Corporate tax

Limited companies must submit a corporation tax return to HMRC once a year, even when there is no profit and no tax to pay. With penalties for late filing, company directors have the added pressure of ensuring everything on the return is correct, especially if they want to avoid paying more in tax than they have to. What doesn’t help is how complicated they can be to fill out.

At Moffatts, we can take the whole weight off your shoulders, from calculating profit and loss to preparing and filing the actual return. Having worked with many companies over the years, of all sizes, we’ve prepared what feels like countless returns. That experience means that not only are we accurate but we’re also timely, turning around corporate tax returns with total efficiency.

We’ll also help you claim any tax relief and allowances that you might be entitled to. Business expenses are deducted from your taxable profit so taking the time to identify them all can reduce your tax bill significantly. Tax credits, such as for research and development, can also make a big difference. Accurate corporation tax returns are only possible with good bookkeeping and annual accounts, which we can also help with, throughout the year.

Our work doesn’t stop there. HMRC often comes calling with follow-up queries about corporation tax returns – and we’re more than happy to answer their questions on your behalf.

Get in touch with us to discuss how we can help with your corporation tax returns.