Your Strategic Business Partner For Handling Accounts And Taxes

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Preparation of Statutory Accounts
For compliance purposes, all the companies registered with Companies House should file accounts at the end of every financial year. Hence, preparing and submitting annual accounts following the format of the Companies Act is crucial. Businesses should comply with the Companies House to be on the safe side. While you should submit detailed statutory accounts must to HRMC; all companies will take the exemption, regardless of the tax values, and file only abbreviated accounts.
Besides this, statutory accounts act as a supporting spine for stakeholders to get an idea about the company’s financial condition. Thus, preparing full-fledged year-end and statutory accounts might seems a time-consuming process. That’s why companies prefer to outsource the task to reliable and cheap accountants.

Having prepared statutory accounts for all types of businesses, SKATAX ensures that the annual accounts will be error-free. We work entirely following the Companies Act. Our experts also work as online accountants to ensure that our clients can get in touch with us to get quality information about statutory accounts whenever needed.

We deploy project management strategies along with quality control procedures to make sure that your Annual Accounts are prepared timely. Apart from this, we put an enormous emphasis on the superior quality of statutory accounts. Our dedicated team is always ready to help the clients to stay ahead of due dates and jurisdiction requirements.

Self-Assessment

If you are self-employed, have a rental property, own a limited company, or received income during the tax year on which tax is still due, then you need to complete and submit the HMRC tax returns.

Failure to complete self-assessment and filing the tax return on time to HMRC can result in hefty penalties and fines. If you are looking for cheap accountants in East London, then SKATAX is the right choice for you. We take off the hassles of self-assessment and tax returns from you and will put it on our shoulders.

Our expert online accountants calculate the taxable income and give you reliable accounting advice. We let you know if you need to pay any taxes, or can get a tax refund. We provide expert assistance to our clients in analysing tax-saving opportunities under the code of law for saving your money. Thus, self-assessment is essential to file self-employed tax returns as it helps you in calculating your tax liabilities.

If you are going to file self-employed tax returns, you should submit individual records. For instance, you need to provide the records of your sales and takings along with purchases and business expenses. We will handle the rest of the process on your behalf.

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Registration for Sole Trader with HMRC
Are you starting your career as a sole trader and don’t know exactly how to register with HRMC? SK Accountants and Tax Consultants Ltd. can help you in this regard. Registering as a sole trader with HMRC offers many benefits for the organisation. As you need to inform HRMC that you pay due taxes through self-assessment, we can help you with that.
Registering with HRMC is a hassle for entrepreneurs as they don’t have much time to focus on these aspects. Thus, it can result in penalties and massive fines. If you are starting your business and will be filing self-employed tax returns, then registering with HMRC is an advantage.

SK Accountants and Tax Consultants Ltd. employ professional accountants for self-employed persons who are experts in what they do. With our top-notch accountancy services and legal advice, you can complete the process timely and smoothly.

The procedure of registration is complex and involves numerous phases. Therefore, we ensure the error-free execution of the process, which reduces the possibility of HRMC interference in any case. Our expert online accountants with extraordinary knowledge will help you in simplifying the process.

Tax Planning

At SK Accountants and Tax Consultants Ltd., the main objective of tax planning is to help businesses and individuals in reducing their tax liability as much as it is possible and allowed by the tax law. Our tax planning services intend to keep our clients cautious and acquainted with the complicated tax laws.
We develop tax plans strategically to minimise your personal, corporate, future, and dividend tax liabilities. Thus, our consultants offer deliberate and efficient services to reduce your tax burden. SKATAX has the specialised expertise to execute the tax planning and tax-saving processes without any hassle.

As a reputable accounting and tax consulting firm, we have comprehensive knowledge and the required experience of working with various businesses. Whether you run a small, medium, and large enterprise, you can count on us. Our expert accountants have the skills to handle the tax cycle, including all the features, efficiently. No matter if it’s tax planning, tax preparation, submission, and controversy, we have the ultimate solution. Above all, our well-founded strategies provide accurately prepared tax returns, related opinions, and specialised consultation.

