Your corporation tax bill should not be news. You should know it a month before the year end.
Nasir Rasheed, Director
Year end accounts and corporation tax, with your tax bill known a month ahead
Year end accounts and corporation tax for established limited companies in Milton Keynes and UK-wide, prepared from books that reconcile, with the bill forecast before the year end closes.
Most directors find out what they owe long after the year end, when nothing can be changed. I run the forecast a month before the year end instead. What that changes is set out below.
Nexus Tax and Accounting Solutions is a Milton Keynes accountancy practice run by Nasir Rasheed MAAT AATQB. It prepares year end accounts and corporation tax returns for established limited companies UK-wide, in one monthly fee that also covers VAT, payroll and the director’s self assessment, with the corporation tax forecast given a month before the year end.
Accredited and certified
- Nasir Rasheed MAAT AATQB
- Established 2024
- Three new clients a month
- Milton Keynes · UK-wide remote
What you get with Nexus
Your corporation tax bill, a month early
The forecast lands before the year end closes, so the money is there and the decision is yours.
Accounts built on books that reconcile
Bookkeeping is kept to a routine, so the year end is a check rather than a reconstruction.
One fee covers the filings and the advice
Accounts, the CT600, confirmation statement, VAT, payroll and your self assessment, with planning included on a fair-use basis.
The decisions that go wrong when nobody forecasts the bill
Three things directors tell me in the first call, and what each one cost them.
- Tax bill
“I found out what I owed nine months after the year end, the week the payment was due, with the money already spent.”
The figure was correct. The timing meant he borrowed to pay it.
- Dividends
“I took dividends all year on a hunch. At the year end I was told two of them had no profit behind them.”
That becomes an overdrawn loan account and a tax charge nobody planned for.
- Switch
“My accounts were filed on time every year by the fourth account manager in two years. None of them ever rang me.”
Filing on time is the floor. He was paying for advice he never received.
- Day 90
What changes once the advice is in the room
You see the corporation tax number while you can still act on it. Pension contributions, equipment, a bonus and the timing of dividends are all still on the table. Once the accounts are filed, those decisions have already been made for you.
Quick check · no email
If your accountant can’t tell you your corporation tax bill before the year end, confirm your VAT scheme is right, and reply this week, you have the wrong accountant
Three questions to put to your current accountant this week.
Question 1 of 3
Could they tell you this week what your corporation tax bill will be at the year end?
Could they tell you how much you can take as dividends before the year end closes?
Could they get back to you this week, from the person who actually does the work?
No yeses means the accounts are being filed and you are learning the result afterwards. The set-up review is where that gets fixed, starting with structure, VAT scheme and pay.
One or two yeses is a reasonable position with a gap in it. Usually the accounts are accurate and the tax figure still arrives as news, which is the one thing Nexus commits to a month ahead.
Three yeses and you are well served. Keep the accountant you have, and read the guides if you want a second view on your year end timetable.
The same filings, two different year ends
A good filing-only accountant gets the numbers right. The difference is when you see them.
The year end done as a filing job
Accounts and the CT600 filed accurately and on time.
Contact at year end, mostly about missing paperwork.
The tax figure arrives with the finished accounts.
Advice is available, usually billed by the hour.
The year end done with the forecast first
Accounts and the CT600 filed accurately and on time.
Corporation tax and dividend headroom forecast a month before the year end.
VAT scheme, salary and dividends checked when you join, then revisited.
You deal with Nasir, because Nexus takes three new clients a month.
Eight things worth checking about your own year end
Answer these about your company as it stands today.
- 01
Do you know your year end date without looking it up?
If not, the planning window is being missed every year.
- 02
Has anyone told you your corporation tax figure before the year end closed?
This is the single decision point that most companies never get.
- 03
Do your bookkeeping records reconcile to the bank each month?
Accounts built on unreconciled books take longer and cost more.
- 04
Do you know how much profit is available for dividends right now?
Without that, dividends are guesses that show up as a loan account.
- 05
Has your VAT scheme been checked against your actual costs?
Low input VAT often means the default scheme is the expensive one.
- 06
Is your salary and dividend split the same as it was at incorporation?
