Our small business accounting services are designed to help you know your numbers, take your small business to the next level and achieve financial freedom.
Effortlessly manage your small business’s basic accounting needs with our dedicated accountant
Business is made up of numbers.
Just about everything in business that matters is a number:
- Your sales
- Your margins
- Your customer base
- Your costs
- Your profit
- Your cash flow
ALL driven by numbers.
Now, when business owners want their businesses to grow significantly, what do they usually focus on?
- Market research?
- A sophisticated new website?
- Advertising campaigns?
- Attending more exhibitions?
- Direct mail campaigns?
These are all perfectly valid ways to grow a business, but if you don’t have a right team of accountants who help you make understand the numbers behind these activities , the results can be catastrophic.
Our range of small business accounting services allows you to stay on top of your business, with our expert advice, guidance and support.
We will take care of your years end accounts, payroll & HR, VAT, Bookkeeping and personal tax returns. We will set up all the reminders to make your business accounting seamless.
On the other hand, your dedicated growth accountants will liaise with you to reduce your tax bill. We help people like you get all the money they need, to own better things and have a better work life balance. Our ultimate goal is to make your business a happily successful venture.
I am so glad that I chose Heighten as my accountant
I am so glad that I chose Heighten as my accountant when setting up my business and cannot recommend them highly enough. As a new business owner, I needed a lot of guidance and I have been fortunate to have the very knowledgeable team of accountants support me over the last few years. Without their advice, I would be truly lost! No question was ever too small or silly, they would respond quickly and with a high quality of advice. The prices are very competitive and the quality of service is excellent.
MD & Entrepreneur
Do It With Love
Why choose our small business accounting services?
In the past, like most professionals, our small business accounting clients concentrated on doing the things it said on our letterhead:
We kept gathering all this information about what made businesses tick.
And sometimes we’d even share some of our findings and ideas with our clients. But, like every other accountant, we didn’t really use it systematically.
Then a little while ago we went to a hotel and spent three solid days thinking about how we could do more at Heighten for our clients than ever before.
And that’s when we decided to start systematically using everything, we’ve discovered over the years to start helping our clients to become much, much more successful and profitable.
We use a unique 9 step process to help your business to grow, give you practical advice in plain English, complete your accounts in 30 days or give you your money back!
We take away the hassle of running your business and never charge a single penny more than you agreed to in advance.
Our accounting solutions for small businesses (What is included)
Our small business accounting solutions are tailored to help business owners create a detailed plan for improving, and often dramatically improving their profitability and cashflow, dramatically reducing their tax bills and, as a result, dramatically improving their personal income and wealth.
Our team of fully qualified accountant specialize in using their skills with numbers to help our clients make their business happily successful.
We support different business structures such as Limited Companies, Sole Traders, Partnerships, and LLPs.
We specialise on working with business owners to generate the extra money they need through the cumulative effect of potentially many years’ worth of tax savings, profit and cashflow improvements, making their business more valuable and saleable, cost savings, reduced personal spending, increased personal savings, more tax efficient inter-generational transfers of wealth, better financial & wealth management, and better investment decisions.
How our small business accounting services works
We understand that accounting needs vary as you grow.
Our small business accounting services are therefore, tailored on three different levels to support start-ups, growing and mature business. Our ‘Switching Made Easy’ service allows you to move your accounting with us hassle free.
During our Initial ‘Getting to Know You’ Meeting, we’ll discuss your specific needs, and let you know how we can help you best. Our onboarding team will spend time with you to fully understand your needs and tailor a bespoke solution for you.
The first step to make your venture a happily successful and getting you more time in your business is making your accounting as efficient as possible.
Together, we’ll choose your perfect package and the add-ons you need. It’ll take about three months to get ready to work together. The overall journey with us will look like as follow:
- You’ll accept the tailor-made personalised proposal
- Be assigned a dedicated accountant
- Discuss your goals with us
- Get set up online
- Streamline your apps
- All bookkeeping & statutory reporting is done
- And have regular calls and check-ins regarding tax savings and growth
Heighten’s 7 steps Clients’ Happily Successful Business Roadmap encompass the areas of services you experience with us:
- Building Strong Accounting System
- Automating Seamless Compliance (Statutory Reporting) Processes
- Understanding & Improving Numbers
- Growing your Dream Business
- Wealth Generation & Protection
- Aligning Business Numbers with Personal Aspirations
- Maintaining Work-Life Balance and own a happily successful business
The Best Start-up Accountants
I have pleasure meeting Heighten Team at their London office when I started my travel and cargo business. Their advice on company formation, payroll, VAT and tax was spot on. Their introduction to a local solicitor for company contracts was helpfull too. I found them the best in the town and recommend them without hesitation.
