Profectus Accounting

03/09/2024

Starting your own business is an exciting journey, but it comes with its challenges. Young entrepreneurs, are you aware of how crucial accountancy is for your success? From company formation to HMRC registration and beyond, an accountant can guide you through the essential steps. Profectus Accounting offers comprehensive services to help you navigate the complexities of business life.

Get started on the right foot and ensure your business is set up for success.

Read more about how we can help below

Discover essential accounting tips and insights every young entrepreneur should know to manage finances effectively and grow their business.

02/09/2024

Is Your Limited Company Dormant? Here’s What You Need to Know!

A dormant company might be inactive now, but it keeps the door open for future business activities without the hassle of starting a new company. Learn about the key facts, filing requirements, and how to maintain your company's dormant status to avoid penalties.

Thinking of making your company dormant? Or want to know how to reactivate it? We've got you covered!

👉 Read our full blog below:

Learn the essential facts about dormant companies, including their legal status, tax obligations, and why maintaining one might benefit your business.

30/08/2024

Thinking About Closing Your Limited Company? 🚨
Understanding the process of closing a limited company can be crucial, whether your business is solvent or insolvent. From striking off a solvent company to navigating a creditors’ voluntary liquidation, there are steps you need to follow to ensure everything is done correctly.

💼 Key Points:

How to strike off your company from the register
Steps for voluntary and compulsory liquidation
Important legal obligations and timelines

🔗 Want to learn more? Dive deeper into the process and make informed decisions about your company's future by reading our latest blog post.

Learn how to close a limited company with Profectus Accounting. Get step-by-step guidance for a smooth dissolution. Get in touch

29/08/2024

Thinking About Your Retirement as a Company Director?

As a company director, understanding your pension options is crucial for securing a comfortable retirement. Did you know that your business can contribute up to 100% of your annual income to your pension and receive tax relief? Plus, your pension contributions are exempt from National Insurance, making it a tax-efficient way to use your business profits.

💼 Learn how you can maximize your pension savings and make informed decisions about your retirement.

👉 Click below to read more on our blog

Start planning today for a secure tomorrow with Profectus Accounting!

Discover essential insights on pensions for company directors. Learn how to optimize your retirement planning and secure your future.

28/08/2024

Big changes are coming to the tax rules for furnished holiday lettings (FHL) starting April 2025. The government has announced the abolition of special tax arrangements for FHLs, impacting everything from business asset relief to capital allowances and pension contributions.

If you own or are considering investing in furnished holiday properties, you’ll want to understand how these changes could affect you. Our latest blog breaks down the current benefits and the upcoming shifts, including the impact on capital gains, tax reliefs, and more.

🔍 Read the full article to stay informed and plan ahead: Link below

Stay updated on the latest changes to tax rules for furnished holiday lets with Profectus Accounting. Ensure compliance and optimize your tax strategy.

27/08/2024

Are you thinking about becoming a landlord and diving into the buy-to-let market? 🏠 While rental properties can boost your monthly income and serve as a long-term investment, it's essential to be well-informed before you take the plunge.

From understanding buy-to-let mortgages and rental yields to navigating taxes and ongoing maintenance, there's a lot to consider. We've covered all the key points you need to know in our latest blog post.

Don't miss out on these valuable insights! 👉 Click below to read more and start your journey to becoming a successful landlord today.

Becoming a Landlord? Discover essential tips and insights on buy to let properties with Profectus. Make informed decisions and optimize your investment.

26/08/2024

Are you exploring ways to enhance employee benefits while reducing tax liabilities? Our latest blog dives into salary sacrifice schemes—an effective method for offering valuable perks to your team while optimizing tax savings.

💡 What You'll Learn:

How salary sacrifice can benefit both employers and employees
Types of schemes to consider, from Cycle to Work to Healthcare
Tax implications and how to choose the right scheme for your business
Don't miss out on this opportunity to make your benefits package more attractive and boost employee satisfaction.

Click below to read the full blog

Explore salary sacrifice schemes for small businesses with Profectus Accounting. Optimize employee benefits and reduce costs with expert guidance.

23/08/2024

Are you a non-resident landlord in the UK? It's crucial to understand your tax obligations to avoid unexpected fines and penalties. If you live outside the UK and own rental properties here, you're considered a non-resident landlord (NRL) and must pay income tax on your rental profits.

📊 Wondering how to report your NRL income, how much tax you'll pay, and how to stay compliant with HMRC? Our latest blog breaks it all down for you!

🔍 Learn about:

Who qualifies as an NRL
How to report rental income
Tax rates and deductions
Avoiding penalties and keeping good records

Don’t let tax issues catch you off guard! Read our blog to ensure you're on top of your UK tax obligations: https://bit.ly/4fXw7LV

Explore our comprehensive guide for non resident landlords. Learn about tax obligations, compliance, and financial tips with Profectus Accounting.

02/05/2024

The government says 2024 is the year of the SME. So, did the measures live up to our expectations for small and medium-sized businesses?

The announcements affect employers, employees, self-employed people and owners of limited companies. They include changes to the threshold, and tax allowances on dividends.

See our latest blog to find out more about the Spring Budget announcements.

https://www.profectusaccounting.co.uk/resources-and-tips/what-the-spring-budget-2024-means-for-small-businesses/

The government says 2024 is the year of the SME. Did the Spring Budget’s measures live up to our expectations for small and medium-sized businesses?

18/04/2024

are still positive about the prospects of the buy to let market.

Whether you’re planning to buy a single property or add to a growing portfolio, good financial record keeping is essential.

See our latest blog to find out more about for landlords:

https://www.profectusaccounting.co.uk/resources-and-tips/bookkeeping-for-landlords/

You’re automatically a landlord if you receive rental income from privately owned property and will probably need to pay income tax and NICs.

28/03/2024

When you move into a role there’s quite a lot to think about. It’s a good idea to take some professional bookkeeping advice to keep your finances in order.

With the right bookkeeping support, you’ll understand your day-to-day , giving you confidence your is under control.

This will help you plan ahead and put money aside for savings and taxes, for example.

See our latest blog for a guide to bookkeeping for contractors:

https://www.profectusaccounting.co.uk/resources-and-tips/your-guide-to-bookkeeping-for-contractors/

07/03/2024

We’re very pleased to confirm we’re now helping our clients receive payments faster, thanks to our new partnership with fumopay.

If you use Xero to create your sales invoices, fumopay allows your customers to pay online in a couple of clicks.

It’s faster than a bank transfer and cheaper than taking card payments via Stripe or PayPal, for example.

Find out how to with fumopay in the latest blog from Profectus Bookkeeping:

https://www.profectusaccounting.co.uk/.../faster.../

We’re very pleased to confirm we’re now helping our clients receive payments faster, thanks to our new partnership with .
If you use to create your sales invoices, fumopay allows your customers to pay online in a couple of clicks.
It’s faster than a bank transfer and cheaper than taking card payments via Stripe or PayPal, for example.
Find out how to with fumopay in the latest blog from Profectus Bookkeeping:
https://www.profectusaccounting.co.uk/.../faster.../