By Ashley Preen
February 12, 2019
Just a few days ago, The Business Desk reported that KPMG small business is closing down, leaving thousands of former KPMG small business clients with no small business services accountants to turn to. The company’s SBA Service, which launched only 5 years ago, will soon cease operation in the UK.
A KPMG spokesperson said that the company was “proposing to withdraw the provision of our Small Business Accounting (SBA) service in the U.K., which offers cloud-based bookkeeping to small and micro-businesses.”
As part of this process of KPMG small business closing down, small business clients will need to be transitioned to other reputable small business accountants in the UK. This is where Pearl Accountants comes in – we are a reputable chartered accountants with a small business accountancy service.
Our team can help you to keep on top of your small business’s finances, sort out your payroll, file your tax returns with HMRC, and minimise your tax liability. Why hire a full-time accountant when you can outsource to a reliable service like ours? All of our staff are highly trained, and we use cutting-edge software like Quickbooks and Xero software to help make the accounting process more seamless.
There are many reasons that former KPMG clients have chosen to come over to Pearl now that KPMG small business is closing down, but here are a few of the top reasons.
1. Easy transfer of books
Our accountants ensure that the transferal service is quick and easy, making the transition as seamless and hassle-free as possible for you during this turbulent time.
2. More care and attention
Although Pearl Accountants is not as big as KPMG, that is not necessarily a bad thing. Small businesses such as our own treat our customers with the best customer service – you are the people who keep our doors open! We also have the same skillsets and resources necessary to cater to the same clientele as KPMG’s small business service, so you can rest assured that you’ll be in good hands with Pearl!
3. End-to-end bookkeeping
We work with Xero software and other similar services to provide you with end-to-end bookkeeping services. All you need to do is supply us with your invoices and receipts and we’ll take care of the rest. We are official partners with Xero, and we recommend Xero software to all of our clients. For example, Xero software comes with a handy feature will allow you to estimate your own self-assessment tax liability, telling you roughly how much money to set aside for tax purposes every month.
4. Partners with Receipt Bank
We are also partners with the Receipt Bank app, a service which enables auto-entry of invoice and receipt information, making bookkeeping quicker and easier for small business owners.
5. Competitive rates
If you take a look at KPMG'S pricing and compare it to our own, you’ll find that our rates are more competitive and affordable in the current market.
6. Chartered Accountants
We are a firm of chartered accountants which is registered with the ICAEW. We have many years of experience and expertise, providing you with face-to-face meetings in a range of languages. We treat our clients with the care and respect that they deserve, unlike some larger corporate entities.
7. Minimising tax liability
Our business tax advice service can provide you with all the help and advice you need, also helping you to minimise your tax liability. Here at Pearl, we understand that you need to save every penny possible when running a business, which is why we act as business growth accountants who can help to scale your business rather than just crunch numbers. Many of our staff are former PwC staff, and are fully aware of all the tax reliefs and allowances that your small business is entitled to.
8. Dedicated accountants
With Pearl, you will get your own dedicated accountant who will provide you with unlimited face-to-face meetings, as well as additional support via phone, email, and video chat services. Your accountant will remind you of deadlines and compliances, ensuring that you don’t get caught out for silly mistakes by HMRC.
9. 30-day notice policy
We don’t want our clients to feel pressured into a long-lasting contract, which is why we offer a 30-day notice policy if you don’t feel that we are the right for you. Nonetheless, we are so confident in our small business accountants that we don’t think you’ll ever take this option!
10. Check out our testimonials!
On the fence about switching to us? Why not check out our extensive collection of testimonials from satisfied clients who have worked with us? Pearl Accountants has experience helping small businesses from all different fields and industries, whether we’re providing them with consultations or integrating Xero software into their workflows.
KPMG small business closing down means that we’re talking a lot about our small business accountancy services here, but we do also provide a number of additional services which can help your business to sustainably grow and manage its finances. We have staff with a vast wealth of experience, so why not check out some of these additional services?
1. Stock management software
If you’re finding it hard to keep track of your stock levels in your business, our dedicated accountants can provide you with stock management software which optimises your workflow and makes your business more efficient.
2. Part-time FD
Perhaps your company could do with FD services, but cannot afford to pay a full-time finance director. If so, our part-time FD services could be just what you need. Our part-time finance directors help you to grow your business sustainably, assisting with duties such as budgets and forecasts for the future.
3. Software integration
Whether its Quickbooks, Xero software, or Wordpress, our staff are experienced in software integration, providing your business with integrated software solutions which can make you more productive and efficient
We're glad our customers are happy with our products and services. Here's what some of them said about us...
Pearl Accountants are unique as you can get. They have a great one to one service and they always answer your queries in a fast and professional manner.
I find Pearl when I opened up my limited company. I was clueless, but Pearl Accountants kindly assisted me in the best way so I felt at ease and understood how the operation works.
Everything was explained clearly in detail and I could ask as many questions as I wanted. They were never rude or impatient, just happy to be there to help.
Naila MughalDirector
The client had previously missed a few deadlines with HMRC and Companies House and needed a hands on approach
Wanted to ensure they have a proactive team so that no deadlines were missed and full end to end bookkeeping carried out
Client was introduced to a dedicated accountant who filed all outstanding accounts and appealed for any penalties by HMRC
After being in business for years, I must admit that Pearl Accountants are far the best accountants I have worked with. They are helpful, friendly and trust worthy and most of all provide excellent tax advice.
