Business Tax

The UK has one of the most complex tax systems in the world for companies with an array of taxes and regulations for businesses to comply with, including;

  • Corporation tax – paid on the company’s profits
  • VAT – Collected and paid on the businesses sales and purchases
  • National Insurance – paid by employers and employees on wages
  • PAYE – Income tax and National Insurance collected by employers from wages
  • CIS – Construction Industry Scheme – Impacts contractors and subcontractors
  • IR35 – Impacts people working for a limited number of clients for example freelancers and consultants

How we can help

Manage the paperwork

  • Registration with HMRC
  • Calculation of taxes due
  • Preparation of tax returns
  • Filing of tax returns
  • Dealing with HMRC enquiries
  • CIS – Construction industry for contractors and subcontractors

Save tax legitimately

  • Financing Structure – Debt vs Equity
  • Remuneration Structure – Salary vs Dividends
  • Capital Allowances and Capital Gains
  • Incorporation: Sole Trader vs Limited Company
  • Tax Losses – use past losses to reduce future taxes paid
  • IR35 considerations