Corporate tax advice from Alexander & Co.
Our Corporate tax services will help to simplify the complicated world of corporate tax legislation. This will help your organisation achieve its goals, no matter what stage of growth your business is at. You can rely on us for accurate corporate tax advice.
Corporation Tax Returns and Computations
There are 2 main components of a company tax return, these are:
- Profit or loss for corporation tax
- Corporation tax bill
A corporation tax return must be filed before 12 months after the end of the accounting period it covers. It must show the calculation of the profits chargeable to corporation tax, also known as the ‘tax computation’.
Entrusting this responsibility with one of our qualified accountants can alleviate the pressure of correctly preparing and filing your return.
What is the corporate tax rate?
In the UK, the corporate tax rate is more accurately reffered to as Corporation Tax. The main rate of corporation tax for the financial year beginning 1 April 2022 is 19%.
R&D tax relief
If your organisation invests in research and development, you may be eligible for R&D tax relief.
R&D tax relief is a government initiative which the aim of encouraging innovation in the UK. The government offers tax credits in the form of reduced corporation tax or cash. This is available to organisations that invest in research and development.
Many different industries can reap the benefits of R&D tax credits, so long as the project:
- Seeks to increase their knowledge
- Improves a product or service
- Solves uncertainties in the process
Our experienced in-house accountants can walk you through everything you need to know and determine whether your organisation is eligible. We can then start your claim immediately.
Corporate property tax
Firms using a building for non-domestic purposes will be required to pay business rates.
Business rates are charged on non-domestic properties. These include offices, warehouses and factories; however certain properties are exempt from this tax, e.g. farm buildings.
Here at Alexander & Co, we recognise that dealing with HMRC enquiries can be a lengthy and complicated process. That is why we can undertake this on your behalf.
This saves you the hassle and frees up valuable time that you can use to work towards developing your business.
Land remediation relief
If your company is liable for corporation tax, then you may be eligible for land remediation relief.
Land remediation relief is available to property investors and developers and can result in significant cash savings for your organisation.
However, there is a 3-year time limit for retrospective claims. Therefore, if you are unsure as to whether you can claim, please contact one of our team.
Tax-efficient remuneration can minimise the impact of tax on business owners of limited companies. If choices are made carefully, this will reap significant benefits for business owners.
Alexander & Co’s corporate finance accountants are experienced in all areas of corporate tax. Please contact to see how you and your organisation can benefit from implementing tax efficient remuneration strategies.
There are many different ways a company can reorganise itself. This includes mergers, agreements or via a section 110 Insolvency Act 1986 demerger.
Our advisers can discuss the best course of action for your organisation and discuss the benefits and pitfalls.
Succession planning involves identifying talent to fill critical business roles that may become vacant in the future. Reasons for doing this include skill shortages and lack of confidence in the current leadership.
Our corporate tax advisers can assist you in this area. We can provide impartial advice if succession planning is something you are considering for your organisation.
Corporate tax advice and exit strategies
As a business owner, there are many different exit strategies available, however choosing the correct one can be complicated.
Whether you’re considering selling your business or want to see what your future options, we can assist. Our corporate tax advisers can help you assess your options so you can make an informed decision.
Contact a corporate tax advisor today
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"John and the tax team at Alexander & Co gave us great advice throughout the merger process.
Rapid, reasoned and professional with their responses, they always had complete control of all tax and finance aspects of the deal throughout the negotiations."