PK Accounting Service Ltd
SM2, Sutton
(40)
SM2, Sutton
(40)
PK Accounting Service is a well-established and progressive firm of accountant and tax consultant based in South London.
We operate as an entirely digital and online accountancy practice, which means we can share our expertise and services with clients, wherever they are in the country.
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40 customer reviews
Prashant Shelter
have been dealing with Prasanna from last 3-4 years and he has been amazing accountant. Very helpful and knowledgeable. Have always been saving on tax !
Joy E
Very fast and efficient service.
Very professional and really professional.
Highly recommended!!!!
Thank you so much for your patience and support. I am truly grateful and thankful.
Andy Simms
Tax Preparation
Prassana was absolutely fantastic. Knowledgeable, attentive, timely. A very professional outfit, I will certainly be using him again.
I ONLY ever leave reviews if service is outstanding or dyer.
Here I am, and I am impressed as will you be I’m sure.
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Rediol Barka
Accounting
They are very fast in replying and very helpful.
Reply from PK Accounting Service Ltd
Thank you for leaving your kind review, we are pleased to know we have helped you
OLSAN SOZEN
Many thanks to Prasanna for his support. He patiently explains every subject down to the smallest detail, responds quickly to my emails and offers talior-made solutions.
Reply from PK Accounting Service Ltd
Thank you for leaving your kind review, we are pleased to know we have helped you
C&N Building (UK) Ltd
After bad experience with previous accountant moving to PK Accounting Service Ltd it was the perfect choice. Very professional, quick response for any enquiries. Thank you so much for getting us out of the trouble left from the previous accountant in Payroll, CIS & Vat and accounts.Highly recommend. More...
Ciaran Wilson
Accounting
Very knowledgeable and friendly service, and much more competitive pricing than my previous accountant
Airforce 1 (England) Ltd
Moving to PK Accounting was the best business decision we could have made. They are extremely responsive and get back to any questions or queries within minutes. Everything is always explained through zoom meetings (due to COVID) so that we are always on the same page and you feel like your finances and business decisions are in safe hands. I highly recommend PK accounting to anyone whether it for your personal or business accounting. More...
Reply from PK Accounting Service Ltd
Thank you for leaving your kind review, we are pleased to know we have helped you
Ian Trevorrow
Accounting
I found PK Accounting very efficient and friendly and professional at all times. The most important part of our business was that PK Accounting went the extra mile to help and looked for ways I had not seen to save me money, that is what a good Accountant should do amongst doing your Accounts I’m very glad to have found and will continue to use PK Accounting.
Reply from PK Accounting Service Ltd
Thank you for leaving your kind review, we are pleased to know we have helped you
John Arrowsmith
Accounting
Very pleased with PK Accounting having taken me through a personal tax return. Clear step by step instructions, very responsive and thorough. Highly recommended.
Reply from PK Accounting Service Ltd
Thank you for leaving your kind review, we are pleased to know we have helped you
Roy Goff
Business Accounting Services
I have met some accountants over the years I must say I am quite taken back by the performance of this Accountant he is quick and efficient on the ball and precise
Reply from PK Accounting Service Ltd
Thank you for leaving your kind review, we are pleased to know we have helped you
Volkan Sakar
Accounting
Prasanna is well versed in accounting. He gave very good answers to all the questions I asked. I felt confident to work together. Ask Prasanna whatever you have in mind. I am sure you will get a complete answer. More...
Reply from PK Accounting Service Ltd
Thank you for leaving your kind review, we are pleased to know we have helped you
Adenrele Adeleke
Accounting
The ability to consider startup business and the toothing period with a passion to support at this stage is a virtue.
Reply from PK Accounting Service Ltd
Thank you for leaving your kind review, we are pleased to know we have helped you
Tony Heat
Accounting
Prasanna from pk accounting services was very helpful, communicating with me the whole way through. Would highly recommend!
Reply from PK Accounting Service Ltd
Thank you for leaving your kind review, we are pleased to know we have helped you
Dom
Accounting
They provide great service, helpful and prepared.
Reply from PK Accounting Service Ltd
Thank you for leaving your kind review, we are pleased to know we have helped you
DMA Electrical Solutions LTD
PK Accounting Service Ltd is very professional and knowledgeable; always responds without delay, gives valuable advise and supports to solve issues in a very competent manner. Highly recommend.
Reply from PK Accounting Service Ltd
Thank you for leaving your kind review, we are pleased to know we have helped you
Brice
Accounting
The first chat I had with PK Accounting was very useful. We decided that we will work with them
Reply from PK Accounting Service Ltd
Thank you for leaving your kind review, we are pleased to know we have helped you
Thinking Out Loud Counselling Ltd
PK Accounting service, have been very responsive and helped me make sense of the accounting needs of my business. They have provided everything I needed, run my payroll for me each month and offered advice were I needed it.
