About Us
We are a trustworthy qualified professional practice who helps you and your business to grow – your growth is our growth.
FINLOGIC EAST AFRICA is an advanced, forward-thinking accountants practice that thrives to change the lives of individuals and business owners beyond the expectations. We do this by delivering practical and realistic advice with the best possible solutions that reduce your burden and stress. We make sure you achieve your goal and at the same time live a balanced life. We value our relationship and treat each customer individually to assure they receive individual the best bespoke service which contributes to growth and profitability. We are qualified and regulated by the Association of International Accountants (AIA). Our consultants are qualified Chartered Accountants and regulated by ACCA. Our staff are fully qualified, trained and experienced in what we do. We are authorised Tax agents to deal with your tax affairs directly with the HMRC.
We offer a wide range of services helping your business to develop. We have experience with clients from startups to larger companies covering a number of sectors including;
- Retail
- Wholesale
- Health & Beauty sector
- Professional service
- Hospitality
- Commercial and domestic cleaning
- Construction
- Property rental and development
- Transport
- Information Technology/ Contractors
- Design and Marketing
- E-Commerce
- Service businesses
We have different packages to suit individual needs. We are happy to work on a fixed fee basis, so you don’t get any surprise bills.
Accounting
Limited company Accounts
We will prepare and file all the annual accounts limited companies are required to submit to Companies House and HMRC, including a full CT600 Corporation Tax Return.
All of your accounts will be submitted in the correct format to make sure we fully compliant with your disclosure requirements.
You won’t have to worry about incurring any penalties because we will make sure you never miss a deadline.
Partnership Accounts
One of the best things about small partnership businesses is that their size allows them to react and make decisions quicker than larger companies, but that advantage can be minimised if you are bogged down by your accounting and finances
We will make sure all the partners are happy and agree with the accounts before submission.
Sole trader accounts
To run a successful small business, you need the right business and tax advice, and at the right time. We are specialists in helping small businesses, and because all your financial information and accounting are in one place we always have access to the latest figures and so can quickly get to the heart of any problem you might have.
We understand running a business on your own needs an effort, that’s why we will co-ordinate with you like an in-house accountant.
Property accounts
Owning properties is exciting but at the same time, it is your responsibility to file correct returns.
We will prepare your rental accounts and will submit to HMRC in the best tax-efficient manner so effectively you can rollover finances and carry on investing in properties.
Taxation
Tax Services
Whether you are a business owner, property owner, entrepreneur, self-employed person, or a company director, we have tax accountants with the exact expertise that you require. By ensuring every client is partnered with a personal tax accountant, we make sure our approach is personal and tailored to your individual needs ensuring you are able to tax efficiently protect your wealth.
Corporation Tax
Whilst everyone knows tax is a charge levied by HMRC on income earned which is liable to be taxed in the UK, filing your taxes and staying on top of deadlines can be complicated. Whatever your tax status, from needing assistance filing your personal tax return to paying corporation tax on your LTD company’s profits, at FINLOGIC Accountants we can provide personalised assistance in relation to all tax-related matters, helping you make sure that you always have the cash to pay HMRC on time.
Self-Assessment
Our professional and experienced team of tax accountants provide a comprehensive range of personal tax services for individuals, companies and partnerships. Our innovative firm will provide you with a personal tax accountant who can guide you through the regulatory compliance requirements facing you and your business, look at ways you can reduce your overall tax liabilities, and help you to be prepared for any potentially challenging economic conditions.
R&D Tax Credits
The UK offers an innovation-friendly tax system. This means your company could be eligible for tax relief for the Research & Development (R&D) you already undertake and could come in the form of a tax deduction or even a cash refund from HMRC. We can help you fully understand your business’s research activities and make a potentially fruitful R&D tax relief claim for you.
VAT
We’ll help you choose the right VAT scheme, and make sure you understand and comply with VAT laws and regulations.
The different VAT schemes are:
Standard VAT accounting
With standard VAT accounting, you’ll reclaim VAT that you may have had to pay on your purchases. You’ll pay or reclaim the net of the VAT that you have charged your customers and the VAT that you have had to pay on your purchases.
Your VAT calculations are based on invoices raised, rather than when the invoices are paid.
