Search our Knowledge Base

Reset

Popular Categories:

Type of Content:

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Accountant Checklist Guide

Accountant Checklist Guide

Accountant Checklist Guide

  • Why you may need an accountant
  • Key areas an accountant can help
  • Questions to ask an accountant
  • Accountant checklist
Read Full GuideRead Full GuideCalculate Now

Download Now:

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Accounting Software Comparison Guide

Accounting Software Comparison Guide

Accounting Software Comparison Guide

  • What can accounting software do
  • Why you may need accounting software
  • Benefits of accounting software
  • How to choose the right accounting software
Read Full GuideRead Full GuideCalculate Now

Download Now:

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Business Banking Guide

Business Banking Guide

Business Banking Guide

  • How to choose the right account
  • Challenger banks
  • Starling, Revolt, Tide and Metro bank overview
Read Full GuideRead Full GuideCalculate Now

Download Now:

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Business Insurance Guide

Business Insurance Guide

Business Insurance Guide

  • What is business insurance?
  • Why do I need business insurance?
  • Types of business insurance
  • Professional indemnity insurance
  • Public and product liability insurance
  • Business contents insurance
  • Employers liability insurance
  • Cyber insurance
Read Full GuideRead Full GuideCalculate Now

Download Now:

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Christmas Company Expenses Guide

Christmas Company Expenses Guide

Christmas Company Expenses Guide

  • Christmas expenses overview
  • Staff party claims
  • Gift voucher claims
  • Gift claims
Read Full GuideRead Full GuideCalculate Now

Download Now:

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Complete IR35 Guide

Complete IR35 Guide

Complete IR35 Guide

  • What is IR35
  • Who IR35 impacts
  • Planning for IR35
  • IR35 Action Plan
Read Full GuideRead Full GuideCalculate Now

Download Now:

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Contractor & Freelancer Insurance Guide

Contractor & Freelancer Insurance Guide

Contractor & Freelancer Insurance Guide

  • What is business insurance?
  • What insurance you need
  • Legal requirements for insurance for freelancers
  • Legal requirements for insurance for contractors
  • How to find the best policy
Read Full GuideRead Full GuideCalculate Now

Download Now:

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Dividends Guide

Dividends Guide

Dividends Guide

  • What are dividends?
  • Dividend tax rates and allowances
  • Paying taxes on dividends
  • Dividend FAQs
Read Full GuideRead Full GuideCalculate Now

Download Now:

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
How to Start an Ecommerce Business

How to Start an Ecommerce Business

How to Start an Ecommerce Business

  • Types of Ecommerce Business Models
  • How to/ if you need to register your business
  • Accounting software requirements
  • Understanding VAT
  • Brexit Import checklist
  • Brexit Export checklist
Read Full GuideRead Full GuideCalculate Now

Download Now:

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
How to Start Contracting Guide

How to Start Contracting Guide

How to Start Contracting Guide

  • What is a contractor
  • Types of contractors
  • Contractor business structures
  • Contractor accounting
  • Understanding IR35
  • Contractor insurance
  • Banking for contractors
Read Full GuideRead Full GuideCalculate Now

Download Now:

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Limited Company Expenses Guide

Limited Company Expenses Guide

Limited Company Expenses Guide

  • Allowable business expenses
  • Employee expenses
  • Travel expenses
  • Office & equipment expenses
  • Professional services expenses
  • General expenses
Read Full GuideRead Full GuideCalculate Now

Download Now:

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
PAYE, P60's and Paying Yourself Guide

PAYE, P60's and Paying Yourself Guide

PAYE, P60's and Paying Yourself Guide

  • What is PAYE
  • PAYE when self employed
  • When to register for PAYE
  • Sole trader taxes
  • Sole trader income tax calculations
  • Limited company dividends & salary
  • Dividend tax rates
Read Full GuideRead Full GuideCalculate Now

Download Now:

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Registering a Limited Company Guide

