Tax
Corporation Tax returns
Why Do Limited Companies Need a Corporation Tax Return?
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1. Legal Mandate: Limited companies operating in the UK are legally obligated to submit a Corporation Tax Return to HMRC. This requirement is applicable regardless of the company's size, ensuring financial transparency and adherence to tax regulations.
2. Financial Accountability: The return serves as a means of financial accountability, offering a transparent record of a company's financial transactions. This transparency aids in fulfilling regulatory requirements and maintaining trust among stakeholders.
3. Tax Assessment: The Corporation Tax Return forms the basis for calculating the precise amount of Corporation Tax a company owes to HMRC. It outlines income, deductions, reliefs, and other financial elements necessary for accurate tax assessment.
4. Compliance Assurance: Submitting the return within the specified deadline is essential to remain compliant with HMRC regulations. Failure to meet this requirement can result in penalties and legal consequences.
Personal Tax return
Personal tax returns are documents filed with the government that report an individual's income, expenses, deductions, and credits. These documents are typically filed annually and are used to calculate the amount of tax owed to the government. Personal tax returns can be complex and often require the assistance of a tax professional to ensure that they are completed accurately and in compliance with all applicable laws and regulations. The information reported on personal tax returns is used to determine an individual's tax liability, which is the amount of tax owed to the government after accounting for any credits or deductions that may be available.
These are made so much easier when they go hand in hand with your accounts. We get to build up the full picture of you and you get the peace of mind that everything has been dealt with on your behalf. We also don’t like any nasty January surprises so will have your tax return completed for you at least a month* prior to your tax bill being due for payment!
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*where your records are ready for us by our internal cut off date for early filing
Dividend Vouchers
Dividend vouchers are documents that companies issue to their shareholders as a record of the dividends paid out for a particular period. These vouchers typically include details such as the amount of the dividend, the date it was paid, and any tax credits or deductions that apply. They serve as proof of ownership and payment of dividends, and are an important record-keeping tool for both the company and the shareholder.
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We will prepare your dividend vouchers alongside your accounts and personal tax returns in order to keep you compliant with the law as required.
Payroll
At Barton Accountancy, we understand the importance of a streamlined payroll and auto-enrolment process. That's why we offer an easy-to-use online platform that simplifies these tasks for you. With our platform, you can:
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Process your payroll quickly and accurately.
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Ensure compliance with auto-enrolment regulations.
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Access your payroll information and reports anytime, anywhere.
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Save time and reduce the risk of errors by automating your payroll process.
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Have peace of mind knowing that your payroll and auto-enrolment are taken care of by experienced professionals.
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Easily manage employee information, including payslips and pensions.
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Receive timely reminders and notifications to ensure you meet important deadlines.
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Focus on growing your business, while we take care of your payroll and auto-enrolment needs.
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We can also provide P11D's and CIS returns where required.
V.A.T
Our VAT return review and submission service ensures that your taxes are accurately and efficiently managed. Here's how we can help:
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We review your VAT returns to ensure that they are complete and accurate.
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We check for any errors or discrepancies and make any necessary corrections.
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We submit your VAT returns on your behalf, ensuring that they are submitted on time.
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We keep you informed of any changes to VAT regulations that may affect your business.
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We provide ongoing support and advice to help you manage your VAT obligations effectively.
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We help you identify any potential savings or opportunities to reduce your VAT liability.
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We provide a stress-free and hassle-free VAT management experience, allowing you to focus on running your business.
Tax investigation insurance
If you're worried about being audited by HMRC or facing a tax investigation, our tax investigation insurance can help alleviate some of that stress. With our insurance, you can be covered for the costs of professional fees associated with an investigation, as well as receive expert advice and support throughout the process. This insurance can provide you with peace of mind and protect your finances in case of an unexpected tax situation.
Pre-year end tax review
Just as much as no-body likes a nasty surprise in January with their personal tax bill, we also don’t think it’s much fun for anybody to get a shock months after their year end with only a few weeks to find the cash to pay their company tax bill. We will look at your accounts position around 10 months in to your financial year to give you an idea of how much Corporation Tax your company will be liable to pay. This also give us an ideal opportunity to identify any tax planning opportunities before your year-end passes and it’s too late!