This could either be good or bad for cashflow, depending on the circumstances. It’s bad when you have to pay VAT even when you aren’t paid for goods or services sold, but good when you can still reclaim for VAT on invoices received even if you haven’t yet paid.
Cash VAT Accounting
Unlike Standard VAT accounting, Cash VAT accounting only takes into account VAT money actually paid or received, rather than just invoiced.
Since you won’t have to pay VAT on any goods or services that the customer hasn’t paid for, it is good for your business’s cashflow.
Flat Rate VAT Scheme
Instead of calculating VAT on each and every transaction, you’ll pay a flat rate percentage of your turnover.
This can be good for small businesses because it makes it much quicker and simpler to account for VAT.
However, its advantage of having a rate lower than the standard VAT is offset by an inability to reclaim VAT on purchases.
Pros and cons
We will help you weigh up the pros and cons of each VAT payment method and help you choose the right one for your business.
Bookkeeping Services for Businesses
Bookkeeping can be boring and time-consuming work.
With FINLOGIC in charge of your bookkeeping, it’ll be simple and easy, giving you more time to manage and grow your business.
We will provide you very efficient bookkeeping services so you don’t have to worry about missing payment deadlines whether from your debtors or to your creditors. Cash flow is a lifeline of any business. With a regular reconciliation of bank and cash, you will be on top of your cash flow position which will help you to grow your business.
Cloud Bookkeeping Software
As well as providing traditional bookkeeping services, we also offer the choice of cloud bookkeeping services to make it even easier for you. You’ll have less paper around the office and have instant access to data and reports. We’ll then use the data you’ve entered to provide you with our comprehensive accounting services.
We are experienced and partnered with a variety of bookkeeping software likewise:
Sage
Xero
Quickbook
We are Xero certified advisor
Recording your transactions in Xero throughout the tax year brings a huge number of benefits when it comes to completing your statutory accounts.
Firstly, it means we will have all your data at our fingertips in the right format, so we can process your accounts quickly and efficiently at year end.
Secondly, keeping your books on Xero means you will have a much clearer picture of your tax liability before the bill lands because you will have easy access to reporting and future forecasting features – so there are no nasty surprises when the final bill arrives!
With the majority of our clients, we can usually help you reduce your tax liability – so you’ll often end up saving more than you spend! If you think using Xero Accounting software would benefit your business, please do contact us & we will be glad to help.
Our Value Added Service
We do so much more than just prepare your statutory accounts and submit them to Companies House; for us, it’s about helping our clients better understand their company financials and projections, and assist with tackling any issues early on so that running your business becomes even easier. We believe in building strong client relationships based on trust and communication so that we can help with the overall financial performance of your small business now and in the future.
Business Startup
We are passionate to help startup businesses get on with what they do best while giving them all the great business and tax advice they need to succeed.
When you join FINLOGIC, we will help you with a bespoke company setup to get you started and provide you with software so that you can keep a track of your performance which is critical in the early years for a startup.
Sole Trader or Limited Confused?
It is so important that you are set up on the correct structure from day, whether its a limited company or a sole trader.
When you get in touch with us, we will review your business idea, potential earnings, other sources of income and advise what structure is best for you.
Thereafter, we will ensure your books are ALWAYS upto date and you NEVER miss a deadline.
Company Formations
We will help you decide whether you want to work as a sole trader or set up a limited company. If you decide to set a limited company, we can do all the hard work of the company formation process, filling out and submitting the relevant documents to the Registrar of Companies.
Registration with HMRC
When you start your business you need to register with HMRC regardless of your business structure. This includes VAT, PAYE, Corporation Tax, Self Assessment etc. depends upon your circumstances. Being HMRC’s authorised agent, we will complete all your registration in no time.
Tax Investigations
Since April 2009 HMRC has held the power to randomly investigate taxpayers and visit business premises to inspect their tax records. FINLOGIC Accountants will deal with your case and support you throughout any random investigation.
Tax disputes between taxpayers and HMRC are a fact of life. We can ensure your rights are respected and use our specialist tax knowledge to improve your chances of winning any dispute with HMRC.
Tax advise
Through efficient tax advice, FINLOGIC can help you to negotiate the complex UK tax system to make sure your tax bill is the minimum it can be. Bringing experience and expert advice, we know the ins and outs of tax relief and will advise you on the best tax strategy for you throughout the year.
Our Partners and clients
