Outsourced Accounting
for Accountants
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Scope of Services
We provide a comprehensive range of accountancy and taxation services tailored for accountancy firm end clients, including: individual taxpayers, sole proprietors, limited companies, and partnerships.
Our team excels in cloud-based accounting technologies. We will also commit to learning and using any other software required by your firm when outsourcing more than 20 end clients to us.
We are also flexible with regards to the submission of accounts and tax returns to HMRC and Companies House, allowing you either to submit these yourself or commission us to do this on your behalf.
Our services encompass, but are not limited to, the following areas:
Personal Tax Returns – We meticulously we prepare and optionally submit Self-Assessment Personal Tax Returns for your end clients.
Financial Statements – We compile and optionally submit annual financial statements to Companies House and HMRC.
Bookkeeping Services – We offer a comprehensive range of bookkeeping services, including bank reconciliations, invoicing, and the recording of allowable expenses. Our services are tailored to meet diverse needs, such as:
- Direct P&L Model – Transactions are directly recorded against the Profit and Loss Account as they occur, with the nominal code varying based on the nature of the expense. This approach simplifies financial management and enhances transparency.
- Director Control Account Model – Essential for firms requiring all expenses to be substantiated with corresponding expense claims for compliance purposes. This model is crucial for identifying unclaimed expenses and calculating the maximum distributable funds for Directors.
- Landlord Property Accounting – Our bookkeeping services are customised according to the number of properties under management.
Company / Partnership Tax Returns – Based on the annual financial statements, we prepare and optionally submit annual corporation or partnership tax returns.
Monthly Management Accounts – We produce monthly management accounts in an agreed format, including Year-To-Date Profit and Loss Accounts, and Balance Sheets.
VAT Services – We we prepare and optionally submit VAT returns that are compliant with Making Tax Digital (MTD) requirements, ensuring your practice remains up-to-date with HMRC regulations.
Confirmation Statements – We manage the submission of annual confirmation statements for limited company end clients, maintaining statutory compliance.
Invoicing Services – Upon receipt of timesheets and rechargeable expenses by agreed deadlines under a third-party contract, we generate and provide invoices for services in an agreed format for your end clients.
Payroll Services – Our comprehensive payroll services include:
- Setting up and processing annual staff salaries.
- Monthly payroll processing and distribution of payslips to end clients.
- Preparation and submission of monthly Real Time Information (RTI) submissions to HMRC.
- Issuance of annual P60s to all end clients’ employees.
CIS Contractor Services – We offer a comprehensive suite of services for CIS contractors, including:
- Preparation of a ‘Monthly Summary of CIS Sub-Contractor Deductions’ report.
- Preparation of an ‘Annual Summary of CIS Sub-Contractor Deductions’ report.
- Monthly reconciliation and submission of CIS Returns to HMRC for subcontractors.
Benefit in Kind P11D Returns – Our services include the preparation and optional submission of P11D forms for end clients, covering all taxable benefits-in-kind (BIKs) received during the tax year.
CIS Reclaims – For Construction Industry Scheme (CIS) subcontractors, we handle the preparation and optional submission of CIS reclaims, ensuring compliance and maximising returns.
Dividend Vouchers – For limited company clients, we generate dividend vouchers for dividends issued during the period or annually.
While we strive to cover a broad range of services to showcase our capabilities, should there be any specific requirements not listed above, we encourage you to engage with our team to explore how we can accommodate your needs.
Tailored Solutions
We don't simply provide standardised packages which can prove expensive and inefficient. Instead, we allow our clients to customise the level of accounting service that suits their needs, ensuring you only pay for what you truly require.
White Label Outsourced Accounting Service
As accountants ourselves, we deeply understand the importance of “trust” and preserving the integrity of the accountant-client relationship. It is our top priority to ensure this bond remains intact.
To this end, we ensure that non-disclosure agreements are established to protect our agreement. Consequently, we provide our outsourcing accounting services on a “white label” basis, allowing you to maintain and manage the client relationship directly. Under no circumstances will we contact your clients directly.
You, as our client, will be our sole point of contact. Should there be any need for additional or missing information from your end clients, requests will be channelled exclusively through you. This approach enables you to liaise with your end clients as necessary.
This method has proven to instil confidence and trust in our clients, safeguarding the accountant-client relationship and ensuring the integrity and security of your end-client lists are upheld.
ICPA Affiliation
We operate a members benefits discount scheme with the ICPA, whereby ICPA members receive a discount on the cost of our services. So, if you are already a member of the ICPA or are considering it, then take advantage of your membership discount today!
We're Here to Help
We'd love to hear from you! Our UK offices are open 5 days a week and we would love to chat, speak or email with you. Get in touch today!
