Accounting and Payroll in United Kingdom
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Accounting in the UK
It is recommended, and probably in your best interest, to employ an accountant.
Accountants in the UK will nearly always save money, and more importantly, will make your business the most financially efficient it can be. Used wisely, they can make you more profitable than ever.
Accountants in the UK provide a range of services. They can look after everything financial, from fundamental book-keeping to more specific advice. You could hire an accountant simply to prepare financial statements for your tax return, or you may require them for other added-value services such as auditing. Accounts must be audited each year, unless the company or region you are based in is exempt.
It is essential to choose an appropriate accountant for your circumstances. If you just want an accountant to take care of your book-keeping, then a small firm will probably suffice. However, if you require astute financial and planning advice, a larger, more reputable company might be needed. Check they're chartered / registered with a recognised accounting body. It is important to lay out exactly what you want them to do for you and what the charges will be etc
Ultimately, applied and diligent record-keeping will keep your accountancy costs low.
Organisations that can assist with Accounting and Payroll
We’re Crunch, an award-winning online accounting service supporting over 11,000 freelancers, contractors, small businesses - almost anyone who’s self-employed. We offer 100% free accounting software & paid services for sole traders and ltd companies.
Nexus provides a bespoke advisory service across a range of areas for international clients. We combine a fresh approach with professionalism and expertise, offering a comprehensive, tailored services in today’s global and competitive market.
Paul Beare Ltd are UK based accountants and legal advisors to overseas companies setting up in the UK. They work with companies either entering, or already operating in the UK.
Simplified Global Payroll Managing payroll across multiple countries is complicated – with unique requirements, systems, and deadlines in each country, it can be difficult to ensure compliance. Using manual processes or spreadsheets to manage payroll can lead to errors, data security issues, and penalties. Blue Marble solves your challenges with secure, cloud-based global payroll technology, aggregated monthly reporting, and in-country experts in 100+ countries.