Being among the top accountants in East London, we also help in identifying the new practical and legal drawbacks. We strive to make a noticeable difference in the tax process of our clients.

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Bookkeeping service

Poor bookkeeping and accounting are the reason most businesses fail. Bookkeeping helps you in maintaining accurate financial records as you should keep proper records/books by the law.

Still, many businesses fail to implement this integral process accurately. Providing reliable bookkeeping services in London, SKATAX creates ease for the clients. We take away the hassles of all your accounting processes. While keeping updated and error-free financial records and proactive reporting, our bookkeeping services enable clients to make an informed decision.

Our specialists record tedious daily financial transactions carefully and under strict supervision. Besides this, we have Xero Certified Accountants onboard to ensure the quality of our services. Our QuickBooks Certified Accountants have specialised expertise in recording all the financial transactions properly.

Our Xero Certified Accountants and QuickBooks Certified Accountants work side by side to provide needed support to give better results. SKATAX is rated among the top bookkeeping services in London, with its risk-reducing benefits and minimising monetary embezzlements. Above all, our team experts help clients with VAT returns, bookkeeping, daily financial management, and payroll.

Management Accounts

Management information plays a pivotal role in managing your business successfully and moving it forward. Having a certified and cheap accountant with real-world experience to analyse and translate your financial can be of great help. We also analyse non-financial data every month to help you in making informed business decisions. Most importantly, our approach goes beyond merely data evaluation and focuses on value creation.

We offer the flexibility of choosing monthly or quarterly management accounts, depending upon your personal preferences and how closely you want to monitor your business. Our Cloud expert accountants help you to analyse the information available from other sources quickly.

As a minimum, the generic management accounts service of SK Accountants and Tax Consultants Ltd. includes a profit and loss account along with the balance sheet. Besides, we ensure that your management report will be easy to understand. We also simplify the analysis of your progress, supporting decision making, and management planning.

Our management accounts service helps businesses in keeping their finger on the pulse of the company. By monitoring and quickly assessing the impact of the changes introduced, a business can certainly connect the dots more often and stay on track in various essential business scenarios.

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VAT Returns

VAT is the consumption tax on a product after adding the value; at the production stage or point of sale. Calculating the VAT accurately and filing the Monthly/Quarterly or Annually VAT returns are the responsibilities of the taxpayer. Thus, it’s mandatory to keep digital records of the business transactions to send it to HMRC. VAT registered business can do this through Making Tax Digital (MTD), if their taxable turnover is above £85,000.

Preparing VAT returns according to current legislation, accounting and submitting them timely to HMRC can be a daunting task.

At SK Accountants and Tax Consultants Ltd., our small business tax accountants help you in managing your returns and ensuring compliance with the regulations of HMRC. The VAT returns indeed explain in

detail the due amount to be paid to the HMRC.
If the turnover is higher than the HRMC’s specified VAT threshold, then you need to register the business for VAT. Afterwards, you must prepare and submit VAT returns, whether monthly or quarterly, to HMRC.

We offer cheap tax return services for enterprises that lack time and resources. Leaving the task to prepare returns of your business to the shoulders of our expert accountants gives you ample time to focus on other important business aspects.

