Accounting & Tax Services

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Statutory Accounts

Statutory accounts are the annual financial statements a company must legally prepare and file. At Upstreamly, we understand the importance of not only meeting your statutory obligations but doing so in a way that reflects your business’s financial integrity. Statutory accounts are a legal requirement, but they also provide valuable insight into your financial position, helping support informed strategic decisions.

Our Services Include

  • Preparation of annual financial statements

  • Compliance with UK accounting standards and regulations

  • Timely submission to relevant authorities (Companies House)

  •  Clear communication with investors and stakeholders

Upstreamly’s Value Add
Our team provides comprehensive preparation and submission of statutory accounts, ensuring full compliance with accounting regulations. We work closely with your team to ensure every aspect of your financial performance is accurately represented, enabling clear communication with investors, regulators, and stakeholders. Whether you're a small business or a large enterprise, our approach ensures your statutory accounts are compliant, clear, and delivered on time - giving you reliable financial statements you can trust.

By combining technical expertise with practical commercial understanding, we ensure your accounts are not only compliant but also transparent and meaningful, providing confidence and clarity in your financial reporting.

  • We complete Statutory accounts together with Corporate Tax.

  • For Companies House, private companies have nine months from their accounting reference date to file statutory accounts. For HMRC, the corporation tax return (CT600) is due 12 months after the end of your accounting period, though tax payment is due within nine months and one day. We track these deadlines for all our clients and begin the process well in advance to avoid last-minute pressure.  Other deadlines exist depending on the size of the organisation.

  • Most small companies in the UK use FRS 105 (the micro-entity regime) or FRS 102 (the UK GAAP standard for small and medium-sized entities). Larger companies or those with international parents may need to apply full IFRS. We assess which standard applies to your company and ensure the accounts are prepared accordingly.

  • Yes. We regularly help companies get up to date with overdue filings. The penalties for late accounts can be significant, so it's important to act quickly. We'll prioritise the preparation, manage the Companies House and HMRC submissions, and advise on how to minimise any penalties that have already accrued.

Corporate Tax Services

Corporate tax presents both a challenge and an opportunity for businesses. Effective tax strategy is about more than simply meeting your tax obligations - it is about ensuring tax efficiency while minimising exposure to risk.

Our Services Include

  • Corporate tax return preparation and submission

  • Tax planning and strategy development

  • R&D tax credits claims

  • Tax compliance and reporting

  • Tax risk management and mitigation strategies

  • Advice on managing international tax issues

Uptreamly’s Value Add

At Upstreamly, we provide comprehensive corporate tax services tailored to the needs of your business. From tax compliance and reporting to strategic advice on managing tax liabilities, our team helps you navigate the complexities of corporate taxation with confidence.

We also provide specialist support across key areas such as tax risk management, forward-looking tax planning, and R&D tax credits, ensuring your tax position supports your wider commercial strategy.

Our clients rely on us for practical, results-driven tax advice that supports business growth while maintaining full compliance. With our deep understanding of tax legislation and its commercial impact, we help ensure your business remains both tax-efficient and well prepared in a constantly evolving regulatory environment.

  • We complete Corporate Tax together with Statutory Accounts.

  • The amount depends on your company’s profits, as Corporation Tax is calculated as a percentage of taxable income. As a general guide, it’s advisable to set aside around 19%–25% of your profits, depending on your profit level. Regular financial tracking and forecasting can help you plan accurately and avoid unexpected liabilities.

Personal Tax Services

‍Personal tax compliance and advisory services for directors, shareholders, and high-net-worth individuals, covering planning, filings, and HMRC liaison.

‍At Upstreamly, we offer personalised advice on personal tax matters, providing expert support for individuals within your business. Whether you need assistance preparing personal tax returns or planning for future tax liabilities, our team is here to guide you every step of the way.

