HMRC Making Tax Digital Services in UK

Making Tax Digital (MTD) Experts in London, UK

HMRC’s Making Tax Digital is hailed as one of the most revolutionary and rejuvenating taxation schemes. Making Tax Digital (MTD) is the UK government’s flagship initiative that requires online tax filing and payment, as well as digital record keeping. With the implementation of Making Tax Digital (MTD), the HMRC’s sole objective is to make it easier for individuals and businesses to get their tax right and keep on top of their affairs. If you are new or need help with MTD, then Making Tax Digital Experts in the UK at Affinity Associates can help.

MTD is making important changes to the way the tax system works – transforming tax administration so that it is: more effective, more efficient, and most importantly, easier for taxpayers to get their tax right. During the first phase of Making Tax Digital, if you are an individual or a business with taxable turnover above the VAT threshold (£85,000), then you need to keep your VAT business records digitally and send VAT returns to HMRC through MTD-compatible software. The second phase of MTD will be digitalisation of Income Tax payable by Self-employed businesses or landlords. This will replace the annual filing of the Self-Assessment Tax return with the quarterly filing of income and expense summary.

With MTD phased out for VAT already, will you consider your business ready to comply with the tax reforms that are in place? If not, then Affinity Associates can help you and your business to adopt the digitalisation initiative and integrate it with your ongoing accounting processes. Making tax digital services in the UK by MTD experts at Affinity Associates can help you overcome all the confusion related to Making Tax Digital.

Affinity Associates Can Help with Making Tax Digital

If you are a business owner with a turnover above the VAT threshold (£85,000), then you have to maintain your VAT business records digitally and send it to HMRC through Making Tax Digital-compatible software. With more than 30+ years of industry experience, our Making Tax Digital experts in London are well-versed with all the trends and reforms, which include MTD as well. Contact us for MTD accounting services and MTD vat return filing.

At Affinity Associates, our MTD experts can offer highly professional Making Tax Digital services in the UK. Being an established accounting practice/firm in London, we understand your commitment to your business and offer you a complete package to manage your records digitally observing all the tax laws by HMRC. This will allow you to not only keep you compliant with the current legislation but will also help you to focus more on your business. Our team holds expertise in digital accounting and MTD VAT returns filing.

Despite the challenges posed by MTD; however, our Making Tax Digital Experts strongly believe that there will be benefits accruing to your business by maintaining your records up to date and in a good time. Although it may seem like a problem at an individual level, at Affinity Associates, we see digitalisation as an opportunity for you to focus more on managing your business. We are committed to helping individuals and businesses with our rewarding Making Tax Digital Services in the UK.

Need Help With Making Tax Digital (MTD)? We’ll Help

Many businesses and individuals have questions about Making Tax Digital for VAT, and if you are one of them, then we are here to answer all your questions in-depth. Our team of Making Tax Digital experts in the UK has improved clarity on MTD; we are in the position to solve all your queries. Our digital accounting services and cloud accounting solutions are designed to help businesses of all sizes.

To know more about Making Tax Digital and how our MTD services can help you cope with this taxation reform by HMRC, please call us for a free consultation on +44-020-8903-2077 or Email at

Want to know more about our HMRC making tax digital services Enquire Now!

Expert ATOL Reporting Accountants

To Empower UK Air Travel Organisers

Affinity Associates is one of the leading small business accountancy and consultancy firms in London, UK. We are also a licensed member of the ATOL Accountants Scheme. Being ATOL Reporting Accountants allows us to assist  UK tour operators and or travel agencies to remain compliant with the financial standards set by the Civil Aviation Authority [CAA].

Affinity Associates has significant years of experience in the accountancy industry. Over the course of three decades, our accountants for small businesses in London have been helping clients from a variety of different industries, including the travel industry. In order to offer expert assistance to ATOL accredited travel agencies, we even went further to become certified by the CAA. Our ATOL Reporting Accountants in London have undergone the required training from the CAA, and are even committed to the ongoing course of professional development to address all future challenges.

