HKL Accountants In Ilford, Essex

If you are a small business owner and looking for a cost-effective way to prepare your books, we at HKL Financial Services can do all that for you. We understand that bookkeeping is a time-consuming task and involves procedures. Our fully qualified bookkeepers with over 10 years’ experience working with small businesses can manage that for you. We provide an efficient, reliable and stress-free service so you stay focused on your core business and focus on growing your business.

PACKAGE
We offer a tailored package that meets your requirement, suits your business. We focus on providing quality service at a fixed price so you know in advance what and for what you are paying so your business never has to face any surprises.

It doesn’t matter where you are based, the only thing you need to ensure is that you either e-mail us your documents or send them by post on time. We will ensure everything is in order and prepare the books for you in a professional manner and according to accounting rules and regulations

As an employer operating PAYE (Pay As You Earn) is a part of processing payroll before making payment of salaries to employees. Under the PAYE the employer is required to deduct certain amounts from employees pay, like tax and National Insurance etc. The employers need to complete certain tasks during each month.

We can take the strain away from you by providing the payroll services for employees and ensuring all the requirements of operating PAYE are met. We have a team of qualified experienced professionals who will take care of the complex calculations of income tax, employer, and employees National Insurance contribution and will ensure your monthly payroll is processed smoothly.

Also, it is a legal responsibility of all employers to provide a pension that meets minimum standards by 2018. All employees over the age of 22 years and below State Pension Age must be enrolled into a pension scheme as long as they earn a certain amount per week/month. We will take care of the Auto-enrolment of your employees in pension scheme as these statutory duties do not need to be a burden for you and we can manage your pension duties alongside your payroll.

Our services include:
Employee payslips, P45 and P60’s
Monthly summary
Dealing with leavers and starters
SSP and SMP calculation
Real-time information (RTI) PAYE returns for HMRC etc​

Corporation tax is a tax levied on the profits made by UK resident companies or by companies registered overseas with permanent establishments in the United Kingdom. With changing rules and regulations regarding tax rates and reliefs, it is very important to take advantage of all the exemptions, allowances and deductions available for tax return calculations.

Our team of qualified tax accountants is fully converse with the tax rules and regulations. We understand what needs to be done and we can file the corporation tax return in a timely and efficient manner. Whether it is a quarterly corporation tax calculation or yearly corporation tax calculation, we will be happy to assist you and manage your filing for you without you facing any fear of penalties being imposed for non-compliance. We will assist in minimizing your tax liability and maximizing your wealth.

CORPORATION TAX PAYMENT
It is the legal responsibility of company owners to pay corporation tax or tell HM Revenue and Customs that your Company doesn’t owe anything within 9 months and 1 day after your accounting period for Corporation Tax ends.

WHEN TO FILE
It is the responsibility of company owner to file a corporation tax return within 12 months after your accounting period for Corporation Tax ends.​

A self-assessment is a calculation of the amount of taxable income and gains after deducting reliefs and allowances, and a calculation of income tax and CGT (Capital Gains Tax) payable after taking into account tax deducted at source. All taxpayers must retain all records required to enable them to make and deliver a correct tax return.



We aim to minimize the tax liability of your clients and to give them that peace of mind that their tax duties are met yearly. We will take great care in trying to learn about our clients’ interests, their personal and their family circumstances in order to plan for their future tax affairs. We are a trusted advisor and above all, your friend. We will approach you in advance to remind you of your duties. We will help you gather all the documents required to prepare for your tax return, calculate your tax liability and file your tax return. All you need to do is sit back and let us take care of all the work.

Value Added Tax (VAT) is a tax on the sale of goods and services and in the UK, businesses must register with HMRC for charging VAT if their annual sales reach a certain level. If you are starting out and you are unsure whether you need to be registered for VAT or not, we can help you decide that.

Sometimes the VAT affairs of the business are simple and the management can file its VAT Returns themselves. However, more often keeping records for VAT purposes, completing and filing VAT returns to HMRC is a time consuming and hectic task for the business as it involves complex workings and requires up to date the knowledge of the VAT rules and rates defined by the HMRC.

We can advise you whether you should feel comfortable filing your VAT returns or would require assistance in doing so. Your business will benefit from the professionally qualified VAT experts at HKL Financial Services.

Our services include providing services for:

VAT Registration (compulsory and voluntary)

Helping business keep the required documentation and in the format as required by the law

Completion of VAT return and submission of the same to HMRC