Registering a Limited Company Guide

Registering a Limited Company Guide

  • What is a Limited Company
  • 10 step process for setting up a Limited Company
Read Full GuideRead Full GuideCalculate Now

Download Now:

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Self Employed Registration Guide

Self Employed Registration Guide

Self Employed Registration Guide

  • What is a Sole Trader?
  • Sole trader advantages
  • Sole trader disadvantages
  • How to register self employed
  • Sole trader responsibilities
  • Self employed tax
  • Important self employed deadlines
Read Full GuideRead Full GuideCalculate Now

Download Now:

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
UTR Numbers Guide

UTR Numbers Guide

UTR Numbers Guide

  • What is a UTR number
  • Why you need a UTR number
  • Where to find your UTR number
  • How to get a UTR number
  • Getting a company UTR number
Read Full GuideRead Full GuideCalculate Now

Download Now:

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Ultimate VAT Guide

Ultimate VAT Guide

Ultimate VAT Guide

  • What is VAT
  • When to register for VAT
  • VAT rates
  • Exempt/ Out of Scope VAT items
  • VAT filing responsibilities
  • De-registering for VAT
Read Full GuideRead Full GuideCalculate Now

Download Now:

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Virtual Office Guide

Virtual Office Guide

Virtual Office Guide

  • What is a Virtual Office
  • Benefits of a VIrtual Office
  • How to choose the right virtual office
Read Full GuideRead Full GuideCalculate Now

Download Now:

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Small Business Accounting Guide

Small Business Accounting Guide

Small Business Accounting Guide

  • When and why you may want to register a Limited Company
  • Advantages and disadvantages of a Limited company
  • Limited company alternatives
  • When to register for VAT
  • Advantages and disadvantages of VAT
  • How to take money out of your company
  • Dividend tax rates
  • Limited company expenses & corporation tax
  • Annual accounts and deadlines
  • Confirmation statements and deadlines
  • Self Assessment tax returns
Read Full GuideRead Full GuideCalculate Now

Download Now:

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Small business owner wearing Covid-19 mask

Coronavirus Business Eligibility Calculator

Coronavirus Business Eligibility Calculator

Read Full GuideRead Full GuideCalculate Now

Download Now:

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
iPhone about to calculate corporation tax

Corporation Tax Calculator

Corporation Tax Calculator

Corporation tax basics: What you need to know

Corporation Tax refers to tax you pay on money your company or association makes from trading profits, investments and chargeable gains.

It is calculated and paid on an annual basis, based on your ‘accounting period' for corporation tax. This is typically the same as your company's financial year. Limited companies, foreign companies with a UK branch or office, clubs, co-operatives and unincorporated associations are required to pay corporation tax on profits.

-

When is corporation tax due?

Keep in mind that unlike most taxes, the deadline for paying your corporation tax bill is earlier than the deadline for your tax return.

Your corporation tax bill is nine months and one day following the end of your accounting period. If the end of your accounting period falls on 31 March 2019, you'll need to make your payment by 1 January 2020. The payment is made once a year if your profits fall below £1.5 million. Payment is made in instalments for businesses with profits exceeding £1.5 million.


What is the current corporation tax rate?

The current rate is 19% for the 2019/20 tax year. For the tax year starting 1 April 2020, the rate will be reduced to 18%.

-

Resources:

-

Read Full GuideRead Full GuideCalculate Now

Download Now:

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Free Downloads

Virtual Office Guide

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
 guide

Ultimate VAT Guide

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
 guide

UTR Numbers Guide

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
 guide

Registering a Limited Company Guide

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
 guide

Self Employed Registration Guide

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
 guide

PAYE, P60's and Paying Yourself Guide

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
 guide

Business Guides

Featured Article

How do I plan my business?

Read more

How do I plan my business?

Read more

How do I open business bank account?

Read more

How do I buy a house when self employed?

Read more

How do I transfer/ change a business bank account?

Read more

How do I start a pension?

Read more

Do I need business insurance?

Read more