UK Tax Consultant, Tax Advice, Tax Services for a UK Company

UK Tax Consultants & Tax Accountants

Our UK Tax Consultants & Tax Accountants provide quick, efficient and cost effective financial advice at a competitive rate.

Our expertise is in helping businesses minimise their tax burden via effective tax planning and accurate tax compliance, completing and filing their corporate tax returns in a timely & efficient manner.

Contact our tax consultants now

By managing your HMRC risk assessment status we help you minimise stress, worry and time, by dealing with HMRC directly on your behalf. We help you identify the most tax efficient route to accomplish your goals and minimise your tax liability.

Please note that if your company is due to pay Corporation Tax, and you don't meet HMRC deadlines and requirements you may face a penalty. You may also be paying too much tax, missing out on tax credits or refunds to which you might be entitled.

Our expert tax accountants can deal with the complex UK tax system to help you avoid corporation tax penalties and advise you on how you can minimise your tax exposure by ensuring you do not pay any more tax than required by law.

Package option 2 also includes:

1. Accounts Preparation (mandatory)
2. Corporation Tax filing (mandatory)
3. Annual return filing (mandatory), extra £13 Companies House fee
4. Payroll (P60, P35, P11D)
5. Vat registration (if required). Vat returns every quarter
6. Submitting EC sales list to HMRC (mandatory if you’re registered for vat and do EC sales)
7. Consultancy services on Tax/accounts anytime
8. Bookkeeping
9. Inform you of every statutory deadlines, helping you to avoid any late penalties

Tax Consultants Frequently Asked Questions

Q: What kind of records and accounts should my company keep?

A: Every company is legally bound to keep extensive records of its assets and liabilities, (ie income, expenditures). They will help you or your accountant when you submit the annual accounts, so keep them safe!

Q: Can I do this without an accountant?

A: You can, although expert help will ensure that a business can minimise its tax burden by providing effective tax planning and timely and accurate tax compliance, such as the filing of tax returns. By using an accountant you won’t be at risk of the HMRC penalties and interest incurred due to late submission of tax returns and late payments of tax, as the accountant will take care of it all.

Q: What is the penalty if I file my company tax return late?

A: You’ll usually receive a letter from HMRC informing you that your company tax return is due. This is known as a ‘notice to deliver a company tax return’. If you have received this and you fail to file your return on time, your company will be subject to a flat rate penalty of £100. If you overrun by 3 months, you’ll be charged a further £100 penalty. If tax returns are consecutively late for 3 or more accounting periods, this penalty increases to £500 with an additional £500 charged if you file your return more than 3 months late.  These penalties escalate significantly the later you file your tax return.

Q: What do I need to pay tax on?

A: Tax bills are determined by what profit you make as a business. This is basically all you have earned minus any business expenditure you have incurred.

Q: What Can I include as business expenditure?

A: Essentially anything deemed as a business cost is tax deductible. Examples of this include:

1. premises rental
2. car travel expenses – simply reclaim the VAT related to your business usage, (if your car is also used for personal use)
3. IT equipment, Business calls and Internet access
4. any running costs such as the price if your stock
5. business trips- If you have an overnight stay, reasonable expenditure, including lunches are allowed
6. property running costs- if you use part of your home solely for business purposes.

Q: Can you help me to pay less tax?

A: We’ll certainly endeavour to prevent you from paying more tax than you need to! For a start, in moving from a sole trader to a limited company, you’ll avoid having to pay Class 4 National Insurance Contributions. Although everyone’s situation is different, especially if you are self-employed, you can minimise your personal tax bills by trying to limit the amounts drawn from the company, for example in salaries or shareholder dividends.

Q: How can CG help me with my Tax and Accounting?

A: With the help of our UK Tax Consultants and Accountants, CG Incorporations can provide quick, efficient and cost-effective financial advice at a competitive rate.

By managing your HMRC risk assessment status we can minimise your stress, worry and time, by dealing with HMRC directly on your behalf. We help you identify the most tax efficient route to accomplish your goals and minimise your tax liability.

If you are due to pay Corporation Tax, but don't meet HMRC requirements and deadlines you could face a penalty. However, you might also be missing out on tax credits or refunds to which you may be entitled or even be paying too much tax.

CG's competent tax accountants can deal with the complex UK tax system, helping you to avoid corporation tax penalties and advise you on how you can minimise your tax exposure, by ensuring you don’t pay any more tax than is legally due.

For further information on tax services please contact our professional tax consultants via tax@cgincorporations.com.

CG Incorporations Limited

5

I have been doing business with CG about 6 months and I am extremely happy that once I successfully googled them. Everything is done strictly in-time, perfect and even above my expectations.

I HIGHLY recommend CG to everyone doing business both in the UK and off-shore. Great company!

Anton Plekhov