With extensive experience, commitment to quality service, and value for money, at Affinity Associates, you will get valuable insights into your air travel business, while ensuring the stringent compliance requirements of CAA are met.

Want to know how our ATOL Reporting Accountants can deliver added value to your air travel business and conform to the CAA’s financial compliance requirements? Please feel to contact us.

Affinity Corporate Recovery

  • Advice on strategic options available to ensure the survival of the business
  • Preparation and implementation of a comprehensive business plan
  • Cashflow management
  • Refinancing
  • Operational restructuring
  • Management and collection of debts
  • Planning supplier payments
  • Sale of non-core assets including slow moving stock
  • Comprehensive cashflow forecasts
  • Close and regular communication with stakeholders
  • With mounting tax arrears, unpaid VAT and PAYE put in place time to pay schemes
  • HMRC payment demands
  • Threat of Bailiffs
  • Winding up petitions
  • Unfair penalties
  • Helpline number +44 20 8903 2077
  • Expertise based on proven track record in resolving negotiations and finding solutions for your business
  • Call our helpline for a free no obligation discussion with one of our experts
  • Option reviews– we can assess the current situation and provide a suite of options for your client to consider together with their consequences
  • Advice on refinancing – often we are able to source alternative finance for business should lender require an exit
  • Exit strategies – we are able to offer clear advice and guidance on exit strategy which could include a combination of sales of non-core assets and insolvency procedures in order to preserve the value of the core business
  • Accelerated mergers and acquisitions – M & A team available with experience in marketing and disposing of distressed business
  • Insolvency options – we are able to source formal insolvency appointments such as company voluntary arrangements, administrations and liquidations
  • Personal insolvency – advice to individuals and partnerships ranging from informal agreements with creditors to formal arrangements
  • Large panel of asset based financial institutions for a possible exit strategy
  • Immediate response to crisis situations, either a court hearing or creditor pressure
  • Hands on approach to taking control of a seemingly out of control situation brought about by lack of cashflow
  • Dealing and managing staff under crisis

Accountancy Outsourcing Services

Accountancy Outsourcing UK

Affinity provides accountancy outsourcing services to UK Public Accountancy Practices. We offer a wide range of accountancy services through our Outsourcing Agreements and examples of these services, but not limited to, is as below:
outsourcing accounting.

  • Bookkeeping Services & Accounting Services
  • Management Accounting
  • Preparation of VAT Returns
  • Year End Finalisation
  • Individual Tax Returns (SA 100)
  • Corporate Tax Returns (CT 600)
  • Payroll Services
  • Preparation of EOY Financial Statements
  • Cash Flow Management
  • Trust Accounting and Trust Returns
  • Retirement and succession planning for Practices
  • Reliable and scalable service provider.
  • One-stop shop for all accounting needs.
  • Improve your margins by up to 50%.
  • Innovative web portal.
  • Variety of outsourcing models as per requirements.
  • A trained & experienced Client Manager.
  • A working paper in your practice style, the way you require.

Affinity is one of the longest established and one of the leading accountancy outsourcing services providers to the UK accountancy firms

One Stop Shop for all outsourcing needs of accountancy firms

Affinity delivers outsourced accounting and tax services to accountancy firms in the UK. We understand the responsibility and commitment that is needed to deliver a quality product; efficiently and in a timely manner to that end, through years of experience and expertise we have designed an algorithm that delivers the desired result and maintains quality at all times.

We have the team, the expertise, and the process to deliver technically robust and effective outsourcing solutions.

Affinity does not look at outsourcing as a short-term opportunity. Our aim is to make accountancy firms realize that outsourcing with the right partner comes with long-term benefits. With the changes taking place in the global marketplace, it is time now that you consider having an offshore team that remains flexible with your changing business requirements, giving you the means to remain competitive in the market.

