From 1st April 2011 HMRC require all businesses to file their corporation tax online. This includes the company accounts in a format required by HMRC and the company tax computations. 

Companies with profits below £300,000 are taxed at the small companies rate.

Corporation tax rate for small companies                   - 2011 20% 

Main corporation tax rate                                            - 2011 26%

 

Capital allowance – Annual Investment Allowance    - 2011 £100,000

                                                                                    - 2012 £25,000

Investment in plant, equipment and motor vehicles attract capital allowances. Careful planning when buying your plant will help make best use of the allowances available.

Wilcocks & Associates have exclusive access to high-level tax planning strategies. Some of these strategies relate to the reclaim of previously unclaimed or underclaimed capital allowance refunds from HMRC.

We know that many accountants often fail to reclaim their clients full entitlement to capital allowances. We are talking about millions of pounds of unclaimed allowance from many organisations. This unclaimed money is in HMRCs bank account, not businesses. We have the knowledge and experience to reclaim 100% of capital allowances for businesses, which is something that we have seen other accountants miss.

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