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Company Taxation
Strategic guidance for every structure
Whether your trade is carried out through a Limited Company, Limited Liability Partnership, Partnership, or Sole Trader; we can give you the best professional advice and guide you on the benefits of your existing and future business needs, whatever your size. We are here to advise and give you the best professional advice for all your existing and future business needs to ensure full compliance.
We can provide you with year-round tax advice on:
Limited Company Corporation Tax
Sole Traders
Partnerships
Income tax
Our tax team has considerable experience in dealing with all aspects of business taxation
Please do get in touch - call us today or email the team for any of your business taxation queries.
I just wanted to thank you and Adam for sorting out my accounts for the December deadline. I really appreciate you rushing it all through from a standing start, despite zero help from my old accountants.
– Anonymous
Company Taxation
Frequently Asked Questions
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If corporation tax is due, it needs to be paid 9 months and 1 day from the companies year end.
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Corporation tax in 2024/2025 is on a sliding scale based on the company's profit. If the company made a profit of more then £250,000 it is 25%. If it made £50,000 or less it is 19% Between this you are entitled to marginal relief.
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Tax-deductible expenses will vary depending on the nature of your business. These often include salaries, rent, marketing and software just to name a few.
However, they should always be solely and necessary for your business to trade and you should always retain receipts/proof of purchase. Some expenses are not claimable though and these entertainment and certain travel. You should always talk with your accountant if you are unsure.
ABMV have plenty of experience in all aspects of business taxation
01732 366077 | admin@abmv.co.uk