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Corporation Tax Services
Making Your Corporation Tax Filing Easy
Corporation tax is applied to the profits earned by limited companies and co-operatives such as sports clubs. To manage it, you are required to register with HMRC, get calculations done, and file before the 12-month deadline, which requires time and expertise, which will be in short supply. In such situations, our corporation tax service comes in handy.
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How Does Corporation Tax Works in the UK?
Unless you understand the working of corporation tax in the United Kingdom it will be difficult for you to gain the maximum benefits from it. Hence, it is important to understand a few things such as the current corporation tax rate in the UK which is 25%, this rate applies to companies that make profits of 2,50,000 GBP and above. Secondly, companies earning profits less than 50, 000 GBP will have to shell out 19% corporation tax. Lastly, those who earn profits between 50,000 GBP and 2,50,000 GBP will be eligible for some relief in corporation tax.
Our Corporation Tax Service in UK Includes:
CoxHinkins will help you streamline corporation tax calculations and payments, thus benefiting your business. We employee specialist in corporation tax who understand the UK tax system inside out. Our specialist will provide you with a wide range of support and ensure that your business is following the current regulations.
Some of our key tax services include:
Our custom-made solutions ensure that directors follow personal tax obligations while optimising tax efficiency.
We offer expert advice and preparation services to shareholders so that they can navigate their tax returns, thus ensuring maximum benefits and low liabilities.
Get complete support while preparing for capital gain tax. This service will help you understand the impact on your financial decisions, thus reducing your tax burden.
You must be investing a considerable amount into research and development and through our R&D Tax Credit Claims you can claim benefits. This service will help identify the best of your R&D activities and help in your application process thus promoting innovation in your company.
Under this service, we will ensure your assets are protected and inheritance tax liabilities are at their minimum
Benefits From Our Corporation Tax Services
The success of your business depends on how well you can calculate and pay your corporation tax. However, keeping tabs on various aspects of corporation tax, such as rates, calculations, and compliance, is quite time-consuming and strenuous for your finance and in-house team. Also, there is a chance of making an error due to a lack of knowledge regarding corporation tax and its rates. Therefore, it is essential to have access to experts via service providers such as CoxHinkins.
Our corporation tax services are geared up to offer maximum benefits, which are as follows:
Our customised advice will help you reduce your additional tax burden, allowing you to enjoy maximum tax relief.
Our team of accountants will handle your tax filing on your behalf, thus saving you from the stress of tax filing. We will free up your team's time, which can be redirected toward improving services and expanding business.
By making informed decisions, you will be better positioned to manage your business. We can help you with that by providing insights into your tax position and its effects on your operations and finances.
Our accounting team will help you in navigating the complex UK tax system. Our Corporation Tax services will ensure your tax returns are precise, compliant, and submitted on time.
Make informed decisions after taking our expert advice so that you can secure your assets and reduce your liabilities.
Why Choose Coxhinkins Corporation Tax Services
Exceptional talent is required to handle corporation tax-related tasks, including registration with HMRC, calculations based on your accounting records, and filing before the 12-month deadline. Such tasks require experience and time, which will be in short supply. Hence, it is essential to get outside help in the form of expertise. For this reason, it will be beneficial to approach CoxHinkins and avail of our Corporation Tax Services.
Frequently Asked Questions
- Claim every business expense you're allowed.
- Don't forget to pay yourself a salary.
- Go shopping.
- Surprise HMRC with an early payment, and they'll owe you interest.
- Donate to charity.
- Explore government tax relief schemes.
Corporation Tax will remain unchanged, so starting April 2025, the rate will stay at 25% for companies with profits over £250,000. The 19% small profits rate will be payable by companies with profits of £50,000 or less.
The current corporation tax rate is 25%, rising from 19% in 2023. However, not all businesses need to pay at this level. If your business made more than £250,000 in profit this tax year, you'll have to pay the full primary rate of 25%.
Dividends do not reduce your company’s corporation tax bill. Companies pay corporation tax on their profits before the dividends are paid.
