# ACE Account | Tax | Advisor

> Chartered Certified Accountant


## Posts

- [Meet the ACE Team](https://aceaccountax.co.uk/meet-the-ace-team/): Akshay Shah FCCA | Managing Director I attained my Chartered Certified Accountant credentials in 2001 and have since held roles as a Finance Controller and Finance Director across various large and medium-sized firms within the IT sector and related industries. In 2006, I established my practice driven by a fervent desire to support small and emerging startups. My specialization encompasses a spectrum of small enterprises, from sole proprietorships and micro-companies to partnerships and modestly sized limited companies. When not engaged in professional pursuits, I delight in traveling, playing golf, and cultivating connections through networking, as well as spending quality time
- [5 Bookkeeping Challenges Faced by Small Businesses](https://aceaccountax.co.uk/5-bookkeeping-challenges-faced-by-small-businesses/): Bookkeeping is a necessary process that ensures that a company’s financial records are on track. It involves the recording of all financial transactions, including purchases, sales, and payment by a company or an individual. Bookkeeping plays a crucial role in reducing the risk of mismanaging funds and helping a business make informed decisions. After all, when you have a systematic record of your company’s financial health, everything is easy to plan. Unfortunately, bookkeeping is not as easy as it seems, especially for small businesses that don’t have dedicated departments to maintain accurate bookkeeping records. In this post, we will talk
- [Cloud Accounting – Cloud Accounting Benefits and Business Guide](https://aceaccountax.co.uk/cloud-accounting-cloud-accounting-benefits-and-business-guide/): Over the past few years, cloud based accounting has gained increased popularity across the world, and why not? This accounting solution is not only reliable and time-effective but also more affordable than traditional accounting systems.  According to Forbes, cloud based accounting reduces the labour cost up to 50%. If you’re planning to switch from conventional accounting to cloud based accounting, make sure you work with an accounting firm that has invested in advanced cloud based accounting software like Xero. You need to ensure that they’re Xero certified partners. In this post, we learn the benefits of cloud solutions, but before that, let’s
- [Payroll Management Tips for Business Owners](https://aceaccountax.co.uk/payroll-management-tips-for-business-owners/): Payroll management is a method for processing workers’ salaries, bonuses, and deductions as per the labour laws and other directives by the government. Regardless of the size of your business, it’s essential that you learn tips for managing payroll effectively. After all, it directly affects your financial welfare of your business and your staff. In this post, we’re going to make you familiar with payroll management tips that will not only help you process high volume data accurately and on time, but also stay top of dynamic HMRC regulations. Make a Clear Payroll Calendar A payroll calendar enables employees to
- [Summer Economic Update](https://aceaccountax.co.uk/summer-economic-update/): On Wednesday 8th July 2020, the Chancellor Rishi Sunak made a speech entitled “Summer Economic Update” where he unveiled further Government supports and he unveiled the Government’s plan for jobs which he described as the “Second phase in in the Government’s economic response to the crisis.” The “Plan for Jobs” PDF can be seen: Plan for Jobs Pdf Coronovirus job retention scheme (CJRS) and job retention bonus The CJRS ends in October and the Chancellor looked to cushion expected redundancies with the announcement of a Job Retention Bonus (JRB). The new scheme will give employers £1,000 for each previously furloughed
- [Everything You Need to Know About Virtual Accounting](https://aceaccountax.co.uk/everything-you-need-to-know-about-virtual-accounting/): Everything You Need to Know About Virtual Accounting  A lot of businesses outsource essential tasks that don’t fall into the core competencies of their workers, and accounting is no different! Virtual accounting is a new trend that enables qualified accountants to offer their services to businesses of various types remotely. A large number of businesses across the United Kingdom are taking advantage of this affordable, flexible, and proficient accounting option. Virtual accounting helps companies manage their financial accounts without disturbing their core business.  What Exactly is Virtual Accounting? As the name suggests, in virtual accounting, a professional accountant provides accounting
- [Everything You Need to Know About Making Tax Digital (MTD)](https://aceaccountax.co.uk/everything-you-need-to-know-about-making-tax-digital-mtd/): Everything You Need to Know About Making Tax Digital (MTD) Introduced in April 2019, Make Tax Digital or MTD is an initiative by the UK government to make the UK’s tax system one of the most advanced tax administrations in the world. Furthermore, it is designed to help individuals and businesses pay the right tax. In this post, we will give you a quick overview of MTD and how you can register for the same. So let’s get started. What is Making Tax Digital? As mentioned above, it’s the government plan that has changed the way businesses in the United
- [Why Businesses Should Invest in Xero Accounting Software](https://aceaccountax.co.uk/why-businesses-should-invest-in-xero-accounting-software/): Why Businesses Should Invest in Xero Accounting Software Xero is a cloud-based accounting software system that has earned enough popularity over the past few years. Majorly, small and medium-sized businesses prefer this software as its service plans and features accommodate their different needs. Not only the software helps businesses remain organized but also let them carry out standard bookkeeping and other accounting functions.  Let’s have a look at some benefits businesses can have from Xero accounting software. Currency Conversion If you’re planning to enter into the global market and looking for an easy currency conversion system, Xero is what you
