Corporate Tax Solutions
When you start up a business, should you choose to form a limited company, you will have to assess your business for corporate tax. This essentially examines your profits for the previous tax year and looks at your own tax liability.
Depending on the profits your business makes, the rates you pay will vary. Below are the rates for 2009/10:
- Profits of £0-£300,000 – 21%
- Profits of £300,001-£1.5m – 29.75%
- Profits of £1,500,001 and over – 28%
If you are struggling to calculate how much tax you owe, speak to Barnes Roffe and let us help you to make the right calculations, and ensure you have taken everything into consideration.
Whether you are a worried about the cost of your small business tax or are more interested in learning about how corporate tax works, at Barnes Roffe we can help you to calculate your rates.
As you can see from above, we are much more than your own average accountancy firm. At Barnes Roffe we are dedicated to providing you with the tax help, advice and support you deserve so you can effectively work out the profitability of your business and ensure you receive the right tax deductions on every one of your tax liabilities.
Tax truly doesn’t have to be taxing, and with our support you can take your tax understanding to a whole new level!
Contact our team today and let us help you to make understanding tax even simpler.
Further Reading
- Want to keep ahead of your tax liabilities? Our tax tables can provide you with the most recent modifications to all taxations.
- Alternatively why not contact our Corporate Finance Team directly to see what strategies we can offer to your business disposals, business acquisitions and deal management.
