About King & King Chartered Accountants
Firm Description
King & King is a Niche and dynamic full service firm providing Accounting, Audit, Tax, Business Growth and wealth management advice to local, nationwide and overseas companies and successful Individual. We are based in heart of central London.
We have been established for over 55 years and proud to offer high quality advice in a friendly and approachable manner with transparent and fair fees to our clients, who enjoy full access to our Directors and very fast response times to their questions. It’s what makes us different.
Over 90% of all our new clients are obtained from referrals from our existing clients.
Our main message is that we are here, ready to help and build long and rewarding relationship.
King & Kings’ aim is to ensure we help our clients attain their goals through providing a range of services and expertise that supports them in their endeavors’.
Accountancy
Accountancy
For business clients and other organisations, including charities and third sector we assist with the preparation of their annual accounts and financial statements. The information produced is used to assist with tax computations, completion of self assessment tax returns, as well as to provide valuable information for decision making and the management of client affairs.
Whilst the preparation of annual accounts provides an important historical record, the provision of accurate and timely information can be the key to the success of a business. King & King Chartered Accountants provides clients with support, helping them to produce information to aid decision making and support business goals and aspirations.
These services include:
Management Accounts
Business plans – financial forecasts
Profitability reviews and business appraisals
Audit
Audit
We are registered to carry on audit work in the UK by the Institute of Chartered Accountants in England and Wales.
In addition to undertaking a client’s audit in a timely and efficient manner, we will seek to add value through advice and support based on the audited accounts.
Details about our audit registration can be viewed at www.icaew.com under reference number C005309773.
These services include:
Audits of Plc
Audits of Limited Companies
Audits for specialist sectors, FSA, Law Society
Internal audits
Business Advice Service
Business Advice Service
King & King Chartered Accountants are delighted to be part of the Institute of Chartered Accountants in England and Wales, the ICAEW, Business Advice Service, BAS.
We offer prospective clients, free specialist advice to help small businesses and start-ups with business and financial advice to help economic growth.
Through the Business Advisory Service, we offer SMEs the opportunity to discuss their business with a qualified chartered accountant through a free initial consultation.
Computerized Accounting Software
Computerised Accounting Software
The benefits of choosing the right accounting software can be considerable, helping to make life simpler by easing the administrative burden and providing valuable, timely and accurate information on which to make decisions.
Use of an accounting software package can also help make our work easier by helping us to ensure we provide a value for money service, focusing on the important areas of advice, support and planning as opposed to the routine production of your accounts, financial statements or audit.
We are well versed in the popular accounting packages including SAGE, QuickBooks, SAP and TAS as well as sector specific packages .
This includes:
Selection of an accounting package
Implementation and installation
Training
Ongoing support and development
Corporate Governance
Corporate Governance
The essence of corporate governance is about running operations in an open, honest and transparent way following the best practice in terms of culture, operating style, structure and approach.
This allows key stakeholders to be satisfied that the organisation is run in an objective and safe manner.
Our work with clients, including charities, and larger more complex corporate concerns, involves providing advice, undertaking reviews and assistance with all aspects regarding the adoption of corporate governance principles and practice.
Corporate Recovery & Insolvency
Corporate Recovery & Insolvency
King & King Chartered Accountants have strong links with corporate recovery and insolvency practices. We will be able to introduce you o the right Insolvency practitioner depending on your requirements of our clients.
A licenced insolvency practitioner looks after the needs of clients involved in personal bankruptcy, including Individual Voluntary Arrangements IVA’s insolvency; creditors Voluntary Arrangements, CVA’s and company administration and company liquidation.
We also have strong links with Lawyers who specialize in Insolvency matters, and would be happy to introduce you to them.
Enhancing client service
Enhancing client service
Working with banks
Through regular contact and by working closely with banks we are able to enhance all the services our clients receive.
We seek to augment our client work and to support mutual business with banks through our specialist work, services and individual sector knowledge.
