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We offer the best corporate Corporate Tax Planning & Tax Accountant Services in the UK.  Increased tax efficiency, Potential to reduce your tax liabilities.

Corporate Tax Planning Made Easy with PHS

At PHS, we simplify corporate tax planning to help you manage your finances effortlessly. Our expert team guides you through the complexities of corporate taxes, maximising your savings and minimising liabilities. We provide customised strategies that align with your business goals, handling everything from compliance to strategic planning.

With our support, you can focus on growing your business while we ensure timely advice and accurate calculations. Choose PHS for a smoother, more efficient financial journey.

Why choose us

Expert guidance

Our experienced team offers personalised guidance to help you navigate complex tax laws, ensuring compliance while maximising your tax benefits.

Customised strategies

We create personalised tax planning strategies that align with your business goals, helping you maximise deductions and credits.

Time-saving solutions

Let us take care of the complexities of corporate tax planning, so you can concentrate on running and growing your business effectively.

Proactive support

We keep our attention on tax legislation changes and provide timely updates, ensuring your corporate tax strategy stays effective and compliant with the latest regulations.

Corporate Tax Planning Strategies to Optimise Your Corporation Tax

At PHS, we offer customised corporate tax planning strategies designed to minimise your corporation tax liabilities. Our expert team analyses your financial situation and identifies opportunities for savings. By implementing effective strategies, we help you maximise deductions, take advantage of incentives, and ensure compliance with regulations, allowing you to keep more of your hard-earned profits.

Do I need to pay Corporation Tax?

If your business is registered as a limited company in the UK, you are required to pay Corporation Tax on your profits. This tax applies to all taxable income, including trading profits, investments, and capital gains. However, there are allowances and deductions available that can help reduce your overall tax liability.

corporation tax rates uk

  • Main Rate: 25% for profits over £250,000 starting from April 1, 2024.
  • Small Profits Rate: 19% for companies with profits of £50,000 or less.
  • Marginal Relief: Applies to profits between £50,000 and £250,000, offering a gradual increase in tax rate.
  • Patent Profits: A lower effective rate of 10% for profits attributed to patent exploitation.

When is the corporate tax filing deadline​?

The corporate tax filing deadline is 12 months after the end of your accounting period. For example, if your accounting period ends on December 31, your tax return is due by December 31 of the following year. It's important to file on time to avoid penalties.

By staying organised and proactive about your corporate tax responsibility, you can focus on growing your business without the stress of deadlines or unexpected penalties.

How to Calculate Corporation Tax?

Calculate your corporation tax easily with our expert guide. Start by determining your accounting period and calculating your net profit. Add back non-deductible expenses like depreciation, then apply the appropriate tax rate based on your profits. With the right approach, you can maximise your savings and ensure compliance.

Helpful Corporation tax resources

Need help with Corporation Tax before you pay for our service? We’re here to assist you.

Reduce Corporation Tax Bill

Reducing your tax bill can be complicated. Most people and businesses want to pay the right amount of tax, but they also want to avoid paying more than necessary.

Paying Corporation Tax early

Corporation Tax is a tax on the profits of limited companies, including foreign companies with a branch in the UK. For the tax years 2023/24 and 2024/25, the rate is 18%.

Corporation Tax for a limited company

When you run a limited company, you have several responsibilities, including paying Corporation Tax. It's important to pay this tax on time, as failing to do so could result in a fine from HMRC.

Corporation Tax increase

If you run a business, you might be worried about the corporation tax increase coming in April. The rate will rise from 19% to 25%, but not all businesses will be affected by this new rate.

Tax Credits help limited company

Tax credits are important for contractors and limited company directors for two main reasons. They allow for a protective claim, the income falls low enough to qualify for support.

Donating to charity

Donating to charity is valuable. Even a small contribution from you can significantly impact the lives of those in need. .

Reach us today.

If you want to take your accounting work to the next level, then reach us today without wasting time.

Gives us a Call

0208 8611685

Send me Mail

info@phs-uk.co.uk

Frequently asked questions

Our consulting process Bookkeeping is the process of recording and tracking all financial transactions made by a business. This covers all of it, from purchases and sales to invoices and cash.Bookkeepers ensure that these transactions are organised and summarised into reports that reflect the business's financial health.

In the UK, bookkeepers typically offer a range of services, including Recording Transactions: Keeping track of all financial activities. Invoicing: Creating and sending invoices to clients. Payroll Management: Handling employee payments and deductions. Bank Reconciliation: Making sure that business records and bank statements match is known as bank reconciliation. Tax Preparation: Preparing necessary documents for tax submissions. Financial Reporting: Generating reports like profit and loss statements and balance sheets to provide insights into the business's performance.

Bookkeeping involves the day-to-day recording of financial transactions. It focuses on maintaining accurate records and organising financial data. Accounting, on the other hand, involves analysing, summarising, and reporting this financial data. Accountants use the information gathered by bookkeepers to create financial statements and assess a business's overall performance.

Financial Accuracy: It helps maintain accurate records of all transactions, which is crucial for understanding your business's financial position. Tax Compliance: Proper bookkeeping ensures that you have all necessary documentation for tax filings, reducing the risk of errors or audits. Performance Tracking: Regularly updated records allow you to generate reports that help monitor your business's performance over time. Informed Decision-Making: Accurate financial data supports better strategic decisions regarding budgeting, investments, and growth opportunities. .

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PHS Associates Acc & Co is led by a skilled team with expertise in Accounting, Taxation, Payroll, Business consultancy, and Company secretarial services.

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