- [What is a Virtual Finance Director and Why Should You Hire Them?](https://aceaccountax.co.uk/what-is-a-virtual-finance-director-and-why-should-you-hire-them/): What is a Virtual Finance Director and Why Should You Hire Them? If you think your business has grown to the extent where you need a professional who can manage your finance, but you can’t afford to employ someone on a full-time basis, you may consider hiring a virtual finance director. A virtual finance director provides you with all crucial financial information and assists you in making financial decisions. For those who don’t know, a virtual finance director (Virtual FD) is a financial expert who offers financial assistance to businesses without needing to hire them as regular employees. They can manage
- [How to Prepare a Statutory Account for a Limited company in the United Kingdom](https://aceaccountax.co.uk/how-to-prepare-a-statutory-account-for-a-limited-company-in-the-united-kingdom/): Also known as an annual account, a statutory account is a set of financial reports presented by companies at the end of each fiscal year for tax purposes. It is required by HM Revenue & Customs (HMRC) to collect and keep the record of corporate taxes. Preparing a statutory account is a daunting task as it involves maintaining the record of each small expense and payroll. If you’re struggling to prepare a statutory account, read this quick guide on how to make a statutory account until the end. Getting Statutory Accounts Ready Every company needs to send a copy of its
- [eCommerce Accounting Services– Some Basics Before you Start your Venture](https://aceaccountax.co.uk/ecommerce-accounting-services-some-basics-before-you-start-your-venture/): Ecommerce Accounting can be dull and prove a significant pain for many business owners. It can become confusing and turn into a headache very quickly. However, if you want to run a successful eCommerce venture, you must ensure you have a good accounting process to manage your online sales. There are many options available to help you put a process in place. Rest assured, even though eCommerce accounting can be a daunting task, the help of experienced accountants and the integration of some clever cloud-based software could be the answer. Not only will you be able to focus on running
- [How to Prepare Your Business For the VAT Domestic Reverse Charge](https://aceaccountax.co.uk/how-to-prepare-your-business-for-the-vat-domestic-reverse-charge/): The VAT domestic reverse charge procedure is a new way of accounting for VAT in the construction industry. It is due to come into effect in the UK on 1 March 2021, having previously been delayed from 2019 and then October 2020 by HMRC. If your business is affected here is how you can prepare and apply the upcoming changes in Xero. Ensure your software is up to date. If you use accounting software, you’ll need to check it will deal with the new VAT domestic reverse charge. For example, if you are using desktop software, you will need to
- [Personal Taxes vs. Business Taxes](https://aceaccountax.co.uk/personal-taxes-vs-business-taxes/): Personal Taxes vs. Business Taxes Comparing personal taxes to business taxes is like comparing apples to oranges. Although the basic concept of both charges is similar, there are some crucial differences between the two. Let’s find more about personal taxes vs. business taxes in the United Kingdom What is Corporate Tax? Corporate tax or business tax is the expense of a business’ cash flow charged by the government. It is also a country’s primary source of income. This type of tax is known as direct tax paid by businesses to the government on their earnings. The funds collected via taxes
- [Xero: Is it Worth The Money?](https://aceaccountax.co.uk/xero-is-it-worth-the-money/): Xero: Is it Worth The Money? Xero is a popular cloud-based accounting software. It has been a tough competitor to other accounting software since 2006. Based out of New Zealand, Xero is a powerful accounting tool that comes with a wide range of features, 800+ integrations and provides comprehensive reports. Unlike its primary competitors, Xero features a mobile app with a user-friendly interface. If you’re looking to use Xero, but not sure if it is worth investing in a subscription, read this quick review. Features of Xero Dashboard Xero features a customisable dashboard that displays graphs, labelled bank accounts, invoices
- [Virtual Bookkeeping and Accounting Services V.S. Online services: What’s the difference?](https://aceaccountax.co.uk/virtual-bookkeeping-and-accounting-services-v-s-online-services-whats-the-difference/): As a small business owner, you have to make several business-related decisions. These include new deals, customer-management, growth opportunities, and work efficiency. But one goal that goes along with every decision is to keep the organisation’s spendings as low as possible. You know what they say: “A Penny Saved Is A Penny Earned! But a penny has to be saved so that it does not compromise the work quality. For a small or mid-sized company, such ways include hiring outside help for jobs that fall outside their prime functions. Since opening a new department and hiring new employees for such
