The UK’s financial and insurance sector contributed £119.1 billion to the country’s economy in 2017—amounting to 6.5% of the UK’s total output.
The UK remains the world’s second-largest financial centre and the largest in Europe but as the industry develops, so too do the regulations that come with it. The complexity involved in being part of this sector all the more requires an accounting partner to make sure you stay compliant.
At AK Tax, we offer specialised accounting services for the financial sector whether you’re a self-employed individual (e.g. traders, brokers) or business or corporation (e.g. investment firms). From delivering regular financial reports to timely tax filings to excellent business advisory, we can help your financial sector business stay compliant and grow in uncertain economic times.
Here are just some of the areas in the financial services sector we have specialist knowledge and experience dealing with.
If you have any queries, please get in touch. We offer a free initial consultation to talk about your requirements and potential solutions.
We have three packages to suit most needs, however, if it’s not quite tailored enough then please get in touch as bespoke packages are always an option.
We take care of all of your specialist requirements.
As an Independent Financial Adviser (IFA), you need to help your clients get a better handle on their financial matters, build wealth and eliminate risks. You also have to keep up with current trends and technologies to stay ahead of the competition.
With all the client work on your plate, let our team handle your finances, be it with identifying cost inefficiencies, strengthening your information security, or bridging the gap between your current operations the industry’s best practices.
Some of our services tailored for IFAs include:
The mortgage sector in the country faces challenges from all fronts: an increasingly saturated market, more regulations, and easier access of end clients to online information. This puts you in a position where to stay afloat, you need to always have a healthy cash flow.
Our mortgage experts can help with the following:
With more pressure on improving business efficiency, changes in the country’s solvency and capital adequacy, and growing client scrutiny on having someone else handle their money, you need to have a trusted accountant on your side. We offer the following services for insurance companies:
Whether you’re a startup or a listed company, our team can guide you through the regulatory maze, outperform your competition, and come up with strong strategies and financial products.
Some of the tailored services we offer to investment firms include:
The UK’s financial technology sector is growing fast, generating about £20 billion in annual returns. With the industry attracting more mature investors, you need the expertise of our dedicated fintech advisors as you scale your business.
On top of all our tax accounting, management reporting and payroll services we can also offer these tailored services for fintech companies:
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