Small Business Accountant

Accounting Services

Small Business Accountant
Work with an accountant who understands small business

We understand how a small business works
So as your Small Business Accountant we listen to you and what you want.

Cloud Accountiing Specialists

Small Business Accounting
Let's talk Business

Our job is to make your life easier
to provide solutions, not problems

Business Growth

Fixed Fee Small Business Accounting
Know how much your fees are!

Monthly fixed fee which includes general accounting advice
Call us - anytime

Small Business Accountant Package Costs

You need your small business accountant to work with you and help your business grow.
We believe in fixed costs so you know exactly what you will pay.
Choose your turnover and costs are per month + VAT.
You may have to pay a catch up amount if your end of year is near.

Per Month

Up to £85,000 Turnover

£70
INSTANT QUOTE
  • Small Business Accountant Package:
  • End of Year Company Accounts and Submission to HMRC
  • Registered Office
  • Companies House submission
  • Fixed Fees no hourly charges
  • Dedicated Local Accountant Team
  • Monthly Direct Debit
  • Inclusive of General Accounting Advice
  • Free Collection and return of accounting documents and records
Per Month

£85,000 - £200,000

£80
INSTANT QUOTE
  • Small Business Accountant Package:
  • End of Year Company Accounts and Submission to HMRC
  • Registered Office
  • Companies House submission
  • Fixed Fees no hourly charges
  • Dedicated Local Accountant Team
  • Monthly Direct Debit
  • Inclusive of General Accounting Advice
  • Free Collection and return of accounting documents and records
Per Month

£200,000-£400,000

£90
INSTANT QUOTE
  • Small Business Accountant Package:
  • End of Year Company Accounts and Submission to HMRC
  • Registered Office
  • Companies House submission
  • Fixed Fees no hourly charges
  • Dedicated Local Accountant Team
  • Monthly Direct Debit
  • Inclusive of General Accounting Advice
  • Free Collection and return of accounting documents and records
Per Month

£400,000 - £750,000

£100
INSTANT QUOTE
  • Small Business Accountant Package:
  • End of Year Company Accounts and Submission to HMRC
  • Registered Office
  • Companies House submission
  • Fixed Fees no hourly charges
  • Dedicated Local Accountant Team
  • Monthly Direct Debit
  • Inclusive of General Accounting Advice
  • Free Collection and return of accounting documents and records
Per Month

£750,000 +

BESPOKE QUOTE
INSTANT QUOTE
  • Contact us for a bespoke quotation with additional services.
Per Month

Dormant Companies

£25
INSTANT QUOTE
  • Contact us for a bespoke quotation with additional services.
Per Month

Payroll per employee

£7
INSTANT QUOTE
  • Staff payroll
  • Secure Payslip direct to employee
  • Pension management
  • Inc. P11D
  • Inc P60's
  • Discount for more than 3 employees
Per Month

VAT Submission

£20
INSTANT QUOTE
  • Checking your quarterly VAT book keeping
  • Submission of VAT Digital to HMRC
Per Year

Self Assessment from

£120
INSTANT QUOTE
  • Review of submission
  • Advice on what you can claim
  • Submission of annual self assesment

Why choose Merranti Accounting?

When your in business you
need to be able to talk to
people who can solve
problems, help you
grow your business and
most importantly understand
the issues you face.

Annual Tax Review

Each year we will meet with you to review your annual accounts & advise on how you can be tax efficient. Looking at Government schemes and tax claims making sure you can claim the maximum tax benefits.

Details

Dedicated Accounting Team

Having to explain yourself each time can get tedious, you will get your own dedicated accounting team who will know you, and your business,  and each time you will speak to the same person.

Details

Never miss a deadline

Leave it to us, our accounting package takes care of all the deadlines that you need to manage. We will ask you for the information and then we will deal it from there on.

Details
ABOUT US

We are Small Business Accountants

We can provide a complete range of services to support you and your small business, from £25 per month, with all your small business accounting needs to ensure you have the necessary information to run a successful business, whilst also ensuring that your statutory obligations are met and adhered to. We do this with agreed costs giving you peace of mind and absolute clarity over the prices you will be charged.

Instant Quote available online now

Our Small Business accountants are ready to assist whether you are a sole trader or a Limited Company.

