We are a chartered accounting firm that supports growing businesses with outsourced finance functions, providing scalable financial management, reporting, and strategic support to help organisations strengthen their financial operations and make informed decisions.We also provide statutory audits, independent examinations, and accounting and tax compliance services to entities and individuals across the UK. These include preparation of statutory accounts, corporate and personal tax compliance, and outsourced payroll solutions.
Business details
- Licensed
- Insured
Highlights and features
- Comprehensive audit and assurance services offered
- Expert compliance and taxation guidance provided
- Outsourced management solutions tailored to business needs
- Accurate bookkeeping and VAT support available
- Cashflow projections to optimise financial planning
- Virtual FD services enhancing financial decision-making
Associations and certifications
- Association of Chartered Certified Accountants
Payment methods
- Debit cards
- Credit cards
- Bank transfers
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Services
Our Audit & Assurance service ensures compliance with statutory requirements while fostering confidence among shareholders, banks, and regulators. We conduct thorough audits efficiently, minimising the burden on your staff. Beyond verifying accounts, we provide Directors with insights into risk and operational processes, offering recommendations to strengthen internal controls and sector-specific practices. Our expertise spans trading companies, charitable organisations, and entities handling client funds.
Our practice provides comprehensive support for the preparation of statutory accounts for UK companies and charitable organisations, ensuring adherence to the Companies Act and other statutory obligations. We convert your financial records into compliant accounts, whether for individual companies, LLPs, or group subsidiaries. Reporting standards are selected based on organisational size, ranging from micro-entity accounts under FRS 105 to IFRS statements. We also guide clients through the annual Corporation Tax return process, incorporating applicable allowances and potential investor incentives where relevant.
We provide comprehensive assistance with self-assessment tax returns, catering to sole traders, business partners, high earners, and those with additional income streams. Our services include precise calculation of tax liabilities, timely reminders of payment deadlines, and maximising claims, deductions, and allowances. We offer guidance on HMRC enquiries, special returns, remittance basis returns, and capital gains or inheritance tax matters.
Managing payroll can be complex and resource-intensive, which is why many businesses opt to delegate this function. At Ipsum Accountants, we assume full responsibility for payroll administration, including calculating gross wages, tax and National Insurance deductions, statutory pay, and benefits. We also provide guidance on industry-specific schemes, shareholder remuneration, and electronic payroll processing, ensuring compliance with RTI and pensions regulations.
Our Bookkeeping & VAT service ensures meticulous financial records that form the foundation for both management and statutory accounts. Businesses without an in-house finance team often encounter errors and misclassifications, which can hinder growth. We offer a cost-effective solution to save owners time, including assistance with cloud software selection and seamless data migration, while also handling VAT submissions for registered clients in compliance with Making Tax Digital.
The Virtual FD offering is designed to support growing enterprises that require high-level financial direction without committing to permanent executive costs. By leveraging detailed analysis of profitability, KPIs, cost management, and technology, we deliver actionable guidance. Our approach ensures that decisions regarding acquisitions, exits, and system investments are underpinned by careful evaluation, enabling businesses to navigate complex challenges and capitalise on potential opportunities with confidence.
People
Iqbal Chowdhury
Director
Iqbal graduated from the London School of Economics in 2006, and went onto work for the audit and tax departments at CLB Littlejohn Frazer, primarily across the finance and charity sectors. His commercial and management accounting experience varies across manufacturing, retail, and wholesale industries. He has internal audit experience within the insurance industry, and was also an analyst for the EMEA Equity Derivatives trading floor, at Bank of America Merrill Lynch.
Reviews (4)
Sheila Halsted
Jul 19, 2023
Shashidhar Jakku
Jan 13, 2023
Rhiannon
Sep 06, 2022
Jayne
Mar 03, 2022