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Corporate Tax Planning

Strategic planning can significantly reduce a business’s corporation tax bill and thus increase retained profits. Corporation tax is an annual tax levied on your company’s net taxable profits, not necessarily your reported profits.

Every business must prepare tax computations based on their annual accounts, and then file these with the tax authorities when tax returns are submitted. It is important that these calculations are accurate because they can reduce your corporation tax liability by including tax relief for all relevant expenses and capital expenditure, through business relief and capital allowances.

Tax bills can be minimised by forward planning. The main benefits are; the advantage that can be taken of tax breaks and also the organization of your business affairs in the most tax-efficient manner.

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