Click on below that fits your profile to get your instant quote

You're looking for a simple self-assessment where you may have a property or other income, this starts from £120. Call us now on 01342 835667 where we will be able to help you.

CLICK HERE for your Instant online Sole Trader Quotation Our costs are competitive however its the advice on how to save tax payments that are key to our clients.

CLICK HERE for your INSTANT ONLINE LIMITED COMPANY QUOTE All our quotes include day to day general accounting advice, our fees are fixed with no hidden extras and payable monthly by direct debit.

I was frustrated with my previous accountant, and my bookkeeper recommended me Merranti Accounting Ltd. Excellent service and very professional. Stephen goes the extra mile and explain everything in an easy to understand way. Very happy and I highly recommend this firm.

Steve and Merranti have been Aim Hire’s accountants for many years now, and we have grown significantly, they have proven to be incredibly efficient and trustworthy in everything they do. There is no fuss, no hassle; they are just a great company to deal with, I highly recommend them.

A friend recommended me to use Merranti Accounting. I am pleased to be one of their clients, and I feel like I am in good hands, I think now, I don’t have to worry about what to do. Stephen and the team are very professional and honest, and those were the traits that sum up a good accountant.

The first firm of accountants I’ve found that genuinely go the extra mile. Their support during what have been an extremely challenging couple of years has been nothing short of exceptional. Friendly, approachable, flexible and jargon-free, I can’t recommend Merranti highly enough.

SMALL BUSINESS ACCOUNTANT

We are your Small Business Accountants and we want to help your business grow.

Our accounting services are from only £25 per month we provide small business accounting services and advice from your own dedicated accountant, we can work with you to reduce your tax payments and increase your profits. If your looking for an experienced and cost-effective small business Accountant then look no further, why not call us today at 01342 836557 and let's talk, alternatively get your Instant Accounting Quote.

Our services include
- Fixed Fees - no extra charges
- Dedicated Accountant - speak to the same person everytime
- Monthly Direct Debit interest free
- Inclusive of General Accounting Advice - call us anytime
- Specialist Tax advisory available
- Free collection and return of your Accounting Documents

Invaluable - That was how our latest small business client described us. It wasn't because we prepared a great set of accountants , it was because we helped them when their business needed it, we helped them restructure at a crucial point - And also we did their accounts for them. We help our clients, survive, thrive and grow

As specialist Small Business Accountants, we pride ourselves on the services we provide to our clients. Whether it is guidance on how to get the most out of QuickBooks or advice on any tax issues, we make sure that we are available to assist you, so that you can make informed decisions.

Annual Accounts - Merranti Accounting

Annual Accounts

We will prepare your accounts and talk you through the results, highlighting ...

Bookkeeping - Merranti Accounting

Bookkeeping

Everyone’s bookkeeping needs are different. At Merranti we are committed to providing ...

Company Secreterial - Merranti Accounting

Company Secretarial

Many administration roles must be adhered to but unfortunately, these do not ...

Buy, Sell or Merge - Merranti Accounting

Buy, Sell or Merge

When considering a new investment it is important to asses if it ...

Financial and Management Accounts - Merranti Accounting

Financial & Management Accounts

Merranti will work with you to develop management information on a regular ...

Investment Appraisals - Merranti Accounting

Investment Appraisals

An Investment Appraisal is usually the final stage of putting together a ...

Payroll - Merranti Accounting

Payroll

At Merranti we understand the importance of payroll. We can make sure ...

Tax Fee Protection - Merranti Accountin

Tax Fee Protection

HMRC Tax and VAT Investigations can be daunting, disruptive and expensive. Merranti ...

Tax Returns - Merranti Accounting

Tax Returns

Tax returns must be completed and filed with HM Revenue & Customs ...

VAT Services - Merranti Accounting

VAT Services

VAT is a complicated area and we have the expertise to ensure ...

Property - Merranti Accounting

Property

We know the difference between our per square foot and square metre, ...

Self Assessments - merranti Accounting

Self Assessments

We will take on this burden for you, helping to ensure you ...

WHAT'S THE DIFFERENCE

We have been in business first, and then we are accountants, we understand how your small business accounting works, the issues you face and how to help you make the most of what you have as well as where you want to go.