- [Property Tax: Declaration of Trust, Form 17 (HMRC)](https://aceaccountax.co.uk/property-tax-declaration-of-trust-form-17-hmrc/): Over the years, I have noticed that there is a lot of confusion in matters on how properties should be purchased between two individuals; should the property be purchased on joint names as ’joint tenants’, or ‘tenants in common’ and what are the tax implications if you decide to let the property out? I have tried to provide answers to the most common questions asked on this topic below. At this point, I should also explain the legal terminology as homeowners are usually freeholders or leaseholders, and those who simply rent their property out are referred to as ‘tenants’. However,
- [How do you pick the right Payroll Service that suits your business?](https://aceaccountax.co.uk/how-do-you-pick-the-right-payroll-service-that-suits-your-business/): Are you thinking of investing in a payroll service for your small business? Every company that has a hiring process requires a payroll process to pay its staff. With times changing, companies today prefer a payroll service for its process simplification and convenience over processing it themselves or outsourcing the job. Let’s try to understand a bit more about payroll services and how you can pick one for your small business. What is a Payroll Service? A payroll service provider is someone who processes payroll calculations, year-end taxes, payroll tax statements and much more. An online payroll service will offer
- [How Management Accounting Can Help Your Business](https://aceaccountax.co.uk/how-management-accounting-can-help-your-business/): When you talk about a business organization, management accounting is vital for its efficient functioning. Unfortunately, small business owners and entrepreneurs fail to recognize the importance due to management accounting’s understated role. It provides valuable performance and financial information to allow managers to devise a strategy and take effective decisions. Although overlooked and ignored, management accounting can prove highly beneficial for your business if implemented correctly. Let’s find out how it does so. What is management accounting? Management accounting is a process where managers create business goals after identifying, analysing, interpreting, measuring, and communicating information. It sheds light on all
- [The Budget 2021 and debate over time off for vaccine appointments heats up.](https://aceaccountax.co.uk/the-budget-2021-and-debate-over-time-off-for-vaccine-appointments-heats-up/): The Budget on 3 March was a much-anticipated one as Chancellor Rushi Sunak announced the government’s stand on corporation taxes. While the country is still in a complete lockdown until 21 June, finance experts and business leaders appealed to the Chancellor to favour the country’s businesses. The pandemic led to significant losses for large and small companies alike, and everyone looked up to the government to bail out the economy. Marvin Rust, managing director, Tax division at Marsal & Alvarez, said, “We need policies that cover at least the medium term to the end of this parliament, a pro-economic growth
- [Inflation in post-pandemic Britain](https://aceaccountax.co.uk/inflation-in-post-pandemic-britain/): During this pandemic, the UK government has been spending an enormous amount on COVID-19 management. These spendings include support for health services, relief funds for those without income and keeping the local business alive. According to the International Monetary Fund, governments of better economies should spend more to keep their economies afloat during the pandemic and prepare for post-COVID recovery. How has 2021 fared so far in Britain? With the year starting to look better for the country, businesses and shops finally opened up after long lockdown protocols. But the pandemic caused a massive surge of consumer demand for many
- [How to Choose an Umbrella Company for Contractors](https://aceaccountax.co.uk/how-to-choose-an-umbrella-company-for-contractors/): The UK government rolled out the new changes in IR35 in April this year. Unfortunately for the contractors, it made it even more challenging to pick the right umbrella company. However, the contractors currently inside IR35 or those unsure how long they will be contracting might feel that PAYE umbrella companies are great options. Even though it is not as tax efficient as a limited contractor company, a good umbrella company can provide quick contracting solutions to those unsure contractors. But the question is, how do you choose an umbrella company for contractors? These tips will help you do exactly
- [SEIS Scheme for Startup investment](https://aceaccountax.co.uk/seis-scheme-for-startup-investment/): The SEIS Scheme for Startup investment is a scheme that offers substantial tax benefits to investors. The Seed Enterprise Investment Scheme (SEIS) is intended to help the financial growth in the UK by promoting enterprise and small-scale businesses. Suppose you have started a business and working towards improving it by seeking feedback from early users. This is the time when you might be looking for investors who will be interested in buying your vision. Here the SEIS scheme helps in offering huge tax-efficient benefits to investors in return for their investment in startups. Introduction to SEIS Scheme The UK government
- [UK Contractors should use Umbrella Companies.](https://aceaccountax.co.uk/uk-contractors-should-use-umbrella-companies/): An organisation or company is termed an umbrella company that contractors choose to work through as an alternative in setting up their own limited company business. The umbrella company acts as their employers and is the intermediary between a contractor and their recruitment agency. It handles all their administrative tasks, such as managing their payments. It means that contractors will not have to deal with any administrative tasks or responsibility associated with any limited company like accounting and taxes. The primary benefit for the contractors to use an umbrella company is that they can work for end-users on small contracts.
