Corporation Tax

Professional Services

K.A.Farr & Co Are Experts In Submitting Tax Returns.

Corporation Tax

Corporation Tax calculations are an important part of your company’s tax return, as they adjust the profit shown in your accounts to arrive at the correct figure for taxable profit.

Profits include all sources of income and also Capital Gains but exclude dividends from UK companies.

Some expenses, such as business entertainment, depreciation on assets, and some legal costs for capital expenditure, are not allowed for tax purposes.

They must be added back to the profit in the Corporation Tax computation.

Equally, there are also some capital tax allowances and reliefs which do not feature in a company’s accounts and which are deducted from the profit prior to tax being charged.

Self Assessment

Under the ‘Self Assessment’ system, you will need to estimate and pay your Corporation Tax within 9 months of the end of your accounting period. This is before filing a statutory return with supporting accounts and computations within 12 months of that same date.

We can help you get all of this right first time, on time so that you do not incur any interest, penalties on unpaid tax or charges for submitting returns too late.

This is precisely why we plan ahead and work with our clients to complete accounts well in advance.

Corporation tax is also charged on the profits of unincorporated bodies such as clubs.

  • Richard Dehn – Partner, Bury Road Off Licence

    K A Farr & Co are always totally approachable with any questions or problems that may pop up……and…….they always seem to come up with a sensible answer. Over the years I have never been left wondering about an accounting or tax issue, I just get on the phone straight away. They are an invaluable business tool to be used to make the day to day running of your business so much easier.

  • Dave Halton – Merseyside

    Kath is local, friendly, approachable and down to earth. She provides an excellent service and after more than 20 years why would I go anywhere else?

  • Paul Hawkins – Hawkins Asset Management Limited

    Helpful and informative at the start of the relationship

  • Sherie Halsall – Peter Halsall Removals and Storage Ltd, Southport

    We wanted an accountant with a good reputation to give us accounting support. Everything to date has been fabulous!

  • Dave Sumpter – Envogen UK Limited, Knowsley, Merseyside

    Always had excellent service, particularly when urgent action or advice is required, always accessible

  • Martin Jackson – Roxby Training Solutions Ltd

    Our business partner has used KA Farr & Co for many years and has always been very satisfied with the service. Personally, I have always found KA Farr & Co helpful and value their professional opinion

  • Dennis Gregory – Bryden International Limited

    What I like about Farr’s is that they give friendly, easily understood advice. You make us feel that you are very much part of our business, and you share in our success or failure. Your new website and letterheads have moved you into the “modern” era. I like them. I would mark you a 5 on the Richter scale for good dealing experience.

  • Joanne Hilliard – Office Manager, Globe Heat Treatment Ltd

    Good service, professional and reputable accountants. We receive good advice on all matters and rate their service 5 out of 5!

  • Julie Rhodes – Director, Tim Rhodes Stone Solutions Ltd

    On recommendation we used KA Farr & Co to register and set up our Limited company. We had minimal knowledge or experience in running our own business but were given clear explanations and advice on all aspects including personal tax, corporation tax, VAT registration and Payroll. Being inexperienced, the advice, guidance and on going efficient service provided has been of great benefit to us, giving us total peace of mind that our tax liabilities are taken care of.

  • Paul Bell – Director, P.R.B. Consulting Ltd

    I chose K.A.Farr & Co as my company’s accountancy advisor because they are a well established and highly respected local firm. I’ve always found them to provide me with a relaxed and fairly priced, but thoroughly professional, service – allowing me to concentrate on running my business.

  • James Redmond – Sole Trader, Builder

    At first the company was recommended to me and over the last 8 years I’ve always had 1st Class Service. Very efficient, great service, friendly and reliable.

  • Loraine – Aroma Leisure Limited

    They are always helpful and provide advice when I require it.

  • David Deveney – Energyfront Limited, Merseyside

    Simply a very professional practice. You [Kath] and your team give consistently good service and have done so throughout the years. All my business and personal accounting needs are met.

  • Mr Zavieh – Delizzis, Southport

    I use KA Farr & Co because of their efficiency and friendliness

  • Sue Siddeley – Owner, Sion Properties, Southport

    I was recommended to the company about 15 years ago. Kath has always looked after our business interests and I would certainly recommend her. I’ve even got my Dad to leave his long standing accountant and move to Kath!

  • Mr and Mrs Rose – The Edendale House Hotel

    I have used KA Farr ever since I started my business 17 years ago. They are extremely helpful and reliable. Our relationship is like having a good friend on your side. Everyone is helpful, knowledgeable and always do what they say they will when they say they will. Thank you so much.

Our services

We offer preparation of accounts, personal and company tax and business planning.

Our services also include secretarial support, payroll/CIS services, bookkeeping, VAT and company auditing.

Other Services