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small business accountants

Small Business Accountants London

Specialist Small Business Accountants Serving London and Nationally

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WIS Accountancy, local accountants for small businesses in London

Welcome to WIS Accountancy, your go-to specialist for small business accountancy services in London. We pride ourselves on offering more than just basic accounting – we provide a personalised, one-stop solution tailored to your business needs.

We understand the challenges small businesses face, especially in London, where operating costs are high and the competition fierce. Our team is here to offer unlimited support and advice to help your business not just to survive but to thrive and grow.

When you work with WIS, we will allocate you a dedicated accountant who will act as your single point of contact. We will build a strong relationship with you and work hard to understand the needs of your small business. From offering the correct advice on tax returns to streamlining your bookkeeping to better cash flow management, our extensive experience makes us a valuable extension of your team.

As well as handling the basics like bookkeeping, your dedicated accountant can help you achieve tax efficiency and create strategies to pave the way for business growth. That includes regular tax planning sessions to help you retain more of your profit and management accounting to help you make better business decisions.

If you operate as a limited company, we can also help you fulfil your company secretarial duties. Beyond small business accounting, we can also assist with mortgages, personal tax and private wealth affairs.

Our small business accountancy services have transparent, fixed monthly fees with no hidden charges, ensuring real value for money. Whether you’re an established limited company, a contractor, a startup, a sole trader, or a landlord, WIS Accountancy is here to support your business journey.

Contact us today to discover more about our tailored accounting solutions designed for small businesses.

What type of accountant is best for small business?

When seeking an accountant for your London-based small business, you should start by ensuring they are qualified, regulated and experienced. Look at their reviews to see how their clients rate them and do some research on their website to gauge their level of knowledge and professionalism; a blog is a great place to start.

Credentials aside, it’s also important to find an accounting firm that offers a full range of basic and strategic accounting services. You may not need them all when you are starting out, but it’s good to know that there is scope to add on services like management accounting as you grow.

Finally, seek out specialist small business accountants who understand your needs and will take the time to get to know you and your business. One that can not only fulfil your accounting needs but who are accessible to offer ad-hoc advice as your business grows

With WIS, you can expect all of this and more. Aside from our considerable accounting expertise, we will act like a business partner and look out for your best interests. Our team genuinely cares about each and every one of our client’s businesses. When you work with us, we will be on hand from day one to provide support and advice whenever you need it. Together, we can help your small business to reach new heights.

Our small business accounting services in London

We can meet all your small business accounting needs now, and in the future.

Company formation – If you are a sole trader looking to progress to limited company status, we can take care of the necessary administration and ensure you understand your new responsibilities as a company director.

Payroll services – Outsource payroll to us and we can save hours of your time each month and make sure your staff are paid accurately, without the need to invest in costly software.

VAT returns – We can file your quarterly VAT returns in line with Making Tax Digital, to ensure you remain compliant and charge, pay and claim the right amount of VAT.

Bookkeeping – we can help streamline your bookkeeping to maintain accurate, accessible records of your income and outgoings.

Cloud accounting software – We are Gold Champion Xero partners and can help implement this powerful software into your small business.

Annual accounts – As your small business accountants, we will ensure your annual accounts are accurate and on time, avoiding costly fines.

Tax services – There’s more to tax than just company tax returns. We will make sure you never miss a deadline, but we can also ensure you make the most of tax planning opportunities to reduce your tax liability.

Company secretarial – To save you time and ensure you remain compliant, we can maintaining statutory records and file annual returns with Companies House, amongst other company secretarial duties.

Who we work with

We work with all sorts of small business owners at various stages of their business journey. No matter the size or niche of your small business, we can offer the valuable support you need to manage your finances and plan for growth.

We are also specialist accountants for clients in certain sectors, including London-based influencerse-commerce and fintech businesses.

Why choose WIS Accountancy for your small business in London?

WIS Accountancy can help you run your London-based small business with financial confidence. We provide comprehensive, expertly tailored accounting solutions for small businesses at every stage. More than just accountants, we set out to build solid relationships with our clients and provide strategic guidance to pave the way for sustainable growth.

Our dedicated team of small business accountants understands the unique challenges of London’s competitive environment and is committed to your success. From bookkeeping and payroll to tax advice and company secretarial services, we offer a one-stop shop for all your accounting needs.

Contact WIS Accountancy – trusted small business accountants in London

Contact WIS today to leverage our accounting expertise and unwavering support to unlock your small businesses’ full potential.

small business accounting guide
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Limited Company Vs Sole Trader – Tax Pros & Cons:

Frequently asked questions about small business accountancy

Do small businesses pay corporation tax?

Sole traders and partnerships must report their income via self-assessment and pay Income Tax.

A limited company, however, is legally distinct from its owner and must instead pay Corporation Tax to HMRC. It’s important to remember that as a limited company director, you may also have to pay Income Tax via self-assessment, if you have income other than your company salary, e.g. dividend income.

Read our blog who pays Corporation Tax in the UK? for further information.

Which is the best accounting software for a small business?

We, and 200,000+ other accountants, consider Xero accounting software to be the most efficient and user-friendly accounting system for small to medium-sized businesses.

Xero is linked straight to your bank account, allowing you to send invoices, upload expenses and get a real-time view of your accounts and your tax liability. Not only can it help keep your cash flow positive and create accurate budgets, it can automate your business processes, with thousands of useful add-ons.

Read our article benefits of Accounting Software for Small Businesses to learn more.

Why work with us for small business accountancy in London?

Why choose WIS Accountancy for your small business accounts? Here are a few reasons our clients choose us to manage their accounts:
award winning small business accountants

Award-winning accounting services

Our highly specialised and dedicated accountancy resources are ideal for smaller organisations like yours. We can help you become tax-efficient and support your business’s various financial processes. Our past awards nominations reflect the quality of the work we deliver for our business clients across a wide range of industries and niches. Call us now to get your company accounts completed with skill and expertise.

small business accounting team

We’re small business specialists

Our team has extensive experience supporting sole traders and small limited companies to take care of their monthly finances. From handling money in day-to-day bookkeeping to managing payroll, our accountants are equipped to work with you on your terms with your own dedicated accountancy team. Our proficiency has led to five-star rated services.

Xero for small businesses

Access to professional cloud accounting software

We use high-end, professional accounting software, like Xero, to ensure your finances are correctly managed. We cover the cost of Xero and similar online accounting software as part of our service, so reducing the amount you pay per month for your accounting services.

tax and bookkeeping for small businesses

Expertise in tax, payroll, and bookkeeping

We cover every aspect of small business finance, from processing of monthly VAT returns to offering financial advice on hiring, payroll and growth. Our award-winning expertise ensures you’re always in the loop regarding the best options and services for your business needs, and ensures your company’s VAT and accounts records are submitted to HMRC on time and error-free. That way, you avoid penalties.

Call our office on 020 301 1898 to cover the financial aspects of your business!

What is included in WIS Accountancy packages?

We currently offer three tiers of pre-built accountancy services at WIS, which provides our clients with an easy way to get the most out of our expertise. Contact us to acquire the packages we offer, which range from the basic package, offering 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 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:

Contact WIS Accountancy now!

To obtain an all-inclusive service, you can either call us on 0203 0111 898 or complete the contact form below for a call back and chat with an accountant from our committed team.