Home » Services » Business Accountancy Services » Business Tax for Companies

Business Tax for Companies

We will identify the taxes likely to affect your business and make sure that you have effective systems for keeping financial records and complying with your tax obligations.

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.

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 its 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%)

Our terms of business relating to business tax are Corporation Tax – updated Feb 2010.

We also file the annual forms with HM Revenue & Customs on your behalf. 

Get in touch today

Contact us today to find out how we can help and let us provide a tailored quotation suitable for your business.

Meet the experts

Paul Short  BA(Hons)FCA CF

Paul Short BA(Hons)FCA CF


Email me >

Nigel Whittle FCA CF

Nigel Whittle FCA CF

Senior Partner

Email me >

Related Guides

Interest and Tax Payments

HMRC charges interest on underpayments of tax, and pays interest (repayment supplement) on overpayments. The rate of interest paid on overpaid tax is lower than the rate charged on underpayments, and interest rates are adjusted frequently in line with commercial...

Related News

Increasing your Cashflow

We are all aware of the importance of maintaining a positive cashflow from month to month if we are to avoid a liquidity crisis and all the misery that entails. But there is a lot more to cashflow management than simply avoiding crises. Actively striving to increase...

Get in touch today

Contact us today to find out how we can help and let us provide a tailored quotation suitable for your business.