Accountant Globe is your reliable partner for managing tax matters in the UK. Our qualified tax experts offer comprehensive tailored tax support services for sole traders, partnership/LLP, limited companies, and corporation tax.
Additionally, we can help you with tax return review before submission and tax audit preparation, minimising the risk of tax affairs enquiry by HM Revenue & Customs.
We offer flexible support, either working as consultants alongside your existing tax advisory team or providing outsourced tax support services.
OUR TAX SERVICES
Tax Return Support
Accountant Globe offers expert tax return support, ensuring accurate calculation, timely filings and maximising deductions for your business.
Corporate Tax Return (CT600)
Corporation tax is a tax on the profits of limited Companies (Ltd), reported to HMRC using the CT600 form. From April 2023, corporation tax rate ranges from 19% to 25% based on profit levels. Companies must submit their tax return within 12 months of their accounting period end and pay the tax within 9 months and one day. Taxable profits are adjusted for allowable expenses and incentives.
Deferred Taxes Asset (DTA)
If your company has incurred losses or overpaid taxes in certain periods, Accountant Globe will assist to ensure that these are accurately reflected in the financial statements, calculating the DTA based on future deductible amounts.
Deferred Taxes Liability (DTL)
Accountant Globe can assist to identify situations where taxes are owed in future periods due to temporary differences (e.g., accelerated depreciation for tax purposes) to compute the DTL accordingly.
Partnership Firms/LLPs Returns
We offer assistance with the preparation and filing of tax returns for Partnership Firms and Limited Liability Partnerships (LLPs) in the UK. Our services ensure full compliance with HMRC requirements, helping you manage your tax obligations efficiently. Our services include:
- Partnership Tax Returns (SA800)
- Individual Partner Returns (SA10)
- Capital Gain Tax (CGT)
International Tax Advisory Support
Our expert tax accountants help you navigate complex global tax regulations, ensuring your business remains compliant, while optimising tax strategies and financial efficiency.
Transfer Pricing
Our expert advisers help you understand transfer pricing compliance and documentation.
Cross-border Transactions
We provide support and advice on taxation issues related to cross-border transactions and Double Taxation Avoidance Agreements (DTAA).
Tax Deduction at Source (TDS) Return Filing and Compliance
We assist you in the preparation and filing of TDS (Tax Deducted at Source) returns.
We also ensure your business comply with TDS regulations.
Tax Reliefs and Allowances Services
Corporate tax relief and allowances are essential tools for reducing a business’s tax liabilities. Our team of qualified tax experts will help you identify and understand the full range of reliefs and allowances available to your business, ensuring you maximize savings and optimise your tax strategy.
Research and Development (R&D) Tax relief
R&D tax relief is a UK government incentive that allows companies to claim tax deductions for eligible research and development activities.
Our tax professionals provide expert guidance on R&D tax relief, identifying eligible activities, to maximise claims under the SME scheme (186% deduction, up to 27% credit for R&D intensive SMEs) or RDEC scheme (20% credit), prepare robust documentation, liaise with HMRC, and navigate upcoming regulatory changes to optimize tax benefits.
Annual Investment Allowance (AIA)
The Annual Investment Allowance (AIA) provides 100% tax relief on qualifying plant and machinery expenses, up to £1 million annually. It applies to most businesses, regardless of size.
First Year Allowance (FYA)
From April 2023, companies can claim 100% first-year allowance on main rate assets and 50% on special rate assets, under UK tax regime.
Tax Audit Preparation Assistance
We can help you prepare for audits by reviewing records and ensuring compliance with relevant tax laws.
Business Tax Reviews and Advisory:
We provide expert internal tax reviews to help businesses identify potential tax risks or areas of non-compliance before filing returns, along with end-to-end tax audit liaison and support.
Our Tax Consultation Process
Initial Consultation
Our process begins with a comprehensive discussion of your financial situation and tax requirements. During this meeting, we’ll explore your personal and business circumstances, financial goals, and tax obligations to better understand your unique needs. We also address any concerns or questions you may have.
Gathering Information
We collect all the necessary documents through our secure online portal. This includes income records, expense reports, investment details, and other financial documentation needed to accurately help prepare your tax return. Our team ensures the security and confidentiality of your data at every step.
Preparation and Advice
Once we have gathered all the required information, our tax experts meticulously analyse your financial data. We help you prepare your tax return, ensuring that all relevant deductions, credits, and allowances are applied to minimise your tax liability.
Tax Audit Liaison (if applicable)
Should your return be subject to a tax audit or further inquiries from HMRC, we act as your liaison. We handle all communications with HMRC on your behalf, guiding you through the audit process and providing the necessary documentation and support to resolve any issues efficiently.
Review
Before submitting your tax return, we review the completed return with you in detail. We explain each section, ensuring you understand how your tax liabilities and refunds are calculated. This is also your opportunity to ask any questions or raise any concerns about the return. We aim for complete transparency and your full satisfaction.
Submission to HMRC
We help you with filing of your tax return with HMRC. We ensure the submission is timely and compliant with all relevant tax laws. Additionally, we offer ongoing support in case of any post-filing queries or updates required.