VMK Accountants Limited: Business Advisors & Tax Consultant
    Contact
    Serving clients across Canary Wharf

    Accountants & Tax Advisers in Canary Wharf

    VMK Accountants supports finance workers, IT and management consultants, tech professionals, company directors and limited company contractors across Canary Wharf and the wider E14 estate, from South Quay, Heron Quays and West India Docks to Wood Wharf, Poplar and the Isle of Dogs. Fixed-fee, cloud-based accounting and tax support.

    Led by Vipul Katkoria FCCA, MAAT Contractor & Ltd company specialists IR35 contract and status support Fixed monthly fees Secure remote onboarding

    Quick answers about VMK Accountants in Canary Wharf

    Who are we? VMK Accountants Limited, a registered UK accountancy firm led by Vipul Katkoria FCCA, MAAT, BSc (Hons), with experience supporting contractor and owner-managed limited companies.

    Where do we work? Across Canary Wharf and the wider E14 postcode, South Quay, Heron Quays, West India Docks, Wood Wharf, Poplar and the Isle of Dogs.

    Who do we help? IT, data, change, project and management consultants working with banks, insurers and technology businesses, plus PAYE finance professionals with dividend, rental or overseas income.

    What do we do? Limited company accounts, CT600, director self assessment, written IR35 status views, VAT under MTD, monthly payroll, and end-of-contract Ltd closure or MVL referrals.

    How much? We assess the required company accounts, payroll, VAT, bookkeeping and personal tax work, then provide a fixed written quotation before starting.

    Accountants for Canary Wharf contractors and professionals

    The Canary Wharf client base skews heavily towards contractors and consultants working through their own limited companies, plus permanent PAYE professionals with additional dividend, rental or overseas income. We prepare year-end accounts and CT600 returns, run monthly payroll, file quarterly VAT under MTD and complete director self assessment returns, with clean handovers whenever you move between contracts. Most of our E14 clients complete a full year with us without needing to visit an office once.

    Tech, finance and consultancy contractors in E14

    Canary Wharf is home to major banks, insurers, professional firms and technology teams, so E14 contractors commonly move between PAYE, umbrella and limited-company engagements. We can review the contract, working practices and any Status Determination Statement, explain the accounting consequences, and keep salary, pension and dividend decisions aligned with available profits. If a contract ends and the company may close, we review liabilities and records before discussing strike-off or a referral to a licensed insolvency practitioner for an MVL.

    What to review when a Canary Wharf contract changes

    Keep the new contract, any Status Determination Statement, agency or end-client correspondence, timesheets, expense evidence and the final payslip or P45 from the previous role. For a limited company, we also review bank balances, unpaid invoices, VAT, payroll, corporation tax and distributable reserves. Looking at the entire transition helps prevent duplicated PAYE income, unsupported expenses and dividends that exceed available profits.

    End-of-contract company closure needs careful sequencing

    Strike-off and an MVL are different routes, and neither should begin until creditors, tax liabilities, final accounts, payroll and VAT have been considered. Business Asset Disposal Relief may reduce Capital Gains Tax where its conditions are met; the rate is 18% for qualifying disposals made on or after 6 April 2026. We review the accounting position and, where an MVL is relevant, coordinate with a licensed insolvency practitioner.

    Why professionals in Canary Wharf choose VMK

    Fixed monthly fees, direct access to a qualified accountant, a modern cloud-accounting setup and practical help with HMRC correspondence. The service is built for people who need clear answers around contract changes, unexpected HMRC letters, or a decision on whether to retain or close a company.

    Seven specialist MTD guides

    Making Tax Digital accountant in Canary Wharf

    VMK supports landlords, sole traders and VAT-registered businesses in Canary Wharfwith Making Tax Digital. We check whether and when MTD applies, set up compatible software, organise digital records and support quarterly updates and the final tax return. Landlords receive property-specific help for rental income, joint ownership, portfolios and foreign property.

    Current MTD for Income Tax rules

    MTD for Income Tax applies in phases to eligible sole traders and landlords with qualifying gross self-employment and property income over £50,000 from 6 April 2026, over £30,000 from 6 April 2027, and over £20,000 from 6 April 2028. We check the relevant tax return, combined qualifying income and any exemption before recommending software or registration.

    Check GOV.UK guidance

    Confidential HMRC disclosure support

    Undeclared rental and India income help for Canary Wharf

    VMK supports Canary Wharf clients who have discovered missing income or received an HMRC letter. We establish the relevant years, income sources, ownership and filing history before calculating a defensible UK tax position and selecting the appropriate response or disclosure route.

    Landlord disclosure

    HMRC letter about undeclared rental income

    Help for landlords with two, five, ten or more potentially undeclared years, whether the property is in the UK or overseas. The correct route depends on the complete HMRC letter, whether returns were filed, when letting began and why the income was omitted.

    • Review the letter, response date, ownership and tax-return history.
    • Reconstruct rent and allowable costs from bank, agent, mortgage and property records.
    • Prepare the appropriate returns, amendments or Let Property Campaign disclosure.

    India and overseas disclosure

    HMRC letter about income or assets in India

    UK-side support where Indian income was omitted, including fixed-deposit interest, NRO, NRE or FCNR accounts, Indian property rent, dividends, investments, pensions and capital gains. Holding an account is not itself the tax calculation; residence, source, remittance rules and each tax year must be reviewed.

