Profitax Accountants

Corporation Tax is payable from all taxable profits of any company that is based in the UK, Corporation Tax is calculated and paid annually based on the Corporation Tax accounting period.

Corporation Tax rates can change each year, which is important if your company tax year is different and runs over April. We specialize in Corporation Tax and we ensure that you complying with tax legislation and void HMRC penalties.

Our team can help you decide whether you need to be VAT registered from the outset or not and assist you to use the beneficial scheme for your business, in your tax with all aspects of financial planning in a tax-efficient manner and minimizing VAT liability. We will be Dealing with any contentious disputes that arise with HM Revenue & Customs. We will complete the VAT Returns in a timely manner to ensure you avoid any penalties.

ProfiTax has been providing extensive bookkeeping services to businesses all over the UK. it is important to record your business’s financial information so that it’s easy to see what money is coming in and what you’re spending. For your business to be successful, you need to keep your books up to date. By using the bookkeeping service, you can offload all the hassle of managing your financial records.

Profitax provide a professional, reliable confidential, and cost-effective service,

Our payroll team will calculate employees’ tax and national insurance contributions, sick leave, paternity or maternity leave, employer’s national insurance contribution. We send the final payroll calculations for your approval and provide you with paper payslips or electronic versions which can be emailed directly to your employees. we can ensure that your staff receives the most efficient service possible.

Our service is aimed at individuals to help ensure that the tax return is completed in a timely and efficient way and more importantly, ensuring the right amount of tax is paid. ProfiTax has the expertise and software to take the stress out of the form filling and compliance aspect of Self-Assessment and help you to avoid costly mistakes by offering a comprehensive self-assessment service.

Our team of experienced accountants is helping business startups to achieve their goals. Bring us your business ideas and we’ll help you to evaluate them constructively and realistically. We work with you to look in detail at your business to identify the areas for potential growth and profit improvement and supporting you to reach your goals.

Profitax has a team of dedicated management accountants who can help you to manage your business. Management accounts are crucial as it provides key insights that help a company’s management team make many of their key decisions. They also support decision making within a company by providing a wealth of financial and statistical information.

The capital gains tax is a government fee on the profit made from selling certain types of assets. These include stock investments or real estate property.

Inheritance Tax is a tax on the property, money, and possessions of someone who’s died. Our IHT department teams will work closely with you to plan for any inheritance tax applicable, when the tax is payable or whether you are exempt, and help our clients minimize their tax liability as much as is legally possible.

Cash flow management is the process of tracking how much money is coming into and out of your business. Cash flow is the term used to describe changes in how much money your business has from one point to another. We Help you to improve your cash flow and effectively reducing the levels of your debt so you can potentially save more money by reducing your interest costs. having a healthy cash-positive business gives you the flexibility and capacity to grow your business.

Profitax is a specialist in property accounts. We have been helping our clients to buy Residential and commercial properties, selling, capital gains tax, landlord’s income tax, stamp duty & land tax (SDLT), value-added tax (VAT), corporation tax, inheritance tax (IHT), Capital allowances, tax-efficient structures & strategies, non-resident landlord scheme.