Keeping up with corporate affairs for a limited company can be a challenge especially with the complex tax legislation, alongside the employment laws and reporting requirements. As such it may be a good idea to outsource your company tax affairs by hiring a corporate tax accountant.
What Services Can a Corporate Tax Accountant Provide?
A corporate tax accountant can provide as many or as little services as required, some of the main services that can be provided are: preparation and submission of statutory company accounts, compliance and submission of VAT returns, maintenance of a company payroll, filing confirmation statements and quarterly or monthly bookkeeping for businesses.
Benefits of hiring a Corporate Tax Accountant
Let’s look at the benefits of hiring a corporate tax accountant to help make running your business easier.
Making your Business Tax Efficient
Outsourcing a corporate tax accountant can save you money by maximising tax efficiency for your business. From explaining tax advantageous strategies, to making full use of any tax reliefs or allowances available to your company, an accountant can assist you in making your business more tax efficient.
Assistance in compliance with regulations
Corporations have to deal with many taxes which all have different deadlines for submissions and payments it can be difficult to track all of these. HMRC will impose penalties and interest for late submission and payments, so it is important to keep on top of these as the costs of the penalties and interest can add up. A corporate accountant can help in ensuring that information is filed in a timely manner and prompt you on when to pay HMRC for each of the relevant taxes.
Saving you time
A corporate accountant can save you time. Outsourcing your accountancy services can help you focus on driving business growth and development. Let your accountant deal with the more complex areas of managing business finances and compliance with HMRC and Companies House.
Professional Advice
At MJ Kane Accountants we have a vast knowledge base of tax and reporting legislation. Hiring us to be your corporate accountant will give you the benefit of access to your own professional accountant. Our accountants can help give you advice on strategies to employ and what impacts these may have on your business.
Conclusion
Hiring a corporate tax accountant has many advantages and can benefit both small startup companies and larger corporations. At MJ Kane Accountants we thrive off helping your business grow and assisting you in your corporate journey. To find out more about how we can help manage your corporate affairs, contact our team for more information.