Having an outsourced strategy aligned with your overall business strategy helps you cope with the vagaries of tough competition or recession. We provide customized outsourcing solutions to suit your ever-changing needs, from providing seasonal support to the Consistent team working on your processes can be made available; all Efficiently managed by us.

  • What are your plans?
    We offer you an exit strategy tailored to your needs.
  • Do you want to develop interests outside practice life?
    At any time you want to fully or partly relinquish your practice involvement we can take over any aspect of your practice. For your own peace of mind, you can gradually withdraw and satisfy yourself that your clients will be well looked after. Within our own substantial practice and network of associates, we have all the resources necessary.
  • Who will take over your Client responsibilities?
    If you do not have a succession plan in place you are very welcome to meet us and our staff and examine the way we run our practice offices before deciding if we can help you.
  • Will you get a fair deal for the value of your practice?
    We guarantee your current level of profits and all you have to do is work part-time to ensure a gradual smooth handover. At the appropriate time, we will then pay you 100% of the increased turnover.


You can try it before you buy with a free trial of our process.

If you are satisfied with the service you can drip feed jobs as they come in without making a commitment to outsourcing all jobs.

Our staff will visit your office to review your needs and to explain our process so that you are in control of the workflow at all stages.

All compliance work is processed here in our Wembley offices by our highly trained team in India. To start with, our local staff will liaise with India on your behalf and once you and your staff are comfortable, we will hand over the day-to-day communication to Team India. You will have staff dedicated to your practice and the technology allows you to monitor the day-to-day work and regular communication.
Any documents not already in digital form will be scanned (normally in your office or we can provide this service) so that all client files and backup papers are available online from anywhere at any time. Everything you need to review will be accessible on your system. No more filing, virtually no paper, and no need to pay for archiving old documents.

We attract and train high-quality technical staff. All compliance work is based on an agreed fixed fee, therefore there will be no need for timesheets, and much easier to charge a competitive fee. You will have no cost overruns because we guarantee the cost as a percentage of the fee you agree with your client.

Practice development

Removal of the compliance work allows special work for clients to become the main focus and this is fully supported through our network which has specialists in every area required to help clients optimize profits and minimize taxation.

We can demonstrate how we have achieved significant benefits for our clients and ourselves and will help you to achieve the same benefits for your practice.

We can guarantee that if you follow our example you will earn significantly more fees and attract the type of work that best suits you.

You can try it before you buy with a free trial of our process.
If you are satisfied with the service you can drip-feed jobs accounting as they come in without making a commitment to outsourcing all jobs.
Our staff will visit your office to review your needs and to explain our process so that you are in control of the workflow at all stages.

Want to know more about our Outsourcing Service Enquire Now!

Tax Returns

Hassle-Free Tax Returns Services/ Tax Return Preparation Services

Filling in tax returns can be challenging. It is not only complex but time-consuming as well. And submitting an incorrect tax return or not filing the return at all could have serious consequences. For that reason, it would be worth getting in touch with professional tax accountants in London, like Affinity Associates, who can help you with tax return preparation as well as give you practical tax advice that would reduce your annual tax bill.

Submitting tax returns is mandatory for all self-employed individuals, as well as company directors and other individuals who have income from several sources. You need to prepare the tax return and submit it to HM Revenue and Customs (HMRC) before the deadline. Failing to submit your annual tax return before the deadline can result in a penalty. Further, not submitting the tax return at all could invite a tax investigation from HMRC.

Tax Accounting UK – Accountants Self-Assessment in the UK

We can take year-end accounts and tax returns off your hands. Our integrated platform puts all your information in one place, making it easy for us to provide full records for Companies House and HMRC. No more searching through piles of files and spreadsheets – we’ll sort it all out for you.