We provide a range of services for clients including:
Assistance in raising capital
Business Valuations
Due Diligence
Specialist tax planning
Working with you and your solicitor
Our work covers business and personal matters where we provide a number of specialist services which often require legal, financial and tax expertise. Through well established professional contacts we are able to introduce clients to specialists in the legal field.
Fee Protection
Fee Protection
Protection when the taxman comes knocking
HM Revenue Customs (HMRC) are more determined than ever to ‘claw back’ unpaid tax and to ensure all tax due is paid. As part of this process, it is increasingly common for individuals and businesses to receive visits and inspections from the Revenue. In some cases these visits can involve a Business Record Check, with an inspector asking to see your current records even before you submit a tax return.
If your affairs are in good order there should be little to worry about. It is however, the norm that when the Revenue make enquiries they will expect your professional adviser to explain how the computations have been prepared and how the amount of tax payable has been derived. As your trusted adviser we will also be best placed to support and advise you through the enquiry process and to deal with any specific issues that arise.
Needless to say this is likely to mean you incur fees for professional advice and time for which you had not budgeted. The target that HMRC set themselves to complete an enquiry is 18 months and therefore the professional fees can add up over this time and become substantial.
We have found that the most common reaction from clients is one of ‘we won’t be investigated’, but sadly this is not always the case and to an extent is increasingly less likely given that HMRC’s Business Plan targets an increase in revenue from tax enquiries over the coming years.
To ensure our clients are able to protect themselves from the unexpected professional fees associated with an investigation or enquiry then we are pleased to be able to offer our special fee protection service. The Service operates whereby on payment of an annual premium you receive up to £75,000 of cover in the event you receive an investigation, enquiry, review or intervention procedures.
The premiums certainly represent value for money and offer peace of mind,
Forensic Accounting and Litigation support
Forensic Accounting and Litigation support
Forensic accounting
We provide services on behalf of our clients to establish the extent of a financial loss, confirm the reason for the loss, impartially present the findings in a written report and when required, present the case as an expert witness to the court.
Litigation support
Litigation is a complex area of law and almost every dispute has financial or commercial ramifications. In support of to the legal profession we are able to provide an efficient and timely resource assisting with the computation and quantification of damages/losses or claims relating to a variety of matters including:
Business disputes
Matrimonial disputes
Personal disputes
Loss of profits
Business valuations
Independent Financial Advice
Independent Financial Advice
King & King Chartered Accountants have strong links with various Independent Financial Advisors. We will be able to introduce our clients to the right IFA.
We also have access to Actuarial firms for pension advice.
Internal Audit
Internal Audit
Internal audit is an independent discipline that seeks to add value by examining the way an organisation undertakes its business – the processes, systems, philosophies, culture decisions taken, etc. The objective is to eliminate waste, drive out inefficiency, improve effectiveness, add value and manage risk.
The primary function of King & King Chartered Accountants’ Internal Audit is to review the whole system of internal control in order to provide assurance that:
Objectives, standards and procedures are clearly defined and properly established
Responsibilities for management and operational activities are clearly defined
There is an effective measurement of inputs, outputs and performance in relation to objectives and that corrective action is taken where appropriate
There is critical review of objectives, operations, outputs and value for money
There is clear, accurate and timely reporting of financial and non-financial results and performance
Payroll
Payroll
Whether you employ only a handful of people or a large workforce, dealing with the payroll and ensuring compliance with employment legislation, and avoiding possible fines, can be yet another burden and concern.
By using our payroll service you will be able to ensure pay is made in accordance with the appropriate legislation, allowing you to focus on running your business.
Our dedicated payroll team looks after the payroll for all sizes of businesses and deal with employees and directors.
