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.
VAT Recovery is on a mission to help small business owners tackle accounting and make the most of their profits. Our team of small business accountants is dedicated to taking the headache out of your finances so you can focus on the more fulfilling side of running your business. Whether it’s dealing with expenses, handling payroll, or unravelling the mystery that is VAT, we’ve got you covered. We’ll streamline your finances and keep you on track so you can keep setting and smashing your goals. Whether you’re an established firm, a sole trader or a plucky start-up, our expert accountants are here for you. Contact us today to ask about our accounting services for small businesses.
From dog groomers to tech start-ups, small to medium-sized businesses (SMEs) keep the economy ticking. Self-employed enterprises make up 99.9% of the UK’s business population, contribute over half of the nation’s turnover, and employ around 60% of the private sector workforce (source gov.uk). Wowsers. In the UK, a “small” business is a company with fewer than 50 employees and a turnover of less than £10 million per year. A “micro” business has fewer than 10 employees and a turnover of under £2 million per year. A “medium” business is one with 50 to 249 employees and a turnover of up to £50 million per year. SMEs can operate as sole traders, limited companies, or partnerships. Whichever category you fall into, and however small your business, your financial health deserves big attention.
Short answer: hell yeah. You don’t have to have one, but why make life harder for yourself? Sure, there’s a cost attached, but when you consider the long-term benefits, it’s an investment. Our experienced small business accountants will do more than just tick boxes and submit tax returns on time. They will actively help you save money, make smarter decisions, maximise your tax efficiency and meet your financial goals. Plus, with us on your side, you’ll never have to sweat missing a deadline. You know what? You’re worth it.
We offer many small business accounting services; here are just a few.
Keeping track of income, expenses, and every little detail is not everyone’s jam, but it’s crucial for your business. With our bookkeeping services, you can be sure everything is in order and that you have a clear sight of your numbers at all times.
At VAT Recovery, we think Xero is the best thing since sliced sourdough. With this cloud-based accounting software, you can keep your finances organised and at your fingertips – anytime, anywhere.
As a limited company, you must submit statutory year-end accounts to Companies House and HMRC. But it’s so much more than a box-ticking exercise – with our expert insight, you can review, reset, and plan for the year ahead.
If you are a small business with big ambitions, you need management accounts in your life. We’ll help you compile meaningful and actionable financial reports on a regular basis to help you make successful decisions.
With us in your corner, you need not fear VAT. We can give you advice on when to register, as well as help you compile and submit your VAT returns. To ensure you’re not out of pocket, we’ll help you claim back everything you’re owed, too.
Whether you’re a sole trader or a limited company, we can take the hassle out of paying tax and make sure you stay compliant. Our team are experts at whipping up both self-employed and corporation tax returns and will uncover every last deduction to help boost your profit.
Payroll: perhaps the most crucial but onerous business operation of all. Our payroll services can save you hours (and hours) of PAYE calculations and ensure your employees are paid correctly. We can also handle auto-enrolment (you can thank us later).
If you want to keep your home address private and make your business look more professional, use our registered office service. We’ll handle official correspondence on your behalf and ensure you stay on the right side of Companies House. Can’t see what you need? Not sure what you need? No worries; just contact us for advice.
Frequently asked questions about small business accountants
In our humble opinion, Xero is the gold standard for small business accounts software. It’s cloud-based, easy to use, and has everything you need to manage your business finances on the go.
If you’ve been doing it all and it’s getting overwhelming, that might be a cue to hire an accountant. Or, if your business is on the up and getting more complex, an accountant can help streamline everything and make sure it is tax-efficient. Whatever stage you’re at, we can tailor a small business accounting package for you.
We’ll need all invoices, sales receipts, bank statements, and other financial records like payroll and dividend records. Accounting software like Xero makes this job a whole lot easier. But don’t worry – once we’re on board, we’ll help you gather everything you need for a smooth and stress-free tax return.
All businesses are different, so we don’t offer cookie-cutter packages.
We work with a wide range of businesses on a national level and can give you the friendly and exprt accounting advice you need.
At VAT Recovery we are able to provide our clients with a wide selection of services.
You didn’t get in to business to fiddle around with payroll and HMRC forms. We offer FREE discovery calls to individuals, sole traders, limited companies and professional businesses.
