Service
Business tax returns prepared with the reliefs actually considered.
Corporation tax computations and CT600 filings for limited companies, and SA800 returns for partnerships, prepared from your accounts and checked against the allowances available to you.
- CT600 preparation and filing
- Capital allowances review
- Payment dates confirmed in advance
Overview
What the return covers
A company tax return is not simply the accounts in a different format. Profit for accounting purposes and profit for tax purposes are different figures, and the computation that bridges them is where the detail sits: disallowable costs, capital allowances on equipment, treatment of losses and any reliefs the company qualifies for.
For partnerships, the partnership return reports the business result and allocates it between the partners, who then report their share on their own Self Assessment returns. Getting the allocation right matters, because an error there flows straight through to several personal tax positions.
What you get
What is included
The tax work that follows on from your accounts, handled end to end.
Tax computation
A full computation reconciling accounting profit to taxable profit, with each adjustment identified rather than lumped together.
Return preparation and filing
CT600 and supporting schedules prepared and filed with HMRC in the required format, or an SA800 for a partnership.
Allowances and reliefs review
We check capital allowances on equipment and vehicles, treatment of losses and any reliefs your activities may qualify for.
Payment guidance
You are told what is due and when, with enough notice to plan for it, along with the reference needed to pay.
Correspondence handling
Routine HMRC correspondence about the return is dealt with on your behalf where you have authorised us to act.
More detail
Where careful work makes a difference
Most of the value in a tax return comes from the questions asked while preparing it. Was that vehicle purchase treated correctly? Has the cost of equipment bought late in the year been claimed in the right period? Are there losses brought forward that should be used now rather than carried further?
Areas we look at as standard
- Capital allowances on equipment, fixtures and vehicles
- Treatment of leased and financed assets
- Disallowable expenditure such as entertaining and certain penalties
- Loans to and from directors, and the tax consequences of each
- Losses brought forward, carried back or surrendered
- Whether any activity in the year may qualify for a specific relief
Honest about what we do not do
We prepare returns carefully and claim what a business is properly entitled to. We do not promote artificial arrangements or schemes designed purely to reduce a tax bill, and we will tell you plainly if something you have been offered elsewhere looks like one.
Where a question genuinely needs specialist input, for example a complex group reorganisation or an international element, we will say so and help you find the right adviser rather than guessing.
Process
How it fits with your accounts
The tax return follows straight on from the year-end work, using the same set of figures.
Step 01: Accounts finalised
The return is built on approved accounts, so the two always agree.
Step 02: Computation prepared
We produce the tax computation and identify the adjustments and claims that apply.
Step 03: Figures confirmed
You see the tax position and the payment date before anything is submitted.
Step 04: Filed with HMRC
The return is submitted and you receive copies together with payment details.
Questions
Common questions
If something is not covered here, ask us directly and we will give you a straight answer.
Not necessarily, but the return has to be based on a reliable set of accounts. If another firm prepares those, we can work from them, though we will review the figures before we file anything in your name.
A return is still required. Losses can often be carried forward against future profits, and in some circumstances carried back or used elsewhere. We will explain the options and use the treatment that suits your position.
Tell us early. HMRC has arrangements for spreading payment in some circumstances, and approaching them before the due date is considerably better than waiting for a demand. Interest is generally still charged, so it is a timing solution rather than a discount.
The partnership files a return reporting the business result and how it is shared. Each partner then includes their share on their own Self Assessment return. We usually prepare both so the figures tie up.
Know your tax position before the deadline.
Get an indicative monthly figure for accounts and tax work combined, in about two minutes.