Best Small Business Accountants - Small Business Accountancy

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Are you a small business owner looking to streamline your financial management and ensure compliance with tax regulations? Look no further than GoForma. We understand the challenges you face in maintaining financial accounts, fulfilling tax obligations, and focusing on the growth of your business. That's why we're here to provide you with dedicated small business accountants and expert solutions that will empower your business to thrive.

How Small Businesses Can Benefit from Having an Accountant:

Running a small business requires careful and detailed financial management. By having an experienced accountant by your side, you can unlock numerous benefits. Small Business Accountants help you to:

  1. Maintain Accurate Records: Keeping track of your financial transactions, receipts, and invoices is crucial. A skilled accountant ensures that all your records are accurate and up-to-date, enabling you to make informed business decisions.
  2. Tax Regulations Compliance: Tax laws can be complex, and compliance is essential to avoid penalties. An accountant will help you understand your tax obligations, prepare your tax returns, and optimize your tax deductions, and submits your tax returns to HMRC saving you time and money.
  3. Focus on Core Business Activities: Small Business Accounting tasks can be time-consuming and distract you from essential business operations. By outsourcing your accounting needs to a professional, you can focus on growing your business and serving your customers better.
  4. Plan for the Future: Accountants for small businesses provide valuable insights into your financial performance, helping you make informed forecasts and develop strategies for business growth. They can also assist with budgeting, cash flow management, and financial planning.

What Expenses Can Small Businesses Claim?

As a small business owner, you may wonder which expenses are allowable for tax deductions. While the specifics may vary based on your business structure and industry, some common expenses that small businesses can claim include:

  1. Office Rent and Utilities: If you have a dedicated office space, rent and utility expenses can be claimed as business expenses.
  2. Equipment and Supplies: The cost of purchasing or leasing business equipment and machinery, as well as office supplies, can be deducted.
  3. Marketing and Advertising: Expenses related to advertising, printing, website development, online marketing campaigns, and promotional materials can be claimed.
  4. Travel and Accommodation: Business-related travel expenses, including transportation, accommodation, meals, and client entertainment, may be eligible for deductions.
  5. Professional Services: Fees paid to accountants, lawyers, consultants, and other professionals directly related to your business can be claimed.
  6. Training and Education: Costs associated with improving your professional skills or attending relevant conferences and seminars can be deductible.

Why Choose GoForma to Hire Small Business Accountants in UK?

At GoForma, we take pride in offering exceptional small business accounting services. Here's why you should choose us as your trusted accounting partner:

  1. Dedicated Accountant: Each client is assigned a dedicated accountant who understands the business and provide personalized support.
  2. Industry-Specific Expertise: We have extensive experience working with small businesses across various industries, allowing us to provide specialized advice and solutions.
  3. Competitive Pricing Packages: We offer transparent and competitive pricing packages that suit your business's requirements and budget, with no hidden costs. Our monthly fees
  4. Certified Accountants: Our team comprises qualified and certified accountants who stay up-to-date with the latest regulations, ensuring compliance and accuracy in your financial affairs.
  5. Partnership with FreeAgent Accounting Software: We have partnered with FreeAgent, the best accounting software for small businesses in the UK. Using this online accounting software, our accountants efficiently manages of your financial data and messy spreadsheets. Also, by integrating accounts with Freeagent, your accounting data can be integrated with numerous related apps, CRM, customer service, and email.

What does Our Accounting Services for Small Businesses Include?

GoForma offers a wide range of accounting services designed to meet the unique needs of small businesses. Our services include:

Self-Assessment Tax Returns:

We handle the preparation and filing of your self-assessment tax returns, ensuring accuracy and compliance with HMRC regulations.

Corporation Tax Returns:

If you operate as a limited company, our accountants will assist you with preparing and filing your corporation tax returns, optimizing your tax position.

Accounts Preparation:

We will prepare your annual accounts in compliance with tax laws and regulations, providing a clear picture of your business's financial performance.

Bookkeeping:

Our expert bookkeepers will record your business finances and transactions using best cloud-based accounting software like Freeagent, ensuring your records are accurate and up-to-date.

VAT Registration and Returns:

If your business is VAT-registered, we will manage your VAT registration process and handle your VAT returns, ensuring compliance with HMRC requirements.

Payroll:

Our payroll services includes accurate and timely processing of employee wages, tax deductions, and payroll reporting, keeping you compliant with payroll regulations.

Company Formation:

If you're starting a new business, we can assist with company setup, guiding you through the companies house registration process and ensuring all legal requirements are met.