Benefits of using dedicated Payroll Service
Reduces the need to train staff in payroll procedures
Frees staff for other productive duties
Provides peace of mind that your payroll is compliant in terms of the latest HM Revenue & Customs legislation
Reduces the risks of PAYE arrears and penalties
Reduces the need to invest in dedicated payroll software
Provides data security with journals and reports available as required for directors and staff
A service tailored to your needs
Our Payroll service is tailored to the needs of clients:
Whether you employ 5 people or more
Whether you pay on a weekly, fortnightly, 4 weekly, monthly, quarterly, half yearly or even an annual basis
Whether you require electronic or paper reports, e-payslips and e-p60s
With secure files and password protection
With online filing with HMRC
With pre-agreed processing timetables
A fixed fee, pre-agreed, based on employee numbers and level of services required
Bespoke reports of payroll for management purposes
Private Clients
Private Clients
You may not be in business or self-employed but you still may benefit from having your own accountant or tax adviser, especially if you have:
More than one job or additional sources of income
Assets liable to Inheritance Tax on your death
Investments that may be subject to Capital Gains Tax
Registered Office
Registered Office
Many of our clients choose to use our office as their company’s or limited liability partnership’s legal Registered Office. This is the address shown on the public register at Companies House and is the principal place to which Companies House and HM Revenue and Customs documents, forms and returns are sent and where official documents can be served.
In particular we find clients benefit from the simple cost effective solution we offer for those that do not want to use their own address as their Registered Office. Opting to use our address also provides increased privacy over and above using a more profile address or your home address. As your Registered Office we will receive correspondence on your behalf from Companies House and HM Revenue and Customs, with both organisations using our address as the only correspondence address.
By way of a guide, the correspondence sent to the Registered Office address includes the following
CT41G – Corporation Tax New Company Details (for newly registered companies)
CT600 – Corporation Tax Forms
Reminder to file your corporation tax and payment forms
Notice to file accounts
Notice to file the annual return
Authentication codes for new companies
In addition to the privacy of providing you with a Registered Office facility we offer the reassurance that, as your trusted professional, we are on hand to ensure that all correspondence received is dealt with in a timely and efficient manner – leaving you to get on with the day to day affairs of running your company or limited liability partnership. Using our service also helps to provide peace of mind that filing deadlines are not missed and penalties are avoided.
The simple steps to setting up the Registered Office with King & King
If you are setting up a new company or limited liability partnership you can, as part the process of registering and forming the company, indicate that you wish to use our office as your Registered Office.
If you have an established Registered Office using either your business address or another address then the process of switching addresses is relatively simple where all that is required is the completion of a Companies House form AD01 Change of Registered Office Address. We will be only too pleased to supply you with the appropriate form or discuss with you the online filing process.
Once we either have the completed form or notification of the online filing, we set up your Registered Office facility and provide you with an invoice for an annual fee, which runs from 1st April to 31st March, or pro rata fee if set up sometime during the 12 month period.
We will also display the company or limited liability partnership name at the our address.
Remuneration Planning
Remuneration Planning
We specialise in the provision of independent advice on all aspects of executives, directors and senior personnel remuneration and share schemes. It is our objective to help the companies that we work with develop appropriate remuneration strategies that help deliver the results that the Board expects. These may involve ensuring that remuneration packages are tax efficient, motivational and reward loyalty and performance.
Areas where we can provide advice on are as follows:-
Pension contributions
Cash bonuses
Deferred compensation
Share awards / options
Share Schemes
Life assurance
Permanent health insurance
Private medical insurance
Accidental death and injury insurance
Dental insurance
Critical illness cover
Childcare vouchers
Travel insurance
Health club membership
Company cars
Risk Management
Risk Management
In this age of e-commerce and a global economy, organisations are exposed to a wide range of risks and opportunities. Indeed, the face of risk has changed considerably and it can often be difficult to predict where the next risk will originate.
Our role is to assist clients effectively, assess and manage risk so as to help safeguard their interests but more importantly to help them attain their goals.
SAGE
SAGE
Your Sage Business Partner
As a Sage Accredited Business partner, King & King Chartered Accountants is able to offer the highest standard of supply, installation, configuration and training in all of the Sage software solutions.
King & King Chartered Accountants has a practice wide team of Sage specialists able to advise on software selection, installation, configuration and training.
As a leading firm of Chartered Accountants, as well as being Sage Accredited Business Partners, we are able to offer the perfect mix in Sage software knowledge and financial requirements.
