Corporate Taxation

Navigating the Maze: Corporate Tax Services for Your UK Clients

Corporation tax is a significant financial obligation for UK businesses. At BizLingo Global, we offer comprehensive corporate tax services designed to help you minimize tax burden and maximize profitability for your client. Our team of qualified tax advisors stays abreast of the latest tax laws and regulations to ensure your clients navigate the complexities of corporate tax efficiently and effectively. Here’s how we can empower you with our corporate tax services:

Profit Calculations and Taxable Base Determination:
◾We meticulously calculate your clients' taxable profits, ensuring all allowable deductions and reliefs are accurately identified and claimed. This minimizes their corporation tax liability and maximizes after-tax profits.
◾We stay updated on the various reliefs and allowances available, such as capital allowances for depreciation of assets, research and development expenditure credits, video games tax relief etc.
Capital Gains Tax Planning
◾We advise on the implications of capital gains tax (CGT) when disposing of assets. This could involve property, machinery, or even shares in other companies.
◾We can help develop strategies to minimize CGT liability, such as utilizing annual exemptions, utilizing capital allowances to reduce the cost base of assets, or exploring reliefs for reinvesting capital gains in qualifying assets.
Loss Relief and Group Reliefs
◾We assist in claiming tax relief for any trading losses they incur. These losses can be offset against future profits, reducing their corporation tax liability in those years.
◾We also explore the benefits of group relief if your clients operate as part of a group of companies. This allows them to offset profits of one company against losses of another within the group, further optimizing their overall corporation tax liability.
Research and Development (R&D) Tax Credits:
◾We can assist in claiming R&D tax credits if they are involved in qualifying research and development activities. These credits can significantly reduce their corporation tax liability or even result in a cash payment from HMRC.
◾We navigate the complex R&D tax credit scheme, identifying qualifying activities, calculating the value of credits, and ensuring all necessary documentation is prepared and submitted to HMRC accurately.
Corporation Tax Return Preparation and Filing
◾Our team prepares and electronically files your clients' corporation tax returns with HMRC, adhering to strict filing deadlines. We ensure all relevant information and calculations are accurately included to avoid potential penalties for errors or late submissions.
◾We maintain clear communication throughout the process, keeping you and your clients informed of any developments or questions from HMRC.
HMRC Enquiries and Dispute Resolution
◾In the event of an HMRC enquiry regarding your clients' corporation tax return, we can represent them and liaise with HMRC on their behalf. Our tax specialists will analyze the enquiry, gather necessary documentation, and work diligently to resolve any discrepancies or disputes with HMRC in a timely and efficient manner.
◾Our goal is to minimize any potential tax liabilities or penalties your clients may face.

Benefits of Our Corporate Tax Services

Reduced Tax Burden

We ensure your clients minimize their corporation tax liability through efficient tax planning and claiming all available reliefs and allowances.

Improved Cash Flow

Minimizing tax payments improves your clients' cash flow, allowing them to invest in growth and development.

Compliance Certainty

We handle all aspects of corporate tax return preparation and filing, ensuring your clients adhere to HMRC regulations and avoid penalties.

Peace of Mind

We take the burden of corporate tax off your clients' shoulders, allowing them to focus on core business activities.

By partnering with BizLingo Global for corporate tax services, you equip your UK accountancy firm to offer a comprehensive solution for your clients’ tax needs. Our expertise helps them navigate the complexities of corporate tax, minimize their tax burden, and maximize their profitability.