Judicious Chartered Accountants for Insurance Brokers in the UK
ABM Chartered Accountants provides expert accounting for insurance brokers across the UK, from sole intermediaries to growing broking firms. Our ICAEW and ACCA qualified team handles commission income, client money compliance, FCA regulatory costs and tax planning for broking businesses and individual brokers.
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What Our Clients Say About Us
Hundreds of businesses across the UK trust ABM Chartered Accountants for reliable, expert, and genuinely personal accounting services. See why clients rate us as their most trusted financial partner.
Accounting Built for Insurance Broking Firms
Insurance brokers face accounting challenges that general accountants rarely handle. Commission recognition, CASS 5 client money rules, insurer trust accounts, TOBA arrangements and PI requirements all demand advisors who know how broking firms earn, hold funds and stay regulated.
ABM Chartered Accountants works with general insurance brokers, commercial brokers, personal lines intermediaries and appointed representatives across England, delivering structured financial support for broking businesses and individual intermediaries. Every FCA return, tax filing and company account is handled accurately.
Helping Brokers Track Commission and Stay Compliant
Insurance brokers need more than basic compliance. ABM Chartered Accountants prepares commission income tracking, client money reconciliation, FCA regulatory cost schedules, PI insurance planning and tax returns, giving brokers clear visibility over brokerage margins, regulatory costs and take-home pay.
Whether you operate as a sole broker, run a limited company, hold binding authority or work as an appointed representative, our ICAEW and ACCA qualified team adapts to your model, keeping the business and individual brokers covered on all taxes.
Our Accounting Services for Insurance Brokers
We offer a full range of accounting, tax and advisory services for insurance brokers, designed around the demands of commission income, client money and broking firms operating across the UK.
Accounting Solutions
Expert annual accounts, year-end reporting, and accurate financial statements for UK businesses.
Bookkeeping
Cloud-based bookkeeping with Xero, QuickBooks, and Sage to keep accounts accurate.
Corporate Tax
Corporation tax compliance, computations, and strategic planning for UK companies.
VAT
VAT registration, quarterly returns, and Making Tax Digital compliance for UK businesses.
Payroll
End-to-end payroll, PAYE, RTI submissions, and pension auto-enrolment managed on time.
Audit & Assurance
Statutory audits, independent reviews, and assurance services for confident financial reporting.
Business Advisory
Cash flow forecasting, growth planning, and advisory support for confident decisions.
Company Formation
Fast UK company formation, Companies House registration, and full HMRC tax setup.
Management Accounts
Monthly or quarterly management accounts with KPIs, variance analysis, and clear insights.
Why Brokers Choose ABM Chartered Accountants
Sector Expertise
Strong grasp of commission, client money and FCA compliance.
Qualified Specialists
ICAEW and ACCA members experienced with broking firms.
Cloud-Based Delivery
Secure remote access to accounts and filings nationwide.
Supporting Insurance Brokers Across the UK
ABM Chartered Accountants supports insurance brokers and broking firms throughout England, from London and the South East to the Midlands, North West and beyond. Our cloud-based systems deliver specialist accounting to insurance broking businesses nationwide.
How We Work
Initial Consultation
Set Up and Onboard
Ongoing Support
We provide regular reviews and proactive advice to keep your finances optimised and HMRC-compliant.
Get in Touch Today
Whether you need help with your tax return, payroll, VAT, or business advisory, our qualified UK accountants are ready to provide clear, practical guidance for your specific needs.
Book a Consultation
Fill in the form below and one of our expert accountants will contact you promptly to discuss your accounting and tax requirements.
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Frequently Asked Questions
Here are answers to common questions insurance brokers, intermediaries and broking firm owners ask about specialist accounting for the sector.
How is broker commission income recognised?
Commission is earned when the client pays premium. Each insurer TOBA defines commission rates and terms. Tracking commission per insurer and policy type reveals which lines generate the best returns.
What are CASS 5 client money requirements?
Brokers holding client premiums must segregate funds in designated client money accounts. Regular reconciliation is required under FCA rules. Non-statutory trust arrangements protect client money if the brokerage becomes insolvent.
Are FCA regulatory costs deductible?
Yes. FCA authorisation fees, annual regulatory levies, FSCS contributions, Consumer Duty compliance costs and Financial Ombudsman levies are all allowable business expenses reducing your taxable profits.
How is professional indemnity insurance treated?
PI insurance is mandatory for FCA-regulated brokers. Premiums based on income and claims history are fully deductible. FCA sets minimum cover levels and requires reporting on the RMAR.
How is renewal income valued?
Annual policy renewals create predictable recurring commission. Tracking renewal rates, retention percentages and income per client shows the underlying value of your book and supports business valuation.
Can ABM support insurance brokers nationwide?
Yes. ABM Chartered Accountants serves insurance brokers across England using secure cloud-based platforms, delivering specialist accounting to general, commercial and personal lines broking firms.