Free, Expert iXBRL Consultation for Businesses

Oct. 4, 2011 - PRLog -- Arkk Solutions, UK’s leading iXBRL Consultancy, today announced that it is offering a free consultation service to anyone responsible for filing Company Tax Returns. The service is aimed at helping businesses get to grips with HMRC’s recent regulations.

Since 1 April 2011, HMRC requires all companies and organisations to submit their Company Tax Return including accounts and computations online, for any accounting period ending after 31 March 2010 onwards. The new online requirement means all accounts and computations must be submitted in a set format – Inline eXtensible Business Reporting Language (iXBRL).

Arkk Solutions, one of the first companies in the UK to be recognised by HMRC for their iXBRL services as far back as June 2010, prides itself a specialist in the niche iXBRL industry.
‘Over the past 2 years, we have invested resources on development of our own iXBRL conversion software and building a team of over 20 qualified accountants. Our experience in the industry means we can easily offer quality iXBRL advice, even for complex accounts.’ says Richard Metcalfe, MD of Arkk Solutions.

The Free Consultation service which is spearheaded by Nick Baldwin, senior consultant at Arkk Solutions, means that visitors to the Arkk solutions website can directly ask Nick and his team questions about iXBRL or advice on the different options available to them.

Nick, a qualified ACA who began his career as an accountant at PWC auditing blue chip clients said ‘We have found that there is still some confusion in the industry as to what is really required by HMRC. As we run up to the end of the year, a lot of businesses will be submitting their accounts for the first time in the new iXBRL format. Our goal is to provide these businesses with quality information thereby easing problems they may face as a result of the requirement.’

Arkk Solutions’ free iXBRL consultation service is now available at their website - arkksolutions(dotcom).


About Arkk Solutions

Arkk Solutions is UK's leading independent iXBRL consultancy. Arkk launched UK's first online iXBRL conversion tool in 2010 and is the preferred supplier by many top accountancy firms and FTSE 250 companies. Its software is also the service engine behind many leading market offerings.

In addition to their software solution, Arkk also offers a fully outsourced iXBRL tagging service.