Protax Consultants Ltd

Bookkeeping is a very time consuming and repetitive work. This often takes huge amount of your time on daily basis which means you have less time to focus on your business. We are here to help. Our bookkeeping services allows you to focus on your core business activities. Bookkeeping is an art which assist businesses to categories all the items precisely. This then facilitate you to make accurate decision about your business. We aim to process the information on timely manner therefore you have up to date and accurate information to make your decision. We have team of specialist bookkeepers who can work effectively and efficiently to deal with your financial matters. For further information, please contact our friendly team.

All businesses whose turnover is above VAT threshold are required to register for VAT compulsory and submit VAT returns usually on quarterly basis. This is very complex area and require detailed knowledge of VAT rules. There are various schemes such as Cash Accounting, Standard Accounting, Flat Rate, Margin Scheme, Annual Scheme etc. We analyse your business in great depth to recommend you which VAT scheme suits your business need i.e. those businesses who are more likely to claim back VAT on regular basis are better to be registered on monthly scheme. This will help your business cash flow. There are various VAT rates available such as Standard Rated, Reduced Rated, Zero Rated, Exempt and Outside scope VAT. If you are struggling to understand complex VAT rules, then contact our team. We have expert team who have extensive knowledge in this area and always willing to help you understand the needs of your business.

There is no doubt this is one of the major running costs of your business so detailed tax planning is required to structure your business. This is very complex area and often businesses fail to identify the reliefs available and pay unnecessary tax. We help your business to calculate right amount of corporation tax and remind you about the payment deadline to assist cash flow of your business. We also provide tax efficient advice regarding withdrawal of funds from the company. Our firm has great understanding of tax system and help our clients to maximise their profitability. For further details or fee quotation, please speak to our corporate team.

Individuals, partnerships, and unincorporated businesses are required to submit their tax returns on annual basis. The deadline to submit online tax return is 31st January every year. You can submit your returns yourself however due to regular changes in tax policies, this can be very time consuming exercise for you. Our team is here to help, we help individuals, partnerships, and businesses to submit their tax returns accurately and on time to avoid any future enquiries from HMRC. We assist in complex taxation matters and our aim is to increase the bottom line by maximising tax reliefs available. We also assist our clients in various complex tax planning matters. For further details, please contact our tax consultants.