Managing your finances efficiently is important when you have a business or need support with personal tax. At Lexarox Accounts, we offer professional accounting along with tax and advisory services customised to the needs of businesses and individuals across Canary Wharf.
Canary Wharf is one of the London’s leading financial districts and a hub for ambitious business owners, freelancers and established companies. With the changing tax regulations and MTD requirements along with increasing compliance obligations, your company needs a professional accountant who can help you handle these while staying compliant with HMRC.
The experienced team at Lexarox Accounts have technical expertise to provide practical business advice so that you can take your financial decisions accurately and focus on growing your business.
Our Accounting Services in Canary Wharf
Bookkeeping Services
Correct bookkeeping is the base of effective financial management. We help companies maintain organised financial records and monitor income and expenses. We make sure all transactions are correctly recorded.
Our bookkeeping services include:
- Correct financial records
- Regular reconciliations
- Digital bookkeeping solutions
- Management reporting
- HMRC compliant record keeping
By managing updated records, companies can make appropriate decisions and minimize expensive compliance issues.
Annual Accounts Preparation
Limited companies, partnerships, and sole traders all require accurate financial statements. Our accountants prepare annual accounts that comply with relevant accounting standards and statutory requirements.
We ensure your accounts:
- Meet Companies House requirements
- Comply with HMRC regulations
- Present an accurate financial position
- Support business planning and decision-making
Our proactive approach helps identify opportunities for tax efficiency while maintaining full compliance.
Tax Planning and Compliance
Tax legislation changes regularly, making professional advice more valuable than ever. Our tax specialists help businesses and individuals minimise liabilities legally and efficiently.
Our tax services include:
- Personal tax returns
- Corporation Tax returns
- Capital Gains Tax planning
- Dividend planning
- Property tax advice
- Inheritance Tax planning
Effective tax planning can significantly improve your financial position while ensuring compliance with HMRC requirements.
Self Assessment Tax Returns
Many professionals and business owners in Canary Wharf must submit Self Assessment tax returns each year.
HMRC requires taxpayers to register for Self Assessment by 5 October following the relevant tax year where applicable. Paper returns are generally due by 31 October, while online returns and any tax due must be submitted by 31 January.
We assist with:
- Self-employed tax returns
- Contractor tax returns
- Director tax returns
- Landlord tax returns
- Partnership returns
Our team ensures accurate submissions while identifying all available allowances and reliefs.
Making Tax Digital Support
Making Tax Digital (MTD) represents one of the biggest changes to the UK tax system in recent years.
From April 2026, many sole traders and landlords with qualifying income above £50,000 are required to keep digital records and submit updates using compatible software. Additional thresholds will apply in future years.
Lexarox Accounts helps clients prepare for MTD by:
- Implementing compliant software
- Migrating existing records
- Training business owners
- Managing quarterly submissions
- Providing ongoing compliance support
Our goal is to make the transition as simple and stress-free as possible.
Corporation Tax Services
Corporation Tax remains a significant obligation for UK limited companies.
The UK currently operates a small profits rate of 19% for companies with profits up to £50,000 and a main rate of 25% for profits above £250,000, with marginal relief available between these thresholds.
Our Corporation Tax services include:
- Corporation Tax calculations
- Tax return preparation
- Tax planning strategies
- Group structure advice
- Director remuneration planning
We work proactively throughout the year to identify opportunities for tax efficiency rather than waiting until year-end.
VAT Services
VAT compliance can be complex, particularly for businesses experiencing growth.
Businesses generally need to register for VAT when taxable turnover exceeds £90,000 in a rolling 12-month period. Voluntary registration may also offer advantages depending on your circumstances.
We assist with:
- VAT registration
- VAT returns
- VAT planning
- Flat Rate Scheme advice
- VAT investigations
- International VAT matters
Our experts help businesses avoid common VAT mistakes while maintaining compliance.
Payroll and Workplace Pension Services
Managing payroll accurately is crucial for both compliance and employee satisfaction.
Our payroll services include:
- PAYE administration
- Payroll processing
- RTI submissions
- Workplace pension administration
- CIS payroll support
- Director payroll management
By outsourcing payroll to our experienced team, businesses can reduce administrative burdens and minimise the risk of penalties.
Accountancy Services for Contractors and Consultants
Canary Wharf is home to thousands of contractors and consultants working across finance, technology, and professional services.
We provide specialist support including:
- Limited company accounting
- Contractor tax planning
- Dividend strategies
- Expense reviews
- IR35 guidance
- Annual accounts and tax returns
Our tailored approach ensures contractors receive practical advice suited to their working arrangements.
Landlord and Property Tax Services
Property owners face increasing tax and compliance responsibilities.
Our landlord services include:
- Rental income reporting
- Capital Gains Tax planning
- Property portfolio structuring
- Self Assessment returns
- Making Tax Digital support
- Buy-to-let tax advice
We help landlords navigate changing regulations while maximising tax efficiency.
Why Choose Lexarox Accounts?
Businesses and individuals choose Lexarox Accounts because we offer:
- Experienced accountants and tax specialists
- Personalised advice
- Transparent pricing
- Digital accounting solutions
- HMRC compliance expertise
- Proactive business support
We believe accountants should do more than prepare accounts. Our role is to help clients improve profitability, reduce risk, and achieve long-term financial success.
Speak to Our Canary Wharf Accountants
Whether you need assistance with bookkeeping, Corporation Tax, VAT, or Making Tax Digital compliance, Lexarox Accounts is here to help.
Our team provides reliable, practical, and proactive accountancy services tailored to the needs of businesses and individuals throughout Canary Wharf. Contact us today to discuss your requirements and discover how professional accounting support can help your finances work harder for you.
Frequently Asked Questions
Q1. Why should I hire an accountant in Canary Wharf?
An accountant helps with compliance, tax planning, bookkeeping, and financial advice.
Q2. What is the VAT registration threshold in the UK?
Businesses generally register when taxable turnover exceeds £90,000.
Q3. When is the Self Assessment deadline?
Online returns are due by 31 January; paper returns by 31 October.
Q4. Does Making Tax Digital affect my business?
Many sole traders and landlords earning above £50,000 are affected from April 2026.
Q5. What are the current Corporation Tax rates?
19% for small profits and 25% for profits above £250,000.
Q6. Can you help with payroll services?
Yes, including PAYE, pensions, and HMRC reporting. We help you with your financial data.