- [IR35 Guidance For Contractors](https://aceaccountax.co.uk/ir35-guidance-for-contractors/): The UK’s IR35 has bothered the business community and tax experts since the year it was passed. Her Majesty’s Revenue and Customs introduced IR35 in 2000 with a reform implementation in 2017 and again this year in April. The new reform aims to bring the private sector in line with the public sector. What is IR35? IR35 is also called the off-payroll working rules. It is government legislation designed to help differentiate legit independent contractors from those posing as employees. As mentioned before, HMRC introduced IR35 in 2000 to intercept contractors at work full time through their PSC (Personal Service
- [Claiming expenses as an Umbrella company employee](https://aceaccountax.co.uk/claiming-expenses-as-an-umbrella-company-employee/): When it comes to claiming expenses, it can become a tedious task for the contractors. If you have been working through an umbrella company, you must have heard about claiming expenses. It is one of the most talked-about topics among contractors. So, how does it work? Let’s find out. What expense can an Umbrella company employee claim? If you are planning or have been working through an umbrella company, then these are the expenses that you may claim: Business costs These costs include any expense critical for your work performance. Business costs include work materials (textbooks, manuals), protective clothing, training
- [Working through an umbrella company: how does it work?](https://aceaccountax.co.uk/working-through-an-umbrella-company-how-does-it-work/): With more and more people in the UK opting to work on a contractual basis, umbrella companies have gained popularity. And while it is an excellent option for people who want to avoid the administrative burden, some things about working through an umbrella company could be confusing and downright annoying. Let’s find out in more detail how and what it is like working through an umbrella company? What is an umbrella company? An umbrella company basically acts as an employer for individual contractors who work on fixed-term contracts. The company takes care of all the bookkeeping facets and collects your
- [How to fill the UK tax gap?](https://aceaccountax.co.uk/how-to-fill-the-uk-tax-gap/): On September 16, the HMRC released the figures for the pre=pandemic period of 2019/20. It shows a UK 2bn rise in the estimated tax gap. The reason behind this is the persistent increase in the VAT gap. The annual data evaluates a contrast between the total tax expected to be paid and the amount paid. The figures for the 2019/20 period of UK pound 35bn correspond to 5.3% of tax liabilities – an increase from the previous 5% tax liabilities. Experts feel that even though the estimated tax gap has reduced over time in percentage, the level remains the same.
- [What to expect when the furlough ends?](https://aceaccountax.co.uk/what-to-expect-when-the-furlough-ends/): The pandemic brought uncertainty and despair to the whole world. As businesses shut down and people had no means of income, it became clear that the government had to intervene to save further economic collapse. In England, Chancellor Rishi Sunak introduced the furlough scheme when the pandemic began. The idea behind the scheme was to save jobs during the pandemic. Let’s find out more about this scheme: What is the furlough scheme? The furlough scheme was directed towards the staff of businesses who had stopped working since there was no work during the pandemic. The scheme kept all these people
- [How easy is it to change accountants should we want to move to you?](https://aceaccountax.co.uk/how-easy-is-it-to-change-accountants-should-we-want-to-move-to-you/): There can be reasons why even a startup business feels that it’s the right time to Change Accountants. To give your business the right direction, switching to a new Accountant can be the first step. The process of switching your Accountant can be simple. The entire process of changing your accountants can be achieved with the least fuss, effort, and distraction to your business. Let’s check out the main reasons to switch accountants. When organisations switch their accountants, it is mainly due to the growth and fluctuation of their business. However, it can even happen when the accountants enhance and fluctuate
- [How Do I Manage My Tax as a Freelancer?](https://aceaccountax.co.uk/how-do-i-manage-my-tax-as-a-freelancer/): Freelancing comes with multiple perks, and one of them is freedom. But, like other things, freelancing also has its pros and cons. Thus, anyone looking to start their career as a freelancer should know what these may be. For example, one of the prime concerns for freelancers is tax management because there is not always a steady flow of income.  But all of your hassle to manage them as a freelancer is drained down with this write-up. Here we have lined some ways to help you manage your freelancer tax related matters. Keep reading for a better comprehension of knowledge.  Keep Important
- [A Guide to Making Tax Digital (MTD)](https://aceaccountax.co.uk/a-guide-to-making-tax-digital-mtd/): With the pandemic streaming at its height, the UK’s economy was adequately locked down to protect the NHS, and there was no other option than to be digital. So millions worked from home, shopped online, and got socialised more virtually, and it became a new normal. Moreover, now the tax processes are being modernised with the help of making tax digital.  Also, it has been an everlasting priority for the government. It was first announced in the year 2015. However, in 2020, a ten-year tactic was announced for building a trusted, modern tax administration system.  It is the most suitable method
