What are Small Business Accounting services?
Our vision and our achievements:
- Over one hundred ‘5 star’ “client satisfaction reviews” Save time, stay organised and Transform into a profitable business
- Business excellence award winners for 2023 for “Most Client-Focused Business Tax & Accounting firm” knowing you’re in safe hands
- 10 years of experience with HMRC and our client service guarantee, maximising your tax allowances
We go one step further for our clients.
What is small business accounting?
An important part of an accounting system for a small business is to enable business owners to record, analyse, and interpret the financial information to make an informed decision. Accounting records have to be correct so that a business can keeps track of its operations.
One of the most important reports for business owners is the profit and loss account. This can give a snap shot of the sales and expenses of a business for a given period.
Why should I hire you?
Our team of accountants are experts in small business accounting such as accounts receivables, accounts payable, bank reconciliations and payroll processing.
Our professional accountants and tax experts understand what it takes to remain competitive and profitable in the fast-paced business environment of today. You can trust us to work with you as your principal accounting provider, or as part of a bigger group.
Our dedication to customer service is unreserved, and we boast a high client retention rate that is unmatched in the accounting sector.
At GM Professional Accountants, we specialize in small business accounting and always strive to offer the best possible business services. Other than helping with your annual tax return, we also offer full-service, year-round accounting services that give you the best advice on growing wealth, increasing profitability and making the right choices for the future.
In short, our accountants go out of their way to provide you with correct innovative and strategic information in a timely fashion.
Choosing the best accountants?
With all the accountants claiming to be the best in the industry, it can be challenging to choose the right accountant for your small business. One of the most crucial things you need to consider is the accounting firm you settle for is specialised in small businesses. You want a company that understands how you operate as it is likely to serve you better.
Another important thing you have to consider is certification. Your accounting firm should have certified public accountants who can offer useful advice to your small business.
Using references, or the word-of-mouth method is yet another way of finding the best accountants for your business. GM Professional accountants have over 100 5 star reviews. this shows our committeemen to our clients.
Reading reviews on Google is also an often used method of finding good accountants. Reviews are usually from the accountants’ clients, and they can give you valuable information about the accountant that you are looking to hire.
Can you trust your accountant?
Do you like your business accountant? Or better still, do you trust your accountant? Your accountant plays a crucial role in guiding the financial well-being of your company. There, you must be able to trust your accountant and know that they will be there for you when you need them most.
Trust is even more important when it comes to meeting deadlines. As you know, business deadlines are critical. If the accountant needs to finish a project or prepare a report by a certain date, it has to be done. To know whether or not you can trust your accountant, talk to the accountant’s other clients to get an insight into their turn-around time or timeliness.
GM professional accountants send out regular reminder and have tax tips to keep you up to date with the latest changes.
Has your Accountant got the relevant experience?
Your accountant will have unfettered access to the financial records of your company. This is why you need to be sure that they are experienced and qualified enough to be trusted with this task. Apart from their experience, find out the qualification and skills they have. It’s advantageous if they have previous experience or knowledge of your business field. Do they have any connections that could help your business? Does your accountant have contact with legal advisors and solicitors, local banks and manage suppliers and clients that may be of benefit to your business? Experience is significant, and it’s going to help your business a great deal.
Can you do your own limited company accounts?
The straight answer to this is yes. In fact, as a limited company owner, there is no law that demands that you hire an accountant. However, doing your own books has two critical disadvantages.
The first one is that bookkeeping can be a significant distraction to the main purpose of your business. You are likely to take time away from critical business dealings that could be improving and enhancing your bottom line.
The second drawback is that, even if you do possess bookkeeping and accounting skills, you can mess up your books. This will mean either of two things: you hire a professional accountant to fix it, or you pay a costly price regarding taxes.
Our Accounting and tax packages explained
Here at GM Professional Accountants, we offer accounting services specifically tailored to meet the needs of small business owners. We treat our customers as more than simple financial records. That is because we understand that your business is more than just your livelihood. We understand that it embodies your dreams, your hard work, and your passions. Whether you want us to file your tax returns, or you want professional advice to take your business to the next level, you can count on our accounting experts to be of help to you.
