There are a vast plethora of taxes that impact companies in the UK. Simply described in the round as ‘Corporate Taxes’ these include corporation tax itself (ie. the taxation of profit), capital allowances, R and D tax credits, tax on benefits in kind including company cars, employment related securities through to many other taxes that touch your business.
Engaging specialist tax advisors with many years’ experience of planning and mitigating the cost of corporate taxes is fundamental, especially given the wide ranging subject matter. Our clients expect us to be able to offer advice and planning in all these areas, as they know they will encounter most of them at some point during their corporate life.
Our clients benefit from us being able to deliver comprehensive guidance on many tax matters be they the chargeable gains tax treatment for asset disposals, property acquisition and disposals and their capital allowance impacts, the selection of a company car, issuing options under the EMI scheme or claims to R & D tax credits. Whatever they are, there is very high chance we have dealt with a similar issue before and can advise clients clearly and quickly as to what to do. There is no doubt that our 6 tax partners and their extensive team of tax professionals can handle all your needs.
Don’t let your tax affairs get out of control! With corporation tax, you need to think ahead.
When you start up a business, if you decide to form a limited company, you will need to assess your business for corporate tax. This essentially examines your profits for the previous accounting year and calculates your tax liability based on these profits.
At Barnes Roffe we can take care of your annual tax compliance, as well as advise you on the best use of reliefs and allowances available.
Even small companies can benefit from tax planning advice – for example, with changes in capital allowance rules it is important to consider matters such as timing of asset purchases.
We have a dedicated tax team who can advise on all areas of corporation tax, from capital allowances to more complex strategic considerations, accounting for tax across a group, or specialist areas such as Research and Development tax credits
Whether you are worried about the cost of your small business tax or are more interested in learning about how corporate tax works, we can help you. At Barnes Roffe we are can provide you with the tax help, advice and support you need so that you can effectively work out the profitability of your business and make sure you receive the right tax deductions on all your tax liabilities.
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