Along with guiding you through the software functionality, we can help you tailor Sage to your business requirements to ensure smooth operational processes and timely accurate management information.
From start-ups to small and growing businesses, Sage has the software to suit you.
We provide training to help you get the best of your Sage software.
Self-Assessment – Tax Return Service
Self-Assessment – Tax Return Service
King & King Chartered Accountants Self Assessment Tax Return service for individuals helps to ensure your Tax Return is completed in a timely and efficient way whilst at the same time ensuring the right amount of tax is paid.
Under Self Assessment the onus is now on individuals to complete their own Tax Returns and to ensure that they pay the right amount of tax.
Self Assessment applies to:
Self employed people including business partners
Company Directors
Individuals with more complicated tax affairs including those who pay higher rate tax
Pensioners with more complex tax affairs
People who receive rent or other income from land and property in the UK
Trustees and personal representatives
Trustees of approved self-administered pension schemes
Non-resident company landlords
Easing the burden
You may choose to complete your own Self Assessment Tax Return. However, you may find using our services has a number of benefits. These include:
Ensuring all tax allowances and deductions are claimed
Easing the burden of additional paperwork
Specialist tax knowledge which can help you minimise or even mitigate fully any tax liability, now or in the future.
Just in case
In the event that you face a Tax Enquiry from HM Revenue and Customs (HMRC), we are on hand to provide advice and support. We are also able to offer insurance protection for professional fees arising from Revenue Investigations.
Start-ups and Small Businesses
Start-ups and Small Businesses
At King & King Chartered Accountants we nurture our start-ups and support existing businesses.
Our dedicated team will provide advice and support throughout all the stages of starting-up and developing your business including:
Making plans, helping in considering your proposition
Getting started, help setting up your business
Up and running, keeping on track, advice and support
Our specially developed range of services will provide you with information and support whether you are just starting out in business or have a well established business.
This includes:
Bookkeeping
Accounts preparation
Payroll
Taxation
VAT Registration
Corporate Finance
Corporate Finance
We are a team of accountants, tax and advisers who are well versed in, and have a successful track record for, completing transactions and deals for our clients. The core of our work relates to the buying, selling and restructuring of businesses and in raising finance.
We typically look after the needs of clients that are family, or owner, managed businesses as well as larger enterprises. We find our clients value and benefit from our integrated approach to the work we do for them, especially as often the deal or transaction they are looking to do is often a one off event. Our ability to provide the breadth of service and advice along with commercial acumen is fundamental to achieving a successful outcome for clients.
To support our clients in attaining their goals we have well established relationships with corporate lawyers, valuers, financiers, bankers and funding brokers.
Services
Acquisitions
Acquisitions search services
Business disposals
Raising finance
Restructuring existing finance
Management Buy Outs (MBOs), including Vendor Initiated Management Buy Outs (VIMBOs)
Management Buy Ins (MBIs)
Asset Finance
Property Finance
Business Valuations
Due Diligence
Tax
Tax
King & King Chartered Accountants Tax, the firm’s dedicated tax practice, brings together a group of professionals whose aim is to ensure personal, business and corporate clients minimize their tax payments both now and in the future.
Tax Planning
A major and growing aspect of our work is undertaking tax planning to save clients from avoidable taxation through:
Being fully aware and conversant with the various tax instruments and regimes
Providing innovative tax saving advice
Working with clients on tax planning matters
Keeping clients informed of ideas to help mitigate their tax liability
Tax Compliance
By using the latest computer technology and well established systems we are able to provide an efficient tax compliance and Tax Return service. This encompasses:
The preparation of computations and correspondence with HM Revenue and Customs (HMRC)
Ensuring the timely production of tax computations
Ensuring all tax allowances and deductions are claimed
Our specialist tax work covers:
Capital Allowances
Capital Gains
Employee Benefit Trusts
Inheritance Tax
Non-dom tax advice
Non-resident tax advice
Overseas property
Planning for retirement
Property matters
Share Incentive Schemes
Staff and Director Remuneration
Tax Investigations
VAT Advice – Planning and Consultancy
