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UK Tax Alert | Planning to Start a Business in the UK? Four Major Aspects of a Company in UK

If you plan to set up your own company and become a boss, here are a few of the most commonly used corporate accounting services:


Bookkeeping: Bookkeeping is a method of accounting that records daily income and expenses over a certain period, accounting for the increase and decrease in assets, liabilities, and capital resulting from transactions. Companies must meticulously record every transaction so that profits and losses can be calculated at the end of each fiscal year.


Confirmation Statement: Every registered company must submit an annual report to the Companies House at least every 12 months, confirming that all information about the company, such as the details of directors and significant controllers, is correct. If there are any changes to the company, such as whether or not company stocks have been traded, they should also be reported and confirmed.


Annual Accounts: Annual accounts include a comprehensive report of the company's activities for the previous year. The profit and loss account and balance sheet are also included. Bosses need to ensure that the figures are accurate.


Corporate Tax Return: Every fiscal year, the company needs to fill out several documents to submit to HMRC (Her Majesty's Revenue and Customs) to declare the profit or loss for that year. The HMRC will calculate the corporate tax to be paid based on the documents submitted by the company, so it is crucial to ensure the information is correct.


If you have any tax issues in the UK, feel free to contact us. Our team can consult for you and find the tax solution that suits you best.

 
 
 

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Wong & Yip Accountants – Chartered Accountants in Manchester

Over 30 Years of Accounting & Tax Expertise

Wong & Yip Accountants is a firm of chartered certified accountants (ACCA & FCCA) based in Manchester, with over 30 years of professional experience. We specialise in accounting, taxation, VAT solutions, business advisory, and cross-border services.

Our mission is simple: to be the most professional, reliable, and trusted local accounting practice in the UK, helping clients grow with confidence.

 

Why Choose Wong & Yip Accountants?

  • 30+ Years of Experience – trusted by thousands of businesses across the UK and globally.

  • Trilingual Support – English, Native Cantonese, and Native Mandarin-speaking ACCA-qualified accountants

  • Specialists in the Oriental Market – we share your culture, language, and community.

  • Client-Centred Approach – “Clients First” is our philosophy. Every solution is tailored to your unique needs.

  • One-Stop Business Solutions – from UK tax compliance to cross-border e-commerce support.

 

Industries We Serve

Our clients range from small start-ups to multi-million-pound businesses with turnover between £20,000 and £5,000,000.

We serve a wide variety of industries, including:

  • Takeaways & Restaurants

  • Traditional Chinese Medicine Practitioners

  • Sourcing & Trading Agents

  • Cross-Border E-commerce (Amazon, eBay sellers, Shopify stores)

  • Law Firms & Legal Practices

  • Telecoms & Education Agents

  • Construction & Engineering

  • Printing & IT Services

  • Landlords, Taxi Drivers, Investors, and Translators

We also collaborate closely with law firms, immigration consultants, and financial asset managers, ensuring a comprehensive one-stop service for our clients.

 

Our Services

At Wong & Yip Accountants, we provide a full range of services, including:

  • Accounting & Bookkeeping

  • UK VAT Solutions & Compliance

  • Corporate Tax & Personal Tax Planning

  • Payroll & PAYE Management

  • Cross-Border E-commerce Solutions

  • Global IP & Trademark Advisory

  • Business Advisory & Management Consulting

Empower Your Global Ambition With Us – we combine technical expertise with cultural understanding to deliver results that help your business grow.

 

Recognition & Memberships

  • Member & Fellow Member of ACCA (Association of Chartered Certified Accountants, UK)

  • Trusted Tax Advisors for Amazon & eBay Sellers

  • Nominated for E-commerce Agent Awards – recognised for our efficient and diligent support of online sellers.

 

What Our Clients Say

“Wong & Yip Accountants is the most trustworthy firm. They are highly competent and always put my business interests first. I have complete confidence in them, and I have no hesitation in recommending them to you!”
— Sam Leung, Nougart

“Since moving our business to Wong & Yip Accountants, I’ve been impressed by their professionalism, friendly attitude, efficiency, and the consistently high standard of advice and service.”
— Chris, Wakuwaku Japan

“For nearly 30 years, we have benefited from first-class, bespoke payroll and business advisory services from Wong & Yip Accountants. Their combination of skill, efficiency, and professionalism—while remaining approachable—makes them an integral part of our team. We would have no hesitation in recommending their services.”
— Alex, UKTesla

“Wong & Yip Accountants took the time to truly understand our business from the inside. Their recommendations proved invaluable, transforming the way we work.”
— Kurl, Interpropset

“Wong & Yip Accountants are proactive and supportive in every new business venture, enabling me to make informed commercial decisions with confidence. We wouldn’t be where we are today without them. Highly recommended.”
— Tracy, Woodland International

 

Leadership

Henry Yip, BA, FCCA, HKICPA
Henry Yip is recognised as one of the UK’s leading experts in non-UK domicile taxation. With a strong entrepreneurial and commercial mindset, he has helped hundreds of clients succeed in their UK and international business ventures.

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Wong & Yip Accountants is a professional accounting firm with office in Manchester (UK). Our team is composed of UK-practicing ACCA-qualified accountants and HK-practicing HKICPA-qualified accountants, each bringing extensive experience from diverse industries. We combine best practices from both the UK and Hong Kong, enabling us to deliver efficient, comprehensive, and culturally attuned accounting solutions.
Please feel free to contact us.

Social Media

contact us! If you would like more information about any of our services, or if you just want to say hi, please feel free to drop us a line.

  • Whatsapp
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Address

info@wongyipaccountants.co.uk

+44 7599 614875

Jactin house, 24 Hood St, Ancoats, Manchester M4 6WX

 

©2023 by WONG & YIP ACCOUNTANTS. All Rights Reserved.

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