I would recommend this company to those seeking accounting advice and assistance etc.
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Reply from PK Accounting Service Ltd
Thank you for leaving your kind review, we are pleased to know we have helped you
George Kawas
Accounting
Working with PK accounting service was a pleasant and easy experience. Mr. Prassana was quick to answer and respond to my enquiries, I found him to be knowledgeable and thorough as well as respectful, courteous and settled my tax affairs promptly. I will not hesitate to recommend him to anybody More...
Reply from PK Accounting Service Ltd
Thank you for leaving your kind review, we are pleased to know we have helped you
Framework Properties Ltd
Fantastic transparent and efficient service from PK accounting. Very clear and provided support throughout.
Would highly recommend!
Reply from PK Accounting Service Ltd
Thank you for leaving your kind review, we are pleased to know we have helped you
Faaria
Tax Preparation
Prasanna was very prompt, friendly and professional. He provided thorough information and was clear and understanding with all the advice. Thank you and would highly recommend for anyone looking for accounting services. More...
Reply from PK Accounting Service Ltd
Thank you for leaving your kind review, we are pleased to know we have helped you
Khim
Tax Preparation
Mr Prasanna provided very prompt and professional service - I highly recommend PK Accounting Service Ltd for anyone looking for a professional, and committed Tax Advisor.
Reply from PK Accounting Service Ltd
Thank you for leaving your kind review, we are pleased to know we have helped you
Lowe Gas Ltd
Accounting
Actions tasks quickly. Prompt responses, always replies quickly to any questions & advice so far has been excellent. Far more proactive than my previous accountants.
Reply from PK Accounting Service Ltd
Thank you for leaving your kind review, we are pleased to know we have helped you
Ionut Titiriga
Tax Preparation
I gave 5 stars as working with them has been great. The service is fast and they are very professional. I would recommend this company to everyone! Thank you!!
Reply from PK Accounting Service Ltd
Thank you for leaving your kind review, we are pleased to know we have helped you
Angela
Prasanna has been great! Very professional and super efficient. I have been very happy with his work so far. I highly recommend PK Accounting Services.
Thank you!
Reply from PK Accounting Service Ltd
Thank you for leaving your kind review, we are pleased to know we have helped you
Jeremy Boles
Accounting
Prasanna is great; very clear understanding of the numbers and tax system and super responsive to questions. PK Accounting gives very personalised service and really takes the time to make sure you understand how it works. I especially like their flexibility - Prasanna is happy to chat over the weekend or outside business hours which allows me to focus on work during that time and sort accounting when it suits me. More...
Reply from PK Accounting Service Ltd
Thank you for leaving your kind review, we are pleased to know we have helped you
Marcus
Tax Preparation
great customer service. provided me with good information and would definitely recommend to everyone
Reply from PK Accounting Service Ltd
Thank Marcys😀
Martin Goodwin
Accounting
I would like to thank presanna he done a wonderful job with my tax return. There was constant contact to keep me up to date and the timing was perfect so top marks from me.
Reply from PK Accounting Service Ltd
Thank you😊
Jonathan
Very pleased with the professionalism and personal way Prasanna (PK Accounting Service Ltd) helped with my tax affairs and helped me to claim a £3,800 of CIS tax rebate.
He was very clear in the way things were explained and I would happily recommend his services to others.
Jonathan
CIS Subcontractor ( Plumber)
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Reply from PK Accounting Service Ltd
Thank jonathan😌
David Russell
Accounting
Excellent service polite very professional and helpful
Reply from PK Accounting Service Ltd
Thank you😊
Timeo
Accounting
It has been a pleasure working with Prasanna. He responds quickly and patiently breaks down all the complicated accounting matters. Would definitely recommend PK Accounting. More...
Reply from PK Accounting Service Ltd
Thank You😊
Magnoris Transportation
Prasanna from PK Accounting has been very professional and helpful. He has been very accommodating and efficient in setting up, sending information required and responding promptly any queries we have had for our business.
I would highly recommend Prasanna for delivering the excellent customer services and skillful guidance for finances, accounting and taxes. Great service!
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Reply from PK Accounting Service Ltd
Thank you😊
David Russell
Accounting
Excellent service polite very professional I would recommend them
Reply from PK Accounting Service Ltd
Thank you for leaving your kind review, we are pleased to know we have helped you
Silviya
Accounting
PK Accounting provides a thorough, seamless service. I'm very happy with them and can highly recommend!
