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I Sumar & Co - Corporate Tax Returns
Corporate Tax Returns - Accountants For Your Business
Under Corporation Tax Self-Assessment (CTSA), the legal responsibility for correctly calculating the corporation tax liability falls on business owners. We understand the challenges faced by owner-managed businesses and can efficiently prepare tax returns.
Our staff are well trained and would handle all the matters such as:
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Tax Liability Calculation: We’ll calculate your company’s tax liability accurately. Additionally, we will assist with the calculation of any quarterly instalment payments.
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Reporting Obligations and Compliance: The increased reporting requirements to tax authorities and stricter penalties for non-compliance can be burdensome. We will help minimize corporate tax exposure and relieve the administrative burden of complying with current tax legislation.
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Effective Corporate Tax Planning: Strategic tax planning can lead to significant improvements in your company’s bottom line.
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Tax Forms and Advice: Prepare company and client tax forms and provide tax accounting advice to both clients and internal company departments.
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Stay Updated on Tax Laws: Maintain and update your working knowledge of tax laws and regulations, including new filing practices and deadlines. Stay informed about any company-specific tax information.
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Tax Accruals: Prepare tax accruals for company records and accounts. Ensure accurate accounting for tax liabilities.
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Interdepartmental Communication: Correspond with other business departments to understand their practices and new projects. Communicate the tax implications of all business practices to senior company managers.
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Client Relationships: Develop strong relationships with clients. Understand their business practices and specific tax information needs.
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Financial Records and Compliance: Assist in preparing annual financial records, ensuring compliance with accepted accounting standards. Meet deadlines for financial reporting.
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Tax Strategies: Collaborate with financial management officials to develop tax strategies. Balance incentives and tax-compliance considerations.
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Team Support and Review: Review work by in-house junior team members. Offer knowledge and support to enhance team member performance.
Feel free to reach out if you have any specific requirements or need further assistance!
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Unlock the potential of your business!
Our skilled team is here to simplify your processes and minimise your accounting workload.