1. Year End Accounts and Corporation Tax
We prepare year end accounts for firms, individuals and private limited company. We prepare quality accounts within 10 working days once instructions received from you. We process all business sector accounts. We appoint a dedicated experienced Accountant who oversees your work.
Scope of work
- Preparation of fully-referenced notes, control accounts and lead schedules
- Analysis of incomes and expenses
- Preparation of trial balance, P&L, and balance sheet
- Filing of accounts with HMRC and Companies House
- Comprehensive notes and analytical review
- Finalization of accounts on an accounting software of your choice
- Key actionable insights for stakeholders discussed with clients straightaway
- Draft accounts in .pdf and iXBRL
- Two-level review of processes
2. Bookkeeping
Whether you’re a specialist bookkeeping business looking for growth or accountants looking for an additional revenue stream, our dedicated bookkeepers can analyse and categorise all your clients’ financial statements and provide predictive real-time accounting and actionable insights.
Scope of work
- MTD reports
- Cloud integration
- Xero and QB Migration
- Predictive real time accounting
- Industry specific bookkeeping
- Critical financial indicators check
- Clean-up and backlog clearance services
- Simple record-keeping
- Reconciliation of business credit card and bank accounts
- Processing of sales, purchase, bank transactions and all the expenses
3. VAT Returns
The VAT landscape in the UK is continually changing, and the introduction of MTD means agents who will be providing MTD for VAT services to clients may need a helping hand. If you are in this position or just looking for some staffing back-up, Kangaroo Accountants is happy to prepare the returns for you so that your clients only pay what they are supposed to pay. Additionally, our experts deal with all aspects of VAT inspections on your behalf and always ensure the routine VAT compliance requirements are met.
Scope of work
- VAT registration/de-registration
- Compilation and submission of monthly/quarterly VAT returns
- Schemes – FRS, standard, retail, or marginal
- VAT summary and reporting
- MTD for VAT
- Advice on VAT planning and administration
- VAT MOSS
- Support for eCommerce businesses
- HMRC correspondence management
4. Taxation
Many accountants use our tax outsourcing services to produce and file corporation and personal tax returns efficiently. We are MTD-ready and geared up to work with your clients’ digital submissions. From filling temporary skills gaps to managing your clients’ complete tax functions – we can do it all for you. Tax return stress? Not when you work with us! Kangaroo Accountants guarantees the required level of compliance within tax legislation.
Scope of work
- Preparation of business tax computation
- Self-assessment for individuals and partnerships
- Preparation of CT600, S455 Tax, SA 100 and SA 800
- Filing of tax returns online with HMRC
- Carrying losses forward or back
- Forecast of business and personal taxes
- Calculation of capital gains and property taxes
- Tax and investment planning
- R&D claims support
5. Payroll
Payroll managed efficiently makes everyone happy. However, you and your practice staff didn’t enter this profession to do extensive administration or keep track of payroll legislation. Fully managed payroll services involve many time-consuming tasks like entering employee data in the software, producing payslips, managing deductions like student loans and pensions, and transferring wages into the employee bank accounts. Kangaroo Accountants professional payroll outsourcing services free up the time of accountants in practice and save them from payroll complications and compliances, so their clients pay their employees on time. Plus, if payroll isn’t a service you are already offering to your clients, well now you can.
Scope of work
- Company and employee setup
- Processing of timesheets and creation of payslips
- Periodic payroll submissions
- Auto-enrolment and its administration (pension schemes)
- Completion of P11D forms, including P9D, P11D, P11D(B), and P46 forms
- GDPR-compliant payslips
- Ascertaining PAYE payable
CIS submissions - RTI compliance and processing
Completion of statutory forms for submission to HMRC - HMRC correspondence management
Software Capabilities
Our teams have experience of all commonly-used software and with a little bit of training, we can work with the uncommon ones too.