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corporate tax comliance

Professional

TAX COMPLIANCE FOR COMPANIES

Corporate Tax Compliance UK

corporate tax return

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Tax Compliance for Companies in the UK

UK resident companies are subject to UK income tax worldwide (subject to the possibility of choosing a permanent company outside the UK), while non-UK companies -residents are subject to UK income tax. Business profits from UK land development or trading proceeds from the sale of property directly and indirectly from real estate in the UK, and Business profits from a rental property in the UK more UK income tax than other sources of UK income. In practice, for many companies, the enactment of various tax treaties, as well as dividend exemptions, makes the UK corporate tax system more like a provincial system.

The Finance Act of 2021 provides significant incentives for innovation to drive corporate capital investment in 2021 and 2022. The continued recovery from business losses over three years will result in lump sum payments for many companies. This reduction is accompanied by an increase in the main corporate tax rate of 19% to 25%, but not before April 1, 2023. A small profit rate of 19% will be required for nonprofit businesses. More than £ 50,000 (GBP) in effect on the same date. This makes Tax Compliance for Companies more important than ever before.

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Penalties for Non-Compliance with Corporate Tax Rules 

If your business or organization is subject to corporate tax and does not meet HM Revenue and Customs (HMRC) deadlines and conditions, you may be fined.


If you make a mistake, do something you shouldn't do, or don't do something you should do, you need to correct it immediately. If you do, you may not be fined or the penalties imposed may be less.


If your business or organization fails to meet its obligations with respect to taxes and other charges, other penalties may also arise. 


If your business or organization has to pay corporate taxes but you have not received a “Corporate Tax Refund Exemption Notice” from HMRC, you must still notify HMRC that you are responsible. Corporate tax. You must do this within 12 months after the end of the corporate tax accounting period.

Otherwise, your business or organization could be penalized.

 

These penalties are in the form of a percentage of the revenue lose by HMRC:

  • Non-deliberate:    30% of the Tax

  • Deliberate but not concealed:  70% of the Tax

  • Deliberate and concealed:  100% of the Tax

Corporation Tax Returns

Tax Compliance

For Companies

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How We Can Help You with Corporate Tax Compliance

Corporate and business taxes will be significant costs for a profitable business, not only in terms of the tax itself but also compliance with reporting obligations, inquiries with tax authorities and penalties for failure to do so. -compliance.
We can help you reduce your corporate tax payments and relieve you of any administrative burden to comply with tax laws. We take care of all corporate tax matters including corporate tax and/or income tax accounting preparation and tax return preparation and submission on corporations or self-certification of corporate income.
We have extensive experience in providing value-added tax compliance services to large international companies. By working closely with you from the start to make sure we understand your needs, we will create a successful compliance process tailored to your needs.
This includes:
• Assist in the development of the group's overall tax strategy.
• Develop an ongoing program that tracks key tax risks and opportunities.
• Work closely with the HMRC Customer Relationship Manager.
• Preliminary report templates to facilitate compliance investigations, such as regulated foreign companies, global debt limits and group planning tools;
• Help with group income tax returns, tailored to your needs;
• Work with you to ensure compliance with the Chief Accountant Code. And
• Manage offshore operational tax compliance requirements which may also be relevant to our global compliance reporting solutions.

Contact us today, and let our experts help you with tax compliance for your company. We can also help you get a tax-compliant certificate for your company. 

