Our accountants in London, UK provide integrated services for companies looking for bookkeeping and accounting solutions, as well as overall tax management and UK personal tax compliance solutions. Accounting firms in London offer various packages, which are often tailored according to the size of the business, for local and international clients. For questions about tax laws, our lawyer in England can provide specific information, in addition to the services you select and that are offered by a chartered accountant in the UK.
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Services offered by our accountants in London, UK
Our team of accountants in the UK offer the following services:
- general bookkeeping;
- preparing the financial statements;
- payroll management in the UK;
- tax and business advisory services, offered by a tax advisor in London (see below);
- audits, offered by our audit firm in the UK.
Business owners looking for complex solutions can request the services of a certified management accountant in the UK. This is a professional who has obtained a special certification, issued by the Institute of Management Accountants (IMA).
Below, you can read about some of the services offered by our business accountants.
Business accountants in the UK
Local and foreign investors who set up a company in the UK are required to work with one of the accounting firms in London. This is mandatory as all companies must submit annual financial statements.
A business accountant will keep track of the company’s financial transactions and will make sure that the legal entity submits the annual financial statements, in compliance with the UK Generally Accepted Accounting Practice (the UK GAAP or the local accounting standards).
In addition to this, audit firms in the UK offer services to large companies that comply with the additional conditions for submitting audited annual financial statements.
Services offered by our tax advisor in London
A tax accountant in the UK can provide advisory services that help businesses maintain a comprehensive image of their financial status. Some of the solutions that can be offered by our team of accountants in London, UK for advisory purposes include:
- proper guidance on corporate and individual tax laws;
- understanding tax consequences or risks;
- tax minimization methods, in accordance with the local laws;
- income and investment planning;
- transfer pricing evaluations, tax valuation services, etc.
The solutions offered by our tax advisor in London can be used in addition to those provided when working with our accounting firm in London.
Taxes in the UK
All companies, regardless of their type, are subject to clear accounting and reporting requirements. In the UK, financial statements are filed on an annual basis and companies use a self-assessment regime. The corporate tax return is filed within 12 months of the tax period’s end.
Large companies are subject to different requirements as can be detailed upon request by our team of accountants in the UK.
Our tax lawyer in the UK reminds investors of the following taxes:
- 25% main corporate income tax rate;
- 19% small profits rate applicable to UK resident companies with yearly profits of GBP 50,000 or less;
- 20% standard value-added tax, with reduced rates of 5% and 0%.
If you are interested in information about individual taxation and compliance, our personal tax accountant in the UK can give you more details.
Contact the tax experts and our lawyer in London for more information about company and individual taxation, accounting and compliance in the UK.
