Business Tax for Companies
Every Business needs to calculate its annual charge to tax.
We do this on your behalf and advise you of the amounts to pay and the due dates.
We also file the annual forms with HM Revenue & Customs on your behalf.
Business tax can be split into two distinct areas, those of compliance and planning. This page deals with the compliance parts of the work.
In an age where governments of every hue shy away from announcing anything that remotely sounds as if it is designed to produce a greater tax take, a tool that is increasingly used to generate additional funds is that of penalties. For that reason it is essential that a company keeps it’s affairs up to date and tax paid on time.
As an example, if you happen to operate in the Construction Industry, it is vital that this occurs as failure to do so may jeopardise your ability to be paid gross by your customers. As a leading firm of Chartered Accountants in Essex we aim to assist you in this task thereby allowing you to concentrate your time and efforts on your trading activities.
We monitor deadlines and advise you of what you should be doing and when. Compliance services offered to our corporate clients include:
- Completion of CT41G form to advise HMRC of trading commencement (fine £300 if late)
- Preparation of CT600 Returns (fines start at £100 rising to £1,000 and potentially 20% of unpaid tax)
- Preparation of Form 42 in respect of employee share transactions (fines £300 per reportable event)
- Checking tax statements and advising of payment dates/ amounts (interest chargeable at 7.5%)
The service is provided in Braintree by Mike Carabine and Simon Everitt in Maldon and both have a wealth of experience in advising clients on their responsibilities. If you need advice in this area please do not hesitate to contact them on 01376 326266 or 01621 852191 or allow them to contact you by completing the form below:
Our terms of business relating to business tax are Corporation Tax - updated Feb 2010