UK Accounting Outsourcing Services

Trustworthy, Comfortable, Affordable

Chitkara Associates offers a complete range of UK Accounting Outsourcing Services to accounting firms, small and medium-sized businesses and professionals in the United Kingdom. With over 19 years of work experience, we assist organisations in managing their accounting and compliance needs effectively, reducing operational costs and enhancing accuracy.

We have a team of offshore accountants who are trained to work with the UK accounting standards, HMRC regulations, PAYE, VAT, Corporation Tax and the Making Tax Digital (MTD). Our services serve as an extension of your own in-house finance department and will provide on-demand, reliable, and prompt accounting services, which will enable you to concentrate on strategic development and customer relations.

Our UK Accounting Outsourcing Services

1. Bookkeeping Services

Good financial management is based on good bookkeeping. Our bookkeeping services in the UK make sure that your bookkeeping records are properly organised, current and fully meet the UK accounting requirements.

The bookkeeping support offered by us entails:

• Bookkeeping daily, weekly or monthly depending on business requirements.
• Invoices, purchase bills, and expenses recording and classification.
• Keeping of the general ledger, control account and subsidiary ledger.
• Journal entries, accruals, prepayments and adjustments.
• Preparation of monthly and quarterly management accounts.
• Support of finalisation and audit readiness at the end of the year.

Our well-organised bookkeeping operations provide our clients with increased financial transparency, enhanced reporting quality and fewer mistakes.

2. Bank Reconciliation Services

Bank reconciliation should be done regularly in order to have proper records on finances and management of cash flow. We make sure that at all times, your bank and credit card statements are accurate to your accounting records.

Our bank reconciliation services involve:

• Bank and credit card account reconciliation, periodically.
• Missing transactions, duplicate transactions and improperly recorded transactions are identified.
• Corporation of inconsistencies and unbalanced accounts.
• Better monitoring of cash flows.
• Reconciled and cleaned accounts that are ready to comply and report.

The service assists companies in being financially accurate and identifying possible problems promptly.

3. Preparation and Filing of VAT Return

The UK business is one of the businesses that has a major role in VAT compliance. Our VAT outsourcing services make sure that there is proper reporting of VAT, and it is submitted in time according to the HMRC requirements.

Our VAT services include:

• Computations of VAT under UK VAT laws.
• Management of standard, flat rate and other relevant VAT schemes.
• VAT returns, both preparation and filing.
• Complete support in Making Tax Digital (MTD).
• VAT control accounts review and reconciliation.
• Checks of accuracy with a reduction of errors and penalties.

Clients of Chitkara Associates will have less compliance risk and will feel better about VAT reporting by outsourcing to Chitkara Associates.

4. Payroll Outsourcing Services

The accuracy and the current regulatory knowledge are needed to manage the payroll according to the UK regulations. Our payroll outsourcing suggests the ability of any company of any size to have its payroll meticulously and legally processed.

We offer the following payroll services:

• Payrolls are weekly and monthly.
• Paylips and payroll summaries.
• Calculations of PAYE and National Insurance.
• Auto-enrolment pension test and reporting.
• Adherence to the UK statutory payroll provisions.
• Payroll records and reporting.

We guarantee the accuracy of payroll, their confidentiality, and punctuality to prevent business faults in the statutory aspect and the dissatisfaction of employees.

Clients We Serve

Our outsourced accounting services in the UK are Serving  for:

• Off License Shops(Convenience Store)
• Real Estate Agents.
• Building Contractors
• Event Management Companies
• Art Galleries

UK Tax Return Services

We are offering an organised and trusted assistance in preparing tax returns in the UK and operate in collaboration with the UK accountants where necessary.

Our tax filing services involve:

• Self-assessment tax returns preparation.
• Support of computation of corporation tax.
• Checking of financial information and making sure it is accurate.
• Help in meeting statutory deadlines.
• Liaison with accountants and tax consultants.

Our methodology has made sure that the preparation of tax data is made correct and within the expectations of the UK regulations.

The Reason to use Chitkara Associates?

• Over 19 years in UK accounting outsourcing.
• Good knowledge of UK accounting standards and regulations of the HMRC.
• Offshore accounting services that are cost-effective.
• Commitment, trained and UK-based accounting professionals.
• Handling of data and high confidentiality measures.
• Elastic service design in response to changes in workload.
• Stable turnaround time and quality control measures.

We adhere to clear work procedures, quality standards, and data protection measures in order to provide credible services to all clients.

Who We Work With

Our outsourced accounting services in the UK are suitable for:

• Accounting and CPA firms in the UK are in need of a stable back-office.
• Small and medium-sized firms in the UK.
• Indeed, sole traders, contractors and independent professionals.

Our services are flexible and scalable, whether you require constant support or help with heavy workloads.

Your UK Accounting Outsourcing Partner

Outsourcing your accounting functions to Chitkara Associates will provide you with a reliable long-term partner who has expertise of more than 19 years of expertise. When we are running the accounting in businesses and accounting firms, we ensure that businesses comply, minimize overheads, enhance the quality of reporting, and concentrate on the business objectives.

Contact Chitkara Associates now to speak to us about your UK Accounting Outsourcing needs and find out how we can help your business and enable us to serve and secure your business.