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Corporation Tax

Providing expert guidance and support to reduce the burden of corporation tax and help your business thrive.

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Corporation tax advice, with a personalised approach

If you’re a limited company engaging in business activities, you are required to pay corporation tax on taxable profits.

To avoid penalties, you must register for the tax within three months of starting to trade as a limited company.

The tax rate can fluctuate, so it is important to check the current rate and ensure you pay the correct amount for that accounting period.

At One Two One Accounts, we can take care of your corporation tax return for you. We will calculate your company’s profits, identify tax inefficiencies within your business processes, and save you from paying any tax that ought not to be paying.

We understand that every North East business operates differently – you sell, buy, and employ differently, which means you need a professional, proactive accountancy partner to advise and deliver for your unique business needs.

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We have submitted thousands of tax returns for a multitude of North East businesses operating in a range of sectors and have over 15 years of experience offering corporation tax advice, making us highly adept and qualified to support you with your business accountancy.

How can I reduce my corporation tax bill?

There are several ways to minimise tax liabilities. These include:

  • Reviewing your yearly business expenditures to identify deductible expenses, E.G. work parties and travel
  • Maximising your capital allowances
  • Making donations to a UK-registered charity
  • Contributing to pension plans on behalf of your employees

We appreciate that navigating corporate tax regulations as a business can be a daunting prospect, and the likes of capital allowances can be complex, which is why we provide tailored guidance and practical accountancy support.

Get in touch

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Jamie McDonald, owner of One Two One Accounts at the coast.

Ready to take the next step
in your financial management?

Discover how our expert services can streamline your operations and boost your bottom line. Simply answer a few quick questions about your business, and we’ll tailor a personalised price package just for you.

Sole Trader prices from £35 plus VAT per month.
Limited Company prices from £85 plus VAT per month.

Get in touch with us

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See how we’ve helped
other local businesses

“Always responsive with both emails and calls”

One Two One Accounts have been my accountants now for over 9 years. They’re always responsive with both emails and calls. Their extensive knowledge of tax, vat and company related tasks are a huge asset, putting me straight on any accounting related questions I may have. Whether it be something pressing, or a discussion on a potential new direction for my business, the team is always happy to offer up their council and expertise, allowing me to focus on my day to day work knowing the other side of the business is in great shape

John Colebourn, Director JC Illustration Ltd

“Wouldn't go anywhere else”

Arluchi Plastering Division have used One Two One Accounts for over 3 years now and we couldn’t be happier with the service we receive. 5 star every time, wouldn’t go anywhere else

Tony Shandran, Director Arluchi Plastering Division Ltd

I am so pleased with the accountancy services provided to us by One Two One Accounts since we appointed them five years ago. They have been both competent and efficient in sorting out our year end accounts and our Partnership Tax Return, which was for our small business. More than that, Self-Assessment Tax Returns and Corporation Tax are all correctly calculated and then returned in good time. And I really appreciated it when One Two One Accounts gave our business practical support. This was through a time when a bank seemed to be applying excessively complicated administrative procedures upon us. This has been resolved now.

Martin Morley, Director MHM Road Safety Ltd