Tax Credits & Deductions Review (Ltd Companies)
A Tax Credits & Deductions Review checks your limited company’s records during the accounts process to identify legitimate reliefs, allowances, and deductible costs you may have missed. The aim is simple: reduce your corporation tax bill where possible while keeping your accounts and filings accurate, consistent, and properly supported.
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What the review covers
We build this review into the year end accounts work, so it is based on what is actually in your books and what can be evidenced.
- Review of expense categories to confirm what is allowable and what should be treated differently
- Identification of missing deductions, accruals, or prepayments that affect taxable profit
- Capital allowances review for qualifying assets (equipment, tools, IT, software, and some vehicles)
- Consideration of relevant reliefs such as R&D tax relief where the activity and records support a claim
- Checks on director and employee benefits and reimbursements to ensure the right tax treatment
- Loss relief considerations where applicable, and how losses are carried forward
- Clear notes on what has been claimed and what evidence should be retained
When this service is most useful
This review is a strong fit for owner-managed limited companies where costs are varied, asset purchases are common, or the business is changing.
- You have grown quickly and want confidence nothing is being missed
- You have bought equipment, computers, tools, or started using new software
- You incur mixed business and personal costs and want clear boundaries
- You think you might qualify for R&D tax relief but are unsure what counts
- Your bookkeeping is up to date, but you want a second set of eyes before filing
How the review is delivered
The review is completed alongside the year end accounts and corporation tax work.
- We review your bookkeeping, ledgers, and supporting documents (or exports if needed).
- We ask targeted questions to clarify the nature of specific costs or projects.
- We propose any adjustments needed for correct tax treatment and agree these with you.
- We reflect the final position in your statutory accounts and corporation tax return.
What you receive after the review
You get practical, plain-English outputs you can use year after year.
- A summary of key deductions and reliefs applied, and why
- A list of any items treated as disallowable, with the reasoning
- An evidence checklist to help you stay audit-ready
- Recommendations to improve how expenses are recorded going forward, so future reviews are quicker and more robust
Frequently Asked Questions
What counts as an allowable deduction for a limited company?
Can you check whether we qualify for R&D tax relief?
Do you need access to my accounting software?
Will the review change my year-end accounts or Corporation Tax return?
How can I improve deductions and record-keeping going forward?
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