As a business owner, one of the most important discussions you will have with your accountant is the way to reduce your corporation tax liability and the most tax-efficient way of extracting funds from your limited company.
At KFS, we don’t just look at the company, we look at your personal tax affairs at the same time. This allows us to look at the bigger picture and ensure that we maximise personal tax allowances as well as keeping any corporation tax due to a minimum.
Many clients are not aware of the capital and annual investment allowances available to reduce your corporation tax bill or indeed that they can claim R&D tax credits that can be backdated to cover prior periods.
Using the services of KFS Accountants we will ensure that these tax savings are correctly made and that no more corporation tax is paid than is needed.
If you want to know more about ‘Annual Investment Allowance (AIA)’ , ‘Corporation Tax’ or ‘Extracting Company Profits’ then download our free guide from the Factsheet menu option.