- [A Quick Short Guide to HMRC & IR35](https://aceaccountax.co.uk/a-quick-short-guide-to-hmrc-ir35/): The IR35 remains controversial for many self-employed people, especially after introducing new changes in April 2021. Many contractors are concerned about this issue, but it cannot be easy to understand and follow, so we also understand if this law affects your sanity. Many people may not think they can beat HMRC regarding IR35 efforts. But this couldn’t be far from the truth, as HMRC has already lost several cases.   What is IR35?  The off-payroll working rules are also known as IR35. These off-payroll working rules may apply if an employee offers services to customers through limited liability companies or other
- [The impact of MTD ITSA](https://aceaccountax.co.uk/the-impact-of-mtd-itsa/): Making Tax Digital for Self-Assessment of Income Tax (MTD for ITSA) A new Income Tax Self-Assessment system called Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) will take effect on April 6, 2023. What does MTD for ITSA mean, how will it affect you, and what action will you need to take? We hope to answer all your questions in this article without getting bogged down in unnecessary detail and jargon so that you can be fully prepared. What exactly is MTD? Making Tax Digital, or MTD as it is commonly known, was first introduced in the 2017 Finance
- [Why you should use an accountant and bookkeeper](https://aceaccountax.co.uk/why-you-should-use-an-accountant-and-bookkeeper/): Accountants manage your taxes, find discounts, and develop your firm. Yes, they’ll return your weekends. Use them correctly to get your money’s worth. There are various services an accountant and bookkeeper can provide for you, but the following are some crucial areas where hiring one will benefit your company immediately. Get your books in order once and for all.   Business owners frequently only handle their bookkeeping when they have the time. That doesn’t honestly give your finances the attention they need, and it has the following consequences: data entry errors A document that was lost (such as proof of
- [Will Truss Tax Cuts Save The Country?](https://aceaccountax.co.uk/will-truss-tax-cuts-save-the-country/): “On 6 September 2022, Liz Truss became the new Prime Minister of the United Kingdom. After Boris Johnson, who has served from 2019 to 2022, now, she will take Britain to a new path of success.” Liz Truss spoke her positive mindset to the people of Britain after getting the position of Prime Minister. She talked about Truss tax cuts, energy bills, and so on. Let’s know more about her campaign pronouncements for the country, its advisers, and taxpayers. From now, people’s eyes will be on the fruition of her campaign promises. She promised to reform the country better. Moreover,

## Pages

- [Newsletter](https://aceaccountax.co.uk/newsletter-2/): [newsletter]
- [Business Insight](https://aceaccountax.co.uk/newsletter/business-insight/): Business Insight November 2025 Business Newsletter UK Welcome to our latest monthly newswire. We hope you enjoy reading this newsletter and find it useful. Please contact us if you wish to discuss any issues further. View Details October 2025 Business Newsletter UK Welcome to our latest monthly newswire. We hope you enjoy reading this newsletter and find it useful. Please contact us if you wish to discuss any issues further. View Details September 2025 Business Newsletter UK Welcome to our latest monthly newswire. We hope you enjoy reading this newsletter and find it useful. Please contact us if you wish
- [Property Insight](https://aceaccountax.co.uk/newsletter/property-insight/): Property Insight November 2025 NEWSLETTER Welcome to our monthly newsletter for property landlords. We hope you find this informative and please contact us to discuss any matters further. View Details October 2025 NEWSLETTER Welcome to our monthly newsletter for property landlords. We hope you find this informative and please contact us to discuss any matters further . View Details September 2025 NEWSLETTER Welcome to our monthly newsletter for property landlords. We hope you find this informative and please contact us to discuss any matters further. View Details August 2025 NEWSLETTER Welcome to our latest monthly newswire. We hope you enjoy
- [Tax & Accounts Insight](https://aceaccountax.co.uk/newsletter/tax-accounts-insight/): Tax & Accounts Insight November 2025 Tax Newsletter UK Welcome to our latest monthly newswire. We hope you enjoy reading this newsletter and find it useful. Please contact us if you wish to discuss any issues further. View Details October 2025 Tax Newsletter UK Welcome to our latest monthly newswire. We hope you enjoy reading this newsletter and find it useful. Please contact us if you wish to discuss any issues further. View Details September 2025 Tax Newsletter UK Welcome to our latest monthly newswire. We hope you enjoy reading this newsletter and find it useful. Please contact us if
