Pheonix Associates is a specialist outsourced online accounting service provider working primarily for UK Businesses of all sizes. With a qualified team of Chartered Accountants and finance outsource specialists we’re dedicatedly providing reliable, timely, and affordable services which businesses in UK can trust. Our motive is simple; offer best outsource accounting services and help the business houses invest more time in growing.

1. Year End Accounts and Corporation Tax

Process in brief:

Basic Bookkeeping
Bank Reconciliation
Account payable and account receivables
Cash flow management
Fixed and current assets management
MIS Reports
Sales, purchase and expenses invoice processing
Finalization services
Review and streamline your bookkeeping processes
Migrating your business to our preferred cloud accounting software – Xero
Suggest and implement cloud accounting add-ons that are relevant
Regular reporting of financial information to assist you in making informed decisions

2. Bookkeeping

Reducing business responsibilities by using оutѕоurсеd bооk-kеерing services hаѕ grown into a соmmоn рrасtiсе tоdау. We work start to end with preparing bank reconciliation accounting and also on purchasing ledger documents.

Process in brief:

Basic bookkeeping work
Processing of Sales, Purchase, Bank transactions and all the expenses.
Reconciliation of Accounts Payables and Receivables.
Reconciliation of all the control accounts with statement balances
Managerial review

3.VAT Returns

Process in brief:

Monthly and Quarterly VAT Return with all type of VAT Scheme.
Excel working file for supporting.
VAT summary and report.
Making Tax Digital.

4. Taxation

Many taxpayers struggle to understand the complex tax returns and complete them correctly. The constant flow of changes to tax legislation means not only that the returns are becoming even more difficult to understand but also that taxpayers risk incurring more penalties through failing to complete their returns on time or correctly. We can save you a lot of time, worry, and money by handling your self-assessment tax return for you. We will do all the necessary computations, complete your return, and even offer advice on how you can minimise your tax liability.

Process in brief:

Calculation of Differed Tax, Capital allowance and preparation of business tax computation.
Preparation of CT600, Personal Tax Return SA 100 and filing online with HMRC

5. Payroll

Process in brief:

We process payroll for businesses. It includes:
Running Weekly, Fortnightly and Monthly Payrolls
Generating payslips
Preparing of P35, P11d
P45’s, P46, P60 and P38
Calculating Holiday and Bank Holiday SSP, SMP, Student Loans etc.

Software’s