Corporate tax Beckenham
We offer a professional and competitive corporate tax returns service for businesses. For full accounts service (which includes corporate tax service as well) please see the company accounts service.
Usually you will be required to provide the:
- records of your company’s income and expenses
- bank transactions
- fixed assets invoices, or
- other relevant documents.
We offer a professional and competitive corporate tax service for businesses in Bromley, London, Kent and nationwide. If you need us to prepare the full accounts, please see the company accounts service. Tax planning is included in the corporate tax service at no extra cost. We will help you claim all the available tax reliefs for your business, and to pay the minimum amount of corporate tax required by law. We can advise you in all areas of taxation, such as Business tax, Income tax, Property tax, Inheritance tax, Capital Gains and many more.
Is trading as a company the best option?
Despite the dividends tax changes still it is better to trade as a company than as a sole trader or a partnership. However, the tax saved by incorporation compared to being unincorporated is now lower than before. Corporate tax rate is 20%, while the income tax rate can go up to 45%.
Other non-tax advantages of incorporation
- Limited liability
Operating as a company normally provides limited liability. However, banks before agreeing loans would often require personal guarantees from the company directors. The director is not usually liable to company creditors.
- Legal continuity
A company is separate from its owners/shareholders and will enjoy legal continuity as it is a legal entity in its own right.