Reply from PK Accounting Service Ltd
Thank you😊
Luiza
Accounting
Very responsive and professional, the process was seamless and after one meeting I had all my questions answered and Prasanna got to work straight away. I highly recommend their services.
Reply from PK Accounting Service Ltd
Thank you for leaving your kind review, we are pleased to know we have helped you
Keith Thomas
They have been very efficient in the way they have set me up for being self employed with no fears of the dreaded tax man looming over me
Isaac Ruhinda
I am really very grateful for the commitment to the work and for being able to meet the deadline for submission in time. Prasanna is a very knowledgeable and was able to give me advise and set goals for the business. I’m glad to be working PK Accounting Services and would highly recommend them. More...
Reply from PK Accounting Service Ltd
Thank You
ASTUTE DIGITAL SOLUTIONS LTD
I had to get taxes done for my IT limited company, and as well as self-asssesment for myself and my partner. This the first time we are using an accountant for accountancy services and filing tax returns.
It was wonderful working with Prasanna at PK accounting. After a brief phone call we scheduled a time to meet. Prasanna went though all of my documents patiently, and provided me with fantastic advice on how to better manage my accounts. Prasanna managed to get the accounts in order within a week and in the second meeting he went through every single figure in the accounts and explained how it was derived. The whole process was smooth and swift, and he was constantly in touch over the phone. Everything was sorted in a week. I highly recommend PK accounting.
Premkumar Elangovan
Director
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Reply from PK Accounting Service Ltd
Thank you
Sohail A Khan
I am permanent client to this accounting firm PK Accounting, and I am confident I made right decision to choose them for my company accounts.
Very professional and helpful individuals with lot of experience in the accounting and managing accounts. Excellent communication throughout the account submission process and detailed work done as my first-year accounts were lot of work to deal with. I would strongly recommend this firm on basis of my experience and work quality."
Sohail A Khan - Managing Director
MEO Essentials LTD
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Reply from PK Accounting Service Ltd
Thank you
One Elite
Excellent, friendly and approachable service. Perfect for start ups such as myself or any SMB. Simply the best!!!!
Reply from PK Accounting Service Ltd
Thank you
What kind of accounting services do you provide?
Accounting and taxation
Bookkeeping
Payroll
Business startup
Company Secretarial
Self assessment
Why is it so important for businesses to hire a great accountant?
When considering what an accountant does, it’s important to look beyond the function of this role – and consider the knock-on effect of the work outlined above.
Small businesses might be tempted into thinking that they don’t need an accountant, can’t afford one or that they’re just involved in filling in forms to keep the taxman happy. But, by doing all of the above well, a good accountant can:
1.Save you time : You need to dedicate every minute you can to the important work of developing your products and services to improve your profits. Having someone who can help to check that you’ve filled in your forms correctly, help you to meet key deadlines and offer financial advice will help you to concentrate your efforts on what you do best.
2)Save you money : Filling in forms incorrectly or failing to understand new legislation could result in a fine, something that would put an unwelcome dent in your profits. Not only that, but accountants will help you to minimise your tax bill by taking advantage of any legal benefits that are open to your business.
3)Help you to grow : An accountant can act as a valuable sounding board. He or she knows your business almost as well as you do – and probably knows the financial side of it even better. Objective input from someone that knows your business, but doesn’t have the emotional attachment to it that you do, is priceless. By assisting you to make sound judgments, they can help you to grow your business. Accountants can also help you to identify and fix problems before they become a more serious drain on your finances.
5)Remove worry : Lots of businesses find their finances daunting. After all, there’s a good chance that you might never have come across all of the paperwork and terminology of business accounts before. The complexity of the task in hand – and the importance of deadlines – can cause many people to worry about this. An accountant can ease this burden and offer necessary reassurance.
Vat
PK Accounting Service makes sure you pay the right amount of tax in compliance with HMRC’s Real Time Reporting requirements, and ensures you never miss a deadline. PK Accounting Service are Qualified Accountants specialising in helping small-to-medium sized businesses, contractors, landlords, and sole traders. We’ll help you choose the right VAT scheme, and make sure you understand and comply with VAT laws and regulations.
PK Accounting Service will help you weigh up the pros and cons of each VAT payment method and help you choose the right one for your business.
If you are in service sector ,necessary advise and guidance will be provided to meet the criteria of Limited Cost Business, in order to be on Flat Rate Scheme.
Bookkeeping
PK Accounting Service's bookkeeping can provide a service tailored to your needs, combining any one or more of bookkeeping, VAT and management Accounts, leaving you to take care of running your business. All businesses are required by law to keep accurate records for tax and VAT purposes,
We can take away the enormous burden placed on you by taking care of all of your bookkeeping and accounting needs. One of the key elements of our bookkeeping service is the preparation of management accounts, which are vital to the continued success of your business. We discuss your requirements with you and provide tailored information within an agreed timeframe to ensure that you manage your business with current information.
