Small Business Accountants
As a small business owner, you’re a pro at juggling priorities. But bookkeeping, tax returns, and VAT are enough to make even the best multitasker groan. It’s not what you signed up for, right? Make your life easier with our small business accountancy services.
Dedicated Small Business Accountants
SevenStars Accounting is fully committed to helping small business owners conquer the challenges of accounting and effectively maximize their profits. Our team of specialist small business accountants is dedicated to removing the stress from your finances so you can concentrate entirely on the more rewarding aspects of operating your company.
Whether the task involves managing expenses, handling complex payroll, or simplifying the puzzle that is VAT, we offer complete coverage. We will organize your finances and keep your compliance on track so you can consistently set and achieve your business goals.
Whether you are an established company, a sole trader, or a dynamic start-up, our expert accountants are here to support you. Contact us today to inquire about our accounting services for small businesses.
What is classed as a small business?
From local dog groomers to high-tech start-ups, small to medium-sized enterprises (SMEs) are the engine of the economy. Self-employed enterprises represent 99.9% of the UK’s business community, contribute more than half of the nation’s total turnover, and employ roughly 60% of the private sector workforce (source gov.uk). That is truly impressive.
In the UK, a “small” business is defined as a company with fewer than 50 employees and an annual turnover of less than $£10$ million.
A “micro” business has fewer than 10 employees and an annual turnover of under $£2$ million.
A “medium” business is one with between 50 and 249 employees and an annual turnover up to $£50$ million.
SMEs can operate as sole traders, limited companies, or partnerships. Regardless of the category you fall into, and no matter how small your enterprise may be, its financial health deserves significant attention.
Is it worth getting an accountant for a small business?
Short answer: absolutely yes. While retaining an accountant is not legally mandatory, why choose to make life unnecessarily difficult for yourself? Certainly, there is a fee involved, but when you consider the considerable long-term advantages, it represents a sound investment.
Our experienced small business accountants will go beyond simply checking boxes and filing tax returns promptly. They will actively help you conserve money, make more insightful decisions, optimize your tax efficiency, and reach your specified financial objectives.
Furthermore, with our expertise supporting you, you will never have to worry about missing an important deadline. You deserve that peace of mind.
Our Small Business Accountancy Services
We provide an extensive range of small business accounting services; below are just a few examples.
Bookkeeping
Keeping accurate records of income, expenditure, and every minor detail is not everyone’s passion, but it is fundamentally vital for your business success. With our bookkeeping services, you can be assured that everything is organized correctly and that you maintain clear visibility of your financial figures at all times.
Cloud Accounting Software
At SevenStars Accounting, we consider Xero to be an absolute game-changer. Using this cloud-based accounting software, you can keep all your finances systematically organized and accessible at your fingertips—anytime, from anywhere.
Annual Accounts
If you operate as a limited company, you are legally required to submit statutory year-end accounts to Companies House and HMRC. However, this is far more than just a compliance task—with our expert analysis, you can effectively review your performance, reset your strategies, and meticulously plan for the upcoming year.
Management Accounts
If you run a small business with significant growth aspirations, you must incorporate management accounts into your routine. We will assist you in compiling meaningful and actionable financial reports on a regular basis to empower you to make successful, informed decisions.
VAT Returns
With us on your team, you have no reason to fear VAT. We can advise you on the correct time to register, as well as help you compile and submit your VAT returns. To ensure you don’t lose out financially, we will also help you successfully reclaim everything you are rightfully owed.
Tax Returns
Whether you are classified as a sole trader or a limited company, we can eliminate the complexity involved in paying tax and guarantee you remain fully compliant. Our team members are specialists at preparing both self-employed and corporation tax returns and will identify every potential deduction to help you significantly boost your profit.
Payroll and PAYE
Payroll: arguably the most essential, yet burdensome, business operation of all. Our payroll services can save you countless hours of PAYE calculations and ensure your employees receive correct and timely payments. We can also manage auto-enrolment for pensions (you can express your gratitude later).
Registered Office
If you prefer to keep your residential address confidential and enhance the professional image of your business, utilize our registered office service. We will manage all official correspondence on your behalf and ensure you remain fully compliant with the requirements of Companies House.
Can’t find the specific service you need? Unsure exactly what support you require? No problem; simply contact us for personalized advice.
Frequently Asked Questions about Small Business Accountants
What accounting software is best for small businesses?
In our professional assessment, Xero stands as the gold standard for small business accounting software. It is cloud-based, intuitive to navigate, and provides everything necessary to manage your business finances while you are on the move.
When should you hire small business accountants?
If you have been managing everything solo and the workload is starting to feel overwhelming, that may be a clear signal to hire an accountant. Alternatively, if your business is growing rapidly and becoming more structurally complex, an accountant can help streamline all processes and ensure maximum tax efficiency. Regardless of the stage your business is currently at, we can customize a small business accounting package tailored precisely to your needs.
What do I need to give my accountant for small business tax returns?
We will require all sales invoices, expenditure receipts, bank statements, and other financial records, such as payroll and dividend documentation. Accounting software like Xero simplifies this entire process considerably. But rest assured—once we are engaged, we will help you gather everything necessary for a smooth and completely stress-free tax return submission.
How much do small business accountants cost?
Every business is unique, so we avoid offering standardized, one-size-fits-all packages. Our prices begin at $£130$ per month for limited company accounting services, but we are happy to modify your package to include all the services you need and exclude any that you don’t.
Why choose us for your business bookkeeping services?
We're approachable — we understand that accounting can be intimidating and daunting, but our friendly team are always on hand to offer advice and peace of mind.
We're experienced — with many years of general practice experience, there's no query we can't handle.
We're cost effective — not only can we save you money, but we also believe in offering an excellent service at an excellent price.
Give yourself more time to spend on your business by letting us handle your bookkeeping efficiently and cost-effectively.