Thresholds move. A split nobody revisits stops being the right one.
- 07
Is the confirmation statement filed as part of the same routine?
It is a small filing that costs directors time when it is forgotten.
- 08
Does the person who prepares your accounts answer your emails?
If the answer changes every year, so does the quality of the advice.
What the year end work covers
Three pieces of work that run together, on one timetable.
Statutory accounts and the CT600
Year end accounts prepared from books that reconcile, filed at Companies House, with the corporation tax return submitted to HMRC.
The corporation tax figure before the year end
Your tax bill and dividend headroom forecast a month ahead, so pension, equipment and dividend decisions are still open.
Confirmation statement and the director’s return
The company filings and your self assessment handled in the same routine, rather than as a January exercise.
Entry 01
What the month-ahead promise actually means
One commitment, made to every client, not sold as an extra.
Clients described by type. Names withheld.
What clients say
What happens in your first ninety days with Nexus
Four steps from the first conversation to a tax figure you see before the year end.
You know what should change before you sign anything
Nasir reviews your structure, VAT scheme, salary and dividends and software, and tells you why each is right or what to change.
The handover is done without you chasing it
Professional clearance and records collection are dealt with, so the prior year is closed off and the opening figures are agreed.
The books reconcile, so the numbers are current
Bookkeeping gets a routine, VAT and payroll run on schedule, and the year end stops being a reconstruction job in month nine.
Your corporation tax bill, a month before the year end
You get the tax figure and your dividend headroom while there is still time to act, then the accounts and CT600 are filed from books that already agree.
Who this is not for
Start-ups in their first year or two, where there is no established set-up to review.
Sole traders under £150,000 of turnover, where incorporation is not the obvious move.
Property-only landlords and cash businesses.
Owners buying on price alone, who want filings done and no conversation about the numbers.
If you run an established limited company and you are unsure, the set-up review will tell you either way.
Questions directors ask before they move
What does the monthly fee include for year end accounts and corporation tax?
One monthly fee covers the year end accounts, the CT600, the confirmation statement, VAT returns, bookkeeping, payroll and pensions and the director’s self assessment. Proactive planning is included on a fair-use basis: VAT scheme review, salary and dividend planning and the corporation tax forecast a month ahead. The fee is scoped after Nasir has reviewed your set-up. Capital gains returns are charged separately.
We already have an accountant, is it worth changing?
Only if something is missing. If your current accountant tells you the tax figure before the year end, has checked your VAT scheme against your real costs and replies within the week, stay where you are. If none of that happens, you are paying for filings and calling it advice. The set-up review shows you which it is.
Do we have to move to Xero or change our software?
No. Nasir reviews what you already use as part of the set-up review and tells you whether it is right for your transaction volume and VAT position. If it works, it stays. A change is only recommended when the current set-up is creating work at the year end or hiding the numbers you need in between.
What happens with our current accountant if we switch to Nexus?
You do not chase them yourself. Nexus writes for professional clearance, collects the records and agrees the closing figures from the last set of accounts, then sets the timetable for your first year end. Most directors tell their accountant once, in a short email, and hear nothing more about it.
When do you need our records for the year end accounts and corporation tax return?
The routine means records are current through the year rather than collected in one block. The forecast is produced about a month before the year end, so any remaining queries are cleared then. Accounts and the CT600 are then prepared and filed well inside the Companies House and HMRC deadlines, not in the final week.
Do you work with limited companies outside Milton Keynes?
Yes. Nexus is based in Milton Keynes at Stacey Bushes and works with clients across the UK remotely, including Bedford, Northampton, Luton, Aylesbury and London. Meetings are held by video and Nasir rarely needs to meet in person. You deal with him directly either way, on the phone or by email.
Three ways to take the next step
Take the two-minute quiz
It tells you whether Nexus is the right fit, and if it is, the set-up review is where your structure, VAT scheme and tax forecast get looked at.
See if Nexus is a fit 02 · A question firstGot one question about your year end?
Email or call and Nasir answers it himself, usually the same week.
Ask Nasir a question 03 · Still decidingStill deciding
The guides explain how the year end timetable works and what a forecast a month ahead actually lets you change.
Read the guides →