How does the fixed monthly retainer model work?

Unlike traditional accountancy firms that charge by the hour, SyK agrees a transparent monthly fixed fee before work begins. This includes all agreed deliverables, software costs where applicable, and day-to-day queries, eliminating unexpected billing surprises.

What is Making Tax Digital for ITSA and how does SyK assist?

Making Tax Digital for Income Tax Self Assessment (MTD ITSA) requires self-employed individuals and landlords to keep digital records and submit quarterly updates to HMRC. SyK implements compatible software, configures digital workflows, and handles all quarterly and annual submissions.

Which accounting platforms and enterprise software do you support?

SyK works seamlessly across major cloud platforms including Xero, QuickBooks, SAP, Microsoft Dynamics, Zoho, Sage, and IRIS, alongside cloud document collaboration tools like Dropbox, Google Drive, and OneDrive.

5.0 ★ 2 Google reviews ICAEW Regulated Established 2014

Your Complete Outsourced Finance Department on a Fixed Monthly Retainer

Q: When are monthly management accounts delivered?

Our management accounts and variance analyses are guaranteed for delivery between the 15th and 20th of the following month, thoroughly reviewed under structured quality procedures.

ICAEW-regulated chartered accountants delivering daily financial operations, weekly reviews, and timely management accounts for growing UK businesses—without in-house overheads or hourly billing.

Book a Free Consultation Chat on WhatsApp

Zero hourly billing surprises

Accounts delivered 15th–20th

Mayfair registered practice

SyK Management Consulting corporate practice offices at Devonshire House, Mayfair, London

15th–20th

Monthly reporting window

Guaranteed Delivery

5.0 ★

Perfect Google Rating

Flawless 5.0-star client satisfaction across verified UK business engagements.

10+ Years

Established 2014

Over a decade advising high-growth SMEs, founders, and directors nationwide.

100% Fixed

Predictable Retainers

Transparent monthly retainers from £80 & £250/mo. Zero billable-hour creep.

15th–20th

Monthly Delivery

Guaranteed monthly management accounts and P&L variance analysis window.

Service Offerings

Fixed-Fee Accounting & Finance Solutions

Structured commercial finance support without the cost, recruitment burden, or management complexity of an in-house department.

Flagship Retainer

Outsourced Finance Department

A complete administration, controlling, and finance function replacing or augmenting in-house finance staff for ambitious UK companies.

Tailored Retainer

Bespoke monthly fixed fee based on volume

Daily operations: Sales/purchase ledgers, bank reconciliations & queries
Weekly reviews: Cash flow forecasting, debtors & operational checks
Monthly reporting: P&L, balance sheet & variance analysis by the 15th–20th
Credit control: Systematic reminder protocols and debtor management

Explore Finance Department

Small Business & Startups

Accounting & Compliance Packages

All-inclusive statutory compliance, management reporting, and HMRC submissions for limited companies, consultancies, and SMEs.

From £250 + VAT / month

Structured fixed package based on business size

Cloud bookkeeping: Accurate ledger maintenance in Xero or QuickBooks
VAT compliance: Quarterly Making Tax Digital VAT returns
Payroll & pensions: Monthly PAYE filings, payslips & pension auto-enrolment
Year-end accounts: Statutory accounts & Corporation Tax (CT600) filings

View Compliance Packages

Directors & Landlords

Personal Tax & MTD ITSA

Self Assessment returns, property tax schedules, dividend optimisation, and preparation for Making Tax Digital for ITSA.

From £80 + VAT / month

Including dedicated software subscriptions

Self Assessment: Full preparation & submission to HMRC
MTD ITSA transition: Digital records setup & quarterly HMRC filings
Diverse income streams: Directors' remuneration, buy-to-let & capital gains
Software included: Cloud digital record-keeping licence provided

View Tax & MTD Services

Operational Cadence

Structured Operating Rhythm

Our systematic operational cadence replaces the reactive churn of traditional accounting, providing total visibility over your finances at every interval.

Cadence 01 · Daily

Transaction Processing & Control

Our team acts as your active daily finance department:

Processing sales ledger invoices and supplier bills
Daily bank feed reconciliations and balance sheet matching
Dedicated finance mailbox monitoring and supplier query resolution
Monitoring debtor balances and immediate cash collection alerts

Cadence 02 · Weekly

Strategic Leadership Reviews

Regular check-ins with Managing Directors and key decision-makers:

Rolling 13-week cash flow reviews and liquidity projections
Operational expenditure checkpoints and approval workflows
Reviewing aged receivables and targeted credit control actions
Ongoing project tracking and commercial milestone assessments

Cadence 03 · Monthly

Management Reporting (15th–20th)

Rigorous management accounts delivered like clockwork:

Full Profit & Loss statement, Balance Sheet, and Trial Balance
Detailed budget variance analysis with executive commercial commentary
Departmental performance breakdown and margin trend analysis
Structured internal partner sign-off ensuring board-ready integrity

Enterprise Integrations

Cloud Accounting & Enterprise Systems

We operate fully in the cloud, embedding seamlessly into your current software stack without costly migrations or disruption.

