Small And Medium Business Accounting
We understand that small and medium-sized businesses are the backbone of the economy. That’s
why our bespoke accounting solutions are designed around your success. Whether it is smart tax
planning, effective cash flow management, or strategic financial guidance, we help you make
confident decisions that drive your business forward.
Control your finances, drive your success.
Expert Accountants for Small and Medium Businesses
At Consultax, we help small and medium-sized business owners take control of their finances and
maximise their profits. Our dedicated team manages your accounting, allowing you to focus on
growing your business with confidence.
From handling expenses and payroll to simplifying VAT and ensuring financial compliance, we
streamline your processes and keep your business on track to achieve its goals.
Whether you are a start-up, a sole trader, or a well-established company, our expert accountants are
here to support your journey to success - every step of the way.
What Counts as a Small or Medium-Sized Business?
Small and medium-sized businesses (SMBs) are defined by their size usually in terms of employees, revenue, or both and the criteria can vary depending on the industry or region.
| Small Businesses | Medium-Sized Enterprises |
|---|---|
| Fewer than 50 employees with modest annual revenue. Typically focused on local operations with simpler organisational structures. | Between 50 and 250 employees with higher, but still limited turnover. Often include multiple departments, broader operations, and more structured management. |
SMBs are the backbone of the economy. They drive innovation, support local growth, and play an essential role in global supply chains. Despite their size, these businesses are often agile, resourceful, and make a real difference in their communities.
Our Expertise: Helpful Services at a Glance
At Consultax Chartered Accountants, we help small and medium-sized businesses take control of their finances and realise their full potential. From meticulous Book-Keeping to strategic financial planning, our expert team delivers solutions that keep your business compliant, efficient, and ready for growth.
Maintenance Of Book-Keeping
Accurately managing income, expenses, and the finer details of your finances is essential for any successful business. With our expert Book-Keeping services, you can be confident that your records are up to date and accurate, giving you a clear, real-time view of your financial position at every stage.
Accounts Management
We ensure your finances are accurate and transparent, providing a clear roadmap to help you stay ahead and make informed decisions. Our expert team removes the stress of managing your accounts, allowing you to focus on growing your business with confidence, efficiency, and peace of mind. With us, your financial success stays on track every step of the way.
Payroll
Payroll can often seem daunting, but our comprehensive payroll services make the process simple. We manage PAYE calculations, deductions, and ensure accurate, timely payments for your employees. By taking care of these complexities, we save you time and provide peace of mind, allowing you to focus on growing your business.
VAT Returns
We make VAT simple and stress-free. From advising on registration to preparing and submitting your returns, we ensure you remain fully compliant. Our expert team also helps you reclaim every penny you are entitled to, maximising your returns and ensuring nothing goes unclaimed. With Consultax, your VAT process is handled accurately, efficiently, and on time.
Tax Returns
Whether you are a sole trader or a limited company, we make the tax process simple. Our experienced team prepares self-assessment and corporation tax returns, identifying every possible deduction to maximise your profits while ensuring full compliance. Focus on your business with confidence, knowing your taxes are in expert hands.
Tax Planning and Advice
Navigating taxes can be complex, but Consultax makes it simple. Our tailored tax planning services help you stay ahead, maximise savings, and remain fully compliant. From identifying opportunities to developing strategies aligned with your business goals, we ensure every decision counts and every penny works hard for your success.
Accounting Excellence You Can Trust
We are renowned for delivering five-star accounting services. Trusted by businesses, we pride ourselves on going the extra mile to ensure your finances are in excellent condition, giving you the edge to stay ahead of the competition. You can count on us for:
- Approachable : We are friendly, approachable, and always ready to help.
- Expertise with Precision : Decades of experience combined with meticulous attention to detail ensure nothing is overlooked.
- Exceptional Value : We provide premium services tailored to your needs without breaking the bank.
- Proactive Solutions : We anticipate your needs and offer 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?
Quick & affordable, avoid errors and penalties, keep your finances organised with our expert accounting services & bespoke packages.
Frequently Asked Questions
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.
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.
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.
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.
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.