Our Services
We offer excellent accounting services to suit your business needs
ACCOUNTANCY
Annual Accounts
As part of your statutory obligations to present your financial affairs to the Inland Revenue and companies house, our dedicated team will ensure your financial accounts are prepared and filed within reasonable timeframe just after your year-end rather than the deadline.
We also ensure you receive insightful feedback and explanations to help you understand your business
performance and identify areas that might affect cashflow.
Management Accounts
We produce management accounts tailored to your need from your company’s financial activities to enable you make informed and timely business decision as at when needed which could be monthly, quarterly, bi-annual or annually depending on your requirement.
Our team will ensure you get the maximum guidance and advice towards improving your business and also ensure the management reports are produced and presented in a comprehensive and understandable format for your business planning.
BOOKKEEPING
Bookkeeping
Our team of bookkeeping experts with vast knowledge of various accounting software help take away the stress and hassle associated with bookkeeping thereby enabling you to concentrate on more aspects of your business. We make sure your financial activities are comprehensively recorded, accurate and on real time basis so that you can ascertain the true position of the business at a particular point in time. In addition to us taking care of your bookkeeping work, we provide support and training on accounting softwares like Xero, Quickbooks, Kashflow, Sage, and so on. We also offer advice on how to improve your business processes as well as management reports if required.
TAXATION
VAT Returns
For VAT-registered businesses, we do help our clients prepare and reclaim VAT on goods or services purchased and also remit the VAT on goods or services sold to their customers. This is better and normally accounted for every quarter.
We process and file this return for our clients with complete accuracy and before the submission deadline to ensure proper payment plan is in place for our clients.
Income Tax
Whether you are an individual or a business enterprise, you are required by law to complete, file, and pay tax on all sources of income from either your employment, business, or gains. Our tax experts ensure taxable profit from all your income sources are accurately calculated in line with government approved accounting principles and standards.
As part of our services to help you save tax legitimately, we offer tax planning advice based on your situation.
Corporation Tax
Our diligent tax experts help our limited company clients calculate the tax due on their taxable profit from their businesses. We ensure accurate calculations, timely filings, and advise our clients on the correct amount of corporation tax due to HMRC including the payment deadline to avoid any eventuality of late payment penalties.
Self-Assessment Tax Returns
Directors and shareholders of companies, higher rate taxpayers, and self-employed individuals have the legal obligation for completing and filing taxes on their income. Sometimes, doing this can be complicated and time consuming and to ensure no mistakes are made, our tax team can shift this burden by calculating and filing your tax returns on your behalf.
We charge fixed reasonable fees for this service thereby giving you easy decision for us to complete the tax returns on your behalf.
PAYROLL
Business Payroll
We provide comprehensive payroll solutions to all sizes of businesses and practices for weekly, fortnightly, 4-Weekly, monthly, or annual payroll services. We manage payroll processes from setup to year end and integrate effective payroll management system tailored to our clients’ requirements ensuring prompt reporting to HMRC and dispatching all forms of statutory payroll reports to both employees and employers.
Pension Auto Enrolment
As part of compliance to The Pensions Regulator directives regarding workplace pension, Kompact Accountancy Solutions Payroll provide auto enrolment service and support to clients alongside our payroll services.
We take the stress off you managing and administering all processes from setups, reporting, and compliance ensuring you are not caught up with any surprises for non-compliance.
Construction Industry Scheme
As part of our payroll services, we also manage payrolls and provide support for our clients in the construction industry. We ensure both subcontractors and contractors are compliant with the regulations of the scheme and keep up to date with changes that affect our clients in the construction industry. Our team of CIS expert effectively manage all the processes from verifying subcontractors on your behalf, processing pay runs, dispatching of deduction statements, to HMRC’s reporting including claiming CIS tax back from the government for limited company subcontractors.
BUSINESS SETUP
Business Structure
Choosing the right business structure is a critical decision that affects your tax position, legal obligations, funding options, and long-term growth. We provide tailored advice to help you determine the most suitable structure—whether sole trader, partnership, limited company, or other options—based on your individual circumstances, risk profile, and future plans.
Our approach considers your income level, tax efficiency, liability exposure, compliance requirements, and growth prospects, ensuring your business is set up on a solid and scalable foundation from day one.
Company Closure
Closing a company requires careful handling to ensure all legal and tax obligations are properly met. We provide expert support in dissolving or closing down companies, guiding you through the process from start to finish.
Our service includes advising on the most appropriate closure method, dealing with Companies House and HMRC requirements, and ensuring a smooth and compliant wind-up, giving you peace of mind and a clean exit.
Business Plans
A well-prepared business plan is essential for making informed decisions and securing future growth. We help you develop a clear and practical business plan, including realistic budgets and detailed cashflow forecasts tailored to your business goals.
Our service provides valuable insight into expected income, costs, funding needs, and cash position, helping you plan confidently, manage risks, and demonstrate financial viability to lenders, investors, and otherstakeholders.
Companies House and HMRC Registrations
Setting up your business correctly starts with accurate and timely registrations. We handle all Companies House and HMRC registrations on your behalf, ensuring your business is fully compliant from the outset.
This includes company incorporation, registration for Corporation Tax, PAYE, and VAT where applicable. Our service removes the administrative burden, avoids costly errors or delays, and gives you peace of mind that your business is properly registered and ready to trade.
COMPANY SECRETARIAL
Shares Administration
Staying compliant with statutory requirements is essential to avoid penalties and protect your business. We provide comprehensive company secretarial support, ensuring all statutory compliance and filings are completed accurately and on time.
Our service covers Companies House filings, maintenance of statutory records, and ongoing compliance obligations, helping you meet your legal responsibilities while focusing on running your business withconfidence.
Company Structure
We provide efficient company secretarial support for managing changes in your company structure, ensuring all updates are handled accurately and in full compliance with statutory requirements.
Our service includes managing the appointment and resignation of directors or company secretaries, changes to registered office addresses, and company name alterations. We take care of all necessary filings with Companies House, giving you confidence that your records remain up to date and compliant.
Registered Office Services
Using a registered office address helps ensure your company meets statutory requirements while protecting your privacy. We provide a
reliable registered office service to support your company’s legal and administrative needs.
Our service includes the use of our address for Companies House and HMRC correspondence, ensuring official documents are received, handled securely, and forwarded promptly. This helps keep your company compliant and your records up to date without interruption.