Business accounting offers valuable insights such as whether your sales price margins are set appropriately and how the latest performance compares to last year. Movements in sales and expenses are laid bare, allowing you to make better decisions in the future. Anomalies are highlighted and can then be investigated. These details and much more are provided by your year end accounts, helping drive business success.
We can assist with the preparation of business accounts, company tax returns and tax computations. As business tax accountants, you’ll receive expert advice on any tax planning areas that may benefit you and your company.
If your company is liable for corporation tax, you must calculate how much profit your company makes for each accounting period and how much corporation tax is payable on those profits.
This information must be reported to HMRC on a corporation tax return form. In addition, business accounts and tax computations must be submitted to HMRC in support of your company tax return. As your business accountant, our team ensures that your accurate information is submitted in good time, minimising your business tax liability.
There are strict penalties for filing late returns and interest is charged on tax paid late, so it is important that the deadlines are adhered to. The timing of your company tax return submission and business tax payments are determined by your company's annual accounting date.
We can assist in completing your tax return, calculating your tax liability, filing the return online and liaising with you on the amounts to be paid and when they are due.
As part of the above service, we can analyse your tax return to see if any tax savings can be made and we can also review the form to see if there are any anomalies that need to be addressed before the return is submitted.
Contact us to discuss how we can take away the accounting and tax burdens so you can focus on what you do best.
Hancock & Hastings Limited
4 Carlisle Close, Dunstable, Beds, LU6 3PH, United Kingdom
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