    • Review HMRC correspondence and UK residence for each affected year.
    • Reconcile Indian bank statements, FD certificates, TDS, Form 26AS or AIS and property records.
    • Calculate sterling figures, consider treaty relief and prepare the correct UK return or Worldwide Disclosure Facility submission.
    Before responding: keep the complete HMRC letter and envelope, avoid guessing figures, and gather the records you already have. VMK advises on the UK tax and disclosure position; Indian tax returns or legal work may require an appropriately qualified adviser in India.

    What's included

    Core services

    • Limited company accounts
    • Corporation tax returns (CT600)
    • Director self assessment (SA100)
    • VAT returns under Making Tax Digital
    • Payroll and PAYE
    • Bookkeeping in Xero

    Contractor essentials

    • Written IR35 status support
    • Salary vs dividend planning
    • Expense policies and mileage
    • Pension contribution planning
    • Second-income reporting
    • Company closure / MVL referrals

    Who we help

    • Finance and banking professionals
    • IT and technology contractors
    • Management consultants
    • Data and change contractors
    • Recruitment agencies
    • Tech startups and SaaS founders

    Established and accountable

    Advice from a registered London accountancy firm

    VMK Accountants Limited has served clients since 2001. The firm is based in Kenton, Harrow and is led by Vipul Katkoria FCCA, MAAT, BSc (Hons), giving clients a named, qualified point of contact for their accounts and tax work.

    Registered company
    VMK Accountants Limited
    Company no. 04288796
    Established
    17 September 2001
    Kenton, Harrow office

    How it works

    1. 1

      Contract review

      We understand the engagement, status documents and current company position.

    2. 2

      Records check

      We identify the accounts, payroll, VAT and personal tax records required.

    3. 3

      Written scope

      You receive clear responsibilities, a filing timetable and a fixed quotation.

    4. 4

      Secure onboarding

      We arrange clearance, authorisations and access to the accounting records.

    Frequently asked questions

    Are you Canary Wharf accountants?+

    Yes. We serve E14 contractors, consultants and Ltd company directors across Canary Wharf, South Quay, Heron Quays, Wood Wharf and the Isle of Dogs, fully remotely via Xero, our secure portal and Zoom.

    Do I need a local accountant in Canary Wharf?+

    No. Almost all our E14 clients work with us fully remotely, a physical office visit isn't needed to open an account, file a return or handle an HMRC issue.

    How much do Canary Wharf accountants cost?+

    The fee depends on the records, transaction volume, payroll, VAT and advisory work required. We review the scope first and provide a fixed written quotation before any work begins.

    Can you help with IR35 for Canary Wharf contracts?+

    Yes. We can review the contract, working practices and any Status Determination Statement, explain the tax consequences, and help keep company and personal reporting consistent. Responsibility for determining status depends on the engagement and off-payroll rules that apply.

    Can you help me close my Ltd company at the end of a contract?+

    Yes. We first review the company's liabilities, final accounts, payroll, VAT and available reserves. Depending on the facts, the route may be strike-off or a referral to a licensed insolvency practitioner for an MVL. Business Asset Disposal Relief is subject to eligibility conditions and date-dependent rates.

    Do you handle director self assessment with PAYE and dividends?+

    Yes. We prepare and file SA100 including employment pages (P60/P11D), dividend income, savings, capital gains and property income, and we cross-check against your payslips so nothing is missed or double-counted.

    Can you help with pension contributions from my Ltd company?+

    Yes. Employer pension contributions from your Ltd are usually fully deductible against corporation tax. We model contribution levels against your available profits, annual allowance and any carried-forward relief.

    Do you support Bitcoin, crypto and vested share reporting?+

    Yes. We handle capital gains on crypto disposals, staking and DeFi income, RSU vesting, ESPP and option exercises, reporting these correctly on your self assessment.

    How do I switch to VMK?+

    Once the scope and fee are agreed, we request professional clearance, review the accounting data and arrange HMRC agent authorisation. Timing depends on how quickly records and clearance are received.

    Do you provide Making Tax Digital support in Canary Wharf?+

    Yes. VMK helps Canary Wharf landlords and sole traders check when MTD for Income Tax applies, choose compatible software, keep digital records, send quarterly updates and complete the year-end tax return.

    Can you help Canary Wharf landlords with MTD for property income?+

    Yes. We help organise digital rental-income and expense records, including jointly owned and foreign property, and check the qualifying-income threshold and start date before registration.

    Can you help if HMRC writes about undeclared rental income in Canary Wharf?+

    Yes. We review the complete HMRC letter and deadline, establish the affected properties, owners and tax years, reconstruct the rental figures and prepare the appropriate return, amendment or disclosure.

    Can you help Canary Wharf residents disclose fixed-deposit interest or other income from India?+

    Yes. VMK handles the UK-side review of Indian fixed deposits, bank interest, property rent, investments, pensions and gains. We check residence and filing history before deciding whether returns, amendments or the Worldwide Disclosure Facility are appropriate.

    VMK Accountants Ltd

    17 Hunters Grove, Kenton, Harrow HA3 9AB

    Speak to a Canary Wharf accountant today

    Whether you need help with Ltd company accounts, IR35, self assessment, VAT or closing your company at contract end, we can help. Book a free, no-obligation 30-minute consultation.

    We Work With Industry-Leading Software

    XeroQuickBooksSageFreeAgentCapiumMoneysoftCCHOdooQuickFileZohoXeroQuickBooksSageFreeAgentCapiumMoneysoftCCHOdooQuickFileZoho