Corporation Tax

Jonathon Dickens FCA

Partner - Group

jdickens@smh.group

Call Your Local Office

Select Your Local Office Buxton Chesterfield Harrogate Huddersfield Leeds (Garforth) Leeds Rotherham Sheffield Wakefield

At SMH Chartered Accountants, we understand that navigating the complex world of corporation tax can be a daunting task for any business. Our team of expert accountants is here to take the stress out of taxand ensure that you are fully compliant with all relevant tax legislation.

What is Corporation Tax?

Corporation Tax is a tax levied on the annual profits made by limited companies. The UK rate is currently 25% for all limited companies. Up until April 2023, the previous main rate was 19%.

The 25% main rate is payable by companies with taxable profits above £250,000. A small profits rate (SPR) of 19% applies for companies with profits of £50,000 or below.

How can we help?

We offer a range of corporation tax services to suit the needs of your business, including:

• Corporation tax compliance: We can assist with the preparation and submission of your corporation tax returns, ensuring that all necessary deadlines are met and that you are fully compliant with all relevant tax legislation.
• Corporation tax planning: Our expert team can provide proactive advice on how to minimise your corporation tax liabilities through effective tax planning, helping you to optimize your tax position and maximize your profits.
• Tax-efficient profit extraction: Our team can help you to identify and implement tax-efficient methods of extracting profits from your business, ensuring that you are making the most of all available tax reliefs and allowances.
• Tax investigation support: In the event of a tax investigation, our team can provide expert support and guidance to help you navigate the process and minimize any potential liabilities.

At SMH Group, we pride ourselves on providing a tailored service that is tailored to the needs of your business. We take the time to understand your business and your goals, and work closely with you to provide expert advice and support every step of the way.

Contact the SMH Chartered Accountants team on info@smh.group or 0114 266 4432 to learn more about our Corporation Tax service and how we can help you.