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Are You A Limited Company Owner? Get Help with Corporation Tax Returns with our Experienced & Dedicated Accountants.
A Corporation tax return is a return filed by Companies or associations to declare their profits, spendings and corporation tax figures to HMRC, usually once a year. It is essential for all active UK companies to file their corporation tax return before the deadline to meet its legal obligations and to avoid late penalties. Many time changes have been done to Corporation tax reliefs and rates on an annual basis, therefore you need to make the most of the allowances, exemptions and deductions to reduce your Corporation tax liability.
Corporation tax accounting experts at DNS Accountants are specialised in filing Corporation tax return and also help small businesses in reducing their corporation tax liability. Our experts are specialised in handling all aspects of technical tax and guide you on the same by making use of allowances, exemptions and deductions you may not even know about. DNS Accountants corporation tax experts spend time with you, take adequate steps to reduce your tax liability and pave the way for business growth and development.
A Company never wants to pay their corporation tax after the deadline and give an invitation to the penalties imposed by HMRC. It can only be possible if a company should know about every deadline concerning Corporation tax return. A Company usually need to file a corporation tax return 12 months after the completion of the accounting period. If your Company make a loss or have no corporation tax to pay, still you need to file Company tax return to HMRC. The deadline for paying Corporation tax is usually 9 months and one day after the completion of the accounting period.
There is no bill provided by HMRC for corporation tax, and you need to work out, pay and report your tax to HMRC on your own. Our corporation tax experts at DNS accountants not only calculate your corporation tax but also pay and report the same to HMRC much before the Corporation tax return deadline to ensure that there will be no penalties and you will remain compliant by fulfilling all your legal obligations.
DNS Accountants follow every deadline specified by HMRC to submit corporation tax return starting from your corporation tax registration, working out your taxes To paying and reporting the same to HMRC at the end.
In case your accounts cover a period of fewer than 12 months, still it matches the corporation tax period, but if your accounts cover a period of more than 12 months, then there will be two corporation tax accounting periods, and you have to file two company tax returns to HMRC –
It may happen with many of the small businesses that they get confused while submitting Corporation tax return when it is for a shorter period or a longer one but no need to worry as our expert tax accountants has specialisation in handling such cases and will calculate your corporation tax and file your return accurately and without any hassle.
In the case of Corporation tax return, you need to file tax on the profits you earned from doing business, investments and capital gains. Companies that are based in the UK needs to pay Corporation Tax on all its profits they earned from the UK and abroad. In contrast, Companies whose offices are not based in the UK and having a branch here, they only need to pay corporation tax on profits from their UK activities.
Company tax return depends entirely on the profits and losses made by the Company. Still, these need to be adjusted before the tax filing deadline so that you don’t have to face any penalties going forward and everything will get sorted in good time. The Company tax return must include a calculation of tax disclosing the adjustment of profits in your financial accounts to work out the taxable profits.
Some businesses try to save their money on professional fees and ignore the assurance, skills and experience of an accountant but sometimes it may lead them into a big problem. You must contact a corporation tax expert to get things done most efficiently. Our experts at DNS Accountants check your Corporation Tax filings with the help of efficient internal systems and HMRC Compliant software “Nomisma”. DNS Accountants remain up to date with all the latest rules and regulations and never miss any HMRC Corporation Tax return deadline. You will get every update concerning Corporation tax well in advance from us, which helps in reducing your stress level, and you can easily focus on other important business aspects.
If you do not file your company tax return before the deadline, you will have to pay penalties to HMRC –
Other than delay in filing Corporation tax return, there are certainly more things which you need to take care of while filing your corporation tax return to avoid penalties. Any wrong information on Company tax return may put you in a big problem which could lead to even high penalties. Our expert tax accountants can also help you in amending the corporation tax return if you have already missed the deadline. DNS Accountants assure that your corporation tax return will be submitted to HMRC on time and much before the deadline. You don’t have to care about the penalties as you will not face it till the time you are associated with us.
Get in touch with our experts by giving us a call or sending us an e-mail and find solutions to your questions/queries in the best possible time.
Chat with one of our experts online and share your business needs and requirements in order to get a better idea of what suits you the most.
We always believe in controlling our fees and making new business relationships with no hidden cost. We don’t take any charges for tips & advices.
I recently starteed my own company and in need of a good accountant. With my friends reference, I started DNS accountancy services and I am a quite satisfied with their service. My account manager Sneha Gurudutta was always responsive and guided me a lot especially during my company early days. Keep u the good work.
I have been DNS for the last 3 months and I am very happy with the service. My account manager Sneha Gurudutta guided me and helped me with all the major/minor steps with the account setup. The weekend support they provide is really helpful. I would definitely recommend DNS to all my friends.
Unfortunately my son passed away without leaving any contact name of his accountant. I was able to make contact with the firm through HMRC. The staff were very prompt, caring and supportive in settling his income tax account. I was extremely impressed with the efficient caring and supportive service received from all of DNS staff.
Been with DNS Accountants for more than a year I would highly recommened their services. My account manager Sneha has been very helpful and helped with accounts and queries swiftly always! Having a good accountant means you can fully focus on your business, not worry about accounts and tax matters. Thank you DNS :-)
I have been extremely satisfied with the service I have been receiving close to past 1 year. Very professional, transparent and helpful. Special mention of my Account Manager Minakshi Arora who made my transition very smooth and always ready to go that extra mile to support and make customer happy. Definitely recommended.
I've recently set up a Ltd. Company and signed up with DNS for my accounting services. I've found it very good value for money and hugely helpful in terms of advice and guidance. I have a named Account Manager, Sneha Gurudutta, who keeps in contact with me and offers advice on line and on the phone... I'm really pleased with the service.
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