They provide high-level client care. I would certainly recommend Pearl Accountants to all.
Bobby LiddarDirectorInvoice factoring complications led client to inaccurate bookkeeping and unclear of clear reporting requirements
Processing the invoicing system accurately with clear and transparent management reporting was key
Processing the invoicing system accurately with clear and transparent management reporting was key
Pearl Accountants have been my accountants for many years and have been a great asset to my businesses. They have a strong team and knowledge is second to none. Very happy with the service and professionalism from them. Will continue to recommend them to my network.
Huzefa BharmalDirectorPaying huge taxes without any tax efficiency and lack of understanding on various VAT aspects.
Minimise tax bills and ensure the business was compliant with HMRC and Companies House
As a startup graphic design company, we ensured the client used tax allowances and efficient payroll structures to withdraw money
Holborn based laser hair removal company joined us with a view to expanding their business on a large scale. They undertook accounting and advisory services which helped them grow above their rivals.
Holborn based laser hair removal company joined us with a view to expanding their business on a large scale. They undertook accounting and advisory services which helped them grow above their rivals.
Achieve a national presence and grow organically through current business model
We came on board and advised client on tailor made business strategies to achieve their online and brick and mortar presence.
We have been using Pearl Accountants for over 10 years and developed a very good business relationship. Very clear instructions with easy to follow accountancy system in place. Great expertise in tax efficiency, as well as business, grow and development services. One of the best-chartered accountants in town.
We have already recommended your services and will share our good experience with others in future.
It is always someone available on the phone but if not available at the time your accountant will always call you back.
Complete peace of mind with prompt and clear communication so no deadline missed.
Very satisfied.
Dalia SreiderieneClient was growing very fast with inability to keep track of growth with no cloud accounting setup and no integrations
Time saving on bookkeeping and clear vision of profitability management reports. Setup with cloud integrations.
Recommended a online cloud solution with time saving applications and clear breakdown of monthly profitability.
We recently migrated to Pearl Accountants from large national accounting firm. Transfer was easy and faultless. Friendly staff at Pearl lead us through the process with ease. Initially we were drawn to their service because of their attractive pricing structure. However it quickly became apparent to us that we were getting a lot more for our money than we initially thought as they are happy to stretch the engagement to all sorts of additional advice. Thumbs up to Pearl Accountants.
Alex TrbojevichManaging DirectorNo clear strategy for business growth or tax planning reduction techniques
To achieve business advisory, tax planning and accurate reporting requirements
Recommended a online cloud solution with time saving applications and clear breakdown of monthly profitability.
Our client, a well established practising solicitor in the UK required a headache free service to ensure their accounting requirements were met and cloud accounting solution setup
Harjap Singh BhangalDirectorToo much time was being consumed in bookkeeping and previous accountants missed various deadlines
More time was needed to focus on the business and ensure a firm came on board to take full ownership.
Advised client to forward us everything in ‘shoe box’ style and provided full breakdown regularly to keep informed.
They make me feel that I am a valued customer and to me what makes Pearl accountants unique is their helpful team of dedicated staff members. Their response is always prompt and it makes the daunting task of accounting really easy for me. Pearl Accountants is really a five-star accountant company.
Saira JafriDirectorAs a franchisee tuition business, the client did not have the right advise to reduce taxes or a proactive accountant to advise where needed
Reduction in taxes through governmental tax subsidiaries and requiring more time to focus on the business.
A dedicated accountant was assigned to ensure deadlines were not missed and review of tax strategies.
Our client was in need of a specialist contractor accountant to remain compliant and ensure they did not fall in IR35.
Client required advisory on payroll and VAT solutions and filing of accounts at year end.
Duaine Keith StewartNo clear direction on IR35 nor guidance on allowable expenses that could be claimed.
Ensure the contractor company was compliant with HMRC and Companies House and advisory on saving taxes.
Provided a full explanation and review on IR35 and guidance provided on which expenses could be claimed to reduce taxes
Our client having a property portfolio in Switzerland required a specialist accountant that understood the UK tax legislation whilst having a thorough understanding of overseas tax implications.
Marianne Comfort Overseas and UK income not declared, needed tax returns filed for previous years and appeal to HMRC for outstanding penalty
Paying taxes in the UK and overseas, wanted help understanding the tax system so avoid paying taxes twice.
Appealed successfully for prior years penalties and filed all outstanding returns. Thorough review of all tax allowances available.
Our client joined us after losing track of their finances and needed someone they could turn to for help. We came on board and reviewed their internal bookkeeping arrangements and recommended efficiency to lower their input on areas which could be outsourced to us.
Rosie AbrahamsDirectorNo real track of profitability or clear vision of expenditure along with weak internal processes.
To achieve a clear breakdown of expenditure and ensure the current setup for bookkeeping was run more efficiently.
Recommendation on reporting packs, internal processes and online applications to integrate for payment reconciliation.
Pearl Accountants are a team of specialists that can assist you with all your accounting and taxation needs in one place. From the first contact through to completion, our aim is to keep you informed and provide a simple, affordable solution for all your financial needs.
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