We are Pro-Active, not reactive. We can agree fixed costs with you, so you know what your bill will be rather than varying amounts.
We are based in Brighton to help your business and keep you informed.

About Us

Dedicated Accountant

Having your own dedicated small business accountant means you don’t have to keep explaining your business each time, deal with one person. Your dedicated Small Business Accountant team gets to know you and your business meaning their advice has a bigger benefit to you.

Business Advice

Merranti Consulting can offer expert business advice in various fields, we operate a team of experienced business consultants that are on hand to help your small business grow as provide recovery programmes. If you need a small business plan the we are on hand to assist.

Cloud Accounting Software

Your business, your choice, whether you want to work on Excel, Quickbooks, Xero or a specialised industry accounting program. Your software will the main source of accounting information giving you instantly up to date financial information. And, we provide full set up and training on all Cloud Software.

Fixed Accounting Fees

Unlike other Small Business Accountants, we offer Fixed Accounting Fees from the outset, so you know exactly what your accounting fees will be for the year. This gives you the ability to budget knowing that you can still talk to us and not worry about getting a bill every time. This way you have no surprises from your Accountant

RECENT PROJECTS

Below are just some of our most recent stories of who we have helped our clients.

IHT Planning

Family Investment Company

IHT Planning, London Accountants, Property Accountants
Merger & Acquisition London Accountant

Buy or not to Buy

London Accountants, Merger or Acquisition, Retail Accounting
Management Accounts London Accountants

London Retailer – Management Accounts

London Accountants, Managment Accountants, Retail Accounting

What Accounting does a small business need?

Small Business Accounting requirements depend on whether you are trading as a sole trader or a limited company.

As a sole trader, your accounting period will run from 6th April until the following 5th April. The accounting for the year will need to be reported by 31st January the next year. So trading of 6th April – 5th April 2021 would need to be reported to HMRC by the 31st January 2022.

This reporting will form part of your self-assessment.

A Limited company is very different, mainly because it in itself is a separate legal entity from the shareholders or directors.
Here are the main elements that you need to know for a Limited Company, all of which are covered by the Small Business Accounting package as standard.

INSTANT ACCOUNTANT QUOTE NOW

Registered Office

As part of a Limited company you need to have an address that you use as a registered office, this is where Companies House, HMRC and court papers would be sent. This is normally your accountant’s address.

Filing Company Accounts

AS well as filing your CT600 to HMRC you need to send filleted (accounts with reduced information) to Companies House which they hold and will be available to everyone. Often these are used for the credit rating of the company.

Corporation tax return

This is required to be filed each year 9 months after the companies end of the year, also referred to as a CT600. This will advise HMRC of your company figures as well as inform them of any corporation tax you need to pay.

Confirmation Statement

This needs to be reported annually to Companies House, which confirms the Directors and Shareholders as well as the registered office. This is done electronically

CONTACT US

Contact our Head Office

  • 01342 836557
  • smallbusinessaccouting@merranti.com
  • East Grinstead,London, Brighton and Reigate

Contact Us

    WHAT WE OFFER

    We offer the Small Business Accountants package that has the benefits most small business owners need they include:

    - Fixed Fees
    - Dedicated Accountant
    - Monthly Direct Debit
    - Inclusive of Accounting Advice
    - Specialist Tax advisory available

    Invaluable - That was how our latest client described us. It wasn't because we prepared a great set of accountants, it was because we helped them when their small business needed it, we helped them restructure at a crucial point - And also we did their accounts for them. We help our clients, survive, thrive and grow.

    INSTANT ACCOUTANT QUOTE NOW

    What is a small business?

    There is no classification for a small business or a small business accountant – to us you get the service you need to grow and one day – if you want – you can be big business. Our service will remain committed to providing what you need no matter how big, or small.

    Do you offer Business Advice Services?

    All Smal businesses need advice at some time, even if just to talk to someone like-minded to review the business to solve an issue or build a business plan for expansion, yes we can help with this. We are not just small business accountants – we are business people and with our knowledge and experience, we have helped our clients ...

    Do you deal with Bookkeeping?

