Corporation tax is the tax that companies and other ‘corporate bodies’ pay on their profits from trading and investments, and as such it can significantly reduce the amounts that are available to distribute to stakeholders if timely and appropriate advice is not sought and taken.
It is sometimes thought of as a relatively straightforward tax, perhaps because it comes around every year and business owners become accustomed to it. In reality it is anything but.
To advise effectively on this complex tax requires a detailed knowledge of the many different laws that impact it. That knowledge must encompass very specific rules on trading income, property income, capital allowances, loan relationships, loss relief, intangible fixed assets, group structures, and residency as well as many other issues…
SMH tax advisers have been giving our clients valued advice on the subject for more than 20 years, and would like to advise your company too.
Please give us a call to arrange a free discussion and we will outline what we can do for you.
The following are some examples, which illustrate just a few of the many ways in which Corporation Tax can be saved if you get the right advice at the appropriate time, but timely advice is essential.
- Date changes for ‘Making Tax Digital’
- What now for ISA savings?
- The state shovels in your coffers
- VAT on property – The Capital Goods Scheme
- Property developers – Extracting profits as capital
- Buy to let investors – don’t pay too much stamp duty land tax!
- Tax free reimbursement of directors and employees expense claims
- Should I save for retirement using an ISA or a pension fund?
- The impact of VAT and Income Tax on a Landlord’s profits
- Should you incorporate your Residential Property Letting Business?