Payrolls
Calculating the VAT accurately and reporting Real Time Information (RTI) are the responsibilities of taxpayers along with P32 and P30.
Efficient payroll processing and tax administration have become a necessity for every organisation to optimise productivity and improve administration. SK Accountants and Tax Consultants Ltd., therefore, ensure smooth payroll management. We will help you in calculating and administering the tax in the long-run.
Our online accountants provide you with better resource management while saving you from the time-consuming tasks of processing payrolls. Having years of experience in handling corporate payroll and tax-related matters, we help businesses submission of Real-Time Information (RTI). Besides this, we also assist in the handling of P32, P30, P46 form, P60, P45 form, P-8 form, and other forms handling. Further, our online accountants can tailor a solution according to the specific needs of any organisation.
Payroll tax administration would ultimately benefit the organisation, while submitting tax returns, through its impact on net income. Payroll administration, in general, provides detailed information about salaries, bonuses, incentives, and with-holding taxes of the company’s employees.
We take off the hassle of maintaining the hourly work records of the employees and wages calculation to save your precious time. Above all, our experts will monitor and maintain the record of attendance through proper timesheets. By outsourcing the services to us, you will be able to disburse the salaries on time to garner employee satisfaction and increased motivation.
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Limited Company

Everyone wants to quit the job and start their own business and aspire to touch the height of success. If you are planning to do so, then here is good news for you. The laws and economic conditions are favourable in the UK to register a company with a minimum tax on dividends. In short, the economy and business market of the UK support people to realise their dreams and accomplish their goals.

With SK Accountants and Consultants Ltd., setting up a limited by share or limited by guarantee company has made easy and effortless. We will be there to help you and taking care of the tax-related matters.

Companies with limited liabilities should register while adhering to the Companies House’s rules and abiding by the law. The majority of the people in the UK prefer to register a company limited by shares. However, registering with Companies House is hassle-free with our advisory services.

After the successful incorporation of your limited company, our experts will carry out the next steps of registering the company into different taxes. To conclude, our professionals have simplified the registration process for limited by share or by guarantee company in the UK.

Company Formation

There is a misconception among business owners that incorporation of a company is much costly or time-consuming, but neither is the case. Forming a company through SK Accountants and Tax Consultants Ltd. provides benefits like tax savings for your business can gain.

Our exceptional company formation services provide an opportunity to invest your pre-tax trading income in a company pension scheme. SK Accountants and Tax Consultants Ltd. will accommodate you throughout the process of registering and establishing a company with Companies House.

We provide you with the certificate of incorporation, articles of association, letter of the memorandum, certifying ownership or share certificates for the shareholders, and electronic filing codes to aid you in future filings at the Companies House.

Our expert advisory services and assistance about the company formation process will make the process hassle-free. We provide professional service at each step of the procedure to carry out the process as quickly as possible.

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Landlord Taxes

The procedures of filing landlord tax returns can be depressing for the landlords living or temporarily staying outside the country. Even people living in the UK find it strenuous, and that’s why they fail to file the tax return on time. You need to seek out the services from reliable landlord accountants in London to submit the tax returns timely.

Our landlord tax return services at affordable rates will help you in enlisting ways to minimise the final tax amount that you would be liable to pay to be a Landlord in the UK. Thus, we will suggest possible measures and steps for tax mitigation as well.

Being among the top landlord accountants in London, we work as a helping hand to fulfil all the requirements enlisted by the HMRC. Our experts make sure that your accounts will comply with the Landlord Taxes regulations of HMRC.

Secretarial Services

Handling all the legal matters of a limited company can be daunting. We understand that running limited companies involve various responsibilities that you should carry out efficiently. The secretarial services can be time-consuming and include all the accounting and taxation tasks for the smooth functioning of any organisation.

We, at SK Accountants and Tax Consultants Ltd., provide unlimited support and expert assistance in carrying out the statutory obligations while ensuring compliance at the same time. Being the cheap tax return service provider, we are certainly the one-stop solution to all your accounting and tax-related needs.

Our top-notch and cheap tax return services would be of great help for your organisation to overcome the hurdles of HMRC compliance and delivering supreme quality results. We help in filling out 64-8 forms on your behalf to give a quick review of your company’s financial performance.

Our experts are here to take care of any aspect of the secretarial work of your company, giving plenty of time to the director to focus on the core business activities. Besides this, we ensure that statutory compliance obligations have efficiently adhered to.

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