YF AccountingAccounts & Corporation Tax
YF Accounting prepares statutory year-end accounts and files Company Tax Returns (CT600) for limited companies across Manchester and the UK, on a fixed fee. We calculate your corporation tax, file with both Companies House and HMRC, and proactively plan to keep your tax bill as low as legitimately possible, so you never miss a deadline and never overpay. As a fully ACCA-accredited practice that’s Xero and QuickBooks certified, your accounts are in safe, experienced hands whether you keep records in software or spreadsheets.
Free, no-obligation call
A quick chat to understand your business and give you a fixed quote.
- ✓ Fixed fee, quoted up front
- ✓ Filed with Companies House & HMRC
- ✓ Proactive deadline reminders
- ✓ We handle the switch from your old accountant
Prefer to talk? 0161 531 0959
Key facts
Corporation tax: key facts for 2026/27
- Small profits rate: 19% on taxable profits up to £50,000.
- Main rate: 25% on profits over £250,000.
- Marginal relief applies between £50,000 and £250,000 (an effective rate of up to ~26.5% in that band).
- Deadlines: accounts due at Companies House 9 months after year-end; CT600 due 12 months after year-end; tax payable 9 months and 1 day after year-end.
Everything handled, end to end
- Statutory year-end accounts prepared to FRS 105 / FRS 102 and filed at Companies House.
- Company Tax Return (CT600) full corporation tax computation and online filing with HMRC, in iXBRL format.
- Corporation tax planning salary/dividend planning, allowable expenses, capital allowances and reliefs reviewed before year-end.
- Proactive deadline management we contact you in good time, so filing and payment dates are never a worry.
- Software-flexible we work from Xero, QuickBooks or your spreadsheets.
- Director’s tax efficiency joined-up advice across your company and personal tax position.
Is this you?
- Limited company directors who want a hands-off, fixed-fee service.
- New companies wanting to start on the right footing.
- Businesses switching from another accountant (we handle the handover).
- Owner-managed businesses who want joined-up company and personal tax advice.
Not sure if it’s right for you?
Book a free, no-pressure call. We’ll look at your situation and tell you honestly whether and how we can help.
Book a free call →Simple, handled for you
- Free intro call to understand your business and year-end date.
- We agree a fixed fee and get authorised to act for you with HMRC and Companies House.
- You share your records (Xero, QuickBooks or spreadsheets); we do the rest.
- We prepare your accounts and CT600, review tax-saving opportunities with you, then file once approved.
- We remind you of payment dates and stay available year-round for questions.
Frequently asked questions
How much does a limited company accountant cost?+
When is corporation tax due?+
What is the corporation tax rate for 2026/27?+
Do I really need an accountant for a small limited company?+
Can you take over from my current accountant?+
Get your accounts and corporation tax handled for a fixed fee. Book a free Zoom call today.
Book a free Zoom callOr call us on 0161 531 0959.
Other ways we can help
VAT ↗
VAT registration, scheme selection and Making Tax Digital returns, done right.
Personal Tax & Self Assessment ↗
Self assessment for directors, the self-employed, landlords and higher earners.
Company Formation ↗
Set up your limited company properly: structure, registrations and a clean start.
Bookkeeping & Management Reporting ↗
Day-to-day books, VAT and management accounts so you always know where you stand.
Payroll Services ↗
End-to-end RTI-compliant payroll and auto-enrolment, on time every period.
Closing a limited company: strike off, MVL and the tax
Most solvent companies close by being struck off the register, which costs £13 online and takes a little over two months. Members’ voluntary liquidation costs far more but can save a great deal of tax once there is real money left in the company. The choice usually comes down to how much cash and how many assets are sitting there on the day you stop trading, so it is worth taking advice before you file anything. Here is how each route works, what HMRC still expects from you, and where the tax traps are.
Can you strike off at all?
