- 9105 Access House, 141 Morden Road, Mitcham, CR4 4DG
- Mail: info@bnwaccountants.co.uk
- Unit 9105, 141 Access House, Modern Road, Mitcham,
- 0208 648 0800
- info@bnwaccountants.co.uk
Accountants For Small Businesses and SMEs
BNW Accountants are experienced small business accountants starting from £30 per month only. As chartered accountants for small businesses, we bring professional expertise to every client relationship, backed by full regulation from ICAEW, ACCA, and AAT. These credentials aren’t just letters after our names—they represent our commitment to maintaining the highest professional standards while serving your business.
Our role as UK small business accountants goes beyond basic compliance. We’ve built our practice specifically around the needs of small businesses, contractors, freelancers, startups, and self-employed individuals across the UK.
- Completion of your annual accounts and tax returns
- Dedicated accountant for small business
- MTD-ready accounting software
- 24/7 phone support
What Small Business Accounting Services We Offer
We’ve designed our service portfolio to cover every financial need your small business might have. Let me walk you through exactly how we support you across these critical areas.
Bookkeeping
Our bookkeeping services form the foundation of good financial management. We use cloud accounting for small businesses through platforms like Xero and FreeAgent, which means you can access your financial information anytime, anywhere. We handle all the transaction recording, bank reconciliation, and financial record-keeping that keeps your books accurate and up-to-date. This isn’t just about compliance—it’s about giving you real-time insights into your business performance so you can make informed decisions quickly.
Annual Accounts
Our annual accounts preparation service takes the stress out of year-end compliance. We prepare your statutory accounts in accordance with UK accounting standards and file them with Companies House on time. More importantly, we use this process as an opportunity to review your business performance, identify trends, and provide insights that help you plan for the year ahead.
Monthly Payroll
Our payroll services for small businesses handle everything from calculations to submissions, ensuring your employees are paid correctly and on time, every time. We manage PAYE, National Insurance contributions, pension auto-enrollment, and all the reporting requirements that come with employing people. Payroll errors can damage employee trust and create compliance issues, so we make sure everything runs smoothly. You focus on managing your team; we’ll make sure they’re paid properly.
Corporation Tax
When it comes to corporation tax return services, we ensure accuracy and timely filing so you never face penalties or interest charges. We don’t just fill in forms—we actively look for legitimate ways to minimize your tax liability through allowable deductions and reliefs you might not know about. Our goal is to ensure you pay exactly what you owe, not a penny more.
Financial Record Management
Accurate financial record management is the foundation that support all other accounting services. Our team track accounts receivable and payable and ensure your financial data remains current and audit-ready.
VAT
We handle VAT registration for small businesses quickly and efficiently, and our ongoing support with VAT returns ensures you meet all compliance requirements. VAT can be particularly tricky, with different rates, schemes, and rules depending on your business type. We help you understand which VAT scheme works best for your situation and manage all the quarterly submissions. As one client mentioned, our team has been “particularly helpful when dealing with VAT and accounts”.
How To Switch To Us?
We’ve made switching to us incredibly easy. Our three-minute onboarding process means you can get started quickly without mountains of paperwork or complicated procedures. We handle the transition from your existing accountant smoothly, taking care of all the technical details so you don’t have to worry about anything falling through the cracks.
STEP
01
Get Online Quote
Get an instant online quote for your required services to find out how much you'll be paying for services
STEP
02
Signup With Us
Now you will provide your registration details related to your business to signup to our services.
STEP
03
Services Confirmation
Our team will get in touch with you to confirm all the details and share useful information.
STEP
04
Final Onboarding
To get started with your services, we’ll get you set up, settled in and introduce you to your accountant.
We Help Startups and Established Small Businesses Grow
Our team includes experienced small business accountants in the UK who know the complexities of UK tax legislation inside out. We stay current with every change, every update, and every new regulation so you don’t have to. Whether you’re dealing with corporation tax, personal tax through self-assessment, or navigating the intricacies of VAT, we provide clear guidance that makes sense. That’s our approach—no jargon, no confusion, just clear explanations that help you make informed decisions.
