As tax advisers, our objective is to work closely with you to ensure you pay the minimum tax required by law.
We will help you to understand the tax implications of your actions, in order that you can plan ahead and conduct your affairs in a tax efficient way.
Under Corporation Tax Self Assessment (CTSA), the legal responsibility for correctly calculating the corporation tax liability falls on business owners. We understand the issues facing owner-managed businesses and can prepare tax returns in a timely and efficient manner. We will also calculate your company’s tax liability and assist with the calculation of any quarterly instalment payments due.
The increased reporting obligations, investigation policies on the part of the tax authorities and harsher penalties for non-compliance mean that your time and resources can be taken up with tax administration. We will help to minimise corporate tax exposure and relieve the administrative burden of compliance with current tax legislation. Effective corporate tax planning can also result in significant improvements in your bottom line.
Your businesses require Corporate Tax Planning for financial planning and management. A company’s financial affairs must be structured and strategized to minimise its tax liability while remaining compliant with tax laws and regulations, which only a financial planner can understand. Some benefits of corporate tax planning are as follows:
Our corporate tax planners at MMBA are experts in providing tax advice to the UK businesses.
Tax planning is a common and legitimate practice adopted by individuals and businesses to minimize their tax liabilities. It can help you optimize your financial situation and ensure you are not paying taxes more than necessary.
Corporate Tax Accountants can be game changers for your company. They can not only crunch numbers and fill out forms but can also bring a wealth of knowledge and expertise in tax planning to enhance your business’s financial health significantly. Let’s see how.
MMBA professional tax accountant specializes in managing and overseeing a company’s tax related activities, particularly those related to corporate taxation. Major responsibilities of corporate tax accountants are tax compliance; research; planning; credits and incentives; record keeping; risk management; communication; audits and disputes; and advisory services.
Corporate Property Tax is the tax imposed on the value of real property owned by businesses or corporations. It is assessed by local governments and is used to fund various infrastructure projects and public services within the jurisdiction.
MMBA Accounting delivers unparalleled corporate tax advice in the business sector. We provide expert guidance customised to your unique requirements. Our corporate tax advisory includes understanding the tax regulations, proper record keeping, choosing the right business entity structure, identification of tax deductions and credits to reduce your tax liability, understanding depreciation methods for your business, ensuring that you are withholding the correct amount of payroll taxes, making quarterly payment estimations to avoid underpayment penalties, searching for taking advantage of any tax incentives, and taking care of international tax considerations (in case your business operates internationally).
MMBA’s Tax Investigation Advisor can come up with steps and considerations to ensure that you comply with all relevant tax laws when you seek tax advice for your business’s tax investigation. So, it is always recommended to involve tax investigations specialists in your businesses’ tax affairs to gain the most of the benefits.
The HM Revenue and Customs in the UK conducts various investigations to ensure individuals and businesses comply with the UK tax system’s regulations. Most tax investigations include routine checks and in-depth investigations like random checks, VAT inspections, aspect enquiries, complete HMRC enquiries, self assessment investigations, employment status investigations, offshore tax investigations, PAYE audits, construction industry scheme (CIS) reviews, tax fraud and evasion investigations depending upon the tax bill issued by HM Revenue and Customs, transfer pricing and international tax investigations, offshore tax investigations, and accelerated payment notices.
Personal tax allowance or personal allowance is the income an individual can earn before paying income tax.
This allowance is set by the government and varies on an annual basis. Tax specialists design it to ensure that people with lower incomes pay minimum or no income tax, providing a basic level of tax relief.
The MMBA Accountant offers a fantastic opportunity to stay updated with the most recent news and guidance.
Yes, you can file your own tax returns; it is called self filing or self assessment.
Personal tax allowance or personal allowance is the income an individual can earn before they are required to pay income tax.
At MMBA, we provide expert advice to clients by selecting the mode of business to adopt; searching and adopting techniques to ensure tax benefits; and facilitating in taking advantage of future tax. Our expert team can lower your tax burden, so MMBA is your right choice for corporate taxation advice.
To reduce your corporation tax liabilities, you must implement strategies that are compliant with tax laws and regulations in the jurisdiction and can potentially lower corporation tax liabilities.
Hiring accountants for corporate taxation is not a must, but it is always beneficial to work with qualified accountants or tax professionals to manage your corporation tax matters.
You can calculate corporation tax by determining your businesses’ taxable income, applying tax rate, calculating tax liability, and considering relevant tax credits and incentives.
The main corporation tax rate for the financial year beginning from 1 April 2023 is 25%.