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:

Tax Liability Calculation: We’ll calculate your company’s tax liability accurately. Additionally, we will assist with the calculation of any quarterly instalment payments.
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.
Effective Corporate Tax Planning: Strategic tax planning can lead to significant improvements in your company’s bottom line.
Tax Forms and Advice: Prepare company and client tax forms and provide tax accounting advice to both clients and internal company departments.
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.
Tax Accruals: Prepare tax accruals for company records and accounts. Ensure accurate accounting for tax liabilities.
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.
Client Relationships: Develop strong relationships with clients. Understand their business practices and specific tax information needs.
Financial Records and Compliance: Assist in preparing annual financial records, ensuring compliance with accepted accounting standards. Meet deadlines for financial reporting.
Tax Strategies: Collaborate with financial management officials to develop tax strategies. Balance incentives and tax-compliance considerations.
Team Support and Review: Review work by in-house junior team members. Offer knowledge and support to enhance team member performance.