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.
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 pass many high-value transactions through our property companies, and AK Tax & Accountancy have always helped us to get things sorted out. We have also been able to move onto Xero software which has made the bookkeeping so much easier. We have been with this company for a number of years and I have no hesitation in writing this strong review. A good company to work with!
Medfab Ltd have been working with Andy for 2 years now, the service and expertise is 2nd to none. I have had other accountants in the past that came highly recommended but are nowhere in the slightest to the calibre you receive fr AK Tax and accountancy. regards Kevin Harris Medfab ltd Managing Director,
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.
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Whether you’re starting up or you’re an established business, we’ll make your work with us as easy as humanly possible – starting from the time you get in touch. Just call us on 01634 540040 or complete the form below and we’ll get back to you ASAP.