By Mel Hackney

From 1 April 2023, the rate of Corporation tax has gone up. This won’t hit all companies – if your company’s taxable profits are less than £50,000 and not part of a group, the business will still pay 19%.

However, this will have an impact on many businesses and so now is a great time to be thinking about mitigating corporation tax as far as possible and considering all tax planning and saving measures available.

If you would like to have a chat about how we can help, just give us a call! We have a wide range of different sizes of client, but many are smaller companies that, with a bit of tax planning, could potentially remain in the 19% bracket.