- [Newsletter](https://aceaccountax.co.uk/newsletter/): Newsletter Business Insight Property Insight Tax & Account Insight February 2026 Getting Ready for Making Tax Digital Welcome to our latest monthly newswire. We hope you enjoy reading this newsletter and find it useful. Please contact us if you wish to discuss any issues further. View Details January 2026 Tax changes, compliance deadlines and business priorities Welcome to our latest monthly newswire. We hope you enjoy reading this newsletter and find it useful. Please contact us if you wish to discuss any issues further. View Details December 2025 Autumn Budget 2025 Welcome to our latest monthly newswire. We hope you
- [Doctor and Dentists](https://aceaccountax.co.uk/doctor-and-dentists/): Doctor And Dentists Professional Accounting Services for Medical Doctors and Dentists At ACE Accounts, we understand that medical professionals and dental practitioners face unique financial, regulatory, and operational pressures. Whether you are a Medical Doctor, Practice Owner, Dentist, or Associate Dentist, your priority is delivering high-quality patient care — and ours is ensuring your finances are structured, compliant, and positioned for long-term success. We provide tailored accounting and advisory services designed specifically for the healthcare sector. From managing complex income structures and NHS/private split earnings to ensuring accurate expense treatment, tax planning, and compliance with industry regulations, our team supports
- [Smart Business Support](https://aceaccountax.co.uk/smart-business-support/): Smart Business Support We provide end-to-end accounting and advisory solutions that keep your business compliant, financially healthy, and ready for growth.  Peace of mind, precision, and punctuality. Compliance & Year-End Account We handle the essentials so you don’t have to worry about deadlines or penalties. Our compliance services cover preparation and submission of: Statutory year-end accounts Corporation Tax (CT600) VAT returns and Making Tax Digital (MTD) PAYE and RTI submissions Companies House filings and confirmation statements Whether you’re a limited company, partnership or LLP, we ensure you remain fully compliant with HMRC and Companies House requirements, while making the process
- [About You](https://aceaccountax.co.uk/about-you/): Exceptional quality, unmatched service, and customer satisfaction define our commitment. What best describes you or your organization? Consider the following options to understand more about how our approach can help you: Starting up your own business Growing your organisation Maturing or exiting your business Coming to the UK Individual tax and future planning If you’re an entrepreneur embarking on a new venture, we can provide guidance and support to set up your business successfully.  If your organisation is looking to expand, we offer strategies and solutions to facilitate growth and achieve your goals. Whether you’re planning to retire, sell your
- [Other Support Services](https://aceaccountax.co.uk/other-support-services-2/): Other Support Services Everything you need, in one place. Other Support Services At ACE Accounts and Tax Ltd, we don’t just do the numbers — we support your business at every stage. From formation to forecasting, our tailored support services help you operate efficiently, stay compliant, and grow with confidence. Perfect for new businesses or first-time directors Start-Up Support Package Ideal for sole directors, partnerships, and new limited companies. Company formation & registration with Companies House HMRC registrations (Corporation Tax, PAYE, VAT if applicable) Advice on share structure & business setup Initial bookkeeping & software setup (Xero, QuickBooks etc.) Free
- [Tax & Accounts Insights](https://aceaccountax.co.uk/tax-accounts-insights/): NAVIGATING THE NUANCES OF TAXATION AND ACCOUNTS Tax & Accounts Insights We are dedicated to providing you with knowledge and understanding in the fields of accounting, taxation, and business acumen. Our carefully curated newsletters are designed to help you navigate the complexities of the business landscape and the nuances of financial and tax matters. We invite you to invest some time in reading our newsletters. We appreciate your interest and thank you for your time. May 2024 Although making tax digital income tax self-assessment (MTD ITSA) is not mandatory until 6 April 2026 at the earliest, it is possible for
- [Property Insights](https://aceaccountax.co.uk/property-insights/): NAVIGATING REAL ESTATE REGULATIONS AND MARKET TRENDS Property Insights Navigating the complexities of property investment can be an overwhelming endeavor. To empower you with essential insights, we’ve collaborated with our esteemed partners to curate a series of comprehensive newsletters. Delivered biweekly or monthly, these informative editions are meticulously designed to equip you with the critical knowledge necessary for making informed and strategic investment choices. May 2024 In Budget 2024, which took place on 6 April, the Chancellor announced that the concept of Furnished Holiday Lettings (FHLs) will be abolished from 6 April 2025. This means that the tax reliefs available
- [IT & Fintech](https://aceaccountax.co.uk/it-fintech/): IT & Fintech IT & FINTECH Microsoft Partners, SAP, and other bespoke developers Information Technology and Fintech companies rely on several consultants and project managers to ensure their projects are delivered on time each time.  The UK is currently considered the tech capital of Europe and as the pace and complexity of new technology (Information Technology) evolves it is important that specialist partnerships are formed with the right firm. With the government continuing to invest in innovation through R&D tax relief, VGTR, patent box and other incentives there couldn’t be a better place to build your own technology company.   At