Accounting Software for Small Businesses - FreeAgent

By integrating your accounting data with FreeAgent, we efficiently manage your financial data, enable real time synchronization, analyze your cashflow, and provide accurate financial reports. This integration provides you with a powerful tool to track income and expenses, manage invoicing, handle bank transactions, and gain valuable insights into your business's financial health. Below are other benefits of using FreeAgent:

  • User-Friendly Interface
  • Real-Time Collaboration
  • Automated Processes
  • Mobile Accessibility (Android and iOS apps)
  • Expense Tracking
  • Easy Invoicing
  • Bank Reconciliation
  • Insights and Reports
  • HMRC Compliance
  • Secure Data Storage
  • Third-Party Integrations

Factors Affecting Small Business Accounting Fees

  1. Business Size and Complexity: Larger and more complex businesses typically require more time and expertise, leading to higher accounting fees.
  2. Scope of Services: The range of accounting services needed, from basic bookkeeping to comprehensive financial analysis, affects the overall fees.
  3. Frequency of Reporting and Support: Businesses requiring regular reporting and ongoing support may face higher fees compared to those with less frequent needs.
  4. Industry-Specific Knowledge: Specialized industries may require accountants with specific expertise, potentially impacting accounting fees.
  5. Location and Firm Expertise: Accounting firms in major cities or with a strong reputation may have higher fees due to demand and expertise.
  6. Additional Services and Consultation: Value-added services like financial planning or tax strategy can lead to higher fees but provide valuable guidance.

Remember, while considering cost, it's important to focus on the value and expertise provided by the small business accounting firm. At GoForma, we offer transparent pricing and customized solutions tailored to your business's unique needs.

Accounting Packages for Small Businesses:

We offer flexible small business accounting packages. Whether you're a self-employed individual, sole trader, partnership, or limited company, we have a package that suits your requirements. Our packages include a combination of services such as bookkeeping, tax returns, payroll, and more.

Switching Small Business Accountants Made Easy with GoForma

Want to switch your small business accountant? Look no further than GoForma, your trusted partner for seamless and hassle-free accountant swtiching. We understand that switching accountants can be a daunting task, but with GoForma, the process is straightforward and stress-free. Our process includes:

  1. Initial Consultation: Get in touch with our team for an initial consultation. We'll discuss your accounting needs, understand your current situation, and tailor our services accordingly.
  2. Assessment and Planning: Our experts will analyze your existing financial records, ensuring a smooth transfer of data. We'll work with you to develop a customized plan that aligns with your business objectives.
  3. Communication with Previous Accountant: We will handle all communication with your previous accountant, ensuring a seamless transition. We'll request the necessary information and documentation required for a smooth handover.
  4. Data Transfer and Setup: Our team will assist you in transferring your financial data to our systems. We'll set up your accounts and ensure that all relevant information is securely migrated.
  5. Onboarding and Support: Once the transition is complete, our dedicated accountant will be available to provide you unlimited support for any questions or concerns you may have.

Contact GoForma today to discuss your accounting needs, request a consultation, and make the switch to a trusted partner that puts your business first.

Partner with GoForma for Expert Small Business Accountancy Services

With our dedicated team of certified accountants, industry-specific expertise, competitive pricing packages, and partnership with FreeAgent accounting software, we provide comprehensive accounting solutions tailored to your needs.

Don't just take our word for it; check our Google and Trustpilot Reviews to see what our clients have to say about our services. Take the next step to ensure your financial success and focus on growing your business by contacting GoForma today. Let us handle your accounting needs while you thrive in what you do best!

Customer
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1
Reviews
Trustpilot 5 start accountant rating logoVerified trustpilot review logo

Five stars for the great staff at…

Five stars for the great staff at Goforma. They provide a very professional, informative and friendly service. I would highly recommend this company.
Mar 20, 2023
Joe
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1
Reviews
Trustpilot 5 start accountant rating logoVerified trustpilot review logo

Super on top of things

Super on top of things, quick responses and regular check ups to see how things are going and can be helped. I had this as a recommendation but incredibly happy.
Jan 20, 2023
Tom Kaye
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21
Reviews
Trustpilot 5 start accountant rating logoVerified trustpilot review logo

Solid experience all round

Solid experience all round\n\nI've run 2 businesses before so I'm fairly familiar with what an accountant should do, but this time I was a solo-preneur and so my usual accountant was too much for my revenue. I decided to risk it and check them out. Have been happy with everything. The freeagent software is good and does most of the work, but if I do have a question I can send an email or book a call and then we run through things together.\n\nMy particular business is not very complex so it's perfect for me and if I do hire a few more people I can see that most of the services scale out well.
Nov 26, 2022
Fernbrook Consulting
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1
Reviews
Trustpilot 5 start accountant rating logoVerified trustpilot review logo

Fernbrook Consulting Engineers

The team at GoForma are very responsive and nothing ever seems like too much trouble for the team. Jawad and Jordan are very knowledgeable, and the filings are always accurate and prepared well in advance of submission deadlines. Highly recommended.
Jul 19, 2023
Sonam Singh
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2
Reviews
Trustpilot 5 start accountant rating logoVerified trustpilot review logo

It was a nice and easy onboarding…

It was a nice and easy onboarding process. Also the accountants were helpful if you had any questions.
Jul 19, 2023
Joe
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3
Reviews
Trustpilot 5 start accountant rating logoVerified trustpilot review logo

