Stephenson Smart provide business tax services to many clients across Norfolk and Cambridgeshire.

There are allowances, exemptions, and reliefs available, and our team can proactively assist with applying these to your business.

We have built up an excellent reputation for progressive business tax planning. We support individuals operating in partnership, sole traders, and companies. The regime under which tax is collected differs depending upon the structure through which the business operates.

We plan ahead so we can foresee any potential taxation issues on the horizon and address any issues in the most tax-efficient way. We can assist in formulating and submitting calculations of business profits compliant with the latest changes in legislation, making the most of deductions and allowances available to the business.

The benefits of using an accountant for your business tax include:

  • Advice on corporation business tax payments and their timing, whether in instalments or single transactions.
  • Calculation and submission of company tax returns.
  • Maximisation of research and development tax credits and administering the repayment of tax losses.
  • Maximising capital allowances, in some cases obtaining 100% allowances through utilisation of the Annual Investment Allowance and enhanced capital allowances.
  • Maximising relief for expenditure on intangible assets and goodwill.
  • Effective loss relief planning including group relief to maximise the potential of your business.
  • Advice relating to company strategy such as directors’ remuneration planning and dividend policy.
Business Tax

The business tax service we provide is:

Professional

Our teams are fully qualified and experienced in business tax, to provide you with an efficient and personal service.

Compliant

As chartered accountants we are aware of your obligations to HMRC and qualified to ensure they are fulfilled.

Supportive

The advice and support we can offer you will give you financial peace of mind.

Business Tax
Business Tax

No matter how much you think you know, you need a good accountant behind you to help run a successful business. The good thing about using a larger firm is that there is always someone at the end of the phone to answer any queries. We couldn’t manage without them, full stop.

Jason Taylor and Louise Chenery, Directors, JCT Prestige Cars

Business Tax

As part of our business tax service, we can provide expert advice and knowledge for:

  • Corporation Tax
  • Capital Allowances
  • Value Added Tax (VAT)
  • Pay As You Earn (PAYE)
  • Income Tax
  • National Insurance
  • Pension Automatic Enrolment
  • Checks and Investigations
  • Inheritance and capital gains tax

We are members of the Institute of Chartered Accountants, making us fully qualified to be your trusted business tax accountant.

We take time to get to know you and your business circumstances. The tax system is complex, at Stephenson Smart help is at hand from our highly trained and experienced advisers to support your business in being compliant and tax efficient.

FAQS

There are many ways to reduce tax liabilities, including making pension contributions and maximising allowances and reliefs. Seeking expert tax advice from a qualified accountant will ensure that you are only paying the tax you need to.

The tax liability of your business will depend on its size and structure. There are many taxes applicable to business that you may be eligible to pay including corporation tax, VAT, income tax, National Insurance, and business rates.

There is a tax-free allowance for dividend income that can be applied. You may still need to pay tax on any dividend income, depending on any other income you have received in the tax year.