Corporate Tax and Returns
Tax planning when looked into effectively could potentially save your family or businesses thousands of pounds.
Our team of tax advisors are in a position to tell you everything you need to know about protecting your assets from the HM Revenue and Customs. Tax planning has become evidently more and more important due to the government’s decision to freeze a vast amount in lifetime exemption without increasing it, so our consultants are always on hand to break down the ins and outs and assist you in planning effectively for the future.
Helping you with corporate tax responsibilities
Our tax return services including the completion of tax returns and statutory obligations are extremely important jobs and the accountants that we have on board are more than capable of completing the relevant forms and in turn advising you on your tax position and liabilities, however at Saul Fairholm our tax advisor’s go that one step further and help you to fully maximise your tax planning opportunities. The ultimate goal of tax planning is to arrange your financial affairs in such a way so as to minimise your taxes.
How corporate tax works
The Corporation Tax main rate from 25% for companies with profits over £250,000 together with the small profits rate of 19%. The small profits rate will apply to companies with profits of not more than £50,000, with marginal relief available for profits up to £250,000.
As your advisors, we would ensure that you are fully up to date with matters involving corporation tax for small companies so that you can forward plan any changes in legislation or circumstances that affect your tax rates.
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