- [E-Commerce](https://aceaccountax.co.uk/e-commerce/): E-Commerce E-COMMERCE Specialising in E-Commerce: Your Financial Partner   Over the years, we’ve honed our expertise by assisting numerous clients in the e-commerce sector. Today, we proudly specialize in supporting e-commerce businesses. Our deep understanding of your industry allows us to seamlessly align with your operations and work methods. Whether you’re a sole trader selling through platforms like eBay, Amazon, Shopify, or Fruugo, or a limited company running a sophisticated drop shipping operation, we’re here to help. Our collaboration with professional software partners such as A2X, XERO, and DEXT ensures accurate transaction capture and meticulous financial management, with special attention
- [Hospitality](https://aceaccountax.co.uk/hospitality/): Hospitality HOSPITALITY Restaurants Operating a restaurant can be both rewarding and challenging, especially when it comes to managing finances and dealing with taxation, such as VAT and PAYE. At ACE, we empathize with the financial complexities you face. With years of experience in the industry, we’ve honed our understanding of food ordering, inventory management, and other critical aspects. Our proactive approach involves closely analyzing your unique challenges and collaborating with you to foster business growth. Leveraging cutting-edge technology, including XERO and DEXT, we meticulously track daily transactions, assess direct costs, and evaluate overhead expenses such as rent, rates, and staff
- [Property](https://aceaccountax.co.uk/property/): Property PROPERTY Residential and Commercial Property   Property is a sector that requires professional and technical expertise/experience. Over the years we at ACE have many years of experience supporting and advising landlords on all aspects of the sector.  We act for a range of clients holding property portfolios, including residential property investors, buy-to-let landlords, in addition construction firms and care homes.  We have built a reputation for working closely with our clients to achieve tax savings through proactive planning. Our clients include landlords holding a property portfolio individually, in partnership, or in a limited company. The area we assist our
- [Services For Individuals ](https://aceaccountax.co.uk/services-for-individuals/): Services For Individuals MANAGE YOUR PERSONAL TAXES Self-assessment and tax planning Simplifying Tax Returns: Let us handle it for you Navigating tax returns can be a daunting task for many taxpayers. The complexity of the forms, coupled with frequent legislative changes, often leads to errors. Mistakes can result in penalties, missed deadlines, and unnecessary stress. As your accountant, we take the burden off your shoulders. Our team will handle your complete self-assessment process and submissions. Here’s what we offer: Assessment We assess your unique tax situation. Allowance Analysis We analyse your allowances to optimize your tax position. Precise Calculations Our
- [Services For Businesses](https://aceaccountax.co.uk/services-for-businesses/): Services For Businesses Xero Cloud Accounting Software As gold champion partners we exclusively partner with Xero Cloud Accounting Software for all our clients. Seamless Online Accounting: Xero is a cloud-based accounting software that allows businesses to manage their financial records from anywhere with an internet connection. Here are some benefits: Real-Time Updates: Xero provides real-time updates, ensuring that your financial data is always current. Collaboration: Multiple users can access and work on the same data simultaneously, promoting collaboration among team members. Automated Bank Feeds: Xero automatically imports bank transactions, reducing manual data entry. Invoicing and Payments: Create professional invoices, track
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- [Privacy Policy](https://aceaccountax.co.uk/privacy-policy-2/): Privacy Policy ACE (“we”, “us”, or “our”) is committed to protecting and respecting the personal data that we hold. Personal data is any data relating to an identified or identifiable living person.  This privacy statement governs why and how we collect and use personal data during our business. This privacy statement also provides information about individuals’ rights. It applies to personal data provided to us, by individuals themselves and by others. We may use personal data provided to us for the purposes described in this privacy statement or as made clear before collecting personal data.  When collecting and using personal
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- [Blog Left Sidear](https://aceaccountax.co.uk/blog-left-sidear/): 02 Jul AccountingClient Stock Market Prices, Quotes & Business News Lorem ipsum dolor sit amet, consec tetur adipiscing elitsed do eiusmod tempor inci didunt ut labore et dolore magna aliqua. Ut enim ad mi veniamquis nostrudrtes. Wexercitation ulla Read More Lorem ipsum dolor sit amet, consec tetur adipiscing elitsed do eiusmod tempor inci didunt ut labore et dolore magna aliqua. Ut enim ad mix. by Michael Jenkins 2. July 2024. AccountingClient 02 Jul FinanceWealth Financy digital advertising for marketing design Lorem ipsum dolor sit amet, consec tetur adipiscing elitsed do eiusmod tempor inci didunt ut labore et dolore magna aliqua.
