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.
Businesses 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 businesses, 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.
The Chancellor unveiled his Spring Budget on 15 March 2023…April 19, 2023
If your organisation allows hybrid working for your staff, where they can work both in the office…January 4, 2023
We would like to wish all of our clients and associates a Happy Christmas and prosperous 2023…December 14, 2022
The Chancellor unveiled his Autumn Statement on 17 November 2022…November 22, 2022