Small business accounting tips
1. Reducing tax on company profits
There are several ways to reduce the corporation tax bill. These can include extracting funds from the company, using a salary (or bonus), interest, rent, and pensions, making gifts and get tax relief.
It may be possible to claim extra tax relief based upon research and development expenses incurred.
Properly documented obligation and contributions could reduce the tax on the car benefit in kind as well as national insurance and your own tax bill.
2. Extracting company profits tax efficiently
If your spouse is a company director / company secretary, you may wish to consider having the company pay them a reasonable salary for their duties and responsibilities.
3. Rewarding key employees
Consider offering to some of your employee’s payments direct from the company to their pension schemes in exchange for reductions in their salaries.
Providing correctly documented, where an employee takes a van (or most pickups) home with no other private use there is no Benefit In Kind and hence no tax for employee and save you in NIC too.
4. Buying and selling business assets
If you are looking to sell the company property, then with planning it may be possible to avoid VAT being reclaimed by HMRC and reduce the tax on the sale.
5. Shareholder issues
As the amount of Inheritance Tax on your estate can be affected if too much cash is left in the business you may wish to consider ways to extract the surplus funds.
You may wish to consider restructuring your business to save tax each year.
6. Exit Planning
If you are looking to sell the business in the near future, then it may be worth reviewing the position now to ensure that tax savings can be maximised.
I can thoroughly recommend them…
I have been using Heighten Accountants for a number of years now and they have always provided an excellent, timely and professional service.I can thoroughly recommend them and will be continuing to use them in the future. Thank you.
Dr. Dan Martin
Founder and Business Owner
NW3 Medical Practice
Small business accounting service FAQ’s
We have been frequently asked this question. ‘But you’re only an accountant. How can you help us growing and making our business happily successful venture?
Yes, we are only accountant and that’s exactly why we think we can help. As an accountant we see hundreds of businesses from the inside. We look at their numbers. We see their records. And We talk to their owners in a way that nobody – and we mean literally nobody – else ever gets the chance to do. What’s more, as an accountant, we use our analytical skills to cut through the hype to see what is really happening and what is really working in those businesses. And we calculate the impact on the bottom line.
We’ve teamed up with some of the country’s leading business thinkers, including an internationally published business author and former national entrepreneur of the year, to form an association of independent added value business advisers. And together we’ve pooled our ideas, experiences, and knowledge to create a set of tools., systems and processes designed specifically to help businesses like yours become more successful and profitable.
Categorically not. We are not suggesting for a minute that you’ve done a single thing wrong. But what we are saying is, that in a sense you are like Alex Ferguson at Manchester United.
Everybody knows that Alex Ferguson is one of the most successful football managers and advisor of the last 20 years. But even he kept trying new tactics, new game plans, new moves, and sometimes even new players. And when he makes those sorts of changes, nobody even thinks of suggesting that he might have got it wrong in the past. Instead, they applaud him for not resting on his laurels – and for having the vision and courage to build on his past successes by constantly trying new things.
Sir John Harvey-Jones put brilliantly when he said “The only test of management, and it is a tough one, is success. But success comes more easily to those who study the world around them, and are continually updating their craft, than to those who try to repeat a formula that once worked in the past”. Alex Ferguson certainly agrees with Sir John Harvey-Jones. And we do too. How about you?
Running a business becomes quite simple when you have the right frameworks and accounting processes in place. Once installed, these dependable processes ease anxiety and reduce the amount of mental effort you expend trying to figure it all out. They help you ensure your business works like a money-making machine.
Quality of data and Information from your accounting system influences business decisions.
You or your revenue and finance director should be engaged with your accountants to make decisions around, finding and implementing the right cloud-based accounting system, such as Xero/QuickBooks & Dext, conducting regular data quality health checks such as Bookkeeping, VAT & Payroll and investing time in setting up a digital KPI dashboard (One Page Plan) for the management team.
To get most out of your accounting system, Heighten team helps you to automate your bookkeeping and set you up your ‘One Page Plan’ for strategic meetings.
We guess being in business you make investment decisions all the time, don’t you?
Decisions like whether to invest £20,000 in a new bit of machinery or technology, whether to invest £30,000 in a new employee, or whether to invest £40,000 in a new marketing campaign?
There’s always some risk, of course, but provided the risks are low and the rewards are high, it usually makes sense to go ahead, doesn’t it?
Well, working with Heighten Accountants is an investment decision too.
But it’s an investment decision where the risks are very small – because none of our clients have ever lost money on this type of investment with us in the past and/or and there’s an unconditional money back guarantee if you aren’t completely delighted and/or anything else that explains why the risk is low.