Corporation tax considerations
After establishing your revenue minus your expenditure, the process of corporation tax calculations can begin as adjustments to your profit figure are made.
These adjustments are made to ensure that you do not pay more corporation tax than you need to, and our experience and attention to detail are key as we seek to save you substantial sums of money that you simply need not be paying.
For example, capital allowances that cover machinery, computers, vehicles and equipment can be deducted from your profits. Similarly, the annual investment allowance (AIA) and enhanced capital allowances (ECA) provides a higher rate of relief for certain assets. Particular features and alterations of business premises must also be carefully considered.
While chargeable gains must be taken into account where a business has sold assets for more than it paid for them, there is also tax relief available for research and development and for businesses that work in the creative sector.
More from Financial Planning
We offer a complete solution to clients. As well as completing your return, we use our knowledge of your individual circumstances to provide you with proactive advice and help you to minimise your tax burden.
Our knowledge of trust and tax law and of its practical application has enabled us over many years to establish a large and well respected trust department, making us one of the leading practices in the area offering such a specialised service.
Our Corporation Tax Returns Team
- Audit and Accountancy
- Tax and Estate Planning
- Business Advice and Support
- Corporate Finance
- Independent Financial Advice