Informative, accurate and fast

I’ve been using goforma since the start of the year super helpful. Always someone on hand to answer queries. They also use an app to upload receipts it keeps everything tidy. The responses from them are informative, accurate and fast. Extremely happy with them.
Jul 14, 2023
Fujuan Hu
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2
Reviews
Trustpilot 5 start accountant rating logoVerified trustpilot review logo

Easy to Access

The sign-up process is straightforward, and all of the staff members are extremely friendly. The welcome meeting with the accountant was delightful.
Sep 9, 2023
Agnes
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3
Reviews
Trustpilot 5 start accountant rating logoVerified trustpilot review logo

Excellent experience with Goforma

Excellent experience with Goforma. Jordan has been very professional and very patient with me. He has great knowledge and always ready to help. It can be quite stressful at the beginning when starting a new company, but they definitely helped me to make it easy. I’m very glad that I found them, it is great to work with them. I cannot recommend them enough. They are the best!
Jul 23, 2023
Dominika Wrobel
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1
Reviews
Trustpilot 5 start accountant rating logoVerified trustpilot review logo

My experience with GoForma has been fab!

My experience with GoForma has been really great. I did a lot of research before committing to an accountant and wanted someone that specialises in IT contracting that offers mailing & address services. Prompt replies on any questions I have and timely filing of VAT etc. Highly recommend!
Jul 19, 2023
Ruxandra Gheordunescu
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11
Reviews
Google my business accounting 5 star rating logo

Absolute pros! Very approachable, knowledgable

Absolute pros! Very approachable, knowledgable and kind people, I highly recommend them!
Mar 28, 2023
Ryan Glaser
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26
Reviews
Google my business accounting 5 star rating logo

Highest level of service with results that meet and go beyond my expectation

I highly recommend GoForma because of they have produced the highest level of service with results that meet and go beyond my expectations. I wanted a simple way to acquire and consolidate the admin and different services my business needed. Jordan Macey - Head of Accounting ensured I was 100% satisfied through every step of the process, coming on board at exactly the right time to oversee my specific business architecture with super efficiently in the most helpful and professional way. Jordan's adaptability and insight added value immediately to my overall business strategy while reducing overall costs. More benefits are still to come and I look forward to working with GoForma. I feel confident I have gained a trusted highly qualified accredited partner. I am now a full customer using the mid-tier package.
Mar 8, 2023
Antonio Mercurio
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1
Reviews
Google my business accounting 5 star rating logo

Onboarding process very quick and efficient!

Excellent and Swift service! Onboarding process very quick and efficient! If you have problems the team is there to solve them as quickly as possible! A great experience and service!
Feb 9, 2023
Kate Scodellaro
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5
Reviews
Google my business accounting 5 star rating logo

I switched from a larger provided to Go Forma and am so glad I did

I switched from a larger provided to Go Forma and am so glad I did. Responsive, thorough and always willing to help.
Jan 18, 2023
Giancarlo Erra
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11
Reviews
Google my business accounting 5 star rating logo

My only regret is that I didn't move before!

I founded my company and did first year of accounting with a larger provider, that was cheaper and using their own accountancy software and not FreeAgent, and it's been a disaster. Not real interaction or customer care, and their software was a nightmare. I found about GoForma, their more 1-1 customer oriented approach, and FreeAgent that I found immediately much easier to use, and my only regret is that I didn't move before! Very welcoming, patient explaining everything, it just feels like they care. FreeAgent is amazing. Very happy to be with GoForma now that my company is starting gearing up.
Dec 4, 2022
Mariam Aarab
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1
Reviews
Google my business accounting 5 star rating logo

I recommend it to all UK companies

Really good service and Jawad is a great accountant The freeAgent software is fantastic I recommend it to all UK companies
Jun 1, 2022
Nick Clarke
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1
Reviews
Google my business accounting 5 star rating logo

I will definitely be choosing goforma going forward!

I had a consultation with Jawad from goforma for a self assessment and registration! He was super helpful and knew exactly what he needed to do! I will definitely be choosing goforma going forward! Thank you!
Apr 28, 2022
Matthew Byers
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1
Reviews
Google my business accounting 5 star rating logo

Readily available advice and support has been exactly what I needed

I am coming to the end of my first year running a limited company and this kind of hassle-free accountancy experience and readily available advice and support has been exactly what I needed.
Mar 16, 2022
Julio Rodas
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1
Reviews
Google my business accounting 5 star rating logo

Super simple and easy to work with GoForma

What a great service, super simple and easy to work with GoForma, if I could give more than 5 stars I would. They registered my company fast and without any problems.
Oct 1, 2021
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You may not know exactly what support you need when starting a business. We simplify the process by providing you with an accountant, London business address, free company incorporation and a range of partner offers.

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Build Your Own Package:

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Package Features

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Package
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Start
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Operate
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Grow
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Fees
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Company Registration
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Corporation tax return
Annual accounts
Payroll for 1 director
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VAT registration
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Personal Tax
Self assessment tax return for 1 director
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