Accountants for companies
Company Accounts
We use our professional skills and experience to prepare accounts that comply with accounting standards and legislation. As part of this process we:
- consider whether all expenses are being claimed
- prepare accounts that are a useful decision making tool and are often required by banks and other lenders
- review the accounts and provide proactive advice
- advise you of filing deadlines (normally nine months after the compny’s year end)
- We work efficiently with low overheads and offer very competitive fees
- We aim for fast and efficient turnaround of workÂ
Corporation Tax Return (CT600)
We provide an efficient service to meet your company’s tax compliance needs. We plan our work to offer proactive advice and tax planning and:
- check that all tax allowances and reliefs are being claimed
- calculate taxable profit using our professional knowledge and experience
- advise you on how much tax to pay and when it is due.
- We provide proactive advise on tax planning opportunities
- we work efficiently with low overheads and offer very competitive fees
- We aim for fast and efficient turnaround of workÂ
Profit Extraction
We can help you choose the most beneficial ways to extract profit from your company.
- Â Salary
- Dividend
- Employer Pension Contributions
- Benefits in kind (including electric cars)
- Rent for Use of Home
Exit Planning
It is important to think about the day you sell your business (although that might be in the distant future).Â
- Who owns the shares
- Is property owned inside or outside the company
- Is it pssible that a family member will continue the company
Electric Cars
Businesses can claim 100% first-year capital allowances (FYA) on new electric cars, allowing the full cost to be deducted from taxable profits in the year of purchase. This applies to new cars only and CO2 emissions must be 0 g/km. A company buying a £45,000 new electric car can reduce it’s tax tax bill by £11,250 at a 25% corporation tax rate
The 100% FYA is available until 31 March 2027 for corporation tax. There is no guarantee of extension beyond this date, so companies planning purchases should act before the deadline.
Directors (and other employees) are liable to a benefit in kind charge on electric cars. For the 2026/27 tax year, the BIK rate for fully electric cars is 4%, rising gradually by 1% in 2027/28 and by 2% annually thereafter, reaching 9% in 2029/30. In comparison, petrol and diesel company cars can attract BIK rates of 25–37%. This low rate translates into significant monthly savings for employees. For example, a 40% taxpayer with a £40,000 EV would pay approximately £53 per month in BIK tax, compared to over £450 for a similarly priced petrol car