Monthly Accounting Services Subscription
Online accounting services for success-driven businesses. We’re the experienced, dedicated UK accountants you can trust.
Stress free accounting services for start-ups, sole traders, freelancers & small businesses. Our highly skilled and experienced team of UK accountants will manage all of your accounts for as little as £28/month so you don’t have to.
Never worry about your accounting, bookkeeping, tax and having to deal with HMRC again.
Mazuma offers nationwide business accountancy services for small businesses, start-ups, sole traders and freelancers. Whether you’re looking for select accounting services or a full subscription package, our remote team of UK-based accountants offer a service that’s tailored to your needs.
The elements below are included in our business accountancy subscription package:
Your Monthly Accounting Services Subscription will include
Managed Bookkeeping Service
Bookkeeping is tedious for any business owner, and falling behind is easy to do. Avoid hours of playing catch-up with our managed bookkeeping service. Our accountants will run this essential aspect of your business, saving you time and allowing you to focus on the things that matter most to you.
Invoicing software
Making, sending and chasing invoices can take up a significant portion of a business owner’s time and energy. We offer automated invoicing software with our business accounting services, allowing you to send invoices at a touch of a button.
Management Accounts
Most small business owners are passionate about their product or service – not managing their accounts. Focus on the stuff you enjoy and leave the complex work of managing taxes and accounts to us. Our experts will keep on top of this challenging aspect of running a business, so you don’t have to.
We’ll prepare your monthly Profit & Loss Account, Balance sheet and detailed Ledger Listings. Your qualified Accountant will give you tailored advice and tax estimations.
Statutory year end accounts
Need help with your year-end accounts? When you sign up to our subscription package, we’ll ensure you save time, submitting your year-end accounts to HMRC and Companies House on your behalf. If you’re a limited company, you’re legally required to submit these accounts – failing to do so may result in hefty fines. And with Making Tax Digital rules coming into place in 2023, it’s even more important that you undertake accurate digital record keeping. With our support, you can stay compliant with the law.
Self assessment tax return
Managing your finances as a self-employed individual can be challenging enough without adding self-assessment tax returns to the mix. You may find filing for a tax return too complex, or you may not want to commit the time and energy to the job. The team at Mazuma can handle your self-assessment accounts and tax obligations for you, ensuring you will avoid fines for error or delays.
VAT Return Service
Calculating and reporting VAT is a complex, time-consuming process. Our accountants will sort your VAT returns for you. From checking you’re on the right scheme to ensuring that everything is accounted for correctly, our team will handle it all. With Mazuma, you can guarantee that your returns are submitted on time.
Payroll Services
Keeping track of payroll is essential – and nothing upsets employees more than an error or delay with payslips. To make sure your employees are paid on time, and that national insurance and pension contributions are made accurately, use our outsourced payroll service. We’ll tell you who and what to pay, provide the payslips, and file your reports with HMRC. We cover all company payroll activities, offering the most comprehensive solution.
Corporation tax return
All businesses in the UK are required to file HMRC tax returns on a once-yearly basis. This can prove particularly overwhelming if you don’t keep on top of your tax affairs on a month-by-month basis. We’ll help your businesses to be more tax-efficient with our digital corporation tax return service.
Should you be a Ltd Company or a Sole Trader?
Book our Business Accountancy Services Today
As a small business owner, contractor or freelancer, you know the value of time more than anybody else.
Setting up business accountancy is easier than you might think when you partner with our experienced team. Fill your hours with the things that mean the most to your business and outsource the tedious accountancy tasks to Mazuma. Contact us for a free consultation to learn more.
Businesses We Help
As a national company, Mazuma offers online accounting services to a diverse assortment of UK businesses.
Some of the businesses we support can be found below. This is not an exhaustive list; please contact us to learn how we can tailor our service to your specific requirements.
Startups
As a business startup, you’ve already got a lot on your plate. Our business accounting and bookkeeping services can simplify your processes from the very beginning. We’re here to provide a tailored money management solution that will help you quickly achieve your business goals.
Small Businesses
We understand that no two small businesses are the same, and that’s why the service we offer isn’t a “one size fits all.” Our small business accounting services for growing businesses are tailored to suit your specific industry, current situation, and future goals.
Sole Traders
As a self-employed tradesperson, you’ll know how difficult it is to keep up with client invoices and receipts for materials you’ve purchased. Whether you’re a designer, copywriter, builder, plumber, gardener, or electrician, we provide a range of select business accounting services for you.
