Small Business Accountants
Are you looking for expert information on small business accounting?
At WIS Accountancy, we specialise in dedicated small business accountancy for businesses registered in England. With a range of packages designed for our clients and a highly qualified team professionals who has brought us to an award-winning stage, we’re an excellent choice to help your business manage finances, tax and more.
Call us or get in contact with our office today to find out more about how we can offer excellent expert advice and support to help you keep running your business in peak condition with tax returns, bookkeeping processes and more.
What is a small business accountant?
As a small business, you want to ensure you’re seeking expert advice and guidance on your accounts and tax. Whether you’re self-employed or hire a small team as a limited company, hiring an accounting firm is one way to ensure you’re on track with your firm.
Accountants for small businesses offer a tailored service for the specific needs of your company. Unlike large company accounts, small business accounting can easily be outsourced to a dedicated service for payroll, tax returns and more.
If you’re looking for financial support to run your business, a dedicated chartered accountant specialising in small business services is the ideal solution. Read on to find out more:
What do small business accountants do?
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How much do accountants cost for small businesses?
Dedicated accountants for business owners can vary widely in cost depending on your requirements and business plans.
An accountant that only provides an annual tax return and VAT returns service on your year-end accounts, for example, would have a different cost than the monthly bill of an accountant that handles all of your bookkeeping.
This wide range of services means that the cost of an accountancy service really depends on what you need. Some may need a number of extensive assistance that covers all areas of finance. Others may require a registered expert to support them in tax and other HMRC-related support.
Can I do my own small business accounting?
Many businesses and limited companies manage their finances in-house. While this works well for quiet periods of time, it can make it a challenge to handle your business effectively as you grow or during busier times.
Accounting services provide the expertise needed without the diversion of handling other work, which means your accounts and finances are always completed on time without any penalties or call from HMRC.
If you choose to have accounting done in-house, you’ll either need to learn new skills in tax and finance or employ someone who has them already. This is an additional cost to your business, in addition to payment for online accounting software like Xero and other training resources that quickly add up.
If your business is growing, you don’t have specialist knowledge, or you find yourself falling behind in busy periods, outsourcing is a good choice for you.
Working with dedicated chartered accountants trained in limited company finances ensures consistent management, both throughout the tax season and for your employees and business plans for the rest of the year.
How do I find good accounting services for small businesses?
As a small business owner, you know your operations and needs better than anyone else. That’s a good starting point to partner with a small business accountant service that works for your accounts specifically.
But beyond understanding your business inside and out, there are a few ways to ensure an accountant would be a good fit for your limited company:
Decide what services you need from a business accountant
In some cases, you may need a comprehensive bookkeeping service. In others, you may need tax advice, self-assessment returns, and year-end accounting alone. Knowing the monthly services you need can help you partner accountants that are the right fit for you.
Examine your budget and plans for business growth
When you hire an outsourced accountant, you want to ensure they are a good fit for your accounts and long-term business plans. An experienced business tax accountant and general specialist is your ideal choice as a small company.
Do your research into small business accountants
Online reviews and reputable platforms are the ideal way to ensure you’re choosing a suitable accountant for your business. At WIS Accountancy, our registered specialization in small business accounting makes us an excellent choice for your individual needs.
Why work with us for small business accountancy?
What is included in WIS Accountancy packages?
We currently offer three tiers of pre-built accountancy services at WIS, providing our clients an easy way for small companies to get the most out of our expertise. Contact us to acquire the packages we offer at a range from the basic package, ideal support for start-ups, to pro and platinum packages for more established businesses.
While the exact contents of accountancy packages may vary, all options include a process of ongoing support, financial advice, payroll, VAT and tax management and registration with Companies House and HMRC.
For more information about individual package offerings please contact us here: