Small And Medium Business Accounting
We understand that small and medium businesses are the backbone of the economy. Our tailored small and medium business accounting solutions are designed to help you navigate the financial maze, from tax planning to cash flow management, ensuring your business stays on track for long-term success.
Dedicated Small And Medium Business Accountants
At Consultax, our mission is to empower small and medium business owners to take control of their finances and maximise their profits. Our dedicated team is here to lift the burden of accounting, allowing you to focus on the successful side of running your business.
From managing expenses and handling payroll to untangling the complexities of VAT, we’ve got everything covered. We’ll streamline your financial processes, keeping you on track to meet and exceed your goals.
Whether you have a well-established business, a sole trader, or just a start-up, our expert accountants are ready to support your journey to success.
What Is Classed As A Small And Medium Business?
A small and medium-sized business (SMB) is generally defined by its size in terms of revenue, number of employees, or both, though criteria can vary across industries and regions.
Typically:
Small businesses employ fewer than 50 people and generate modest annual revenue, while
Medium-sized enterprises have between 50 and 250 employees with higher, but still constrained, turnover.
These businesses are often considered the backbone of the economy, driving innovation, fostering local growth, and serving as vital links in global supply chains. Despite their smaller scale, SMBs often outperform expectations in adaptability and community impact.
Our Helpful Services
Maintenance Of Bookkeeping
Managing income, expenses, and every nitty-gritty detail might not be everyone’s cup of tea, but it’s the lifeline of a running business. With our top-notch bookkeeping services, you can rest assured that everything is smooth, giving you a crystal-clear view of your finances every step of the way.
Accounts Management
We ensure your finances are error-free, leaving no stone unturned. With our expertise, you’ll have a clear financial roadmap, helping you stay ahead of the curve and make informed decisions. Let us take the hassle out of managing your books so you can focus on what you do best-growing your business.
Payroll
Payroll often seems like a daunting task. Our comprehensive payroll services take the weight off your shoulders, saving you countless hours of PAYE calculations and guaranteeing accurate, timely payments for your employees.
VAT Returns
With us in your corner, VAT becomes seamless. From advising on when to register to compiling and submitting your returns, we ensure you stay on top. To keep you relaxed, we’ll help you reclaim every penny you’re owed, so you never leave money on the table.
Tax Returns
Whether you’re a sole trader or a limited company, we’ll take the headache out of taxes. Our seasoned experts excel at crafting self-employed and corporation tax returns, uncovering every possible deduction to give your profits a welcome boost while keeping you fully compliant.
Tax Planning And Advice
Navigating the world of taxes can feel like treading through a minefield, but with Consultax by your side, it’s smooth sailing. Our tailored tax planning services ensure you stay ahead of the curve, maximising savings while keeping you firmly on the right side of the law. From uncovering hidden opportunities to crafting strategies that align with your business goals, we help you make every penny count.
We are renowned for delivering 5-star accounting services. Trusted by businesses, we pride ourselves on going the extra mile to ensure your financials are in good condition, giving you the edge to stay ahead of the competition. You can count on us by giving:
Approachable – We’re approachable, friendly, and always ready to help with a smile.
Expertise With Precision – Decades of experience paired with meticulous attention to detail ensure nothing is overlooked.
Exceptional Value – We offer premium services tailored to your needs without breaking the bank.
Proactive Solutions – We anticipate your needs and provide forward-thinking advice to keep you ahead of the curve.
Trust And Transparency – Our honest, open approach means no surprises – just clear communication and reliable results.
Are You Ready To Get In Touch?
Frequently Asked Questions
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What is The Best Accounting Software For Small and Medium Businesses?
In our honest opinion, Xero sets the gold standard for business accounting software. It’s cloud-based, user-friendly, and packed with features to keep your finances running like clockwork. With Xero, you can manage your business accounts anytime, anywhere - making it the ultimate tool for staying on top.
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When Should I Need To Hire An Accountant?
It’s wise to hire an accountant as soon as you register your business. With expert guidance, you can keep tracks your records, stay on the right side of the law, and avoid paying a penny more in taxes than you need to.
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What Records List I Need To Keep?
It's crucial to keep a meticulous record of all financial transactions includes invoices, receipts, bank statements, payroll records, and any other relevant paperwork. These documents should be carefully stored for at least five years from the tax return deadline.
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How Do I Proceed Audit Preparation?
You should ensure that your financial records are accurate and current, maintain clear documentation for all transactions and abide by tax obligations. Consider hiring an accountant to help ensure that everything is in order.
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Are You A Dedicated Accountant For My Business?
Undoubtedly, our commitment is to delivering a top-tier service to our clients. You’ll have a dedicated point of contact that truly understands your business and will work hand-in-hand with you to meet all your accounting needs. We believe in building strong, lasting partnerships that help your business thrive.