Finance Industry Accounting & Tax Services in the UK

The UK financial sector is one of the most regulated and heavily scrutinised industries in the world. Whether you run an investment firm, fintech startup, insurance brokerage, lending company, financial advisory practice or payment processing business, your accounting and tax responsibilities must be handled with precision, accuracy and full compliance.

Financial businesses deal with:

• FCA regulatory obligations
• strict anti-money laundering (AML) rules
• complex financial reporting requirements
• high transaction volumes
• client funds management
• multi-level revenue streams
• cross-border payments
• investment-related tax complexities
• PAYE for highly skilled employees
• corporation tax optimisation
• VAT exemptions and partial exemptions
• compliance documentation
• rapid industry changes

The financial industry demands more than just standard accounting.
It requires specialist support from professionals who understand:

• financial regulations
• compliance frameworks
• reporting standards
• risk mitigation
• tax optimisation for financial products
• revenue classification rules
• capital allowances
• digital compliance (MTD)
• internal controls

Audit Consulting Group specialises in delivering comprehensive accounting and tax support to the UK finance industry. Our mission is to ensure accuracy, compliance and strategic financial planning for your organisation.

Who We Support in the Finance Sector

We work with a wide range of financial organisations, including:

• Investment firms
• Financial advisors & planners
• Pension consultants
• Wealth management firms
• Private equity funds
• Venture capital firms
• Fintech startups
• Payment processors
• Credit unions
• Lending companies
• Mortgage brokers
• Insurance brokerages
• FX and trading companies
• Financial consultants
• Compliance professionals
• Corporate finance teams

Every financial business has unique challenges — and our services adapt perfectly to your regulatory and operational environment.

Why Finance Companies Need Specialist Accountants

The financial services industry is unlike any other. It operates under:

• FCA supervision
• stringent reporting rules
• high compliance expectations
• strict data security rules
• fraud prevention frameworks
• advanced tax structures
• complex payroll & commission schemes

Here are the biggest reasons why finance companies require specialised accounting services:

Regulatory Compliance

Finance businesses must maintain perfect records to satisfy:

• FCA
• HMRC
• Anti-Money Laundering rules
• Financial Crime Prevention requirements

A small mistake may result in heavy penalties.

Complex Revenue Models

Financial businesses often receive income from:

• commissions
• fees
• interest
• performance-based earnings
• advisory retainers
• insurance premiums
• investment returns

Each must be accounted for correctly.

VAT Partial Exemption Rules

Financial services often fall into:

• VAT exempt
• VAT partially exempt
• VAT taxable

Managing this requires expert VAT knowledge.

High Accountability

Financial institutions must prove:

• transparency
• traceability
• complete documentation

Our accounting ensures confidence in every number.

Sensitive Data

Finance companies handle highly confidential information — accuracy is not optional.

Audit Consulting Group provides a reliable, compliant, long-term financial infrastructure.

Full Accounting & Bookkeeping Services for Finance Companies

Bookkeeping & Reporting for the Finance Industry

Financial firms require accurate, regulated and fully compliant bookkeeping.
We offer:

Bookkeeping Services

• Bookkeeping
• Xero Bookkeeping
• QuickBooks Bookkeeping
• Accounting Bookkeeping
• Small Business Bookkeeping
• Sole Trader Bookkeeping
• Outsourced Bookkeeping
• Payroll Bookkeeping
• Basic Bookkeeping

Sector-specific bookkeeping includes:

• client trust account reconciliation
• investment tracking
• commission and fee management
• financial product classification
• handling partially exempt transactions
• reporting for compliance audits
• expense categorisation
• international financial transactions
• digital payments analysis

Bookkeeping Contracts & Templates

We provide custom agreements for:

• multi-agent financial firms
• investors
• brokers
• advisory groups

Management & Annual Accounts

We produce:

• Monthly Management Accounts
• Annual Accounts
• Ltd Company Accounts
• Companies House Filing

Financial reporting includes:

• income segmentation
• client fund balances
• regulatory capital compliance
• multi-department cost analysis
• commission vs salary expense breakdowns
• profitability mapping

Our reports help directors stay compliant, profitable and in control.

Tax Services for the Finance Industry

Financial companies face unique tax rules. We offer full support.

