Accounting For Uk (United Kingdom) & Eu (European Union)
Taxes, Bookkeeping, Payroll and Complete Finance Outsourcing
Glocal Accounting is a leading accounting outsourcing company in the UK that focuses on financial success. Our expertise covers all financial matters, from accounting and bookkeeping services to taxation and payroll management. We offer high-class services to all-sized organizations based in England, Scotland, Wales, Northern Ireland, & other regions of the European Union.
We specialize in timesheet processing, ROTA, holiday management, auto-enrolment and HR systems. All of this is done in compliance with UK-based legal reporting requirements.
UK tax codes and rules are becoming increasingly complicated: from handling pension auto-enrolment to furlough (something that came up post the pandemic). So, as a business, the question isn’t should I outsource my UK payroll? The real ask is: who should I outsource it to?
With a full spectrum of payroll management services, Glocal Accounting is your partner in progress. We help you end-to-end, from registering with HMRC to gross-to-net payroll calculations and year-end processing.
"Doesn't matter whether you have 20,000 employees or just one, we'll make sure your UK employees are paid correctly and on time — every time!"
Glocal Accounting can meet accounting standards for every UK business structure, including sole traders, partnerships, limited companies and more. Our accounting services range from profit & loss, balance sheet and cash flow projections, to the analysis of fees rendered and recovered, and current and capital accounts.
We use top-of-the-line digital reporting software that meets the requirements of the banks as well as businesses. Our expert team works closely with clients to assist with year-end tax returns.
The UK's Financial Reporting Council (FRC) is responsible for issuing accounting standards in the UK. FRC published five standards that form the foundation for all accounting. The Financial Reporting Standard for Smaller Entities is available for those that qualify to use it.
In March 2013 the FRC issued FRS 102, The Financial Reporting Standard Applicable in the UK and Republic of Ireland. This followed FRS 100 Application of Financial Reporting Requirements and FRS 101 The Reduced Disclosure Framework in November 2012. Together these standards make up the ‘new UK GAAP’.
Our professional accountants are well-versed with laws as per the size of the entity. They follow the ‘Generally Accepted Accounting Practice’ and the accounting standards published by the UK’s Financial Reporting Council (FRC).
