Tax Returns For sole Traders, Companies, Contractors and Small Businesses
Our LibAbun Accounting team will prepare your Business Tax returns and calculate the Corporation Tax due. As part of our standard service, every month we provide you with a set of Financial Statements, of which is included your estimated tax returns liability. That way, there are no surprises for you at the end of the financial year and when any Corporation tax you owe is due.
Compliance when running a registered company is very important. You must report to Companies House and HMRC annually with the company performance. We prepare the accounts in the correct format for both Companies House and HMRC, these are prepared as soon as we can after the year end has passed and we file these online too!
As part of our service, we guarantee to find you, at least a year’s worth of our fixed monthly fee, in Tax efficiencies and savings, during that respective financial year. This effectively means our services, at least pay for themselves, year on year for your tax returns.
Our services will help to minimise your corporate tax exposure and relieve you of the administrative burden. These include:
- Determining the most tax effective structure for your business
- Taking full advantage of tax opportunities and reliefs
- Achieving the optimum capital or revenue tax treatment
- Reducing tax on disposals and maximising relief on acquisitions
- Making the most of tax opportunities specific to your industry
- Meeting the rigorous demands of compliance including corporation tax self assessment
- Acting on your behalf in discussions with the tax authorities
Efficient corporate tax planning can result in potentially significant improvements in your bottom line.
Why choose us to complete your tax returns?
Peace of mind
Tax is a very complex area, but that’s what we’re trained for! Let us save you some time and a whole load of stress by managing your tax affairs, whilst you focus on your business.
Tax efficiency reviews
Your dedicated accountant will conduct regular tax efficiency reviews, to make sure you’re claiming for everything you could be and operating in the most tax efficient way possible.
Reduce the chance of penalties
Our automated email reminders will keep you out of the cross hairs of HMRC, by helping to ensure you never miss the deadline for submitting your tax returns.
What’s the process for completing your tax returns?
Estimated Tax Liability Every Month
We produce you a set of Financial reports every month. As part of this process we will also get an estimated Tax Liability at the end of the financial year. So you have no surprises at year end.
We complete your Year End Tax return
Just after the end of your financial year we will start to prepare your Tax Returns. When we complete the draft accounts, you will be given copies to approve.
Your Tax Returns include your Self Assessments, any p11D’s etc.
We submit your Tax returns
Once we’ve received your approval, we’ll submit your Tax return to HMRC. We will also send your financial report to Companies House and set up the reminder dates for you to pay HMRC when required. Job done!