Micro Business
Cheap Accounting Services for Micro Businesses
Did you know that over 75% of businesses in the UK are owned and operated by a single person? That might be a sole trader or a single director of a Ltd Company. From plumbers to dog walkers, graphic designers to florists; micro businesses are everywhere.
A micro business is generally considered to be a business that has fewer than 10 staff and turns over less than £632,000. Based on that definition, a whopping 95% of UK businesses fall into that category!
Looking to Switch Accountants?
As a small business owner, freelancer or contractor, spare time is precious. Switching your accountant may not be a priority and often get pushed to the bottom of the “to-do” list.
Accountancy Support for Micro Businesses
At Mazuma we designed our service with micro businesses in mind. Our accounting systems are set up specifically to deal with the needs of micro businesses, allowing business owners more time to run their businesses and less time on accounts and tax admin.
We are the UK’s leading specialist accountants for micro businesses and have been helping sole traders and Ltd Companies with their accounts and tax for almost 15 years.
Unlike other Accountants who deal with larger businesses, or who aren’t specifically set up for the micro business sector, we don’t insist you use software like Xero or Quickbooks. In fact you don’t have to use any software at all unless you really want to! While plenty of our clients like to use their own software to keep a track of things, it’s not necessary with a Mazuma subscription.
We use a cutting edge combination of the latest in-house technology and highly trained staff to deliver you an incredible service that is made just for micro businesses. All you have to do is give us your documents each month and we’ll handle the rest for you using our Accountancy subscription packages.
Our accountancy subscription gives each and every micro business their own dedicated Accountant, from as little as £28 + VAT per month. You can call or email your very own Accountant whenever you need – whether that’s to get some advice on tax deductible expenses or to let us deal with a scary letter from HMRC for you. Your Accountant is there to take care of the numbers while you get on with running your business.
Stress Free Micro Business Accountancy Service
Here at Mazuma we understand the stresses involved in running a small business. Our hassle-free subscription based accounting services can take one of those stresses off of your hands. We help start-ups, sole traders, small businesses, freelancers and Limited companies with their monthly accounts.
We will do your
- Monthly management accounts
- Bookkeeping
- VAT returns
- Monthly payroll
- Statutory end of year accounts
- Corporation or partnership tax return
- Self assessment tax return
Micro Business Accounting FAQ's
We do understand that we're not a traditional accountancy firm and that our multi award-winning re-vamped way of working might not be everyone's cup of tea. We think that most small businesses could benefit from a bit of Mazuma magic, but take a look at the reasons why we may not be right for you before you make a final decision! To make it easy we also explain how you can switch to us.
If you sign up with us part way through your financial year it is very likely that there will a catch-up of bookkeeping and accounts work to be done to get you up to date. For example, if your financial year commences in April and you sign up with Mazuma in July, your first payment to us will be 4 x £monthly price to cover April, May, June and July. Don't worry though. you can split your catch-up payment over the first three months of your contract if you like! Once you're all up to date you will just pay your fixed monthly price. In order for us to complete your year end accounts and tax returns we simply ask that you have been a client of Mazuma for one year or have made the equivalent of 12 monthly payments.
People often ask us how our accounting service can be so cheap, querying how we it's possible to be a cheap accountant who is also reliable and knowledgeable. Mazuma's structure means that you have the right person doing the right job so we can keep our fees as low as possible. We make sure that our Chartered Accountants spend their time doing accounts and tax, not scanning and filing! This means that they can work more efficiently, keeping your fees down.
Of course! You will be allocated your own Accountant, who will always deal with your accounts and tax as well as any ongoing questions you may have.
When you sign up with Mazuma you'll be given details of how to contact your Accountant. Our prices are fixed fee so you can be assured that no extra bills will appear as long as you use the service fairly. You can get in touch with your Accountant in a variety of ways including email and phone. All that we ask is for you to be aware that when you call you may be asked for a time that your Accountant can call you back. We're sure that you'd want your Accountant to give your accounts their full attention, so if they are working on a few tricky tax calculations they will call you back when they have finished.