Xero Cloud Accounting

QuickBooks Cloud Accounting

SAP Enterprise ERP

Dynamics Microsoft 365 ERP

Zoho Finance Suite

Sage Financial Ledgers

IRIS Practice Software

SyK Cloud Software Capabilities & Document Collaboration Systems
Platform Tier	Supported Platforms	Primary Capability	Client Size / Focus
Cloud Ledgers	Xero, QuickBooks Online, Sage Business Cloud	Daily automated bank feeds, sales/purchase ledger processing, Making Tax Digital submissions	Startups, SMEs & Consultancies
Enterprise ERP	SAP, Microsoft Dynamics 365 Business Central	Complex multi-currency revenue recognition, multi-entity consolidation, cost-centre reporting	Scaleups & Multi-Entity Groups
Tax & Payroll Suites	IRIS, HMRC MTD Gateway, BrightPay	Statutory accounts preparation, Corporation Tax computations, PAYE & pension auto-enrolment	All Regulated Client Entities
Secure Collaboration	Google Drive, Dropbox Business, Microsoft OneDrive	Encrypted document retention, shared finance mailboxes, audit trail maintenance	Secure Remote Workflows

Shehryar Khan ACA, LL.M

Founder & Principal Chartered Accountant

Practice Leadership

Led by Shehryar Khan ACA, LL.M

Combining fifteen years of senior corporate finance leadership with rigorous legal training to safeguard your business's financial integrity.

ICAEW Chartered Accountant (ACA) Master of Laws (LL.M) Bar Council Advocate Oxford Brookes Mentor Kaplan Financial Examiner

Shehryar founded SyK Management Consulting in 2014 to bring institutional-grade financial controlling to growing businesses at a predictable fixed cost. Prior to founding SyK, he served as a Board Member at a multinational manufacturing corporation and as Assistant Financial Controller at an AIM-listed financial services company on the London Stock Exchange, where he engineered investor models for major equity fundraising.

Institutional Rigour

Extensive experience with UK GAAP, IFRS, statutory audits, multi-currency revenue recognition, and FCA regulatory reporting.

Tax & Legal Oversight

Dual qualification in accountancy and law providing proactive defence in VAT inspections, R&D claims, and cross-border structuring.

Read Shehryar's full professional biography and credentials →

Client Endorsements

Verified Client Testimonials

Real experiences from business founders and directors relying on SyK for financial stewardship.

★★★★★

"SyK Management Consulting have run our accounts for the past 16 months and I honestly cannot praise them highly enough. As founder of My Getaways I need a finance team I can trust to think commercially, not just process numbers, and SyK deliver that every time.

They have saved us tens of thousands of pounds through smarter processes and proper attention to detail. On several occasions they spotted that our previous internal team had been overpaying tax, money we would never have recovered without them.

Responsive, sharp, ICAEW regulated and genuinely invested in our business. If you run a serious operation and want accountants who add real commercial value, talk to SyK."

MY Getaways Google review

★★★★★

"The attention to detail and customer care were excellent. The team worked diligently to meet all our expectations."

Adnan Tabaqchali Google review

Clear Answers

Frequently Asked Questions

Everything you need to know about our fixed-fee retainers, service handover, and regulatory protection.

How does the fixed-fee retainer model work?

Unlike traditional practices that bill for every phone call or email, SyK scopes your operational requirements and agrees a set monthly fee before any work commences. Small business compliance packages begin at £250 + VAT/month, and personal tax returns start at £80 + VAT/month (software included). You receive complete cost certainty with zero unexpected invoices.

When are monthly management accounts delivered?

All monthly management accounts, variance commentaries, and balance sheet reconciliations are guaranteed for delivery between the 15th and 20th of the following month. Each pack undergoes rigorous internal partner review before release, giving directors timely, actionable data for boardroom decisions.

What is Making Tax Digital for ITSA and how does SyK help?

HMRC's Making Tax Digital for Income Tax Self Assessment (MTD ITSA) mandates digital record-keeping and quarterly submissions for eligible self-employed individuals and landlords. Our £80 + VAT/month service includes software licences, sets up compliant digital ledgers, and handles both quarterly updates and final declarations seamlessly.

How quickly can SyK onboard our company?

Following an initial free consultation, we provide a tailored fixed-fee proposal within one business day. Upon agreement, our senior team conducts formal professional clearance with your previous accountant, establishes secure cloud access, and completes full operational onboarding typically within 5–10 business days.

What regulatory oversight protects our business?

SyK Management Consulting Ltd is regulated by the Institute of Chartered Accountants in England and Wales (ICAEW) and supervised for Anti-Money Laundering (AML) compliance. We are registered with the Information Commissioner's Office (ICO ZA483920) and maintain comprehensive Professional Indemnity Insurance in accordance with strict ICAEW standards.

Next Step

Request a Fixed-Fee Proposal

Book a free, no-obligation consultation with our chartered finance team. We respond within one business day.

Tell Us About Your Requirements

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Brief Summary of Requirements

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Mayfair Office

SyK Management Consulting Ltd
Level 1, Devonshire House
1 Mayfair Place, Mayfair
London W1J 8AJ, United Kingdom

Registered in England & Wales (No. 09199481)

Direct Enquiries

Email: info@sykconsulting.com

WhatsApp: +44 7770 711160 (opens in a new window)

Response Target: Within 1 business day

Practice Hours: Monday – Sunday: 8:00 AM – 6:00 PM

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