Corporation tax and accounts, planned together.

19% on profits up to £50,000 and 25% on profits over £250,000, with marginal relief in between. For example, profits of £100,000 give a bill of £22,750. The limits are shared between associated companies and reduced for short accounting periods.

Payment is due 9 months and 1 day after the end of your accounting period, and the CT600 return 12 months after it. Large companies with profits over £1.5 million pay in quarterly instalments.

UK limited companies pay corporation tax on their taxable profits. Sole traders and partnerships pay income tax instead. A non-UK company can also be liable on UK property income or on a trade carried on through a UK permanent establishment.

Claim every allowable expense, use capital allowances such as the £1 million Annual Investment Allowance and full expensing, claim R&D relief where it applies, consider employer pension contributions, and plan the timing of spending around your year end.

Contact HMRC before the due date. Companies can often agree a Time to Pay arrangement to spread the bill, although interest still runs on the amount outstanding. We help you prepare the numbers and make the approach.

It depends on your profit level, how much you need to draw, your appetite for administration and your long-term plans. A sole trader is simpler, with lower costs, but all profit is taxed as income. A company gives limited liability and flexibility over how and when profit is taken, at the cost of more administration. We model both for your numbers before you decide.

Registration is compulsory if taxable turnover exceeds £90,000 in a rolling 12-month period, or is expected to in the next 30 days alone. Voluntary registration can make sense below that, for example to reclaim VAT on costs. As VAT accountants we advise and handle the registration.

Costs incurred wholly and exclusively for the business, such as salaries, rent, travel, professional fees, insurance, marketing and software. Equipment is usually relieved through capital allowances. Client entertaining is not deductible, and costs with a private element need care.

Usually through a mix of salary, dividends paid from post-tax profits, and employer pension contributions. You can also borrow from the company through a director's loan account, but loans not repaid within 9 months of the year end trigger an extra tax charge on the company.

Profit extraction: how we help →

A reduction of up to £10,500 a year in your company's employer National Insurance bill. It is not available where the only employee paid above the threshold is a sole director.

Keeps the company compliant (bookkeeping, statutory accounts, the corporation tax return, VAT, payroll and confirmation statements) and advises the directors on how to take money out tax-efficiently. We do all of it, joined up with your personal tax.

Yes. We request professional clearance from your current accountant and manage the handover, so records and deadlines carry across without a gap.

Usually, yes. Company and personal tax are planned together, so salary, dividends and pension contributions work for both.

We agree a fixed fee in writing before we start, based on the size of the company, the number of transactions, and whether you need VAT, payroll and bookkeeping as well as the accounts and tax return.