At Thomas Nock Martin, we work with hundreds of small businesses across the UK
Many owners feel overwhelmed when it comes to choosing the right financial services.
But the truth is: the right accountancy services don’t just keep you compliant – they fuel growth, save money, and increase confidence.
Here’s our expert breakdown of the 10 most important accountancy services for UK SMEs in 2025 and beyond.
1. Tax Compliance and Planning
Keeping up with tax laws is time-consuming – but getting it wrong is expensive. We help you:
- Understand HMRC obligations.
- Avoid penalties and missed deadlines.
- Identify allowable expenses and reliefs.
- Plan proactively to reduce your tax bill.
Tax planning for small businesses isn’t about reacting in April – it’s about making decisions all year round.
2. Bookkeeping for Daily Visibility
Good bookkeeping underpins everything. It gives you control over:
- Cash flow tracking.
- Expense management.
- Real-time profitability insights.
We set up digital tools that streamline your records and keep your financials clean. As your business scales, good bookkeeping becomes a non-negotiable foundation.
3. Financial Statement Preparation
Your profit and loss, balance sheet, and cash flow statements aren’t just paperwork – they’re tools for decision-making.
We prepare these monthly or quarterly, giving you the financial clarity to:
- Secure funding.
- Spot growth opportunities.
- Make strategic decisions confidently.
10 Essential Accountancy Service …
4. Payroll Management
Accurate, compliant payroll protects both your staff and your business. Our payroll services ensure:
- Employees are paid on time.
- HMRC deductions are correct.
- RTI submissions are filed.
- Pension contributions are tracked.
You stay compliant, and your team stays happy – with zero admin stress.
5. VAT Services and Compliance
If your turnover exceeds the VAT threshold, registration is mandatory. But that’s just the beginning.
We handle:
- VAT registration and scheme selection.
- Quarterly VAT returns.
- Digital submission (MTD).
- Identifying deductible VAT expenses.
We demystify VAT and protect you from costly filing mistakes.
6. Business Advisory for Growth
Beyond the numbers, you need strategy. Our SME accounting solutions include:
- Budget creation and forecasting.
- Strategic planning sessions.
- Margin improvement insights.
- Exit strategy and succession planning.
We translate your financials into clear actions that drive long-term growth.
7. Cash Flow Forecasting
Cash flow is the single biggest challenge for many small businesses.
Our forecasting services help you:
- Predict highs and lows.
- Avoid shortfalls.
- Plan investments with confidence.
- Know when to raise capital or reduce costs.
With our help, you won’t just survive – you’ll scale smartly.
8. Audit and Assurance Services
Even if you’re not legally required to audit, a voluntary audit adds:
- Financial transparency.
- Operational risk management.
- Stronger stakeholder trust.
- Greater internal control.
Our audits aren’t just about compliance – they-re about optimising performance.
9. Incorporation and Structure Advice
Starting a new venture or restructuring?
We guide you on:
- Limited company vs sole trader decisions.
- Director responsibilities.
- Share structure and ownership.
- Legal and tax implications.
From setup to submission, we simplify the process and help you build on solid ground.
10. Year-Round Tax Strategy and Support
Tax shouldn’t just be a once-a-year event. With year-round support, we help you:
- Maximise reliefs.
- Reduce liabilities.
- Keep your accounts ready for submission.
- Make tax season stress-free.
With our expert input, you stay ahead of HMRC – and ahead of your competitors.
FAQs – Accountancy Services for UK SMEs
1. What accountancy services do I need as a startup?
Start with bookkeeping, tax registration, and financial reporting. As you grow, add payroll, forecasting, and strategic planning.
2. Can I outsource everything?
Yes. Many of our clients outsource 100% of their finance function, including VAT returns, payroll, and tax submissions.
3. How often should I review my financials?
We recommend monthly management reports for small businesses. They keep you agile and informed.
4. Is software included in your service?
Yes. We support Xero, QuickBooks, and other leading tools – included in many of our packages.
5. What’s the cost of accountancy services for a small business?
Our plans are tailored. Pricing depends on your size, industry, and services needed – but the return on investment is always clear.
Final Thoughts from Thomas Nock Martin
Whether you’re just starting out or scaling up, the right accountancy services can transform how you run your business.
At Thomas Nock Martin, we offer proactive, tailored support for SMEs across the UK – with expertise that delivers real results.
Contact us
Call: 01384 261300
Email: mail@tnmca.com to speak to one of our advisors today.
