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Who We Help

Preparation of Statutory Accounts

Year-end accounts make a lot of difference. They are the backbone for suppliers and customers, credit agencies, etc. There are many reasons why is it so important. The reason is that suppliers and customers check accuracy so that they can take proper decisions. Credit agencies base their ratings on them. They therefore need to be accurate and well presented for public inspection.

Reporting the transactions to several government departments and bodies can be time consuming and not that fruitful to your business. SK Accountancy & Taxing Services are here to manage your business objectives.

We ensure that you deliver a finest set of accounts which fully comply with all of the latest standards and develop a pro-forma for your finance team by preparing the complete set of accounts for you to review and approve. In this way, we support local small businesses and tax payers to meet statutory accounting and reporting requirements in accordance with Financial Reporting Standards.


Self-Assessment

Many people find it complicated and time-consuming so it's no wonder that almost 1 million people a year are fined for failing to return it to H M Revenue & Customs.

We are here to help you by analyzing your self-assessment tax return to see if any tax savings or any anomalies can be made and reviewed that need to be addressed before the return is submitted.

By giving our 100% with our top-notch services, we help to minimize your risk of a HM Revenue & Customs enquiry into your tax affairs. We also explore the possibilities of deferring your tax payments or negotiating a payment plan with HM Revenue & Customs so that you never face problems of cash flows.


Registration for sole trader with HMRC

If you like to branch out your own business then register as a sole trader with HMRC. There are many benefits you can enjoy if you register as a sole trader. It is quick, easy and involves no cost.

We would love to handle your sole trader company set-up and get the best service you’ll never regret. If you want to register your own sole trader business, choose us and get the best benefits from SK Accountancy.

With empirical knowledge in this field, we have the experience and expertise to do it properly for you. We believe that registering correctly is the most important thing for you to do as a new sole trader, and we are well aware with the number of responsibilities that it is important as you go on with your business. Hence, we ensure that the registration from our side will be 100% accurate so that you carry your sole trader business fruitfully.


Tax Planning

If you are an entrepreneur, tax planning is essential to accounting services. As your business grows and turnover increases, so will your tax burden and whilst you want to stay within the confines of taxation rules, you also want to be clear that your accountancy firm has identified all potential savings for you.

Our first class accountants focus on the things that matter most to clients such as maximizing all sources of tax mitigation and provide innovative tax planning services and solutions to companies. We also specialize in high net worth individuals.

We accept innovation by going further and focus on cutting edge tax reduction arrangements. We work with a local small businesses and tax payers and have a friendly team. As a result, our tax team will offer the most innovative solutions for tax planning especially tailored for you.


Bookkeeping service

It is very essential for all business to build good book-keeping practices which benefits the business. It also helps you to manage and control your finances and plan for future growth.

We ensure that your accounts are completed more efficiently, which should in turn avoid late filing penalties. Our team is expertise in assisting you with bookkeeping, VAT returns, management accounts and payroll requirements providing a complete profitable solution to your day-to-day accounting needs.

We understand that maintaining your financial accounts and records, supervising accounts staff, dealing with accountants, auditors, bankers and creditors all place pressure on the valuable time and monetary resources of your business. Hence, we provide you with a bespoke service to suit your requirements and ensure that you are receiving the information you need.


Management Accounts

A management account is basically accurate information of accounts and reports so that managers can make short-term and long-term decisions.

We are efficient in creating monthly or weekly reports to show the amount of available cash, sales revenue generated, and amount of orders in hand, state of accounts payable and accounts receivable, etc. and may also include other statistics.

Management accounting is a crucial business ‘asset’ and we effectively identify information needs of management and enlarging system to meet needs such as planning, forecasting, budgeting, cost and revenue management and performance measurement.


VAT Returns

A VAT Return is a form which shows how much VAT you are due to pay them. It is an important form which is supposed to be filed with HMRC. It shows the calculation of the amount of VAT due on sales minus the amount of VAT reclaimable on purchases.

To get rid of preparing and submitting your VAT Return, we carefully process your bookkeeping and check that everything is in order. We hearken to certify for all VAT your business has incurred, so that you pay as little VAT as possible to HMRC.

Once we find everything is accurate we will review your business circumstances to see if any guidance can be made to ensure that you are on the most beneficial VAT scheme for your business.


Payrolls

Payroll is basically "money paid to employees" and is crucial because payroll and payroll taxes considerably affect the net income of most companies and also subject to laws and regulations. In other words, a payroll is a company's records of its employees' salaries and wages, bonuses, and withheld taxes.

We help you run your business smoothly by simply entering your employee’s basic hours and wages, calculations, etc. and ultimately protect you from facing penalties and fines, late tax filings and unhappy employees.

We work with our clients to safeguard that employees are paid on time and that all of our employer’s legal obligations are met. Our key responsibility is to make it easier to monitor our employee’s attendance and time at work.


Limited Company

As you may be aware, there are various types of limited companies such as private unlimited company, public limited company, limited by shares and limited by guarantee.

In UK, most of the people prefer limited company by shares. Once you decide that you want to start your venture under Limited Company, and then the next step is that it has to be registered with the company’s house.

After incorporation, our first step is to have the knowledge of your business thoroughly so that we get a clear insight to guide you according to your business requirements. After gaining knowledge of your business, we start explaining each and every aspect of the accounts in depth so you can distinguish all the figures and their impact on the business. We also make sure that the Limited Company Accountants are in consent with all the Companies House and Inland Revenue regulations.


Company Formation

We provide company formation services that can integrate your company with Companies House. You will receive the following from us:

  • A Certificate of Incorporation
  • A letter or Memorandum and Articles of Association
  • Certifying ownership or Share Certificates for share holders
  • Electronic filling codes for forthcoming filing at Companies House

We counsel you to meet your certain objectives and explain everything once we understand about your business.

Now say no to go for call centers! It’s time to choose us who’ll be your point of contact at all times. We will ace up your sleeve by sorting out tax bills and financial compliance for your venture and ensure you keep as much of your revenue in the most tax efficient way as possible, in consonance with HMRC requirements.


Landlord Taxes

We are an expert accountant based in UK and provide top-notch landlord tax return services for a firm fee that safeguard that the tax liability of landlords is kept to a minimum.

We help you fulfil all your constraints for being a landlord when HMRC comes into play. If you are running a property business, or renting room, or a property/flat for long term, we will guide you the best suggestion to diminish your tax bill.


Secretarial Services

If you have chosen a limited company, then it’s obvious that you have chosen the additional responsibilities too. We are here to hit the nail on the head by decreasing your legal and tax burdens effectively. We provide you full support to take the headaches out of complying with your statutory duties, and also ensure that statutory deadlines are met without delay.

We are here to solve all statutory obligations such as filing of accounts, annual returns, change of directors and secretary. Our professional team is able to help with the formation of companies, refurbishing of statutory records, and well-timed completion and submission of the annual return and annual accounts to Companies House.

We are also involved in processing changes where we deal with the issues and transfer of shares, changes in directors, secretary and shareholders. We methodically prepare documentation and minutes emerging from the purchase or sale of businesses or company purchase of own shares. We do company searches periodically including filed copies of annual accounts, annual returns and statutory records. Hence, you can rest assured by choosing us. Our rule of thumb delivers a peace of mind knowing that your compliance needs are in safe hands.