- [Blog](https://aceaccountax.co.uk/blog/): 19 Sep Ace Meet the ACE Team Akshay Shah FCCA | Managing Director I attained my Chartered Certified Accountant credentials in 2001 and have since held roles as a Finance Controller and Finance Director across Read More 19 Sep Ace 5 Bookkeeping Challenges Faced by Small Businesses Bookkeeping is a necessary process that ensures that a company’s financial records are on track. It involves the recording of all financial transactions, including purchases, sal Read More 19 Sep Ace Cloud Accounting – Cloud Accounting Benefits and Business Guide Over the past few years, cloud based accounting has gained increased popularity across
- [Landing](https://aceaccountax.co.uk/landing/): Purchase Now Scroll ACCOUNTING & FINANCE SITES Elevate your financial strategy. Introducing Solvent. main home consulting home finance home app landing investment home accounting firm INFOGRAPHICS & LOTS MORE Showcase your expertise Charts Display all types of data using line, vertical or horizontal bar, radar, pie charts & more Countdowns & Counters Comes with the practical counter & countdown elements ideal for finance websites Progress Bars Present different kinds of progression info in Solvent’s easily configurable progress bars MULTIUSE LAYOUTS Practical readymade inner page templates About us FAQ Contact us Our team BUILD YOUR SITE WITH SOLVENT Finest strategic partnership
- [About Us](https://aceaccountax.co.uk/about-us/): About Us About ACE Progressive, agile, and commercial Accountants that know your business Greetings from Ace Accounts & Tax in Milton Keynes, where our compact and dynamic team is dedicated to excellence. Our mission is to exceed expectations with superior counsel and unparalleled client service every single day. Embracing cutting-edge technology, we strive for peak efficiency and foster enduring relationships with our clients. Our success is reflected in the satisfaction and fidelity of our clientele, which remains our ultimate benchmark. Selecting ACE guarantees enduring advantages for both you and your enterprise. Founded in 2001 by our visionary founder director, Akshay
- [Our Team](https://aceaccountax.co.uk/our-team/): Accountant Kirsty Bryan Accountant Arun Hogan Accountant Salma Walls Accountant Martin Warren Accountant Talia Wyatt Accountant Fabio Bush
- [FAQ](https://aceaccountax.co.uk/faq/): Soulutions for every need Frequently asked questions How much capital does my business make? Lorem ipsum dolor sit amet, consec tetur adipiscing elitsed do eiusmod. Tempor inci didunt ut labore et dolore magna aliqua. Ut enim ad mi veniamquis nostrudrtes. Wexercitation ullamco laboris nisi ut aliquip ex ea commodo. consequat. 15 Finance Titles (With Salaries and Duties) Lorem ipsum dolor sit amet, consec tetur adipiscing elitsed do eiusmod. Tempor inci didunt ut labore et dolore magna aliqua. Ut enim ad mi veniamquis nostrudrtes. Wexercitation ullamco laboris nisi ut aliquip ex ea commodo. consequat. What is the hierarchy of job titles
- [Contact Us](https://aceaccountax.co.uk/contact-us/): Let’s work together. Contact us for every financial question you have Interested in working together? Fill out some info and we will be in touch shortly! We can’t wait to hear from you! Address 2 Whittle Ct, Knowlhill, Milton Keynes MK5 8FT, UK Phone +01908 018 360 +07961 904555 Email info@aceaccountax.co.uk
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- [Consulting Home](https://aceaccountax.co.uk/consulting-home/): Soulutions for every need We address needs we see in the marketplace to drive additional value to our clients Book an Appointment Leading expertise Projects Lorem ipsum dolor sit amet, consec tetur adipiscing elitsed do eiusmod tempor inci didunt ut labore et dolore magna aliqua. Ut enim ad mi veniamquis nostrudrtes Planning Lorem ipsum dolor sit amet, consec tetur adipiscing elitsed do eiusmod tempor inci didunt ut labore et dolore magna aliqua. Ut enim ad mi veniamquis nostrudrtes Performance Lorem ipsum dolor sit amet, consec tetur adipiscing elitsed do eiusmod tempor inci didunt ut labore et dolore magna aliqua. Ut
- [Finance Home](https://aceaccountax.co.uk/finance-home/): Zack Potts REGIONAL DIRECTOR Lorem ipsum dolor sit amet, consec tetur adipiscing elitsed do eiusmod tempor inci didunt ut labore et dolore magna aliqua. Ut enim ad mi veniamquis nostrudrtes. Wexercitation ullamco laboris nisi ut aliquip ex ea commodo. consequat. Duis aute irure dolor in reprehenderit in voluptate veli. contact solvent@example.com+00 11 234 567 88 2. July 2024. ConsultManager New Finance Positions Lorem ipsum dolor sit amet, consec tetur adipiscing elitsed do eiusmod tempor 2. July 2024. ConsultManager Salaries And Duties Lorem ipsum dolor sit amet, consec tetur adipiscing elitsed do eiusmod tempor 2. July 2024. ConsultManager Financial Growth Lorem
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- [Main Home](https://aceaccountax.co.uk/): Compliance & Year-End Account Peace of mind, precision, and punctuality. Read More Tax Planning & Strategy More than tax returns – we help you pay the right amount, not the maximum Read More Virtual Finance Director (FD) Services Board-level financial strategy — without the cost of a full-time FD. Read More Business Growth & Advisory Practical advice and financial intelligence to drive sustainable growth. Read More Payroll & Auto-Enrolment Seamless payroll, every month — no stress, no errors. Read More Our Software Partners Xero – Certified Golden Partner As a Xero Golden Partner, we provide a fully digital accounting experience
- [Cookie Policy](https://aceaccountax.co.uk/cookie-policy/): What are cookies? This Cookie Policy explains what cookies are and how we use them, the types of cookies we use i.e, the information we collect using cookies and how that information is used, and how to manage the cookie settings. Cookies are small text files that are used to store small pieces of information. They are stored on your device when the website is loaded on your browser. These cookies help us make the website function properly, make it more secure, provide a better user experience, and understand how the website performs and to analyze what works and where


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