Business Details
30 Years
experience
Trusted Accountants in Hull Providing Modern Financial Solutions
B S Panesar & Associates is a family-run accounting firm established in 1996, serving businesses and individuals across East Yorkshire. Our team combines over 40 years of industry experience with modern technology to deliver tailored financial solutions. Founded by Bhopinder Panesar, a former HMRC inspector with 17 years of investigative expertise, we offer a unique perspective on tax compliance and risk management. We specialise in accounts preparation, tax returns, payroll services, and wealth management, prioritising transparency and client education. Our flexible approach accommodates evening and weekend appointments, with a commitment to simplifying complex financial processes.We serve diverse clients from sole traders to limited companies, leveraging digital tools to enhance business efficiency. Our reputation for reliability and personalised service has been built through 18+ years of consistent client relationships. We focus on proactive tax planning to help clients minimise liabilities while maintaining full compliance with regulatory requirements. Our team maintains accreditation through continuous professional development and adherence to industry standards. We pride ourselves on clear communication, avoiding jargon to ensure clients fully understand their financial position.
Services
Tax Investigations
Wealth Management
Accounts Preparation
Corporation Tax Returns
Payroll Services
Details
- Year established: 1996
Highlights and features
- We offer 40+ years of combined accounting experience
- Our team includes former HMRC tax investigators
- We implement cloud-based accounting technology
- We provide flexible evening and weekend appointments
- We serve East Yorkshire businesses with local knowledge
What people say
Extra mile
Efficient and effective
Fantastic accountants
Better service
Services
Tax Investigations
Our team provides expert support during HMRC investigations, leveraging former inspector experience to negotiate settlements and mitigate penalties. We help clients understand compliance risks while ensuring proper documentation. With decades of combined experience, we guide businesses through complex tax investigations while maintaining professional representation.
Wealth Management
Partnering with St. James' Place Wealth Management, we offer strategic retirement planning and asset protection services. Our solutions help clients optimise inheritance tax efficiency while building sustainable wealth. We provide clear guidance on pension schemes and estate planning to secure long-term financial futures.
Accounts Preparation
We prepare statutory accounts compliant with IFRS standards for submission to Companies House and HMRC. Our service includes identifying tax planning opportunities and bookkeeping recommendations. We ensure accurate financial records that support business decision-making and external reporting requirements.
Corporation Tax Returns
We handle full corporation tax compliance including IXBRL tagging and deadline management. Our service covers directors' self-assessment returns and tax record maintenance. We work closely with businesses to identify legitimate tax-saving opportunities while ensuring regulatory compliance.
Payroll Services
Our payroll service manages real-time information reporting and statutory payments. We ensure compliance with auto-enrolment requirements and handle year-end P60 processing. Clients receive accurate payslips and tax liability calculations while maintaining full HMRC compliance.
People
Bhopinder Panesar
Founder & Chartered Accountant
Established the firm in 1996 after 17 years as HMRC tax investigator. Specialises in tax compliance and investigation support with 37 years' industry experience. Leads client advisory services with practical tax planning expertise.
Questions
What accounting services do you offer?
We provide accounts preparation, tax returns, payroll services, wealth management, and HMRC investigation support.
How does your tax investigation support work?
Our former HMRC inspector leads negotiations, offering expert guidance to resolve tax compliance issues and reduce penalties.
Do you serve businesses outside East Yorkshire?
While based in Hull, we serve clients in Leeds, Bradford, Halifax and can accommodate remote consultations.
What makes your firm different from other accountants?
Our unique HMRC experience combined with modern technology delivers practical solutions tailored to client needs.
Can you help with business payroll requirements?
We manage full payroll compliance including real-time reporting, statutory payments, and auto-enrolment obligations.
