Services
Our accounts management and preparation services involve thoroughly recording, analysing, and reporting financial transactions. Lexarox Accounts delivers comprehensive accounts management services to support businesses of all sizes in maintaining accuracy and transparency.
What It Covers:
- Preparation of detailed financial statements, including balance sheets, income statements, and cash flow statements
- Regular reconciliation of bank statements and financial records to ensure consistency
- Monitoring and reporting on financial performance, ensuring compliance with accounting standards
- Management of accounts payable and receivable
- Strategic advice on financial strategy and budgeting to aid business growth
Tax Returns are formal declarations of income, expenses, and other relevant tax details submitted annually to HMRC. Lexarox Accounts guarantees accurate preparation and timely submission of tax returns, aiming to reduce tax liability and optimise allowable deductions.
What It Covers:
- Comprehensive review and documentation of income and expenses
- Calculation of tax liabilities and identification of applicable reliefs and allowances
- Preparation and submission of tax return forms (e.g. SA100 for individuals, CT600 for companies)
- Managing communications and queries from HMRC on your behalf
- Providing strategic tax planning advice to optimise future tax returns
VAT Returns involve the periodic reporting of Value Added Tax (VAT) charged on sales and paid on purchases to HMRC. Lexarox Accounts ensures the accurate and timely preparation and submission of VAT returns, safeguarding compliance with VAT regulations.
What It Covers:
- Accurate recording and calculation of VAT on sales and purchases
- Preparing and submitting quarterly or annual VAT returns to HMRC
- Advising on the most suitable VAT schemes for your business (e.g. Flat Rate Scheme, Standard Accounting)
- Handling VAT inspections and responding to queries from HMRC
- Ensuring full compliance with VAT regulations and deadlines
Lexarox Accounts offers meticulous bookkeeping services, ensuring that your financial records are consistently organised and up to date.
What It Covers:
- Recording all financial transactions, including sales, purchases, receipts, and payments
- Maintaining ledgers for accounts payable and receivable
- Reconciling bank statements to ensure all transactions are accurately recorded
- Providing regular financial reports for management review
- Assisting with year-end accounting and audit preparation for seamless financial management
Our payroll management encompasses calculating and distributing employee salaries, wages, bonuses, and benefits. Lexarox Accounts provides efficient payroll services and ensures adherence to employment laws and regulations.
What It Covers:
- Calculating employee wages, salaries, overtime, and bonuses
- Processing statutory deductions such as PAYE, National Insurance, and pensions
- Generating payslips and handling payroll queries from employees
- Managing year-end payroll reporting and submissions to HMRC
- Ensuring compliance with all relevant payroll legislation
Lexarox Accounts prepares and files Self-Assessment tax returns, ensuring accuracy and compliance.
What It Covers:
- Gathering and reviewing relevant financial information for the tax year
- Calculating your tax liability, including any allowable expenses and reliefs
- Preparing and submitting the self-assessment tax return (SA100 form) to HMRC
- Advising on payment deadlines and setting up payment plans if necessary
- Handling any queries or issues raised by HMRC regarding your return
CIS Returns refer to the monthly reporting required under the Construction Industry Scheme (CIS). Lexarox Accounts ensures compliance with CIS regulations by accurately preparing and submitting these returns on behalf of contractors.
What It Covers:
- Verifying subcontractors with HMRC and deducting the appropriate amount of tax
- Maintaining detailed records of payments made to subcontractors
- Preparing and submitting monthly CIS returns to HMRC
- Providing subcontractors with payment and deduction statements
- Handling any queries or inspection requests from HMRC related to CIS
Company Formations involve the legal process of incorporating a new business entity. Lexarox Accounts facilitates this process, ensuring that all statutory requirements are met for your company to be established smoothly.
What It Covers:
- Advising on the most suitable business structure (e.g. limited company, partnership, sole trader)
- Preparing and filing incorporation documents with Companies House
- Drafting and filing necessary documents, including the Memorandum and Articles of Association
- Registering the company for Corporation Tax, VAT, and PAYE as needed
- Providing ongoing support and advice to ensure compliance with statutory obligations
Want more info?
Speak to an expert. Just call us on 0208 533 1358
or email: info@lexaroxaccounts.co.uk
Client Testimonials
Accounting Services in UK
Behind every successful business in the UK, a strong financial foundation always matters. At Lexarox Accounts, we offer efficient accounting services that provide full control over your finances. We turn your financial data into insights to make better business decisions. Lexarox’s affordable accounting services suit every type of business. Whether it’s a startup, establishing a solid root, or an SME that needs efficiency or managing complex operations of a large enterprise.
At Lexarox Accounts, we identify opportunities that are hidden in your accounting numbers and provide a clear roadmap for your business growth in the UK. We provide full financial services so that you can focus on what matters most. Let us turn your financial problems into advantages and guide you toward future business success.
Demand for accounting services in the UK
Running a business in the UK comes with many unique accounting and compliance requirements, such as HMRC tax, VAT obligations, Payroll Compliance and annual filings for managing cash flow. Every UK business needs timely accounting, reporting and support to avoid penalties. Lexarox understands these local requirements and provides the most efficient bookkeeping and accounting services in the United Kingdom.
