IT & Accounting Solutions Limited provides practical accountancy, tax, payroll, financial management and company support services to SMEs, owner-managed businesses, charities, social enterprises and other organisations.
Established in March 2004, we combine professional accountancy experience with strong systems and technology knowledge. Our aim is to help clients meet their statutory obligations, understand their financial position and make informed business decisions.
Accountancy and year-end reporting
We prepare annual accounts for companies, sole traders, partnerships, charities and other organisations.
Our work may include:
- statutory accounts;
- management accounts;
- year-end adjustments;
- corporation tax computations;
- Companies House filing;
- HMRC submissions;
- accounting policy support;
- liaison with external auditors or independent examiners where required; and
- practical advice arising from the accounts.
We explain the figures clearly and highlight important issues, risks and opportunities rather than simply preparing accounts for filing.
Bookkeeping and management accounts
Accurate and timely bookkeeping is essential for reliable financial information.
We can provide:
- regular bookkeeping;
- bank and control account reconciliations;
- purchase and sales ledger support;
- management accounts;
- departmental and project reporting;
- restricted-fund reporting;
- budget comparisons;
- balance-sheet reviews; and
- financial reporting for directors, trustees and management teams.
We work with cloud accounting and digital record-keeping systems, including QuickBooks Online and connected finance applications.
Business planning
A clear business plan can help an organisation assess its objectives, funding needs, risks and future direction.
We can assist with:
- business plans;
- financial forecasts;
- start-up planning;
- funding applications;
- scenario modelling;
- sensitivity analysis;
- pricing and margin reviews;
- break-even analysis; and
- financial information for lenders, investors, trustees or boards.
Our approach is practical and proportionate. The plan should be useful to the people running the business, not simply a document prepared for a third party.
Cashflow planning and forecasting
Profitable businesses can still experience cashflow difficulties.
We prepare cashflow forecasts to help clients understand:
- when cash is expected to be received;
- when liabilities and commitments fall due;
- the effect of VAT, payroll and tax payments;
- working-capital requirements;
- seasonal fluctuations;
- funding requirements;
- the impact of planned investment or growth; and
- the financial effect of different scenarios.
Forecasts can be prepared as a one-off exercise or updated regularly as part of an ongoing finance support service.
Outsourced finance support
For organisations that need more than basic bookkeeping and annual accounts, we provide outsourced finance manager and finance director support.
This may include:
- monthly management accounts;
- cashflow forecasting;
- budgets and reforecasts;
- financial analysis;
- board and committee reporting;
- financial controls;
- policy and procedure development;
- systems implementation;
- finance-team support;
- liaison with banks, funders and professional advisers; and
- strategic financial input.
This gives organisations access to experienced financial support without the cost of employing a full-time finance director.
Company formations
We can assist with the formation of private limited companies and other appropriate business structures.
Our company formation service may include:
- incorporation at Companies House;
- guidance on company structure;
- registered office services where agreed;
- preparation of initial statutory records;
- share structure and ownership information;
- director and person-with-significant-control details;
- assistance with initial Companies House obligations; and
- coordination with tax, payroll and VAT registrations where required.
We recommend that clients obtain appropriate legal advice where arrangements involve complex ownership, shareholder rights, investment terms or bespoke articles of association.
Company secretarial services
Companies have continuing legal and filing obligations throughout their existence.
We can assist with:
- confirmation statements;
- Companies House filings;
- changes to directors and company officers;
- changes to registered office details;
- share allotments and transfers;
- statutory registers;
- dividend documentation;
- board minutes and resolutions;
- company name changes;
- registered office support; and
- general company administration.
Company secretarial services may be provided directly by IT & Accounting Solutions Limited or through an associated specialist company where appropriate.
Payroll and workplace pensions
We provide payroll services for employers of different sizes and across a range of sectors.
Our payroll service may include:
- weekly, fortnightly, four-weekly or monthly payroll processing;
- payslips;
- Real Time Information submissions to HMRC;
- PAYE and National Insurance calculations;
- statutory payments;
- pension deductions;
- workplace pension administration;
- starter and leaver processing;
- payroll journals;
- year-end payroll procedures;
- P60s;
- benefits and payrolling support; and
- assistance with payroll queries.
We work with clients to establish clear payroll deadlines and approval procedures so that payroll is processed accurately and on time.
VAT services
VAT can be complex and errors may result in penalties, interest or unexpected liabilities.
We can assist with:
- VAT registration;
- VAT deregistration;
- preparation and submission of VAT returns;
- Making Tax Digital compliance;
- review of VAT coding;
- partial exemption considerations;
- VAT treatment of income and expenditure;
- correction of VAT errors;
- voluntary disclosures;
- VAT control account reconciliations; and
- correspondence with HMRC.
We also help clients ensure that their bookkeeping systems capture VAT information correctly.
Tax compliance
We provide tax compliance support appropriate to the client and the services agreed.
This may include:
- corporation tax returns;
- self-assessment tax returns;
- partnership tax returns;
- tax computations;
- capital allowance claims;
- dividend planning;
- director remuneration considerations;
- payment deadline reminders; and
- dealing with routine HMRC correspondence.
Tax advice is provided in the context of the client’s circumstances and the scope of our engagement.
Business closures, strike-off and liquidation support
Where a company is no longer required, we can help the directors understand the available options and the accounting and tax steps that may be needed.
Our support may include:
- preparation of final accounts;
- final corporation tax returns;
- VAT deregistration;
- payroll closure;
- Companies House strike-off applications;
- review of outstanding assets and liabilities;
- director loan account considerations;
- distribution planning;
- liaison with insolvency practitioners; and
- administrative support during a formal liquidation.
IT & Accounting Solutions Limited is not an insolvency practitioner and does not conduct formal insolvency appointments. Where a formal liquidation or insolvency procedure is required, we will work with an appropriately licensed insolvency practitioner.
Cloud accounting and finance systems
We help clients improve the way they record, process and report financial information.
This may include:
- implementation of QuickBooks Online;
- migration from spreadsheets or legacy systems;
- digital receipt and invoice capture;
- bank feeds;
- purchase approval workflows;
- management reporting;
- payroll integration;
- VAT reporting;
- cloud document storage;
- user permissions and controls; and
- finance process reviews.
Our accountancy and technology experience allows us to consider both the financial and practical systems requirements of the organisation.
Who we support
We work with a range of organisations, including:
- small and medium-sized companies;
- owner-managed businesses;
- sole traders and partnerships;
- charities;
- charitable incorporated organisations;
- community interest companies;
- social enterprises;
- membership organisations;
- education and training providers;
- property businesses; and
- professional and service organisations.
Why choose IT & Accounting Solutions?
- Established in March 2004
- More than 20 years of accountancy and business experience
- Director-led service
- Strong charity and not-for-profit expertise
- Practical finance director support
- Accountancy and technology expertise in one practice
- Cloud accounting and process-improvement experience
- Clear and responsive advice
- Based in Maidstone and supporting clients across the UK
Professional regulation
IT & Accounting Solutions Limited is an accountancy practice regulated by the Association of International Accountants for the provision of accountancy services.
The practice is supervised by the Association of International Accountants for compliance with the Money Laundering Regulations 2017.
Marcel Jung is a Fellow of the Association of International Accountants and holds an AIA practising certificate.