Beyond tax compliance, we offer business advisory services UK that drive real growth. Strategic tax planning for SMEs helps you minimize liabilities while staying compliant, and we work with you to identify opportunities you might have missed. Our advisors help with business planning, cash flow forecasting, and growth strategies tailored to your specific situation. We’ve seen firsthand how the right financial advice at the right time can transform a struggling business into a thriving one.
Making Tax Digital for Small Businesses & SMEs
Making Tax Digital represents HMRC's most important transformation of self-employment taxation in over three decades. Managing taxes and financial obligations becomes nowhere near as stressful when expert small business accountants review your position and plan ahead. We make small business accounting effortless through proactive tax strategies, ongoing compliance support and customized guidance that addresses your specific circumstances throughout the year.
- Quarterly tax efficiency reviews
- Automated Record Keeping and HMRC Submissions
- Planning for corporation tax payments
We analyze your business finances every three months to assess income, expenses and tax obligations. These quarterly financial reviews help catch deductible expenses early before they slip through the cracks. Equipment purchases, travel costs and home office expenses are examples. Reviewing your finances quarterly allows us to adjust estimated tax payments to reflect actual earnings and avoid penalties. We spot opportunities for credits like the Research and Development Tax Credit to reduce your tax liability. This review cycle provides clarity to adapt your budget, reevaluate pricing strategies and plan growth investments based on actual performance. You avoid year-end scrambling to organize receipts and resolve accounts because everything stays updated throughout the year.
Digital record-keeping requirements mandate recording each transaction with date, amount and category using HMRC-recognized software. Our automated systems connect directly to your business bank accounts and import transactions while categorizing them correctly. You must maintain records for at least five years after submission deadlines.
We handle quarterly update submissions and ensure cumulative summaries reach HMRC by each deadline automatically. Evidence from MTD for VAT delivery shows businesses adapted to immediate digital records find the process makes getting tax affairs right first time easier and reduces error risks.
Federal income tax operates as a pay-as-you-go system that requires payments as you earn income. We help you estimate your annual income and taxes owed, then divide that total into manageable installments. Setting aside 25% to 30% of profit each time you receive payment works well. Move it into a separate account labeled for taxes. Making estimated payments throughout the year helps avoid underpayment penalties and reduces large year-end tax bills.
What Cloud Software We Use For Small Business Accounting
We use different cloud accounting softwares, including Xero Accounting Software and freeagent. Helping businesses choose the right accounting solution for there business and industry.
XERO
We use Xero for all our online accounting needs. It is more than just an online accounting system. It is also integrated with lots of other business applications and ecommerce platforms. You can also process online payment processing via Stripe and GoCardless. For banking, Xero connects to over 21,000 banks in 190 countries.
FreeAgent
FreeAgent – Simple online accounting software for Freelancers, Contractors and Small Businesses. FreeAgent automatically builds a business account from all the bank statements, invoices and expenses you have entered throughout the year. This makes it perfect for growing teams and businesses.
Sage and QuickBooks
We can set up a Sage account or a QuickBooks account for you. Sage have recently launched an AI automated feature to Sage Accounting called ‘Copilot’ which automates many of the tasks within the package. The same can be said for the mobile apps for the QuickBooks software.
Checkout Our Great Reviews
Our client base spans over 1,000 businesses in the UK and reflects years of dedicated service to small businesses in a variety of sectors. This reach positions us to understand challenges specific to your industry. We bring insights from parallel sectors that often lead to innovative solutions. We’ve supported this entrepreneurial wave by providing accounting services tailored for small businesses whatever their stage or structure.
Whats included with our Small Business Accounting Package
- Completion of your annual accounts and tax returns
- Completion of your tax returns
- Completion and submission of vat returns
- Completion of your Financial Statements
- Completion of your Corporation Tax Return
- Audit and reviews of your bookkeeping data
- Tax advice and guide to help maximize tax-efficiency
- Completion of Companies House Confirmation Statements
- Tax payment and filing reminders