    Yes, we do, we can deal with all your bookkeeping including VAT, CIS or just keeping on top of those receipts. We can receive just emails or just send them in the post – we work with you to make your life easier. We can set you up with cloud software you can operate from your phone or provide a ...

    Why Choose us?

    We have Accounting offices in London, East Grinstead, Reigate and Brighton however we deal with clients nationally and act as your Local Small Business Accountant. We can provide all local services you would expect from your Small Business Advisor near you, however, our costs are competitive as well as having fixed fees with inclusive of general accounting advice.

    Frequently Asked Questions

    Companies House in the UK is a vital government registry for all types of corporate entities. It serves as a hub for business information, promoting transparency, ensuring legal compliance, aiding in research, and supporting various business transactions. It plays a pivotal role in preventing fraud, monitoring business activities, and facilitating government tax collection. In essence, Companies House is essential for maintaining a transparent and well-regulated business environment in the UK.

    Financial reporting and auditing are governed by various regulations and standards:

    1. Financial Reporting:
      • UK Generally Accepted Accounting Practice (UK GAAP) and International Financial Reporting Standards (IFRS) guide how companies prepare financial statements.
      • Larger companies often use IFRS for consolidated financial statements.
    2. Auditing:
      • The Companies Act 2006 establishes legal requirements for company audits, auditor appointments, and audit reports.
      • Auditors follow International Standards on Auditing (ISAs) and UK-specific standards issued by the Financial Reporting Council (FRC).
      • The FRC oversees accounting and auditing standards, while other bodies like the Audit Quality Review (AQR) and Professional Oversight Board (POB) regulate audit firms.
    Keep in mind that regulations can change, and staying updated with the latest rules is important. The UK has been undergoing reforms to strengthen auditing and corporate governance, so it's essential to follow current developments.

    1. Personal Allowance: A certain amount of income is tax-free, known as the personal allowance. Beyond this threshold, income is subject to taxation.
    2. Basic Rate: Income above the personal allowance up to a certain threshold is taxed at the basic rate. This rate is typically lower than the higher tax bands.
    3. Higher Rate: Income above the basic rate threshold up to another threshold is taxed at a higher rate, which is greater than the basic rate.
    4. Additional Rate: Income above the higher rate threshold is subject to the additional rate, which is the highest rate of income tax in the UK.
    In addition to these basic rates, there are other tax considerations like the dividend tax and capital gains tax. The rates and thresholds may vary from year to year as determined by the government's fiscal policies.

    1. Register with HM Revenue and Customs (HMRC) as employers.
    2. Collect employee information, like names, addresses, and National Insurance numbers.
    3. Use payroll software to calculate and deduct Income Tax and National Insurance Contributions (NICs).
    4. Pay employees on time and provide payslips.
    5. Report earnings and deductions to HMRC using Real Time Information (RTI).
    6. Manage National Insurance Contributions for both employees and employers.
    7. Enroll eligible employees in a workplace pension scheme.
    8. Provide year-end forms like P60 and submit annual returns to HMRC.
    9. Keep payroll records for at least three years.
    Be aware that regulations may change, so staying informed and seeking professional guidance is crucial to ensure compliance

    To claim R&D tax credits in the UK:

    1. Ensure eligibility as a limited company engaged in qualifying R&D activities.
    2. Clearly identify R&D projects meeting criteria.
    3. Keep detailed records of R&D activities and costs.
    4. Calculate R&D costs (wages, subcontractors, consumables, etc.).
    5. Prepare your claim with a tax advisor.
    6. Submit your claim to HMRC online or via paper form.
    7. Await HMRC review and provide additional info if needed.
    8. Receive approved credits as a reduction in corporation tax or cash payment.
    9. Maintain R&D records for future claims.
    10. Consult a professional for expert guidance.

    In April 2023 the Corporation tax rate was raised from 19% to 25%. However, tax rates and regulations can change, so it's important to verify the current rate with Her Majesty's Revenue and Customs (HMRC) or a qualified tax professional. The due date for Corporation Tax in the UK typically depends on the company's accounting period. In general, Corporation Tax is due 9 months and 1 day after the end of the accounting period.