Our bookkeeping service includes:
1.Maintenance of the following
Nominal ledgers
Purchase ledgers
Sales ledgers
Cash book
Fixed asset register
Petty cash reconciliations
2.Debtor & Creditor statements
3. management Accounts
4.VAT – Compliance and submission of returns
5.Preparation of management accounts
6.Keeping your books/records on our site
7.Reconciling the bank account
8.We can also supply constructive advice on a regular basis.
Accounts
Every company should essentially prepare its Statutory/Company accounts annually. The purpose of doing this would be to produce a simplified breakdown, an account of the financial state that the Limited Company is in that year and how it is performing.
At the end of the company’s financial year these assignments should be completed and submitted to:
All Shareholders
Companies House
HMRC
Each statutory account is tailored to a company considering its size, for example:
The 5 types of Limited Companies in the UK:
Dormant Company
Large Company
Medium-Size Company
Small Company
Micro-Entity
CIS
The Construction Industry Scheme (CIS) sets out the special tax rules for subcontractors who work in the construction industry and how payments must be handled by contractors.
Contractors: As a contractor, you are required to meet specific obligations under the scheme, including registering with HMRC, checking whether your subcontractors are registered with HMRC, paying subcontractors, deducting tax and submitting monthly statements confirming these payments.
Sub-contractors: If you are a sub-contractor, your main obligation is to register with HMRC. You must also keep HMRC informed of any changes to your business such as changes to your business address, business name, business partners and other relevant information.
Service includes.
Register you with HM Revenue & Customs (HMRC) as a contractor.
Verify your subcontractors with HMRC.
Ensure you pay your subcontractors correctly within the scheme.
Supply deduction statements to the subcontractors.
Keep your records in good order and supply HMRC with monthly returns.
Corporation Tax
Every Limited Companies should submit a Company Tax Return (CT600) and Company Statutory Accounts to Customs and the HM Revenue. This should include how Corporation Tax was calculated, including a Profit & Loss Account which is different to your Profit & Loss account for statutory accounts. PK Accounting Service Will help small-medium businesses organize and plan their tax strategies and showing them how to get more effective results.
Payroll
PK Accounting Service will make sure that no deadlines are missed and that your Businesses Payroll complies with HMRC’S RTI (Real Time Information) reporting requirements. Payroll administration is boring and time-consuming.PK Accounting Service will take it off your hands so you can spend your time doing more productive activities.
PK Accounting Service will look at your salaries and dividends to plan a tax-efficient remuneration strategy, helping your business to minimise tax paid, and maximise its profits. PK Accounting Service are experts in payroll administration, so you don’t have to be. We’ll do all the hard work and give you all the best payroll advice.
Administrate PAYE, National Insurance, statutory sick pay.
Complete and submit statutory forms, including year-end returns, P60s, P45s and P46s.
Summarise and analyse staff costs.
Produce customised payslips.
Auto enrolment regulations - Workplace Pension.
Company Secretarial
PK Accounting Service provide our clients with detailed company secretarial and statutory advice and assistance on more complex matters. We understand that if you run your own business, one of the last things you want to do is spend valuable time on your statutory requirements; as your time is much better spent interacting with your own customers and focusing on the running of the business.
We assist our corporate clients by providing a wide range of company secretarial and statutory services dependent on the needs of the individual client. we provide a full statutory compliance service to our clients. This includes the maintenance of the statutory registers, filing of documents at Companies House, preparing draft minutes of meetings and assisting with the holding of shareholder meetings.
Self Assessment- Personal Tax Return
PK Accounting Service provide you with full comprehensive accounting support ensuring that the preparing and filing of your Self-Assessment is fast, easy, and reliable.
Who needs to file a Self-Assessment?
You will need to file a tax return if you fall into one of these categories:
You are self-employed or in a partnership.
You received income from letting land or property.
You have untaxed income or savings
You made profits from selling assets and need to pay Capital Gains Tax.
you are a company director.
You and your partners’ income were over £50,000 and claimed Child Benefit.
You lived and worked abroad.
You received income from abroad.
what we offer you.
PK Accounting Service will ensure that you are registered with HMRC and that your HMRC online account is activated.
PK Accounting Service will ensure that all tax returns and self-assessments will be done online.
We use specialist software that is HMRC approved to file personal tax return self-assessment or partnership tax returns.
We are fully qualified Accountants with experience and experts in tax returns and self-assessments
We will handle the entire tax return process and deal with HMRC on your behalf.
