Company Tax:
Companies pay Corporation Tax on profits and the company directors and shareholders receive their income from the company in the form of salaries and dividends.
The manner in which monies are paid to the company owners gives some flexibility and opportunity for tax efficiencies. Pilbro will continually review your position and advise you of the most tax efficient arrangements.
Under Corporation Tax Self Assessment (CTSA), the legal responsibility for correctly calculating the corporation tax liability falls on business owners.
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.
How we can help
The tax team at Pilbro understands the issues facing owner-managed businesses and knows that effective corporate tax planning can also result in significant improvements in your bottom line.
At Pilbro, we are committed to:
- Preparing tax returns in a timely and efficient manner
- Calculating your company's tax liability and offering advice regarding tax payments
- Minimising corporate tax exposure and relieving the administrative burden of compliance with current tax legislation
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