It can be difficult to determine if your company is liable to pay Corporation Tax, but more importantly, you must first register your business with HMRC. If it’s determined that you are indeed liable to pay Corporation Tax, then you need to calculate your company’s profits for every accounting period and then find out how much Corporation Tax must be paid on those profits. This information needs to be submitted to HMRC on time as there are strict penalties for filing late returns. Leave it up to our cloud accounting consultant to prepare your company accounts and make corporation tax calculations, leaving you plenty of time to focus on other important business matters.
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