‍ We understand the complexities of personal tax, and we tailor our approach to your individual circumstances, ensuring full compliance while minimising your tax burden and making the most of available reliefs and planning opportunities. Our goal is to give you peace of mind, knowing your personal tax matters are handled by experts who truly understand your needs.

‍Our Services Include

  • Personal tax return preparation and filing

  • Income tax planning and optimisation

  • Capital gains tax advice

  • Tax-efficient investment strategies

  • Compliance with UK personal tax regulations

Upstreamly’s Value Add

Many of our clients are founders or senior executives with complex personal tax positions — involving shares, options, dividends and international income. We combine personal tax expertise with our corporate tax knowledge so your business and personal tax planning works together efficiently. Our international team is particularly experienced with non-domiciled individuals and clients with cross-border income. Our team is constantly keeping up with the latest PT legislation to minimise your PT bill.

R&D Claims

Research and Development (R&D) tax relief is an often-underutilised benefit that can significantly reduce your tax liabilities or even result in a cash refund. As businesses face increasing pressure to innovate, leveraging R&D tax relief can unlock valuable funds to reinvest in future growth.

Upstreamly specialises in helping businesses identify and claim R&D tax relief, ensuring that your activities qualify for the maximum benefit. Our team has in-depth knowledge of R&D tax law and works closely with you to ensure your claims are fully compliant and optimised to achieve the best possible outcome.

We guide you through every step of the process, from identifying qualifying activities to preparing and submitting your claims. With our expert support, you can be confident that your R&D tax relief claims are handled with the highest level of professionalism and precision.

Our Services Include

  • Identification of eligible R&D activities

  • Maximising R&D tax relief claims

  • Preparing and submitting claims to HMRC

  • Ensuring compliance with current R&D tax laws

  • Supporting you through HMRC enquiries or reviews

  • Strategic advice to increase future R&D claims

Uptreamly’s Value Add

We prepare detailed management accounts that give you a clear picture of your financial situation. Our team works closely with you to ensure your management accounts are accurate, insightful, and tailored to your specific business needs, helping you stay on top of your finances and make data-driven decisions.

Whether you're looking to track performance monthly or quarterly we deliver management accounts that highlight the key metrics you need to drive success. We provide clear AI integrated reports that support strategic planning and decision-making at every level of your business.

With Upstreamly, you gain more than just financial reporting. Our management accounts offer the insight you need to steer your business towards growth, profitability, and sustainability.

  • You must file a self-assessment return if you are self-employed, a company director, have income over £100,000, have untaxed income (such as rental or investment income), or have capital gains to report. Individuals are required to pay their Personal Tax in two instalments. The deadline for online returns is 31 January following the end of the tax year. If you're unsure whether you need to file, we can assess your position and register you with HMRC if required.

  • Most owner-directors take a combination of a low salary (typically at the NIC threshold) and dividends from retained profits. This is often more tax-efficient than a high salary, but the optimal split depends on your personal circumstances, the company's profitability and your plans for the business. We model the most efficient structure for you each tax year, considering pension contributions and other personal factors.

  • If your company is working to resolve scientific or technological uncertainty - such as developing new software, testing new processes, or improving existing products in a non-obvious way - you may qualify. R&D relief is not limited to laboratories; it applies across sectors including software, fintech, energy, and more.

    We use a detailed, structured assessment process to ensure your claim meets HMRC requirements, supported by R&D specialists. Our refined approach has resulted in a 100% success rate for submitted claims, giving you confidence that your application is handled accurately and effectively.

  • Yes. Loss-making companies can still benefit from R&D tax relief. Under the merged scheme (from April 2024), most companies can claim a 20% above-the-line credit on qualifying expenditure. If you’re loss-making, this can often be surrendered for a cash payment from HMRC.

  • Yes. R&D claims can be made up to two years after the end of the relevant accounting period by amending your corporation tax return. If you haven't claimed in previous years and believe you may have qualified, it's worth reviewing those periods. We can assess whether retrospective claims are viable and manage the amendment process on your behalf.