Business Tax

Businesses have to initially prepare accounts or a profit and loss statement. However, these require further work to identify transactions with special tax treatments to ensure tax returns are correct.

There are many areas where a business can get its tax calculation wrong. They may claim for expenses that are not allowable, they may pay tax on non taxable items, they may use the wrong VAT treatment or get their PAYE and benefits wrong. These generally involve underpaying tax which can lead to fines and penalties from the Revenue.

We can help you calculate your tax correctly and also give you advice in advance of expenditure so you know the tax issues involved.