Ltd Companies
Many limited companies will turn to a dedicated chartered accountant to manage their assets, income, debts and spend. We can provide your limited company with a comprehensive money management solution, relieving you of the onerous administrative responsibilities of limited company growth.
Freelancers
We offer accounting services that are tailored to self-employed individuals. As a freelancer, you’re already responsible for keeping so many balls in the air. With our self-employed accounting packages, you can focus on securing work and growing your business, leaving the number crunching to us.
Micro Businesses and Solopreneurs
Just because you’re a little fish doesn’t mean you don’t deserve a big-fish level service! Microbusiness is a specialist area, and you must find a business accountant who has expertise and experience working with this business structure. Our Micro Businesses accountants can handle your legal responsibilities regarding accounts and tax. With our support, you have peace of mind that you’re never falling behind.
How Our Business Accounting Service Works
We’ve designed our business accounting service to be as simple and hassle-free for you as possible. We understand what when you’re outsourcing your accounting to a professional; you want to feel confident that your accountant will deal with every aspect of the job themselves.
- Either via our web portal or free post, send us the paperwork that we need. This usually includes receipts, invoices, expenses, and more.
- Our team will take over your accounting, managing your bookkeeping, payroll, bank reconciliations and VAT.
- At the end of every month, your experienced chartered accountant will check in with you. They’ll send over your accounts, offer expert advice, and suggest other services that will help you to achieve your goals better.
- Once the tax year ends, we’ll use our tax software to file your returns and submit them to HMRC and/or Companies House.
Quick and Simple Invoicing Software For Businesses
Create and track invoices with just a few taps.
When you’ve finished a job, you can use MazApp to send a professional invoice instantly from your desktop or mobile device.
With our simple, customisable invoicing tool, you can:
- Send invoices from any device
- Easily add customers
- Send reminders to late payers
- Create statements
- Keep track of money owed
Submit your documents to us your way
Two easy ways to send us your documents so that we can handle the bookkeeping for you…
Online
Via our web portal (MazApp)
Our dedicated secure web portal allows clients to snap and send us their documents. You can upload, share and view everything in your very own secure portal. You can also use MazApp to raise invoices, chase payments, and keep track of who owes you money. Think of it as a little Accountant in your pocket!
We’ve created our app with our clients in mind, you can access your data from any smartphone, tablet, or desktop.
By Post
Using Royal Mail Freepost
There are a lot of businesses and sole traders that still live in a world that is overflowing with bits of paper. Pockets full of receipts or in-trays full of letters are no fun to sort through. So we won’t make you!
Unlike many Accountants who make their clients enter data into software or force them to scan and send all their paperwork, we don’t. We just ask you to pop it all into a Freepost envelope and send it to us. Then we’ll do all the boring admin for you.
What’s even better is that you can still access your reports through our web portal (MazApp) – you just don’t have to spend time fiddling around with it. Any postbox you pass can become your Accountant – you just need our trademark purple envelopes!
Mazuma Business Accounting Services
At Mazuma, we understand that freelancers and small business owners are driven by a passion for the job they do. It’s rare for a sole trader or business director to feel excited about annual accounts management or taxes, but these tasks are an unavoidable aspect of working for yourself.
Our team of chartered accountants supports our clients with the arduous and often overwhelming factors of running their own business. Our accounting and bookkeeping services can be tailored to all business models, types and industries.
If you’re a contractor, a growing small business, or a start-up, you can significantly benefit from our subscription accountancy solutions, problem-solving, and practical advice.
We’ll take care of Companies House and HMRC for you. Using our simple online accounting software, we can help with everything from tax planning to simplifying invoicing. We can also prepare reports and calculate VAT on your behalf. We’ll assess your business needs and figure out exactly what would suit you best.
Whatever your business type, if you’re looking for a quality service, you’ll find it with Mazuma. Our chartered accountants offer the perfect combination of services to help you to save money and build a viable business, whatever that looks like for you.
FAQs
What are the accounting services that you offer?
Our team offers a broad spectrum of accounting services and support, including payroll services, VAT return, managed bookkeeping, accounts management, tax return, and invoicing.
Is there a minimum contract period?
No. There is no minimum contract period or ‘tie-in.’ You simply pay a fixed monthly fee, and you have no obligation to sign up to our business accounting service for a set amount of time.
What happens if I don’t declare all my income?
If you don’t accurately declare your income, you will likely be fined by HM Revenue. This is why we recommend choosing an accounting firm that offers a quality service, such as Mazuma, to support you in managing your finances – especially if you’re a new company or freelancer.
Am I entitled to a refund for previous months if I leave Mazuma mid-way through the year?
