Taxation involving companies vary. But the main ones to note as applicable to many businesses are VAT and Corporation tax

VAT- whether you: 

-require help for VAT (Valued Added Tax) registration 

-want to find out if you must register for VAT or not 

-need help in choosing the right VAT schemes (if possible) for your business

-keep up with the do’s and don’ts when registered for VAT 

-need advice on deregistering from VAT 

our tax team can help you all the way in the processes . VAT is known to be quite technical in its handling and you can outsource one or a batch of the relevant VAT processes and tasks to us. You never have to worry about it again.  In fact , we hope to be the bearer of good news for you , most of the time by analyzing your business regularly and inform you of any VAT tax opportunities you might possibly be eligible for within the limit of the applicable VAT rules. Following BREXIT and COVID-19 , some rules and VAT practice are changing slightly and there might be room for you to apply for things like VAT payment deferral which can ease cashflow tension in these unprecedented pandemic and economic difficult time . 

We can prepare your VAT return either from your own bookkeeping system or we can take care of your sales and purchase record keeping and the relevant VAT recording and return. A dedicated tax specialist can be assigned to you and part of the assignment will be to ensure that you are VAT compliant as per HMRC guidelines . Our duty will be to act as your VAT agent and as such we will aim to minimize , on your behalf , any risk of penalty for whatever reasons such as: late or incorrect filings , late payment of VAT  , incorrect VAT recordings etc

For confidential , personalized advice or a quote about our VAT services , please visit us in our London office or  contact us by phone on +44 1296 9262 55 , on WhatsApp +44 7578 2795 97  or by email at info@moumouaccountant.com  or click here

Corporation Tax

As your company makes profit it becomes liable for corporation tax, which must calculated and reported properly but also accounted , provided for on time and most importantly paid for on time to avoid unnecessary fines . Not only MouMou Accountants will help you with these , but we will guide you to pay only what you must legally pay for and will make your company utilise effectively any loss at its disposal .

Our accountants will assist you with company tax returns and tax computations and will also be able to provide advice on any tax planning areas that may benefit company Directors and the business itself . If you need support on : 

• -registration for corporation tax;
• -calculating taxable profits or losses;
• -corporation tax return;
• -corporation tax payment;
• -handling trading profit or Losses on the ordinary trading activities for current or prior years;
• -handling profit or losses (and relevant taxes) on other income such as interest , lettings , disposal of shares or business assets ;
• -tax planning;

please contact us by phone on +44 1296 9262 55 , on WhatsApp +44 7578 2795 97  or by email at info@moumouaccountant.com for a confidential introductory chat  or a quote for the service you require. Whilst earning your fees will undeniable keep us in business , winning your trust is by far more important to us.

For your information , tax is levied on all the profits made during the accounting period. And profits can arise from several sources such as:

• -Trading profits – income from your company’s trading activities, less allowable expenses such as employing people and raw material costs etc.
• -Capital gains – the profits made from selling certain company assets. For example, if you make a profit from selling a factory, it will be taxable unless you reinvest the money. Note: capital gains on the sale of shares in a trading subsidiary may be exempt.
• -Income from letting out land or buildings.
• -Interest on any money held on deposit. Unlike individuals, companies generally receive interest without tax having been deducted.
• -Most other forms of income or capital gain. For example, share of partnership income; any profits made on currency movements.
• -Profits from different sources have to be calculated separately, because different rules apply to income and expenditure on each.

The rules are specific and tax relief and capital allowances might be available to your business and reduce your tax payable. For confidential , personalized advice or a quote about VAT , please  contact us by phone on +44 1296 9262 55 , on WhatsApp +44 7578 2795 97  or by email at info@moumouaccountant.com  or click here