company’s life cycle.

To submit a tax return legally and through the proper channels you must first register for corporation tax. For sole traders and partnerships this involves self assessment, but limited companies should register at Companies House.

To keep your company legally operating you need to file for corporation tax within three months of starting the business. This means three months of taking profits. It also includes advertising the business or renting property.

HOW TO FILE CORPORATION TAX

The process of filing a company tax return online can be straightforward or challenging; it depends on the complexity of your business. In some cases it’s very simple and can be done online without too much effort. However, money can be saved where you least expect it.

These days most companies file their corporation tax online using the government gateway services. This is an efficient and user friendly way to submit your annual return. Without some professional advice however the chances of overpaying your annual tax are high.

By working with an accounts management company you can identify those areas where you could potentially save on corporation tax and benefit from legal loopholes and government incentives. These opportunities are easy to kiss and cost your money. 

THE BENEFITS OF AN ACCOUNTING SERVICE

While you can understand and submit your corporation tax independently the chances of you benefiting fully from loopholes and government incentives are low. Unless you have a knowledgeable accounting agency on your side you will pay more than you need to in annual corporation tax. That’s money that can be reinvested in your business and contribute to growth.

WHY YOU SHOULD WORK WITH ZUIZZ

Zuizz are a professional accounting organisation with years of experience helping corporations to save money and stay legal. Our accountants are fully trained in corporation tax practices and know how to submit your return efficiently and profitably, leaving you to run the business without the burden of financial accounting.

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    ADDRESS

    63739 street lorem ipsum City, Country

    PHONE

    +12 (0) 345 678 9

    EMAIL

    info@company.com