Strike off is only open to you if the company has not traded or sold off stock in the last three months, has not changed its name in that time, is not threatened with liquidation, and has no arrangement with creditors such as a CVA. Fail any one of those and you have to liquidate instead. The three month clock is the one that catches people out: stop trading first, then wait, then apply.
What it costs and how long it takes
You apply on Companies House form DS01, signed by a majority of the directors. The fee is £13 online or £18 on paper, and you cannot pay from the bank account of the company you are closing. Companies House then publishes a notice in The Gazette, and if nobody objects within the two months stated in that notice the company is struck off. A second notice confirms it no longer legally exists.
Who you have to tell, and when
Within seven days of sending the DS01 you must send a copy to everyone who could be affected: shareholders, creditors, employees, the managers or trustees of any employee pension fund, and any director who did not sign it. This is not a courtesy. Skipping it can mean a fine and prosecution, and so can a dishonest application.
Empty the company before you file
Anything still in the company on the day it is struck off passes to the Crown, including cash in the bank and money that arrives later such as an HMRC refund. You also lose access to the company bank accounts, so you cannot send or receive money afterwards. Getting any of it back means restoring the company, which is slow and costs £341. Close the accounts, distribute the cash and transfer things like domain names first.
The £25,000 rule
Cash you take out as the company closes can be treated as a capital gain rather than a dividend, which is usually the cheaper outcome. Under CTA10/S1030A that only applies if the company has settled and collected its debts, or intends to, and the distributions total no more than £25,000. Go over £25,000 and the whole amount is taxed as income, not just the excess. If the company is not dissolved within two years of a distribution, normal distribution treatment applies as well.
When an MVL is worth the cost
Members’ voluntary liquidation is the formal route for a solvent company and it is what you use when there is more than £25,000 to take out. A licensed insolvency practitioner runs it, so it is not cheap, but the distributions are capital rather than income. You sign a declaration of solvency in front of a solicitor or notary confirming the company can pay its debts with interest within twelve months, hold a general meeting within five weeks to pass the winding up resolution, appoint the liquidator, advertise in The Gazette within fourteen days and file the declaration at Companies House within fifteen days.
Business Asset Disposal Relief
BADR can cut the Capital Gains Tax on what you take out. The rate is 18% on qualifying disposals from 6 April 2026, up from 14% for the year before that and 10% before April 2025. For company shares you generally need to have held at least 5% of the shares and voting rights and been an employee or officer for two years, and once the company stops trading you have three years to make the disposal. The rate rise makes the timing of a closure worth planning rather than leaving to chance.
The filing that still has to happen
Closing the company does not close your tax obligations. You must send final statutory accounts and a Company Tax Return to HMRC, marked as the final trading accounts, and pay the corporation tax and anything else outstanding. You do not have to file those final accounts at Companies House. Tell HMRC the company has stopped employing people, and deregister for VAT. If the last year made a loss you may be able to carry it back against earlier profits through terminal loss relief, claimed on that final return. Keep the bank statements, invoices and receipts for seven years afterwards, because HMRC can still ask questions once the company has gone.
Not ready to close? Go dormant
If you have simply stopped for now, you do not have to close at all. A company can stay dormant for tax indefinitely as long as it is not trading, carrying on business activity or receiving income. You still file annual accounts and a confirmation statement at Companies House, which is cheap and keeps the name and the company number alive. That is often the better answer if there is any chance you will trade again.
How much does it cost to close a limited company?+
What is form DS01 and who has to sign it?+
Do I need to file final accounts at Companies House when I strike off?+
What is the £25,000 rule when closing a company?+
What happens to money left in the company bank account?+
Can I close my company and start a new one?+
Fees, rates and thresholds are correct at the time of writing and taken from gov.uk. We will confirm the current position with you before anything is filed.
Thinking of closing your company? Get the tax right before you file. Book a free Zoom call.
Book a free Zoom callOr call us on 0161 531 0959. Local to Manchester, working with companies across the UK. See our fixed fees, our limited company guide, or if you are nearby, our Prestwich office page.