Taxwise Accountancy

Considering launching a business as a Sole Trader, Partnership, Limited Liability Partnership, Limited Company, or Charity? Our expertise in business start-ups can help you maximise your chances of success. We assist you in achieving your goals more rapidly and effectively, while reducing your tax liabilities and enhancing your cash flow and profits.

By opting for outsourcing, you can enjoy a more cost-efficient solution compared to hiring a traditional bookkeeper, thus reducing your employment costs. You only pay for the time the work demands, without any commitment to a specific number of hours. Taxwise Accountancy offers accurate and all-encompassing bookkeeping services tailored to meet the distinct needs of small businesses.

Management accounting aids business owners in making informed choices by supplying timely and relevant financial information consistently. This service drives performance, informs strategy, maximises profit, and allows for in-depth analyses while promptly identifying issues. We recognise that each business has its own requirements, so we work collaboratively with our clients to create bespoke reporting solutions. Our specialisation encompasses management account preparation and clear communication of results, ensuring a comprehensive understanding of your business.

Handling payroll yourself can be both tedious and complex, often diverting your focus from the fundamental operations of your business. With Real Time Information (RTI) in place, employers must report payments made to employees and their deductions during every pay run, rather than at the end of the financial year. Taxwise Accountancy provides an extensive and confidential payroll service, tailored for any size or complexity of business, at a fixed fee. Our wealth of experience ensures that your payroll is managed accurately and punctually, every time.

VAT constitutes one of the most complicated and demanding tax regimes impacting businesses, often resulting in accidental overpayment or underpayment. This complexity is further complicated by various VAT rates, the possibility of partial exemptions, and the administrative requirements for companies trading abroad, within and outside the EU. At Taxwise Accountancy in Luton, Bedfordshire, we offer professional support to navigate these regulations and ensure that you do not incur excessive VAT. Our service is both effective and economical, suited to your business's specific needs.

Established Taxwise Accountancy in 2012 after 15+ years at a top 10 UK firm. Specializes in SME tax strategy and compliance, with expertise in MTD implementation and corporate governance.

We provide statutory accounts, corporation tax returns, VAT returns, payroll, and management accounts tailored to limited companies.

Our HMRC-registered team uses MTD-compliant software and conducts tax efficiency reviews to ensure full compliance.

Yes, we prepare and submit self-assessment returns for individuals, landlords, and freelancers, ensuring accuracy and deadlines.

We specialize in online company formation for Ltd, CIC, and LLP structures, including Companies House registration.

We offer transparent fixed monthly fees with no hidden costs for all our accounting and tax services.

Taxwise Accountancy helped me to prepare my accounts and file my tax return for my limited company which is a small business. They were very knowledgeable and reasonably priced.

I used Taxwise Accountancy for all my bookkeeping and year end needs as a director of a limited company. They were extremely professional and helpful and went above and beyond by providing me the advice that I needed when it comes to financial matters regarding my company. On many occasions I contacted Umber and Dewan for document preparation and this was swift and they gave me the relevant advice that I needed. If you are looking for a hassle free accountancy firm to handle your needs, I would highly recommend reaching out to Taxwise.

Excellent service, great response to my initial queries. I would definitely recommend these guys purely based on their professionalism.