corporate & personal tax returns in Bristol & Nailsea

At Lite Tax, we understand how stressful it is to manage your tax returns, so we are here to support you by managing both your personal and corporation tax.

At Lite Tax, we understand how stressful it is to manage your tax returns, so we are here to support you by managing both your personal and corporation tax. If you’re looking for a Tax advisor in Bristol or Nailsea, Lite Tax are here to help.

corporation tax returns

Small to medium sized businesses have an advantage over sole traders and partnerships because they have the pleasure of not having to pay the dreaded payments on account.

At present, the current basic corporation tax for private and public limited companies is 19% of any cash left in the company when all payments are made and there is no more money to pay. Tax is also payable when cash is taken from the business; there are four main instances where businesses can be taxed and they are: Salary, Mileage, Rent & Dividends

Start Your Corporate Tax Returns
  • Corporate & Personal Tax Returns in Bristol & Nailsea
  • Lite Tax makes sure that you are making use of the tax free band.
  • Businesses can claim tax on incidentals, such as mileage, which includes incidentals such as trips to the bank, stationers and even to your accountant.
  • You are able to charge a proportion of your ‘’home running costs’’ rather than a nominal fee as a sole trader.
personal tax returns in Bristol & Nailsea

The first thing to consider for personal tax returns is whether all relevant costs have been reclaimed, as relevant business costs can be offset against tax. This may seem obvious, but the number of times we see underclaimed costs is simply staggering.

Husband and wife teams should strive to utilise all of the lower zero rate bands which are available. Many people do not know that even small adjustments such as, the timing of profit streams and dividend payments can also have a significant impact on the value of your tax payments.

Start Your Personal Tax Returns

Established for over 17 years, see how we can take away the pain and assist you with your Corporate & Personal Tax Returns.

Call us Email us