Why Choose Affinity Associates for Corporate Tax Service in UK

For over 30 years, We have been helping our clients with practical advice on tax and accounting matters. We have years of experience, expertise, and a solid team of tax accountants in London, which allow us to provide unparalleled Tax Return Services to anyone, including corporate entities. Our tax accountants will take care of every aspect of your tax return, from tax return preparation to tax return submission. If you need a professional service for tax returns or advice on tax returns, look no further than Affinity Associates.

Affinity Associates can help you:

  • Calculate your tax liability
  • Prepare your annual tax return
  • Submit your tax return
  • Claim tax relief
  • Advice on tax planning to minimize your annual tax returns
  • Prepare and file your corporation tax returns
  • Maintain your tax records
  • Deal with Tax Office on your behalf
  • Keep in compliance with the legislation
Want to know more about our Tax Service Enquire Now!

Statutory & Other Specialist Audits

Get a Statutory Audit in the UK From The Top Firm In London, UK

Looking for a statutory audit UK? When it comes to statutory or other specialist audits, we provide unparalleled services to all types of businesses throughout the country.

We at Affinity Associates know that you need statutory audits but without any disruption. Therefore, our professional small business accountancy team in London, UK, works closely and in a flexible way to fit around your business while at the same time maintaining the highest audit standards.

For the statutory audit, we have two primary goals: to give you an accurate, unbiased assessment of your financial records, and to give you useful advice to improve your overall business. In case any queries arise during the statutory audit, our expert accountants for small businesses in London will deal with them effectively and sensitively.

At Affinity Associates, our accountants for small businesses also specialize in carrying out specialist audits. Some organizations with unique reporting requirements need specialist audits. Fortunately, our small business accountancy team is trained to perform specialist audits, which are not covered by the rules of the Companies Act. We can do specialist audits for charities, academy schools, clubs and associations, solicitors and law firms, financial services firms, pension schemes, and insurance brokers among others.

Along with specialist audits, we can provide valuable insight and advice on accounting, taxation, financial management, and performance enhancement in line with your specific and/or unique set of requirements.

Why Choose Affinity Associates for Statutory Audits?

Affinity Associates has been helping its clients from various business sectors with quality accounting and consultancy services for over 30 years now. We have the experience, knowledge, and professional team of accountants for small businesses, which allow us to carry out unparalleled statutory audits and other special audits in the UK. We not only perform quality statutory and specialist audits but also provide practical insight and advice to clients, which help them improve and streamline their business while staying compliant with the legislation. Whether you need professionals to carry out statutory audits or experts to perform specialist audits, Affinity has adequate resources to cater to such requirements.

Affinity Associates can help you:

  • Carry out internal audits
  • Perform statutory audits
  • Execute specialist audits
  • Carry out pension scheme audits
  • Perform grant audits
  • Stay in compliance with the regulations
  • Provide insights into your unique business
  • Advice on financial and tax matters
  • Advice on performance enhancements
Want to know more about our Statutory & Specialist Audits Enquire Now!

Inheritance Tax Planning

Practical Inheritance Tax Planning Advice From Expert Inheritance Tax Accountants

When it comes to leaving your Assets to your loved ones, you would want to leave them behind as much as possible. Affinity Associates’s Expert Inheritance Tax Accountants in the UK can help you maximize the amount you leave behind for your loved ones by helping you prepare the planning in advance.

An inheritance Tax is a mandatory tax on the property, belongings, and money of someone who has passed away. It needs to be paid to HMRC (HM Revenue and Customs). Currently, the threshold of Inheritance Tax is £325,000 per person. Therefore, civil partners or married couples can have total assets of £650,000 before any Inheritance Tax is payable. Anything more than the Inheritance Tax threshold is chargeable at 40% tax.

There are several ways, however, to minimize the Inheritance Tax! For instance, charitable donations, lifetime gifts, and other forms of tax planning can help reduce the impact of the Inheritance Tax. At Affinity Associates, we have wide knowledge and expertise to help our clients do Inheritance Tax planning well in advance to minimize their tax liability.

Inheritance Tax Accountants in London UK?

