Corporation Tax is a tax payable on the taxable profits of limited companies (either private or Plc) and other organisations including clubs, societies, associations and other unincorporated bodies. If your company or organisation is based in the UK you will have to pay Corporation Tax on your worldwide profits and you will need an accountant to advise and take care of your CT returns. This is where your local AIMS Accountant comes in.
As with all taxes there are deadlines for submission of the tax returns and payment of outstanding tax – miss these and you could be liable for a fine from HM Revenue and Customs. Corporation Tax may seem like a minefield to any small business owner but to an AIMS accountant CT is familiar territory.
AIMS accountants will make sure that your Corporation Tax returns are filed and tax paid on time – that’s the hard part taken care of. Our accountants will also take a close look at your business and will be able to advise and assist with all of your accounting and tax requirements. This leaves you with piece of mind to run and develop your business and with an AIMS accountant tax worries become history.