Aside from preparing its annual accounts, a business must also prepare a separate computation for the tax authorities showing its tax liability for the period just ended. This is regardless of whether the business is incorporated or not, or has made a profit or not.
Business must also register for VAT above a certain threshold of turnover, and there are a range of other taxes that businesses in the UK need to consider and deal with.
Obtaining professional help in handling business taxes is essential, even for relatively straightforward entities, and at Best4buisness Accountants we offer a complete range of taxation services.
Please contact Zul Muhamad on 020 7523 5322 to discuss how we can help you, for more information or to arrange a no-obligation meeting.
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