We have expert tax accountants in the UK, who have extensive knowledge of various personal and corporate tax affairs. Whether you need advice on Inheritance Tax or Capital Gains Tax, Affinity Associates is your best partner.

Affinity Associates can help you:

  • Advice on making gifts (potentially exempt transfers)
  • Structure your Will to reduce Inheritance Tax
  • Advice on “Business Relief”
  • Restructure your inheritance plans
  • Advice on taking life cover
Want to know more about our Inheritance Tax Planning Advice Enquire Now!

Financial Accounting & Advisory Services

Expert Financial Accounting & Advisory Services by a Leading London Accounting Firm

Welcome to Affinity Associates, your premier London accounting firm offering a comprehensive suite of financial solutions designed to empower your business’s growth. Our “Financial Accounting & Advisory Services” are meticulously crafted to provide you with strategic financial insights, robust planning, and impeccable execution. With a deep understanding of London’s dynamic financial landscape and a commitment to staying ahead of industry trends, we are your trusted partner in navigating complex financial challenges and seizing growth opportunities.

Our London-Centric Approach

As a distinguished London accounting firm, we recognize that the city’s businesses demand tailored solutions. Our approach to financial accounting and advisory services is rooted in a keen understanding of London’s business ecosystem. We go beyond the surface to comprehend your unique financial goals, challenges, and aspirations, enabling us to deliver services that align perfectly with your needs.

Services Tailored to London’s Businesses

1. Comprehensive Financial Reporting and Analysis: At Affinity Associates, we provide London businesses with accurate and insightful financial reports that go beyond the numbers. Our in-depth analysis equips you with the knowledge to make informed decisions and drive growth.

2. London-Focused Budgeting and Forecasting: Plan for London’s competitive landscape with our budgeting and forecasting services. We help you set ambitious yet achievable financial goals and develop strategies to conquer them.

3. London-Centric Cash Flow Management: Managing cash flow is vital for London’s fast-paced business environment. Our experts work closely with you to optimize cash flow, ensuring your business thrives even in challenging times.

4. Strategic Business Planning for London: Our advisory services extend beyond financials. Collaborate with us to develop comprehensive London-centric business strategies that align with your financial objectives.

5. London-Aware Risk Management: Safeguard your London business’s financial stability and reputation with our risk management solutions. Identify potential financial risks and devise strategies to mitigate them effectively.

Frequently Asked Questions (FAQs)

Q1: Why should I choose Affinity Associates as my London accounting firm?
A1: As a leading London accounting firm, we bring deep industry knowledge and a local perspective to our services. Our focus on London businesses ensures tailored solutions that address your unique financial needs.

Q2: How can your London-centric approach benefit my business?
A2: Our London-centric approach means we understand the challenges and opportunities specific to the city. We craft strategies that resonate with London’s competitive business environment.

Q3: What sets your London accounting firm apart from others?
A3: Our commitment to staying updated with London’s financial trends, paired with our expertise, makes us a standout choice among London accounting firms.

Elevate Your London Business with Our Expertise

Beyond our “Financial Accounting & Advisory Services,” Affinity Associates offers seamless integration of financial accounting, bookkeeping, tax optimization, and business advisory services, all designed to propel your London business to new heights.

Your Path to Financial Excellence Starts Here

At Affinity Associates, we are dedicated to driving your London business’s success. Our financial accounting and advisory services are finely tuned to provide you with the strategic insights and expert guidance needed to thrive in the dynamic London market.

Read More
The Most Affordable Financial Accounting Services in UK

Want to know more about our Financial Accounting & Advisory Services Enquire Now!

Capital Gains Tax Advice

Practical Tax Advice from the Expert Small Business Tax Accountants

So, you have capital assets and want to sell them because you are getting more money. Do you know you could be subject to Capital Gains Tax by selling such capital assets? With the right tax advice and careful tax planning, however, it is possible to eliminate or reduce your Capital Gains Tax liability. In certain cases, it is even possible to postpone the payment of Capital Gains Tax! At Affinity Associates, we have extensive knowledge of Capital Gains Tax and can provide you with practical tax planning advice.