In the UK, the accounting market is growing rapidly because it is showing an unprecedented growth of businesses. Approximately 70-75% of SMEs are experiencing business growth by outsourcing accounting services. Additionally, £8.06 billion GBP was the UK accounting service market value in 2023 and is expected to reach £13.88 billion GBP by 2033. Spherical Insights data shows that UK small and large businesses are asking for error-free and fast accounting services that drive the demand for professional accounting services in the UK.
Why do professional accounting services matter in the UK?
As we all know, today’s businesses are competitive and struggling to handle accounts on their own is overwhelming and time-consuming. Nowadays, financial efficiency is more important than ever in business; that’s where the need for professional accounting services which can handle all accounting activities without making errors. Here are some more benefits of professional accounting services:
Accurate financial management: Professional accountants always keep all your financial transactions recorded systematically. With this, the errors of accounting are reduced, and businesses can get a clear overview of their business’s financial health. Our experts expertly manage all the finances and provide accurate results.
Time & resource efficiency: If businessmen handle accounts on their own, then it takes too much time and resources, but still, the accuracy is missed. This is where professional accountants come in, who provide efficient accounting services on time without wasting too many resources.
Compliance & risk management: With this constantly evolving UK tax law and HMRC regulation, staying compliant with regulations is challenging. A professional accountant keeps your business compliant with all regulatory standards and prevents you from penalties.
Better decision making: With detailed and accurate financial reports, businesses can easily make better decisions and start more strategic operations for more growth in business. Professional accountants always provide real-time insights, expert analysis and detailed financial reports.
Cost savings & tax optimization: Professional accountants have all the knowledge of how to save costs and optimize taxes for future benefits. They also help businesses to identify more opportunities and minimize risks of loss. We always aim to keep our clients satisfied and beneficial in every way.
What makes Lexarox Accounts stand out in accounting services in the UK?
In today’s Competitive business market, having the right and trusted accounting partner is essential for business success. This is where Lexarox makes a real difference and provides the best and affordable accounting service that empowers business growth. Here are some more reasons that truly make the Lexarox stand out:
Proven account proficiency
At Lexarox Accounts, we have a team that is highly skilled and certified in accounts with extensive experience in the industry. We always believe that every business is unique, and also its financial needs. Our expert team provides you with bookkeeping, precise financial reporting and intelligent tax solutions.
Customized accounting solutions
Lexarox Accounts believes that no two businesses are the same; that’s why we provide custom accounting services to all businesses. After analyzing your business size, problems, needs, and requirements, we design the whole accounting process accordingly so that it aligns with your business goals.
Digital first approach
In the new modern era, not only do services matter, but speed and accuracy also play the same role. To manage all the things at one time, Lexarox leverages advanced accounting software and digital tools to provide real-time reporting to businesses. Our digital-first approach minimizes errors and provides fast insights.
Honest & open practices
Transparency and honesty are priorities of Lexarox. We always provide clear information about their financial situation and also provide them with solutions. After discussing everything with the client, we start our accounting services, so that the client knows everything about the financial condition of their business.
Compliance & risk management
For every business, staying compliant with constantly changing tax laws is very challenging and ignoring them can cause penalties. Lexarox makes this challenging task easy and smooth with our expert accounting services, in which we also ensure that your business adheres to all statutory requirements.
Dedicated support service
Lexarox is always proud to offer a dedicated support service to all clients. From guidance to answering questions, urgent accounting needs to bookkeeping services, our team is always ready to solve all your problems and guide you in a good way for your business. Lexarox’s support team always speaks friendly to clients and provides a smooth accounting service process without overwhelming them.
Lexarox’s comprehensive accounting services
Lexarox Accounts is a full accounting service provider which includes the following services:
- Bookkeeping & ledger management: Systematic handling of financial records
- Financial statement preparation: Provide financial statement analysis to know the business position.
- Tax planning & filing: Provide tax planning and filing to reduce tax liability
- Payroll management: Efficient salary and deduction handling.
- HMRC investigation support: Provide full assistance during investigations.
- Business advisory services: Provide full Guidance for business opportunities.
Partner with Lexarox Accounts today
Now, partner with Lexarox accounts and get affordable accounting services to boost your business growth in the most competitive UK Market. Give your focus on what truly matters and leave your accounting worry only on Lexarox Accounts- Your trusted UK accounting partner in financial success. Get in touch with us now.
Call: 0208 533 1358
WhatsApp: 0747 235 6282
Mail: info@lexaroxaccounts.co.uk
FAQ about professional accounting services in the UK
Q. What is the cost of Lexarox accounting services?
The cost of our accounting services depends on the size, needs and complexity of financial operations of your business. But we ensure that we provide affordable accounting services with prices starting as little as £25 +VAT per month.
Q. How often should we get accounting services for our business?
Answer: The frequency of accounting services depends on your business needs. You can take it monthly, yearly, or quarterly.
Q. How do accountants help in investment planning for a business?
Answer: Accountants of Lexarox first analyze your financial data, assess cash flow and evaluate potential risk. After that, they provide you with guidance on fund allocation and investment decisions to maximize the profitability of the business.
Q. Can small businesses also get accounting services from Lexarox Accounts?
Answer: Yes, why not? Small businesses can also get accounting services to make more accurate and efficient business decisions. In fact, we are mainly focusing on small and medium-sized businesses.
Q. Are my financial details secure with Lexarox accounts?
Answer: Yes, at Lexarox, we use secure cloud storage, strict privacy protocols, and advanced encryption to protect your financial data. You don’t need to worry about your financial data privacy.
