Accountants Bognor Regis

Accountants Bognor Regis – Tax Basics For Limited Companies

Accountants Bognor Regis based can help limited companies to ensure they are operating tax efficiently and that they are adhering to everything HMRC requires of them. If you are wondering what tax you will be subject to as a limited company, read on to find out.

All limited companies need to pay Corporation Tax on their profits. Your tax return accountant will ensure you register your new company to pay Corporation Tax immediately, and they will complete this tax return, CT600, each year for you. They will work out how much you need to pay, and help you to plan efficiently for this type of tax. You will also be subject to National Insurance Contributions and Income Tax if you and any of your employees receive a salary. These are both deducted at the source, and paid to HMRC on either a quarterly or monthly basis. You must also register for Value Added Tax (VAT) if your turnover is £82,000 or more during any 12-month period. One thing the best accountants Sussex wide do is help you to determine the best VAT scheme for your business. There are several options available, and for smaller businesses, the Flat Rate VAT scheme can prove to be a simpler and most cost-efficient way of managing your VAT commitments. Aside from this, you may also be liable to Capital Gains Tax on any assets you have disposed of during the tax year, such as property or investments, and you will need to use the self-assessment process to settle your personal tax liabilities.

AMG Financial Chartered Tax Advisers & Accountants is the firm you need if you are looking for the best accountants Bognor Regis can offer for limited companies. We have the experience and the reputation to put your mind at ease, plus our prices are exceptionally competitive. Get started today by heading to our website at

Our only office location is in Chichester, West Sussex.