Capital Gains Tax Advice for Small Business

When you sell certain capital assets (known as “Chargeable Assets”), such as valuable personal possessions (coins and stamps, antiques, jewelry, etc.), properties, shares, or a business, you need to pay tax on the gain you made to HM Revenue and Customs (HMRC). Failing to calculate and file accurate Capital Gains Tax computation could result in an inquiry from HMRC.

It is, however, possible to reduce, eliminate, or postpone your Capital Gains Tax with the right tax guidance and early tax planning. Therefore, whether as a business owner or not, you should get in touch with the expert small business tax accountants in the UK at Affinity, before selling any assets, in order to obtain clear advice and discuss means to minimize the impact of Capital Gains Tax and at the same time, remaining compliant.

Why Choose Affinity Associates for Capital Gains Tax Planning?

We have been providing quality tax services to our clients for over 30 years now. We have expert small business tax accountants in London, UK, who have immense knowledge in various personal and corporate tax affairs, including Capital Gains Tax. Whether you need tax planning guidance on Capital Gains Tax or Inheritance Tax, Affinity Associates is your ideal partner.

Affinity Associates can help you:

  • Calculate any potential Capital Gains Tax when you sell an asset
  • Calculate any reliefs that you are entitled to when selling your asset
  • Advise on the timing of disposal of the asset
  • Advise whether you qualify for Entrepreneurs’ Relief, which could reduce your tax
  • Advice on “Allowable Losses”
  • Advise on the sale of shares
Want to know more about our Capital Gains Tax Advice Service Enquire Now!

Company Secretarial Services

What are Company Secretary services?

company secretarial services include Advising on legal and procedural matters under the Act. Maintenance of secretarial records, statutory books, and registers. Acting as Secretarial Auditor, Advisor, or Consultant. Filing of petitions before the Company Law Board.

Company Secretarial Services UK That Reduce Your Administrative Burden

If you do not have adequate resources to manage all your business administration or if you are too busy to manage everything yourself, then Affinity Associates can help. We provide assisted or complete Company Secretarial services in the UK that are not only remarkable in quality but budget-friendly as well.

The Company Secretarial function is to make sure that the company complies with every legal requirement, which is stipulated by the Companies Act 2006. The person responsible needs to ensure that all the necessary documents are submitted to appropriate offices within the prescribed deadlines. Failure to carry out these important business administration tasks on time can lead to penalties and put your company in danger of non-compliance and the ensuing penalties.

The penalty regime these days has been increased substantially, and it can now be very punitive (some penalties have become more than double now)! If you are not careful with the business administration tasks, you may have to face an unnecessary financial burden upon your company. Fortunately, we at Affinity provide professional Company Secretarial services in the UK that take care of the business administration tasks of your company on your behalf.

Affinity Company Secretarial services are available for any kind and any size of business in the UK. We have an experienced and expert team to support you with your company’s administrative tasks. Our professional team will ensure that your company always complies with the obligations of the Companies Act 2006, and thereby reducing your burden of being compliant and enabling you to focus more on running your company.

Why Affinity Associates for Company Secretarial services?

We have a professional staff that is not only well-versed but vastly competent in handling business administration. Our top-quality Company Secretarial services are comprehensive and suitable for any business in the UK.

Affinity Associates can help you:

  • Carry out company formation and provide practical guidance on your corporate structure
  • Draft board minutes, resolutions, dividend warrants, and routine regulatory announcements
  • Improve your corporate governance
  • Process share transfers and allotments
  • Maintain statutory records
  • Submit statutory returns such as the Confirmation Statement etc.
  • Offer annual general meeting (AGM) support
  • Advice on company law and its implications
Want to know more about our Company Secretarial Service Enquire Now!