Online Accountants for Professional Service Companies

You don’t need us to tell you that professional services companies aren’t the same as other businesses and we feel it’s a mistake trying to force them into some form of standard accounting package. That’s why we have made a specialism of working with companies that have expertise as their stock-in-trade.

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Startups

Small Businesses

Technology

Sole Traders

Self employed

Limited Companies

Partnership

Freelancers

Contractors

Ecommerce

Effective IR35 response

If you are operating as a personal service company then you can’t have missed the extension of IR35 to the private sector.

Due to arrive in April 2021, this will radically alter the relationship between contractors and the businesses they supply.

The biggest issue for professional services firms is that their customer will be responsible for assessing their tax status and as we have already seen in the public sector this can lead to widespread blanket determinations.

We offer a comprehensive IR35 consultancy service that will look at your work on a contract by contract basis and where necessary help you challenge determinations that you feel are incorrect.

We’ll look at your contracts and your business and let you know where you can make subtle but important changes to refine your relationship and ensure you stay outside IR35, and we’ll give you tips to reorganise your finances to make sure you pay only the tax that is due on your income.

If you’d like to talk over the issues that IR35 might cause then book a call now and we’ll show you how we can help.

Regulated professional?

Many of our professional services companies operate in a regulated area such as legal or financial services and we understand the need for an accounting service that reflects this.

It is important that businesses are able to give regulators a sense of confidence that their accounts are accurate and truly reflect the strength of the firm and our qualified accountants will do just that.

We can produce both management and statutory accounts for regulators and where they have specific input and reporting regimes we’ll produce a format that will satisfy inspectors. Our aim is to make regulatory reporting as simple as picking up the phone.

Services designed for professionals

As experts in your field, you need to make sure you have an accountancy and tax firm that are experts in their field.

We can help you with;

Improve your financial management

Providing an independent review of your accounts

Confirming client cash is processed in line with the rules.

Delivering efficient partnership tax planning

Advising on personal tax planning

Assisting you in organic practice growth

Succession and exit planning

Respond to tax investigations and enquiries

Why not call us now and let us show you how our professional accounting service can revolutionise your professional services firm?

NO NASTY HIDDEN FEES OR EXTRAS!

No hidden fees, no time-based billing, no extra charges for picking up the telephone, just one of our qualified professionals in your corner, part of your team, vested in your success.

Accounting for Professional Services

Included in the Professional Services Accounting Package

Accounts Preparation

Self Assessment Filing

A dedicated accountant

1-1 tax advice & your tax return filed

Integrated HMRC submissions

Tax Optimisation

Full access to our professional accounting software

Preparation and submission of the VAT return (if required)

Manage the company payroll (if applicable)

Unlimited Support , Online. By phone. In person

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From Just

£99.50

Per / month

Did you know that there are over 2 million freelancers in the UK at the last count?

Professional Service FAQ’S

What Are Professional Services?

Professional services refer to specialized, knowledge-based services offered by professionals, such as lawyers, accountants, consultants, and architects.

Why Do Businesses Need Professional Services?

Businesses often require professional services to access expert advice, ensure legal compliance, manage finances, and solve complex problems.

How Do I Choose the Right Professional Service Provider?

Research providers, check credentials and references, evaluate experience, and consider compatibility with your needs and values.

What Are Common Examples of Professional Services?

Common examples include legal representation, tax consulting, management consulting, financial planning, engineering, and IT services.

How Are Professional Services Typically Billed?

Professional services can be billed hourly, on a retainer basis, or per project. The billing structure varies based on the type of service and provider.

What Benefits Do Professional Services Offer?

Professional services can save time, reduce risks, improve decision-making, and enhance overall business performance by tapping into specialized expertise.

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Why go accountax for your Accountancy services

Dedicated 2 person Team

They will be your point of contact if you require any help along the way.

Tax Optimisation

Regular tax efficiency reviews to reduce your tax bill

Regular reminders

We send regular reminders prior to submission. We'd hate for you to be late!

Save Time

We want to give you back your time. No need to waste hours going through receipts and statements.

Free Accounting Software

Our easy-to-use free accounting software makes it easy to send out invoices and keep track of expenses.

Helping you save time and money whether you are a freelancer, sole trader or limited company.

And much more

Free Accounting Software

Our easy-to-use free accounting software makes it easy to send out invoices and keep track of expenses.

Helping you save time and money whether you are a freelancer, sole trader or limited company.

And much more

Our Services?

Accounts

Need help with your year-end accounts? we’ll ensure you save time, submitting your year-end accounts to HMRC and Companies House on your behalf.

Payroll

A complete managed payroll service for employers and directors

Self Assessment

Self Assessment doesn’t need to be painful.

VAT Returns

Calculating and reporting VAT is a complex, time-consuming process.

Bookkeeping

Bookkeeping is tedious for any business owner, and falling behind is easy to do.

Management Accounts

Bookkeeping is tedious for any business owner, and falling behind is easy to do.

accountax 360

Looking for information on our other accountancy services?

IR35 Consultations

Capital Gains & Allowence

Investigation Consultancy

Which Services do I need?

There are five core compliance requirements you need to be aware of:

Accounting - covers your annual filings

Bookkeeping - record keeping and classifying transactions into their correct accounting categories

VAT - you need to know when to register and file returns once registered

Payroll and pensions - you have to report to HMRC if you pay someone an employee a salary

Self Assessment - you personally may have to file an annual return, most commonly if you receive income that is not taxed at source, e.g. rental income or dividends

Three easy steps to Switch to accoutax family

Changing accountants isn’t something that you do regularly so we’ll walk you through the process and make sure that you are completely comfortable with your new firm.

This includes completing things like a letter to your old accountant and a form allowing us to act on your behalf with HMRC. (don’t worry, we’ll guide you through)

Let’s talk

We need to know about your business and what you are hoping to achieve from your accounting

Get going

We’ll integrate with any systems you already have and refine our processes so that you get the service you deserve