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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

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

“I know my accounts are all in hand”

Jamie is straight-talking and provides me and my business with everything I require. He asks me about elements of the business throughout the year and keeps me on track with not only my accounts but also business decisions.

One Two One has so many contacts in the business support world and they are always there for me to ask questions about ideal partners. More to the point, I know my accounts are all in hand and I believe that I pay only what is owed to HMRC.

Ian Proctor, Pixel Media

“I can't recommend these guys enough”

Jamie and the team have worked with us throughout 2020. From taking on new staff, reporting financials, advising with tax matters, delegating shares, and more. They are professional, experienced and friendly. We can’t thank them enough for all their help this year.

For any business owners or self-employed persons looking for top class accountancy, I can’t recommend these guys enough.

Fitbook Admin

“Looking forward to working with Jamie”

Easily bamboozled by numbers and wary of feeling in the dark about many accountancy tasks, picking the right accountant was a vital and tricky business decision for me. But I’ve done it!

Looking forward to working with Jamie at One Two One Accounts Ltd

Jennifer Clair, PR Consultant