Services for Corporation Tax Company Tax | Accounts
If you need assistance with corporate tax compliance and company accounts, please give us a call for a free quote and no-obligation consultation.
ACCURATELY COMPUTE CORPORATION TAX
A tax on a business’s net income is known as corporation tax. Since the tax was initially introduced in 1965, Corporation Tax Self Assessment (CTSA) was introduced in 1999 after the successful launch of Income Tax Self Assessment. Profits made by limited firms, members’ clubs, and trade and housing associations often are subject to corporation tax. However, under corporation tax, major businesses are required to pay their corporation tax in four quarterly instalments. These liabilities are therefore based on the company’s estimated current year tax due.
All businesses, big or small, are required by law to maintain all business records for a minimum of six years. All receipts, invoices, working papers, and tax-related paperwork are included in these records
For instance, if the scans are easy to read, this data can also be preserved in electronic formats like scans. Call our office to discuss your corporation’s tax obligation for guidance.