  • How Can We, as an Online Tax Accountant, Help You !"
    At Pro Tax Accountant, we provide online tax accounting services to companies operating nation wide in the UK. Our company is based in London and is led by a professional Certified Public Accountant with over fifteen years of experience in the highly demanding world of accountancy. The company is committed to providing the most innovative and cost-effective accounting solutions to its local as well as UK-wide clients online. Frequent lockdowns, medical advice of less social interaction and fear to get infacted during travel - all of these forced us to extend our services online. At the times of pandemic you need to consider getting these services online. That is why we have created this safe way to approach us. No physical appearnce is required on your part to access any of our services. Moreover, with the tax automation, more and more technical approach is required to be smart in your tax returns. Whether it is account reporting, corporate finance, meeting tax regulations, tracking down your company accounts or managing them - our online accounting services will give you what you need. You will get the best accountancy service from a London-based leading provider of online accounting services - PTA. Moreover, with the tax automation, more and more technical approach is required to be smart in your tax returns. You can expect to get the best accountancy services of the standard you are expecting, from a leading provider of online accounting services. Our services will streamline your reports and help you plan for the future. We also work in partnership with some award-winning auditing and finance companies. When you contact us, one of the first things we will do is provide you with a free initial counseling which helps you to get to know our services and the company. During this virtual meeting we will also get to know your accounting requirements and what you expect from us. Our experts will then go onto explaining all the key aspects of our online services we can provide you in the context of your requirements. Our company has the ability to take care of your business's finances and accounting requirements with the most innovative and cost-effective software. Accountants working with our company have a variety of skills including financial analysis, tax optimization, and preparation and approval of all your financial accounts. They are experts in the following areas: Finance & VAT, GCP (General Corporate Finance), M&A (mergers & acquisitions), Private Equity & Venture Capital, Bookkeeping, Payroll Management, Tax Management, Annual Reporting, Internal Auditing etc. The company offers the services of award-winning practitioners who are highly trained professionals. These accountants have gained both industry and government accreditation. The company works with the best available financial software to manage your accounts & Taxes. Our accountants will also go to great lengths to ensure that our clients are provided with the best advice available on their particular issues. In addition to providing the regular online accounting services, Pro Tax Accountant (PTA) is able to provide the following additional accounting services: Real Estate and IPOs, Corporate Finance, Employment law compliance, EU Reporting, Business Sourcing, New Business Startups, CIS, Inheritance Tax, Property Taxes, Accountant’s Certificates etc. If you have any questions regarding the accountants' services we provide, you can contact us at any time in working hours or can leave a message after working hours. The accountants are also available for walk-in help at working times. Apart from these main advantages, our online accounting services will also provide various other advantages. For instance, our customized financial software can help you understand your financial information accurately and manage it well. This will make it easier for you to budget your financial management and get rid of unnecessary expenses. Our software will automatically transfer the relevant information to the computer about your accounts. The computer will then create the required financial reports that will be needed by your creditors, banks or even government agencies like tax departments. It will streamline your reports which can help you plan for the future. In order to help you understand the advantages of using the online accounting services, you can always consult the experienced accountants at Pro Tax Accountants. Our team of accountants and financial analysts will guide you through the entire process and help you choose the right option to meet your company's needs and budget constraints.
  • Customized Tax Accounting Solutions to Match Your Specific Needs
    To begin, it's important to understand the basics of your company’s specific taxation needs. A professional tax accountant will be knowledgeable about tax law and taxation. He or she will also have the knowledge of different tax relief programs, as well as the many available options for filing taxes. At Pro Tax Accountant, you get all of this expertise. In addition, we have experience in using various tax software tools and programs, which adds to our efficiency for you.
  • Updated With Current Taxation & Company Laws
    A tax accountant must be familiar with current tax laws surrounding property, business, and financial transactions. We at PTA, specialize in all main types of taxes like personal taxes, corporate taxes , VAT etc. This is uniqueness of Pro Tax Accountant that you get all of these expertise under one roof. We have professional accountants that specialize in different types of taxes, with specilaization in each area. ​
  • Our Happy Clients are Our Reference
    As a new client, you should ask your new accountant for references from current clients. Most of the accounting companies will be shy in providing reference, but not us. We will be more than happy to provide you with any reference. In order to ensure a good tax accountanting service. We can provide you with excellent references of our satisfied clients. The more information that you can get on your potential tax accountant, the more confident you will be of your selection.
  • Complete Online Tax Accounting Services
    As your tax accountant we can provide you with complete online tax advice and assistance. Due to periodic lockdowns and due to your business activities and social commitments, it may not be easy for you to come to the office of your accounting firm. But at Pro Tax Accountant, it is not a problem. We can provide you our full support online. For instance, as your tax accountant we can offer you professional advice on how to prepare your tax return correctly and save on the many deductions you qualify for. When your tax returns are ready, we can assist you in filing them correctly. All of this can be done online. With "Making Tax Digital" (MTD) it has become even more important than before that you should use our online software to manage your taxes.
  • Personal Attention to Each Client
    It's important for you to know what your tax advisor's services include and how much time they can spend on your taxes. Pro Tax Accountant offers you a complete and comprehensive set of services. We spend sufficient time on each and every individual case. Not only that, before starting your case we can explain the whole process of paying your taxes, to you so that you may know what to expect. As professional tax advisor we are happy to answer your questions about your taxes and other accounting services. We use all the tools and resources necessary to properly prepare and file your tax return properly, manage your bookkeeping or payroll or whatever accounting service you need, to your satisfaction.
  • A Tax Accountant - You can Trust Like Your Friend
    If you do choose to hire a tax accountant, you need to make sure that you can trust him or her completely. Each business and tax payer has business secrets which they want to keep confidential and discuss only with trust worthy persons. You should feel comfortable and confident that your tax adviser will not disclose your secrets to anyone. Our clients have experienced our services and we have earned their trust. Confidentiality is the most important part of our dealings with our clients and that is why all of our clients trust us like their best friends.
  • A Complete Set of tax Accounting Services Under One Roof
    Our tax advisory services include VAT registration and VAT returns, Self-Assessment Tax registration and returns, corporate taxes, property taxes, CIS taxes etc. However, our services are not limited to tax advisory only. We offer you a complete set of accounting services both in office and online, including bookkeeping, payroll services, annual accounts, new company formation, etc. In short you can get all accounting related services under one roof. We have separate experts to process each type of service.
  • A Professional Accounting Service
    In general, you need a tax firm's tax advisor / accountant with whom you feel confident and who has a high level of professionalism and integrity, is expereinced and can provide you with complete professional assistance giving you all the attention you deserve. At Pro Tax Accountant (PTA) you will get all of this and more on very cometitive rates. No matter what your accounting requirement is, we will have a solution for you.
  • An Affordable Tax Accounting Services
    Finally, you should pay attention to the fees that your tax advisor charges. If you want to choose an accountant with whom you have an open and honest working relationship, be sure to ask him or her for some references and see if they charge an annual fee or a percentage based on the amount of work completed, in addition to their monthly fees. At Pro tax Accountant (PTA) our service fees are competitive and explicit without any hidden charges.
Professional Tax Compliance for Companies

TAX COMPLIANCE FOR COMPANIES

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