Small Business Accounting Services
Effortlessly Manage Your Finances With Your Own Accountancy Team
Sign up to Mazuma and enjoy a market-leading small business accounting solution.
Our real, friendly experts use the best accounting technology to provide a hands-off, no-hassle accounting service for your small business. Our competitive monthly price plans make Mazuma an affordable option for small businesses and startups, whether you’re a small team or a solo business owner. Leave arduous accounting duties in the past and start your journey with Mazuma today.
Why Choose Mazuma For Your Small Business Accounting?
Your Own Accountancy Team
You’ll have a team of qualified accountants as your point of contact. They’ll get to know you as a client over time, enabling them to offer you tailored advice and help you achieve your small business goals. This personalised service is included in our monthly price plan.
Award-Winning Technology
We use popular, award-winning bookkeeping software to sort your accounts, tax, and VAT returns. This technology makes it much easier to keep your monthly finances in order – but don’t worry, you won’t be using it yourself. All you need to do is send your bills, receipts and invoices to your accountancy team.
Competitive Monthly Price Plans
We aim to offer an affordable-for-all small business accounting solution in the UK. Before you get started with us, you’ll be able to see what you’re paying for on a month-by-month basis. There are no surprise costs thrown in – all services are agreed to upfront in our monthly pricing plans.
Small Business Experts
Our online accounting service has been serving small businesses for over 15 years. We know what start-ups and small businesses are looking for in an accountant. We also understand that every company has its unique requirements, and we’re happy provide services to you that meet your specific needs.
No-Hassle Solution
As a small business owner, you have better, more enjoyable things to do than spending hours scratching your head over your financial responsibilities. Mazuma’s qualified accountants handle the entirety of your bookkeeping, giving you more time to focus on growing your business.
Making Tax Digital-Compliant
Our small business accounting services are built to work seamlessly with the Making Tax Digital platform. Failing to keep up with your digital recordkeeping could result in a fine or penalty. When you sign up with Mazuma, you can rest assured that our accountants will ensure you’re compliant with the new MTD rules.
We’ll Grow With You
You might be a small company right now – but the sky’s the limit, and Mazuma’s accounting service and software won’t hold you down. Our accounting services for small businesses are designed to make it easy to scale, whether you’re introducing a whole new service or adding to your team.
Error-Free Accounting
Handling your own accounts can be confusing, and it’s easy to make mistakes and slip-ups along the way. Combining our team of dedicated expert accountants with top-of-the-range automated software, we can significantly reduce the potential for errors on your accounts and tax reports.
See which of our packages is the best fit for you with this short quiz!
How Our Small Business Accounting Services Work
Wondering about the process after signing up with Mazuma? How easy to use is our accounting software? And how much work do you have to put in?
Rest assured that our service is designed to be as simple and low-commitment as possible for UK-based small business owners like yourself. We know that you’re looking for an expert who will handle your accounts and tax on your behalf, enabling you to spend more time doing the things you want to be doing.
Our process looks like this:
- You send us the paperwork we need, either online via our web portal or in the post (both options are free). This includes any proof of income or expenses your small business has accumulated, including receipts and invoices.
- Your accountancy team will manage your bookkeeping for you. We’ll take full responsibility for your accounts. Even payroll, VAT and bank reconciliations can be managed seamlessly by our experts.
- To keep you updated with their progress, your accountant will get in touch at the end of every month. You’ll receive an in-depth outline of your accounts, and your accountancy team can answer any questions you might have. There may be other services that your accountant feels you can benefit from, and they’ll suggest them to you during these catch-ups.
- At the end of the tax year, we’ll deal with the hassle of filing and submitting your returns to HMRC and/or Companies House using award-winning tax software.
Small Business Accounting Services
We offer a wide range of services that are designed to help small businesses with their finances, including:
Managed Bookkeeping
To stay on top of your bookkeeping month-by-month, you need our online managed bookkeeping solution. Our accountancy experts will take on this vital responsibility and make sure your accounts are up-to-date. You’ll receive a free monthly report and advice based on your financial progress.
Invoicing Software
If you’re looking for a simple way to make, send and chase invoices, our invoicing software is a must-have for your small company. Mazuma’s automated invoicing software comes free with all our accounting services. You can send invoices to clients and customers at the touch of a button with our easy-use platform.
Tax Returns
Our qualified accountants will complete and submit your personal and corporation tax returns, and accurately report your earnings, expenses, loans and additional factors that may affect your tax liability. We’ll sort your annual accountancy responsibilities and ensure your accounts are compliant with Making Tax Digital rules.
VAT Returns
Alongside your taxes, we’ll help you keep on top of your VAT calculations, if applicable to your company. We’ll ensure you’re on the right scheme and give you peace of mind that everything is accounted for accurately and with plenty of time to spare.
Payroll Services
Our in-house accountants offer a specialist payroll service, telling you who and what to pay, and helping you make sure your employees are paid on time. We’ll provide the payslips, deal with national insurance and pension contributions, and file your reports with HMRC. We’ll offer a complete payroll solution that keeps your employees as happy as your clients.
