Small Business Accounting Services

How Passman Leonard Chartered Certified Accountants can support your growing business
Chartered Certified Accountants Chartered Tax Advisors
ACCA / ICAEW Accredited Over 20 Years’ Experience
Proactive, Professional and Reliable
Chartered Certified Accountants
Chartered Tax Advisors
ACCA / ICAEW Accredited
Over 20 Years’ Experience
Proactive, Professional and Reliable

Running a small business is no small feat. The responsibilities are numerous, and among them, managing your finances is paramount. Ensuring you have the right small business accounting services on hand is vital for maintaining your business’s financial health.

From invoices and expenses to financial forecasting and tax liabilities, there’s likely an aspect of your current accounting setup that’s costing you time, money, or both.

If you run a small business, you’ll know how important accurate bookkeeping is. This is where Passman Leonard comes in – our team of qualified small business accountants in London offers the reliable support you need to stay financially on track.

Whether you are a start-up or established, a sole trader or a limited company, accounting is about making informed decisions to drive your business forward. Many small business owners lack the time, expertise, or resources to manage their financial business needs effectively and working with an accountant who specialises in small businesses will streamline your financial operations.

Business Accounting Advice at Passman Leonard

Why choose Passman Leonard as your Small Business Account in London?

Small businesses come in all shapes and sizes, each with unique needs. Passman Leonard understands that one-size-fits-all solutions do not work, which is why we offer tailored, dedicated accountant services that align with your specific industry, size, and goals.

This customised approach ensures that you get the expert support you need, no matter how niche your business may be. And, because we are specialist small business accountants, we will do more than just handle your processes and numbers.

Our Comprehensive Accounting Services

We offer a broad range of small business accountancy services that are tailored for small businesses for a fixed monthly fee. These include:

Resolving HMRC Tax investigations Financial planning
Company formation Bookkeeping services
Management accounts Tax planning advice
Tax returns VAT returns
Online Accounting Software Integration CIS returns
Payroll services

The expertise and extensive industry experience of our small business accountants in London allow us to customise our services to meet your evolving business needs as you grow.

With Passman Leonard’s monthly fee structure, you can plan your finances more effectively. Knowing exactly what you’ll pay each month for our accounting services allows you to budget with confidence, eliminating the stress of unexpected fees.

Small Business Accounting Services

Business Bank Account

We always advise small businesses to have a separate business bank account. This helps capture business income and expenses accurately, which is essential for clear financial tracking. And with HMRC’s Making Tax Digital (MTD) reporting coming into effect from April 2026, having a dedicated business bank account will simplify your digital tax reporting and compliance. Find out more in our blog: What is making tax digital for income tax?

VAT Returns

If your business income exceeds the VAT threshold of £90,000, having a separate business bank account is crucial. It will simplify VAT reporting by ensuring that only business transactions are recorded, making it easier to identify and categorise VAT-relevant transactions. Accurate records help in calculating the correct amount of VAT owed or reclaimable, ensuring compliance with tax regulations and avoiding penalties.

Payroll Services

Managing payroll can be a complex and time-consuming task for small business owners. Passman Leonard offers comprehensive payroll services to ensure your employees are paid accurately and on time. We handle everything from calculating wages and withholding taxes to filing payroll tax returns and managing deductions.

Year-End Tax Returns

Passman Leonard’s expert accountants take the burden of annual tax returns off your shoulders, ensuring that both your VAT and annual tax returns are accurate, timely inline with deadline reminders and in compliance with all tax laws. This allows you to focus on growing your business while we handle the complexities of tax preparation and reporting, keeping your business in good standing with tax authorities.

Accounting Software Integration

In today’s digital age, accounting software plays a pivotal role in financial management. Passman Leonard is well-versed in a variety of online accounting software solutions such as Xero, helping you choose the right one for your business and ensuring seamless integration. This bookkeeping software streamlines your financial processes and makes record-keeping more efficient.

Tax Efficiency

Maximising profit and minimising tax is key for any small business. Passman Leonard’s experts offer tailored tax advice and planning, helping you claim legitimate deductions, credits, and exemptions. We’ll reduce your tax burden while keeping your business compliant.

Managing Cash Flow

Cash flow management is crucial for small businesses. With Passman Leonard’s monthly fee structure, you can plan your finances more effectively. Knowing exactly what you’ll pay each month for our accounting services allows you to budget with confidence, eliminating the stress of unexpected fees.

Passman Leonard Testimonials
Superb business partners. I’ve been working with Passman Leonard for close to three years now. Puja and Ewelina are brilliant to work with and have helped us enormously.

Let us help get your small business started today

At Passman Leonard we do not just offer short-term solutions – our expert accountants aim to build long-term partnerships with small business owners. As your business evolves and grows, our expert advice and support will evolve with you. This continuity ensures that your financial strategy remains aligned with your business goals.

One of the primary goals of any small business is to maximise profits while minimising tax liabilities. Our accountancy firm experts provide tax advice and planning on legitimate deductions, credits, and exemptions that can reduce your tax burden while keeping your business in good standing with tax authorities.

If you’re a small business owner looking to optimise your financial management, partnering with Passman Leonard is the way forward. Our dedication to your success and our expertise in small business accounting will help you achieve your financial goals while you focus on growing your business.

Expert Accounting. Real Benefits. Here’s What You Can Expect.

Experts: We have a team of experts who understand the needs of small businesses. They stay up to date with tax rules, so you don’t have to.

Peace of Mind: Knowing your finances are in good hands lets you focus on your business. You can relax knowing Passman Leonard is taking care of your business.

Time: Small business owners are busy, very busy. Letting Passman Leonard make accounting simple frees up your time to get to grips with all of the other important tasks.

Clarity: We make sure your financial information is clear and easy to understand. This helps you make smart decisions for your business.

Growth: As your business grows, your accounting needs grow too. Passman Leonard can handle those changes, ensuring your finances stay in order.

Risk Reduction: Mistakes in taxes can be costly. Passman Leonard’s expertise reduces the risk of making these errors, keeping your business on good terms with tax authorities.

If you’re interested in finding out more about our small business accounting services and fees, why not get in touch for a no-obligation consultation today. Call us on 01895 434515 or send us an email at info@passmanleonard.co.uk.