For businesses with annual profits of less than £300,000 per year, Corporation Tax is currently 19%. Companies that make profits of more than £300,000 per year are subject to Corporation Tax at 30%.

We recommend that all business owners implement a bookkeeping package that enables real-time information on profits so that we can accurately predict the upcoming Corporation Tax liability ahead of your company’s financial year end.

We can make timely suggestions on ways to mitigate your Corporation Tax liability and ensure there are no nasty surprises.