Free Advice & Monthly Reports
No matter which of our services your small business opts for, our free advice is part of the package. Our team of qualified accountants can assess your financial situation and offer tailored advice based on your goals, whether that’s growing your limited company, making the leap from self-employed to business owner, or becoming more tax efficient.
Work With Mazuma for Small Business Accounting
Setting up a small business is a huge milestone and something to be celebrated. But what many new small business owners don’t realise is that there’s much more to running a business than it seems.
You might have imagined that your days would be spent doing exactly what you love, whether that’s making and selling your own products or providing a friendly, tailored service to your local clients. But without an accountant, a large chunk of this time must be committed to keeping on top of your accounts and tax.
Chances are, you decided to start a business because you had a passion for a particular product or service, not because you were excitedly awaiting the tacked-on financial duties. But bookkeeping and accounts are a mandatory side-effect of owning a small business, and the more organised you can be, the better.
Thousands of small business owners across the UK consider hiring an accountant an essential monthly expense. At Mazuma, we’ve made sure our online accounting software is priced competitively to support a growing business.
Understanding the ins and outs of taxes and accounts can be challenging, especially with new requirements coming into play, such as Making Tax Digital. When you choose Mazuma as your accounting service, our qualified small business accountants will make sure you’re well aware of what’s required from you – and when the tax season comes around, we’ll do it all for you.
We’ll do more than just help you keep on top of your bookkeeping. We’ll offer monthly accounts reports, including tax efficiency reports. If saving money is important to you, our tax efficiency reports will help you to cut down on your yearly tax bill with just a few simple changes to your spending.
Free up your time and eliminate the day-to-day burden of bookkeeping.
Small Business Accounting Service: FAQs
What accounting services do small businesses need?
At the very least, we would recommend that you find an accounting solution that can manage your monthly bookkeeping, helping you file and record your income and expenses. We would also strongly recommend working with an accounting company that can submit your tax returns to HMRC and/or Companies House.
How much should a small business pay for accounting services?
As a small, growing business, every penny counts, and you must get plenty of value for money when you invest in an accounting service. It’s difficult to pinpoint an exact price you should pay, as small businesses are unique in their individual needs and goals. Our team of chartered accountants can tailor a monthly payment plan based on the services that suit you best.
What types of small businesses does Mazuma work with?
Whether you’re a self-employed individual who’s recently set up a limited company, or you’re a start-up or a limited liability partnership, our online accountancy firm offers a service tailored to you. We’ll handle the boring stuff, leaving you to focus on running your business to the best of your ability.
What are business accounting services?
Our chartered accountants offer a range of accounting services for small businesses. These include our managed bookkeeping service, invoicing software, tax returns, management accounts, payroll and VAT services, and statutory year-end accounts. You can choose as many services that apply to you from this list.
Unsure what you need? We’re happy to discuss your situation and suggest the best services to help your business achieve its goals.
Is there a minimum contract period?
No, you’re not tied into a minimum contract period when you sign up with our online accountancy firm. All you’ll need to do is pay our pre-arranged fixed monthly fee. You’re not obliged to work with us for a minimum set period of time.
If I leave Mazuma mid-way through the year, will I be entitled to a refund?
No. If you leave Mazuma in the middle of the year and haven’t reached your company year-end, you’re not entitled to receive a refund for the months of service you have already paid for or the work that has already been carried out for you. As we charge a flat monthly fee, not a yearly fee, you can simply stop paying for our service at the end of the current month.
What happens if I get started with Mazuma part-way through the financial year?
First off, you can join our accountancy company in the middle of the financial year, so don’t worry about waiting until the beginning of the following year! All it will mean is that our accountants will need to catch up with bookkeeping and accounts to get them up to date.
You would be charged for the months of catch-up that are required, and as soon as you’re up to date, you’ll just need to pay a fixed monthly price for our service. We simply ask that you have been a client of Mazuma for one year or have made the equivalent of 12 monthly payments for us to complete your year-end accounts and tax returns.
What if I need to switch accountants?
If you’re moving from your old accountancy firm to us, even easier! We’ll contact your existing accountant and ask for them to send over your records. You don’t need to do any of the chasing – we’ll handle the process from start to finish, making sure to obtain all the info we need to sign in to HMRC and manage your accounts on your behalf.
What are the benefits of using an online accounting service?
First and foremost, our chartered accountants can offer you peace of mind that your business accounts are accurate and up-to-date. You can also wave goodbye to tax returns when you work with our online accountancy company, and we’ll provide you with tax efficiency reports to help you reduce your overall tax bill.
Best of all, using Mazuma means that you can spend time doing the things you enjoy rather than stress yourself out over your finances.
What is Making Tax Digital?
If you’re a small limited company, you may have heard about Making Tax Digital (or MTD for short). But very soon the rules will apply to all businesses with a turnover of over £10,000. MTD means that you will now need to provide HMRC with an income and expenses summary every three months. Failing to keep up with this may result in fines or penalties.
The new MTD rules have incentivised many growing companies to hand their business accounts over to an expert accountancy firm. Our chartered accountants offer a full management accounts service, including handling your digital record keeping and annual accounts on your behalf.