    The Construction Industry Scheme (CIS) in the UK regulates taxation within the construction sector. It involves contractors and subcontractors registering with HM Revenue and Customs. Contractors verify subcontractors' tax status before making payments, with deductions based on the subcontractor's status. Monthly reporting to HMRC is mandatory, and contractors must pay the deducted taxes. Compliance is crucial to avoid penalties, and end-of-year statements are provided to subcontractors. Disputes can be appealed with HMRC. CIS aims to enhance tax compliance and reduce evasion in the construction industry, ensuring accurate tax payments by subcontractors.

    Value Added Tax (VAT) is a consumption tax imposed at different stages of production and distribution, ultimately passed on to the end consumer. VAT registration is mandatory when a business reaches a specific annual turnover, typically set by each country, or when engaged in specific taxable activities. In some instances, voluntary registration is an option for businesses below the threshold but looking to recover input tax. The due dates for Value Added Tax (VAT) payments vary by country and can also depend on the specific circumstances of the business. In many countries, VAT payments are typically due on a regular basis, such as monthly, quarterly, or annually. The specific due dates are often determined by the tax authorities and can be influenced by factors like the business's turnover, industry, and filing frequency.

    Here are some common VAT payment schedules:

    1. Monthly: Some businesses, particularly those with high turnover, are required to remit VAT on a monthly basis.
    2. Quarterly: Many businesses, especially smaller ones, are on a quarterly VAT payment schedule.
    3. Annually: In certain cases, businesses with very low turnover may file and pay VAT annually.
    4. Custom Schedules: Some businesses with unique circumstances or international operations may have custom VAT payment schedules.
    It's essential for businesses to understand their specific VAT payment schedule, as well as the deadlines and requirements set by their country's tax authority. Missing VAT payment deadlines can lead to penalties and interest charges, so compliance is crucial.

    businesses can take various legal forms, including sole proprietorships, limited companies, partnerships, limited liability partnerships (LLPs), community interest companies (CICs), non-profit organizations, and franchise businesses. Each of these structures comes with distinct tax implications, making it essential for business planning. Sole proprietorships are straightforward but hold the owner personally liable for debts, subjecting profits to Income Tax. Limited companies are separate entities and pay Corporation Tax, with tax considerations for dividends and salaries. Partnerships distribute profits and losses among partners, who report this on their personal tax returns. LLPs combine limited liability and tax transparency. Community Interest Companies have unique tax rules due to their community-focused objectives, and non-profit organizations benefit from tax relief and exemptions. Selecting the right structure and effectively managing tax obligations are critical for business success. Business owners must grasp the tax intricacies associated with each structure, such as liability, tax rates, and eligibility for tax deductions and credits. Seeking guidance from tax professionals is often advisable to navigate these complexities, optimize tax planning, and make informed choices aligned with business objectives. Understanding the tax implications of the chosen structure is paramount for effective financial management and decision-making.

    Making Tax Digital (MTD) represents a fundamental transformation in how the UK manages its tax processes. This initiative mandates that businesses maintain digital records of their financial transactions and submit tax returns electronically. The significance of understanding and adhering to MTD requirements cannot be overstated. Compliance with MTD is a legal necessity, backed by the potential for penalties and fines imposed by HM Revenue and Customs (HMRC). By encouraging real-time financial record-keeping and digital submissions, MTD aims to enhance accuracy and efficiency, thereby reducing errors, late payments, and the risk of tax investigations. Furthermore, embracing MTD provides businesses with up-to-date financial data that can inform strategic decisions and financial planning. It also promotes financial transparency by offering a real-time view of tax obligations throughout the year, alleviating the stress traditionally associated with year-end tax filings. It is imperative for businesses and individuals in the UK to remain informed about MTD's evolving regulations, ensuring continued compliance and the full utilization of the benefits it offers in terms of accuracy, efficiency, and financial management.

    Claiming VAT on residential developments is not as straight forward as it seems, we strongly suggest you engage a Property Accountant when considering development as there are many pitfalls. As an example, only new build is Zero Rated where refurbishment, or conversion, from Commercial to Residential development is 5%. However there are many examples that vary, your contractors should charge you zero-rated or 5% dependent on producing an HMRC certificate confirming your status. It is common for materials and consultants to charge VAT. The type of build contract also varies the VAT. Further information can be found at HMRC Information or alternatively contact Steve Watts at Merranti Property Accounting.

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