CIS Services (For Finance Linked to Construction or Real Estate)

If your finance arm supports:

• property investment
• development funding
• asset-backed lending
• construction finance

We handle:

• CIS registration
• CIS filing
• CIS appeals
• CIS refunds
• CIS compliance

Personal Tax & Self-Assessment for Finance Professionals

Financial professionals often have:

• multiple income streams
• investment portfolios
• commission-based income
• director dividends
• share options

We support:

• Personal Tax
• Self-Assessment Filing
• Tax Account Management
• Making Tax Digital
• Penalties & Appeals
• Personal Tax Consultations
• Self-employed registration

We ensure all deductions and allowances are maximised.

Small Business Tax Services

For small finance practices:

• Small Business Tax Returns
• Tax Planning
• Business Structuring
• Self-employed Registration

VAT Services for Finance Companies

VAT is especially complicated because financial services are often:

• VAT exempt
• Partially exempt

We manage:

• VAT Compliance & Advisory
• Exemption calculations
• VAT Registration / Deregistration
• VAT Filing
• VAT Submission
• VAT Number Verification
• VAT for Specific Financial Services
• International VAT

Our expertise ensures you never miscalculate VAT.

Corporation Tax Services for Finance Firms

Financial companies often benefit from specific tax opportunities.

We offer:

• Corporation Tax Filing
• Corporation Tax Returns
• Corporation Tax Planning
• Capital allowance strategies
• Expense optimisation
• Tax structure planning
• Corporation Tax Appeals

We reduce tax liability legally and strategically.

Advanced Tax Planning for Financial Professionals

We provide:

• Retirement Tax Planning
• Investment Tax Strategy
• Inheritance Tax Planning
• High Net Worth Tax Advisory
• Exit & succession planning
• Penalty appeals

Finance professionals typically have complex portfolios — we ensure tax efficiency.

Payroll & Pension Services for Financial Companies

Payroll in the finance sector is dynamic and often performance-based.

We manage:

Payroll Services

• Monthly Payroll
• Payroll for One Employee
• Contractor Payroll
• Commission & bonus payroll
• Directors’ PAYE
• Payroll Software Solutions
• Online Payroll
• Xero, QuickBooks, Sage Payroll
• Payroll controls
• Outsourced Payroll Management
• Payroll Setup & Implementation

Pension Services

• Pension scheme management
• Pension tax advisory
• Pension tax reclaims
• Directors’ pension schemes
• PAYE registration & filing

We ensure payroll is accurate, compliant and fully auditable.

Company Formation & Corporate Governance for Finance Firms

We support:

• Company Formation
• Confirmation Statements
• EORI Registration (for international operations)

Proper structure is critical for regulated businesses — we help design compliant, scalable setups.

Advisory Services for the Financial Sector

We provide high-level advisory for:

• compliance readiness
• investor reporting
• overseas tax advice
• financial modelling
• cashflow optimisation
• risk management
• operational efficiency

Our insights help financial firms grow, stay compliant and remain competitive.

Real Case Studies

Case 1 — Financial Advisory Firm

Issues: payroll errors, commission miscalculations, VAT uncertainty.
Solution:

• new payroll system
• clear commission structure
• VAT exemption review
• management accounts

Result: 40% fewer admin hours and perfect compliance.

Case 2 — Fintech Startup

Issues: messy bookkeeping, no corporation tax planning, FCA audit risk.
Solution:

• complete bookkeeping rebuild
• regulatory-ready reporting
• corporation tax optimisation
• financial forecasting

Result: passed FCA audit without issues.

Case 3 — Mortgage Brokerage

Issues: commission tracking, personal tax, incomplete accounts.
Solution:

• structured bookkeeping
• agent commission reconciliation
• corporation & personal tax planning

Result: saved over £12,000 in taxes.

Client Reviews

Oliver Mason, Director — Mason Capital Advisory
“Audit Consulting Group understands FCA requirements better than any accountant we’ve used. Their precision is outstanding.”

Laura Bennett, CEO — Finlink Solutions
“They helped our fintech startup stay compliant during a high-growth period. Excellent reporting and tax planning.”

George Palmer, Founder — SecureFinance Brokers
“Professional, trustworthy and extremely thorough. They manage our payroll, VAT and corporation tax seamlessly.”

FAQ

Do you work with FCA-regulated companies?

Yes — we specialise in regulated financial businesses.

Can you manage partially exempt VAT?

Absolutely — we calculate and manage VAT exemptions correctly.

Do you support fintech startups?

Yes — including investor reporting, forecasting and compliance.

Can you handle commission-based payroll?

Yes — fully automated and compliant.

Ready to Strengthen Your Financial Operations?

Audit Consulting Group
+44 7386 212550
info@auditconsultinggroup.co.uk