TaxPound

Professional Bookkeeping Services in the UK

Professional Bookkeeping Services in the UK

HMRC-Compliant Bookkeeping for UK Businesses

We provide comprehensive bookkeeping services for SMEs, startups, landlords, freelancers, and eCommerce businesses across the UK. Enjoy stress-free financial management with real-time clarity and complete HMRC compliance.

✓ HMRC Compliant ✓ MTD Ready ✓ Cloud-Based ✓ UK-Based Team

What Are Professional Bookkeeping Services?

Bookkeeping is the systematic recording, organizing, and managing of your business’s financial transactions. It forms the foundation of your financial health, ensuring every pound in and out is accurately tracked.

While bookkeeping focuses on day-to-day transaction recording, accounting involves interpreting, analyzing, and reporting on that financial data. Both are essential for UK businesses to maintain HMRC compliance and make informed decisions.

VAT Compliance

Accurate VAT recording and quarterly returns under Making Tax Digital requirements

Self Assessment

Organized records for accurate tax return preparation and timely submissions

Corporation Tax

Proper financial records for limited companies to meet statutory obligations

Payroll Obligations

PAYE processing, RTI submissions, and pension auto-enrolment compliance

In the UK, maintaining accurate financial records isn’t just good practice—it’s a legal requirement. With Making Tax Digital (MTD) now mandatory for VAT-registered businesses, digital bookkeeping has become essential for compliance.

Our Bookkeeping Services in the UK

From daily transaction recording to comprehensive financial reporting, we handle all aspects of your bookkeeping so you can focus on growing your business.

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Daily & Monthly Bookkeeping

Complete management of your day-to-day finances

  • Transaction recording and categorization
  • Bank reconciliation (daily/weekly/monthly)
  • Expense categorization for tax efficiency
  • Income tracking and verification
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VAT Returns & MTD Compliance

Seamless VAT management and digital submissions

  • Making Tax Digital (MTD) setup and compliance
  • Quarterly VAT return preparation and filing
  • VAT registration support and guidance
  • VAT scheme optimization (Flat Rate, Cash Accounting)
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Payroll & CIS Support

Complete payroll processing for your team

  • PAYE processing and RTI submissions
  • Auto-enrolment pension administration
  • CIS returns for contractors and subcontractors
  • Payslip generation and P60/P45 production
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Accounts Payable & Receivable

Efficient cash flow and invoice management

  • Sales and purchase invoice processing
  • Credit control and debt chasing
  • Supplier payment scheduling
  • Aged debtor and creditor reports
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Management Reporting

Real-time insights into your financial performance

  • Monthly Profit & Loss statements
  • Balance sheets and financial position
  • Cash flow forecasting and reports
  • Custom financial dashboards

Who We Work With

We specialize in providing tailored bookkeeping solutions for diverse businesses and industries across the UK.

Small Businesses

Scalable bookkeeping that grows with your business, from startup to established SME.

Limited Companies

Complete compliance with Companies House and HMRC requirements, including statutory accounts.

Sole Traders

Simple, affordable bookkeeping for self-employed professionals and freelancers.

Contractors & CIS Businesses

Specialist support for construction contractors with CIS deductions and compliance.

Landlords & Property Investors

Property-specific bookkeeping for rental income, expenses, and capital allowances.

eCommerce Businesses

Integrated bookkeeping for Amazon, Shopify, Etsy sellers with multi-channel support.

Why Choose Our UK Bookkeeping Services?

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UK-Based Team

Local expertise with deep understanding of UK tax laws and HMRC requirements

HMRC Compliant

All processes aligned with current UK regulations and MTD standards

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Certified Professionals

Qualified bookkeepers with AAT, ICB, or equivalent certifications

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Cloud-Based Systems

Real-time access to your finances via Xero, QuickBooks, or Sage

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Transparent Pricing

Fixed monthly packages with no hidden fees or surprises

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GDPR Compliant

Bank-level security and full compliance with UK data protection laws

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Dedicated Support

Your personal bookkeeper available via phone, email, and video call

Quick Response

Same-day responses to urgent queries, guaranteed support SLA

Trusted by over 500+ UK businesses across retail, construction, hospitality, professional services, and eCommerce sectors.

Cloud Accounting Software We Use

We work with the UK’s leading cloud accounting platforms, giving you real-time access to your financial data from anywhere.

Xero

Our preferred platform for most UK businesses. Powerful, intuitive, and MTD-ready.

QuickBooks

Ideal for small businesses and sole traders. Excellent mobile app and ease of use.

Sage

Traditional favorite for UK businesses. Perfect for payroll and larger operations.

FreeAgent

Designed specifically for freelancers, contractors, and micro-businesses.

