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Small Business Accountants UK

Your own Specialist UK Small Business Accountants

We understand the small business accountant needs of sole traders, partnerships, contractors, limited companies, LLPs and small businesses, and we’ll support you every step of the way.

It does not matter if you are an electrician, gas engineer, plumber, builder, freelancer, contractor, beautician, hair salon, Amazon reseller, catering company, events company, retail or wholesale business, restaurant or manufacturing company we have the small business accounting package for you from as little as £10 per month.

You’ll get unlimited guidance and advice from our team of expert UK small business accountants.

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Unlimited help and advice
Leading cloud accounting software

Dedicated small business accountant
All returns and filing included

Real-Time Bookkeeping
Reminders – never miss a deadline

We provide complete small business accountancy services throughout the UK

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Small Business Accounting Packages

Accounting Wise’s range of services are tailored to cover all the different forms that businesses operate in. No matter the form of your small business; a Sole Trader, Partnership or Limited Company with employees, we have the small business accountants service just for you.

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Limited Company Packages
Sole Trader Packages
Partnership Packages
Contractor Packages
LLP Packages
Freelancer Packages
Construction Company Packages

Get started with the right small business accounting solution

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We currently support over 2,000 individuals and businesses in the UK

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Get started with the right accounting solution for your business

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Small Business Accountant Services

Our small business accountants are specialists in helping new businesses grow and also using our accounting expertise to help established organisations. We also have a history of working with contractors and freelancers, helping them through the year with business accounting and advice.

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Self Assessment Tax Returns
Bookkeeping
CIS Returns
Corporation Tax Returns
VAT Returns
Company Formations
Accounts Preparation
Payroll
Accounting Software

Get started with the right small business accounting solution

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Our Accredited Accountants

You can feel safe in the knowledge that we are experts in our field.

Our accredited accountants have a range of qualifications from the Association of Accounting Technicians (AAT), Association of Chartered Certified Accountants (ACCA) and the Institute of Chartered Accountants in England and Wales (ICAEW). We are also an Institute of Certified Practising Accountants (ICPA) accredited firm, and a HMRC registered Agent.

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Why use Accounting Wise as your Small Business Accountant?

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Your Own Dedicated Small Business Accountant

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When you join us, you will receive your very own dedicated small business accountants. Our fully qualified and friendly team will be on hand to help you throughout the year for all your financial queries.

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Leading Accounting Software

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Build Your Own Package

You are provided with leading accounting software which will help reduce the time it takes to – provide quotes and invoices to customers, chase payments, and monitor outstanding balances.

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Tailored Small Business Accounting

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Tax & Accounting packages tailored to suit your business. We are always straightforward in our services & pricing. We take care of your accounting and let you get on with making your business a success.

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Unlimited
Expert Advice

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Your dedicated small business accountant will always be on hand to answer any questions about your small business accounts. You can contact them via email, phone, live chat, Microsoft Teams or meet them in person.

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Regular Deadline
Reminders

Regular Accounting Reminders
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We send regular automated reminders to inform you of when your accounts and returns are due to be submitted, helping to ensure you never miss a deadline for your small business again.

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Essential FAQs for Small Business Accountant Services

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Small business accounting involves the systematic recording, reporting, and analysis of financial transactions for businesses with a smaller scale of operations. It includes managing income, expenses, payroll, taxes, and financial reporting to ensure compliance with regulations and informed decision-making.

While it’s not legally required, hiring an accountant can provide valuable expertise in managing finances, ensuring compliance with tax laws, and optimising your tax situation. An accountant can also save you time and reduce the risk of errors.

There are many options available, including QuickBooks, Xero, and Sage. The best choice depends on your specific business needs, budget, and preference for features like invoicing, reporting, and expense tracking. Many accounting software options also integrate with payment platforms and banking services.

The process of filing taxes varies depending on your business structure. Sole traders and partners file a Self Assessment tax return, while limited companies must file Corporation Tax returns. You can file online through HMRC or hire an accountant to assist you.

You should keep accurate records of all financial transactions, including invoices, receipts, bank statements, payroll records, and any other relevant documents. It’s essential to maintain these records for at least five years from the tax return deadline.

You can claim allowable business expenses that are incurred wholly and exclusively for your business, including costs such as office supplies, utilities, travel, marketing, and equipment. Keep detailed records and receipts for all expenses claimed.

You must register for VAT if your taxable turnover exceeds the vat threshold in any 12-month period. You can also register voluntarily if it benefits your business. VAT-registered businesses need to charge VAT on their sales and file regular VAT returns.

While it’s possible to use personal bank accounts, it’s not advisable. Keeping separate business and personal accounts simplifies accounting, helps track business expenses accurately, and makes it easier to file taxes.

Staying compliant involves keeping accurate records, filing tax returns on time, and understanding your tax obligations. Consider working with an accountant or tax professional to navigate complex regulations and ensure compliance.

An accountant helps manage your business finances, prepares financial statements, ensures compliance with tax regulations, assists with tax planning, and provides insights to improve your financial performance and support business decisions.

Common mistakes include poor cash flow management, mixing personal and business finances, neglecting to keep accurate records, and not seeking professional advice. Being aware of these pitfalls can help you avoid them and run your business more effectively.

Regularly reviewing financial statements (like profit and loss, balance sheet, and cash flow statements) can help you assess your business’s financial health. Key metrics to monitor include profitability, liquidity, and overall cash flow.

To prepare for an audit, ensure your financial records are accurate and up to date. Maintain clear documentation for all transactions, comply with tax obligations, and consider seeking help from an accountant to ensure everything is in order.

Switching to small business accounting with us is simple.

1 Choose Your Package

Pick the small business accounting services that you would like from either our pre-built packages or build your own to find out exactly how much you will be paying each month.

2 Sign up with Us

Once you have picked your level of service you’ll simply need to send over a few extra details to register with us via our sign up form or over the phone

3 You’re ready to go

That is it, we will begin to set your small business services up for you, contact your previous accountant if required, and begin the authorisation process with the HMRC

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Online Company Formation Services

Free company formation with our Pre-Built or Bespoke Accounting packages!

All official documents provided

Online Hub to manage your company

London Registered office Address

Your own incorporated limited company

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Accounting Wise is a trading style of Accounting Wise Ltd, a limited company registered in England under company number 09365202. Our registered office is: The Carriages, Station Road, Ware, SG12 9PL UK.

Content is for general information only. Always take advice.