How to manage your Corporation Tax estimates with Tide Accounting

Stay on top of how much you might owe with your Corporation Tax estimates.

This guide shows you how to:

🔗 Manage your Corporation Tax estimates

🔗 Make your tax payments

Understand your Corporation Tax estimates

View your estimates

Tap Admin > Taxes

Tap View tax breakdown to see the tax due date, the estimated Corporation Tax you owe, and its tax period

You'll also be able to view your:

Net Profit and Loss: Download a report that focuses on your net income and expenses. You can also view your tax adjustments

Taxable Profit/Loss: The amount you need to pay, broken down into the different tax bands (or the taxes on different parts of your income)

Taxes due to date: The final amount you owe HMRC for the current time period

Edit your adjustments

Within the Corporation Tax breakdown, you can also view and edit your adjustments.

Adjustments are the changes you can make to your tax income, tax liability or tax returns, based on certain factors.

Two of these factors, which you'll find in our Corporate Tax breakdown, include your:

Capital Allowances: Spreading the cost of certain assets (ie. equipment, machinery, business vehicles, etc.) over time. We automatically populate this figure for you, based on how you've categorised all your expenses

Depreciation: Spreading the cost of certain assets (ie. buildings, vehicles, office equipment, etc.) over their useful life. You'll need to add this value in yourself

Both Capital Allowances and Depreciation amounts can be edited by clicking on the pencil Edit icon.