Running a business while trying to be your own accountant often feels exasperating since accountancy is such a complex area to manage alone. All the numbers and finnicky details are a far cry away from what inspired you to start a business in the first place, so why let them take up so much of your valuable time now?
Collaborative Accounts can take on the role of accountant for you, freeing up your time so you can give more attention to the parts of your business that mean the most to you and your customers. With the stress of accounting out of the forefront of your mind, you can rest easy knowing your accounts and business are being well looked after behind the scenes.
We can assist limited companies like yours to complete your corporation tax return form accurately, so that you can avoid severe penalties. Collaborative Accounts take an efficient approach to ensure that your business has no tax compliance issues. We will tailor our approach to your business specifically, ensuring you get a one-of-a-kind service.
In other instances, submitting a corporation tax return may not be suitable for your business. If you’re a sole trader without a limited company, or you’re a shareholder and take dividends from your company, submitting a self-assessment tax return may be more appropriate for you. As experts in accounting, we can assist you in completing your self assessment tax return by reviewing the form for errors, reducing the risk of an inquiry being raised to look into your business by HM Revenue and Customs. We can also advise you about any opportunities available for you to reduce your tax.
There are many different factors that can affect which type of tax return would be right for you, you want to make sure you’re not overpaying tax, but it can be a difficult area to navigate alone. If you’re struggling to know whether your business should be classed as a limited company or a sole trader, we can analyse your accounts to find out which option is best suited to you. This will help to protect your business and save you money in taxes.