Corporation tax is and always will remain a major part of a Limited Company's trading costs.

 

It is the increased reporting obligations, through investigation policies imposed by the tax authorities the use of iXBRL and tough penalties for non-compliance that means more time and resources are taken up collecting revenue for the Government - not by HMRC but the taxpayer.

 

We look to assist you and your business by completing and filing business tax returns as well as preparing and submitting end-of-year payroll Tax Returns, all in proven and approved electronic format.

 

As part of this service, we can help you with determining the most tax effective structure for your business by taking full advantage of tax opportunities and reliefs.

 

Of particular relevance are the reduction in the Annual Investment Allowance bands and the restriction in the definition of "qualifying assets" which has reduced the ability of a business to recover the cost of investment in assets. For more detail please click here to view our Infozone article.

 

Typically the still relevant as ever question of salary vs. dividends - the impact of that decision on the state pension entitlement and company pension entitlement.

 

Does your business if a consultancy, or similar operation, falls within the IR35 trap - have you seen or read the new goal posts on this one!