bookkeeping and accountancy drawing
Bookkeeping and Accountancy Services

We'll take care of the accountancy and bookkeeping, so you don't have to.

Maintaining accurate financial records is the backbone of any successful business, and at SBX we take this responsibility seriously. Our bookkeeping services offer:

  • Accurate Transaction Records & Reconciliation: Ensuring all financial transactions are logged accurately and bank statements are reconciled regularly.
  • Efficient Invoicing & Payment Tracking: From assisting with generating invoices to managing accounts receivable and payable, we oversee your cash flow, ensuring prompt payments and organised expenses.
  • Custom Financial Reports & Compliance: Delivering tailored monthly or quarterly financial reports that offer insights into your business’s financial health for informed decision-making, alongside ensuring all records meet HMRC and regulations.

99.2%

Proportion of small UK businesses against medium/large size

5.5m

Private sector businesses in the UK in 2024

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Tax Return & Compliance

We can take care of your self-assessment, business Tax Returns and HMRC compliance

Filing tax returns can be stressful. We’re here to take care of it all, so you can focus on what really matters – your business.

  • Self Assessments: Managing the preparation and submission of your Self Assessment tax returns, ensuring all income sources are accurately reported, deductions are maximised, and the correct tax liability is calculated.
  • VAT Returns: Assisting with VAT registration, calculation of VAT liabilities, preparation, and submission of VAT returns to HMRC. This ensures your business complies with VAT regulations, manages cash flow effectively related to VAT.
  • Corporation Tax Returns: For limited companies, preparing and filing Corporation Tax returns. This involves calculating your company’s taxable profits, managing capital allowances, and ensuring all relevant tax reliefs are claimed.

We provide complete, rapid and uncompromising support when you need it and will help you identify all the sources of income and related tax savings.

1.1m

Self employed people required to file tax returns

£5.5bn

Estimated unpaid taxes 2024

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Payroll and CIS

Forget payroll, pension and CIS headaches and let SBX handle it all for you.

  • Comprehensive Payroll Management: SBX takes over the entire payroll process, from calculating wages, deductions, and bonuses to issuing payslips. Relieving you from the burden of compliance with HMRC’s PAYE and National Insurance contributions.
  • Pension Scheme Management: SBX simplifies pension administration by managing setup, contributions, compliance with auto-enrolment, and regulatory adherence, including opt-ins/outs and reporting to The Pensions Regulator.
  • CIS Compliance: For businesses in the construction industry, SBX helps with the complexities of the Construction Industry Scheme (CIS). This includes verifying subcontractors, calculating and deducting CIS at the correct rate, and submitting monthly CIS returns. See our Accounting for Tradespeople page for more detail.

99%

Businesses required to provide workplace pensions due to auto-enrolment laws

1.5m

Number of businesses running payroll for employees

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Accountancy and Business Advice

Our Chartered Accountants and Business Advisors are on hand to help

At SBX, our Chartered Accountants are here to provide tailored support for growing businesses. Whether you need help with cash flow forecasting, budgeting, or financial modelling, we’ve got you covered. We also offer practical business advice, including recommendations on software solutions that can enhance efficiency and organisation for business owners.

With SBX, you’re not just getting accounting services; you’re gaining strategic partners dedicated to enhancing your business’s success.

11.5%

Average revenue increase reported by UK small businesses that hire accountants

60%

Proportion of small firms in the UK that fail within three years, often due to inadequate financial management

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welcome to sbx drawing

New Client Promise

1

Financial Audit

  • We can provide a complimentary initial financial audit of your books, highlighting areas of key spending and clearing up any inaccuracies.
  • This will give us a deep insight of your business and allow us to add value where we can identify areas for improvement
2

Free Backdating

  • Got a backlog of bookkeeping or tax work? No problem! We’ll get your financial records up-to-date for the past 4 months at no extra cost.
  • This ensures your business is fully compliant and ready to move forward
3

Company formation

  • Thinking of setting up a new company? We can arrange the Formation, SIC codes and relevant HMRC documentation.
  • This is a complimentary service for SBX clients who only pay the Companies House fee.
4

Referral Program

  • When you refer a business to us and they sign up for our services, you’ll receive a referral fee between £50 and £200 depending on their plan.
  • There’s no limit to how many businesses you can refer, so start sharing the love!

Centralised Client Portal

In partnership with TaxDome, we provide a client portal designed for efficiency and convenience, accessible through a user-friendly mobile app. The portal allows you to directly scan and upload receipts and invoices via the app, ensuring secure storage and seamless integration into our system. It also offers secure messaging for direct communication with our team, e-signatures for all documentation, and straightforward billing and payment options, all designed to enhance your experience and save you time.

Client Portal
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IR35 Explained

IR35 is a UK tax legislation aimed at preventing tax avoidance through disguised employment. It ensures that employers cannot hire workers on a contract basis to bypass employment benefits and Employers’ National Insurance Contributions.

Understanding whether your work falls inside or outside IR35 is crucial for paying the correct taxes and avoiding HMRC penalties. This guide provides an overview of IR35 to help you stay compliant. For more detailed insights, explore our comprehensive IR35 resources to better navigate these complex rules and assess your status accurately.

IR35 is a UK tax legislation aimed at preventing tax avoidance through disguised employment. It ensures that employers cannot hire workers on a contract basis to bypass employment benefits and Employers’ National Insurance Contributions.

Understanding whether your work falls inside or outside IR35 is crucial for paying the correct taxes and avoiding HMRC penalties. This guide provides an overview of IR35 to help you stay compliant. For more detailed insights, explore our comprehensive IR35 resources to better navigate these complex rules and assess your status accurately.

IR35 Resource

Things being made beautifully simple are at the heart of everything we do.

Tax planning can help you or your business reduce liabilities.

Clear guidance can turn complex challenges into manageable steps.

SBX Customers

We’ll provide you with the experienced professionals to handle all your accounting needs.

Chartered Accountants in London & Slough for Small Businesses

SBX helps you stay compliant & keep more of what you earn with expert tax, accounts, and bookkeeping services.

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