Dedicated professional accountant, startup-friendly packages
Clear monthly financial reports you can rely on
Experts in Xero, QuickBooks & Zoho, with support via chat, phone, or email
EXECELLENT SERVICE
16 June 2025
Very Helpful
Tax2u are professional, very helpful and easy to work with. This is my 2nd tax year they are handling, both of which, they've guided and prompted me when they needed documentation. Their online system is easy to access and use to upload documents throughout the year, making it painless to meet the HMRC deadline.
9 May 2025
great company to deal with
Whether or not, you have used an accountant in the past it's important to choose the right people and I can tell you tax2u are definitely the right people for you.
29 August 2025
Excellent service
I have been using tax2u for filing my tax returns. This is 3rd consecutive year and I must say they have been very helpful. Eduard has been very patient and responded in time and guided with everything. He has been amazing on explaining in detail about every query I had during the filing process. I do not have to worry about the documentation. I get timely reminders about submitting a tax return so you don't miss the deadline. I just have to upload all the required documents and tax2u takes care of the rest. Highly recommend anyone who wants to submit their tax returns.
14 May 2025
Journal Ledger – Day to Day transactions
Accurately record all daily income and expenses in a structured general ledger. Ideal for small business bookkeeping, HMRC compliance, and financial reporting.
Bank & Credit Card Reconciliation
Match business transactions against your bank and credit card statements to ensure clean, accurate books and reduce errors before filing.
Manage Invoices & Payments
Create, send, and track invoices with ease. Monitor customer payments, chase outstanding balances, and maintain healthy cash flow.
Inventory Management & Reconciliation
Track stock levels in real time, reconcile purchases and sales, and keep your inventory accurate across all business channels.
Monthly Financials Statements
Receive profit & loss, balance sheet, and cash flow statements each month — helping you stay on top of performance and make informed business decisions.
Payroll
Full payroll processing for employees and subcontractors, including pay slips, tax calculations, NI deductions, and RTI submissions to HMRC.
Audit Support
Be prepared for HMRC or third-party audits with accurate records, transaction history, and expert assistance to guide you through the process.
CIS Filing
Complete Construction Industry Scheme (CIS) monthly return filing, subcontractor deduction statements, and full HMRC compliance for contractors.
VAT Filing
Quarterly or monthly VAT return preparation and filing, including support for Standard and Flat Rate VAT schemes, ensuring full MTD compliance.
Complete the basic details of your company to help us understand what your company do
We’ll allocate one of our expert accountants to deal with your books and keep them up to date
Depending up on the business needs you can choose and plan and subscribe our product
We can now onboard you, get your details and start working on your books
Bookkeeping is a process of recording and organizing all the business transactions that have occurred in the course of the business. Bookkeeping is an integral part of accounting and largely focuses on recording day-to-day financial transaction of the business.
All the financial transactions such as sales earned revenue, payment of taxes, earned interest, payroll and other operational expenses, loans investments etc. are recorded in books of accounts.
Our communication system is so simple - you can send your information by just uploading it to a secured dashboard portal where security is our topmost priority.
The way the bookkeeping is managed determines the accuracy of the overall accounting process that is been followed by the business. Thus, bookkeeping ensures that the record of financial transactions are up-to-date and more importantly, accurate
Just like to prepare a report, you need a source of data, bookkeeping is a source that gets summarized into the financial statements or any other accounting report that you see. With bookkeeping tracks and records all the financial transactions, it becomes the starting point of accounting. No bookkeeping = No accounting.
Thus, it becomes important for businesses, small or big to have bookkeeping in place.
The following are the importance of bookkeeping:
Bookkeeping tasks provide the records necessary to understand a business’s finances as well as recognize any monetary issues that may need to be addressed. Proper planning and scheduling is key since staying on top of records on a weekly or monthly basis will provide a clear overview of an organization’s financial health.
For every type of business, bookkeeping includes several components and steps, including:
While they seem similar at first glance, bookkeeping and accounting are two very different mediums.
In cash-based, you recognize revenue when you receive cash into your business. Expenses are recognized when they are paid for. In other words, any time cash enters or exits your accounts, they are recognized in the books. This means that purchases or sales made on credit will not go into your books until the cash exchanges.
In the accrual method, revenue is recognized when it is earned. Similarly, expenses are recorded when they are incurred, usually along with corresponding revenues. The actual cash does not have to enter or exit for the transaction to be recorded. You can mark your sales and purchases made on credit right away.
Both a cash and accrual basis can work with single- or double-entry bookkeeping. In general however, the single-entry method is the foundation for cash-based bookkeeping. Transactions are recorded as single entries which are either cash coming in or going out. The accrual basis works better with the double-entry system.
Had challenges registering for UTR number. Carmen was very helpful and efficient in the process. He managed to get me the number in 10 days. Highly, I do recommend.