Clear support, focused on your needs.
We use the company’s accounts and supporting information to prepare its Corporation Tax return, discuss adjustments where relevant and explain what is due and when.
How we can help
- 01
Preparing Corporation Tax returns
- 02
Reviewing supporting accounting information
- 03
Explaining the tax calculation
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Discussing relevant filing and payment dates
How company tax connects to accounts
Corporation Tax is a company obligation, and the tax calculation starts with information in the company’s accounts. The amount of accounting profit is not automatically the amount on which tax is calculated: tax rules can require adjustments for particular income or expenditure. We can prepare the company return from the available accounts and supporting records, then explain material differences between the accounting result and the tax position. A company director’s personal tax position is a separate matter.
Information that supports the return
Year-end accounts, bookkeeping records and details of significant transactions all matter. This may include assets bought or sold, financing arrangements, amounts paid to directors and expenditure that needs a closer look. If the company has changed activity, stopped trading or had an unusual transaction, mention it rather than assuming it is visible in the totals. We will discuss what additional detail is needed for the return and the calculation relevant to that accounting period.
Separate filings and obligations
A company’s annual accounts and Corporation Tax return are connected, but they are not the same document and may have different recipients and deadlines. Tax payment timing is also separate from submitting a return. It is useful to keep a calendar based on the company’s own accounting period instead of borrowing dates from another business. We can discuss what is due, which information is still outstanding and how the return relates to the final accounts.
Consider decisions early
A decision made during the year can affect the company’s tax position later. Discuss planned expenditure, changes in trading activity or questions about how owners are paid before the transaction is finalised, where possible. Tax Planning & Advice may be relevant if there is a wider decision to consider. Tax rules, reliefs and rates change; no general webpage can determine what a particular company owes. A calculation needs the company’s actual records and current legislation.
Tax and reporting rules can change. This page offers general information, not advice specific to your circumstances.
A common question
No. They are connected but are separate obligations. Company accounts provide important information for the tax return, which includes a tax calculation and is submitted separately.
Corporation Tax across Tyneside
Limited companies across Tyneside, from Team Valley manufacturers to Newcastle consultancies and coastal hospitality businesses, need accurate company tax returns that tie back to their accounts. We prepare the return alongside your year-end accounts and explain what is due and when.
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