No. If you leave Mazuma part-way through the year and have not yet come to your company year-end, we can’t refund you what you have paid during the months that we have advised you and acted on your behalf. We will not offer any refunds for any work that has already been carried out and returned to you.
What happens if I sign up for your business accounting service part-way through the financial year?
If you sign up with us part-way through your financial year, our accountants will likely have to play catch-up with your bookkeeping and accounts to get them up to date.
For example, if your financial year commences in April and you sign up with Mazuma in July, your first payment will be 4 x £ monthly to cover April, May, June, and July. Don’t worry – you can split your catch-up payment over the first three months of your contract if you prefer.
Once you’re up to date, you will only need to pay a fixed monthly price for our support. 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.
Will I get a dedicated accountant?
Of course! You will be allocated a dedicated accountant and tax advisor when you choose our business accountancy services. This accountant will always deal with your accounts and tax and will be available to answer any ongoing questions you may have. Many accountants split their clients between multiple staff members. However, we’ve found that using a dedicated accountant per client helps us provide the ideal solution for various business needs.
How much responsibility will you take on?
All of it! We speak to HMRC on our clients’ behalf and submit all their digital returns. If we receive any vital information you need to know, you can rely on us to keep you updated.
Are my year-end accounts included in the monthly price?
Yes. The fixed monthly price includes all your year-end statutory requirements and tax returns, as well as your monthly bookkeeping, management accounts, payroll, VAT and other services you have selected in your instant quote. This will all be outlined in the terms and conditions you will receive when your company signs up with Mazuma.
What are the details you’ll need from me?
When you partner with us, our chartered accountants will require the following details from you:
- Your full name and ID (either drivers’ license or passport)
- Your D.O.B
- Your current address and proof that you live there
- Your mobile and/or home phone number
- Your NI (National Insurance) number
- Your company name and number
- Your UTR (Unique Tax Reference) number
- Your VAT registration number
- Documentation of your previous tax return
Some of these details may not apply to you, and that’s fine. We will let you know what we need when we contact you.
Is it challenging to switch accountants?
Not at all. If you’re switching from an old accountant, we’ll handle the process for you. Usually, this will involve writing to your previous accountants to arrange for your documentation to be transferred over to us online. We will then send you an engagement letter, and you’ll be required to confirm that you’re happy for us to act for you in certain areas.
How do I get started?
If you’re keen to hand your accounting responsibilities to us, simply fill in your details here to get an instant quote online. If you’re happy to proceed, we can then arrange a free consultation to discuss your requirements with one of our expert accountants. We’ll provide you with all the information you need to know before getting started.
Meet Your New Accounting Team
With our expert team of UK Accountants handling the data for you, you can get on with running your business. You have the peace of mind that trained experts are handling everything for you – so if HMRC decide to launch an investigation you can sleep soundly at night knowing that you haven’t accidentally claimed an expense that isn’t allowed, or forgotten to declare some income in your tax return.
Thousands of Happy Customers
Mazuma are considered the best Accountants, and MazApp the best receipt filing, scanning, and invoicing tool by thousands of customers across the UK. We’ve simplified bookkeeping and accounts for thousands of small businesses, offering a quick and easy way to convert every receipt into a digital version.
Customers love us because we offer a simple online space for adding, tracking, and storing data. Find out what you’re missing out on and sign up to our receipt scanning app today.
Dedicated Experts
Not all receipt scanning apps will pair you with your own dedicated accountant. When you sign up to Mazuma, you can rest assured that your bookkeeping is being taken care of by one of our highly qualified accounting experts.
No last-minute rush to file your taxes – we’ll keep on top of your finances in the run-up to tax season, saving you hours of hassle. All you have to do is send us your receipts.
Looking to Switch Accountants?
Just need a quick one-off service?
If you just need your basic compliance done without the advice and support of an Accountant through the year, then our one-off packages are just for you!
One Off Accountancy Packages
Sole trader accounts and tax return
Left your end of year accounts and tax return to the last minute (again)? Don’t worry, our team of qualified accounts can sort it out for you quickly, and for only £300.
HMRC tax return service
Hate messing around on the HMRC website trying to submit your tax return? Always put it off until the last minute as there is always something better to do?
Ltd company dormant accounts
Mazuma can file your Dormant Company Accounts for only £100. Avoid penalties and let us take care of it for you.
Limited company accounts
Need a set of Ltd Company Accounts done but don’t need year-round support? Our one-off Ltd Company Accounts service could be perfect for you and costs from just £550.