Company Tax Accountants
Finance Equation Ltd are company tax accountants serving clients in London, Ilford and Essex. Company taxation can be complicated depending on how complex your business transactions are. This Government website gives you an overview of accounts and company tax for private limited companies. If you have associated companies then your small company threshold is reduced for each company. The following link gives you an overview of company tax rates.
The currents rates of company tax after 1st April 2015 are:
- £300,000 or less – corporation tax rate 20%
- Above £300,000 – corporation tax rate 20%
Corporation tax rates for 2014-15
Your specific business circumstances may mean that you are entitled to relief’s – reducing your overall company tax. e.g. if your company spends a lot of money on research & development you could be entitled to an R&D tax credit. If you have a property business its clear that the Chancellor is pushing forward measures to get people to incorporate. There are many advantages to incorporate your property business. The most important being that it avoids the impact of clause 24. If you do it right you can in fact totally avoid paying CGT and SDLT on your incorporation. This is supported by case law and statute. But you have to do things properly to successfully defend a HMRC challenge. You can also totally avoid IHT by setting up the right type of company structure. Again this is supported by case law and statute.
How can we help you?
At the Finance Equation we are passionate about helping our clients keep more of their money. If you are worried about your overall tax position our tax experts can definitely help you. We recognise that tax is a cost just like any other business cost. We will use every legal option to reduce your overall tax liability. This will help you improve your cash flow. It also helps to improve your return on investment and shareholder value. We serve clients in London, Ilford and Essex.
For further information contact us on 020 3086 7472.