Benefits of Cloud Accounting:

Real-Time Access

View your finances 24/7 from any device, anywhere in the world

Digital Records

All documents stored securely in the cloud, no paper filing needed

MTD Compatible

Fully compliant with Making Tax Digital requirements from HMRC

Bank Feeds

Automatic transaction imports from your bank, saving time and reducing errors

How Our Bookkeeping Process Works

Getting started is simple. We’ve refined our onboarding process to get you up and running smoothly.

1

Free Consultation

We discuss your business needs, current setup, and bookkeeping challenges. We’ll recommend the best package and software for your situation.

2

Onboarding & System Setup

We set up your cloud accounting software, configure chart of accounts, and establish your preferred reporting structure.

3

Data Migration

We securely transfer your existing financial data, ensuring accuracy and completeness. Historical data imported for comparison.

4

Monthly Bookkeeping

We process transactions, reconcile accounts, and maintain your books on an ongoing basis. You receive monthly financial reports.

5

Reporting & Compliance Support

Regular management reports, VAT returns, and year-end support. We’re always available for queries and strategic advice.

Benefits of Outsourcing Bookkeeping in the UK

Save Time

Focus on running your business while we handle the numbers. Reclaim 10-20 hours per month.

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Reduce HMRC Penalties

Avoid costly fines for late submissions or inaccurate records with expert compliance.

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Improve Cash Flow

Real-time visibility helps you make informed decisions and spot issues early.

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Lower Costs

More affordable than hiring full-time staff. No training, benefits, or overhead costs.

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Scalable Services

Easily adjust your package as your business grows or changes seasonally.

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Expert Guidance

Access to professional advice without the cost of a full-time finance team.

How Much Do Bookkeeping Services Cost in the UK?

Transparent, fixed-fee pricing with no hidden costs. Choose the package that fits your business size and needs.

Starter

£150/month

Perfect for new businesses and sole traders

  • Up to 50 transactions/month
  • Bank reconciliation
  • Expense categorization
  • Monthly P&L statement
  • VAT returns (if applicable)
  • Email support
Get Started

Premium

£650/month

For established businesses with complex needs

  • Unlimited transactions
  • Dedicated bookkeeper
  • Payroll processing (up to 10 employees)
  • Management reporting & dashboards
  • Cash flow forecasting
  • Multi-entity support
  • Priority support
Get Started

Pricing Factors to Consider:

Transaction Volume

Higher volumes require more time and resources

VAT Registration

VAT returns add complexity to bookkeeping requirements

Payroll Employees

Each employee adds to processing time and compliance work

Industry Type

Some sectors require specialist knowledge (construction, property)

Need a custom quote? Every business is unique. Contact us for a tailored proposal.

FAQs – Professional Bookkeeping UK

How much does a bookkeeper cost in the UK?

Professional bookkeeping services in the UK typically range from £150 to £650+ per month, depending on transaction volume, complexity, and services required. Sole traders and small businesses generally pay £150-250/month, while limited companies with VAT and payroll often pay £300-500/month. Hourly rates range from £25-50/hour for basic bookkeeping.

Is bookkeeping required by law in the UK?

Yes. All UK businesses must keep accurate financial records for at least 6 years (5 years for sole traders). HMRC requires you to maintain records of all income and expenses, which is essential for tax returns. VAT-registered businesses must keep detailed VAT records, and limited companies have additional Companies House requirements for statutory accounts.

What is the difference between a bookkeeper and an accountant?

Bookkeepers handle day-to-day financial recording: transactions, invoicing, bank reconciliation, and basic reporting. Accountants analyze financial data, prepare statutory accounts, file tax returns, provide strategic advice, and handle complex tax planning. Most businesses need both: bookkeepers for ongoing maintenance and accountants for year-end and tax work.

Can you help with HMRC audits or investigations?

Yes. Our accurate, well-maintained records make HMRC audits much simpler. We can provide all necessary documentation, explain our processes to HMRC, and support you throughout the investigation. While we’re not tax advisors, we work closely with accountants to ensure complete compliance and can recommend specialists if needed.

Do you support Making Tax Digital (MTD)?

Absolutely. All our bookkeeping services are MTD-compliant. We use approved software (Xero, QuickBooks, Sage) that integrates directly with HMRC. We handle MTD setup, quarterly VAT submissions, and digital record-keeping to ensure full compliance. MTD for Income Tax Self Assessment is also supported for sole traders and landlords.

How quickly can you get started?

Most clients are fully onboarded within 5-7 business days. After your free consultation, we can set up your cloud software, migrate historical data, and begin processing current transactions immediately. For urgent situations, we offer expedited onboarding within 2-3 days.

What if I have years of unreconciled records?

We specialize in catch-up bookkeeping. We can go back and clean up months or even years of records, reconcile accounts, and get you compliant. This is quoted separately based on the volume and complexity, but we’ll provide a fixed fee so there are no surprises.

Give us a call

020 3837 6611

Send us an email

info@taxpound.com