Accounting services in the UK encompass a wide range of financial activities aimed at helping businesses, organizations, and individuals manage their finances effectively and comply with regulatory requirements. Here's an overview of typical accounting services offered in the UK:

Business Accounting Services:

1. Bookkeeping: Maintain accurate and up-to-date financial records, including recording transactions, reconciling bank statements, and categorizing expenses.

2. Financial Statements Preparation: Prepare periodic financial statements, including balance sheets, income statements, and cash flow statements, to provide insights into the financial health and performance of the business.

3. Tax Planning and Compliance: Provide tax planning advice to minimize tax liabilities while ensuring compliance with HM Revenue & Customs (HMRC) regulations. Prepare and file various tax returns, including VAT returns, corporation tax returns, and self-assessment tax returns.

4. Payroll Services: Calculate employee wages, deductions, and taxes; process payroll payments; and manage payroll reporting and compliance with payroll tax regulations.