Small Business Accountants in Portsmouth

Portsmouth is the perfect location for ambitious business owners. To fulfil your financial potential in this great city, you need a Portsmouth accountant who shares your drive and vision.

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Approved Accounting – small business accountants, Portsmouth

At Approved Accounting, we deliver online accounting services to forward-looking SMEs in Portsmouth, Hampshire and beyond. Our approach to accounting is about more than just compliance and processes; we go further than that. Your numbers hold valuable insights, and we can provide expert analysis to help position your company for growth.

Our professional and dynamic team is dedicated to delivering excellent service to both businesses and private individuals. Whether you’re a sole trader, run a limited company, or are in a partnership, our accounting services and business advice can help elevate your business and support your financial goals.

Contact us today to arrange a consultation.

Why set up a business in Portsmouth?

Portsmouth, Hampshire, is so much more than its famous maritime heritage; it’s a thriving business hub. The strong local economy has a growth rate of 10.2%, making it the fourth fastest-growing city economy in the UK.

Along with the marine industry, Portsmouth’s diverse sectors include aerospace and defence, professional services, and an emerging digital and creative sector. Retail and tourism also play a big role thanks to attractions like Gunwarf Quays, the Historic Dockyard and the annual Victorious Festival.

While the city centre is based on Portsea Island, it’s well connected by the M275 motorway, and direct trains to London take less than two hours. The Portsmouth International Port is one of the busiest in the UK, providing crucial transport links to Europe and bolstering international trade.

The thriving economy and excellent coastal location, combined with a strong local business community, make Portsmouth a fantastic place for businesses to set up and grow. If you are a Portsmouth business owner, Approved Accounting could be your ideal partner. Contact us today to see what we can do for your business.

Our core accounting services

From simple bookkeeping to strategic taxation advice, our services help sole traders, start-ups and limited companies in Portsmouth to become more efficient and profitable.

Bookkeeping service

Many small businesses manage their books in-house when they start out, but as they grow, it can become more of a challenge. Outsourcing your small business accounts to Approved Accounting will save you a lot of time and money in the long run. We are Xero Gold Champion Partners and will help you revolutionise your daily bookkeeping tasks.

Payroll management services

As a PAYE employer, you have a lot to deal with. If you’re looking to save time and avoid mistakes, allow us to handle your payroll. Our team will ensure your employees are paid correctly and on time, with accurate tax and NI deductions. We can also identify which employees qualify for auto-enrolment and provide advice on pension schemes.

Tax services

Whether you need help with personal or business tax, our expertise is hard to beat. We will help file your self-assessment tax returns and handle corporation tax, capital gains and other business taxes to ensure you stay compliant. For growing businesses, we offer strategic tax planning advice to help you become more efficient and profitable, both now and in the future.

Research and Development Tax credits (R&D)

We’re passionate about helping business start-ups and small businesses unlock valuable income through the Research and Development (R&D) tax scheme. We will work with you to identify eligible projects, calculate allowable expenses, and prepare claims to maximise tax relief.

Read more about our R&D Tax services

Our business advisory services

As all-round accountants, we offer much more than core accountancy services. Our international and Hampshire based team offers strategic guidance to all kinds of businesses to help them overcome financial challenges, strategise, and plan for growth. You’ll receive actionable insights and support to drive your business forward and achieve your goals with confidence.

Sectors we serve in Portsmouth

At Approved Accounting, we work closely with local business owners across Portsmouth in sectors like tech, healthcare, app and game development, scientific research and social media. We understand the unique challenges of each industry and can offer sector-specific advice to keep your business thriving.

Why choose us as your Portsmouth accountants?

With many years of experience, our friendly team of small business accountants each brings a wealth of expertise to the table. Our priority is to build strong relationships with our clients, getting under the skin of your business to provide a truly personal service.

Your business is unique, which is why we don’t offer one-size-fits-all packages. Instead, we will create a cost-effective, bespoke accounting package for your business from our range of advisory and accountancy services.

We welcome you to get in touch to discuss how we can help your business reach the next level.

Contact us today to arrange a consultation.

Approved Accounting Reviews

Approved Accounting is rated 4.9 out of 5 based on 61 Google reviews.

Core Accountancy Services

Outsourcing & FD Services

Advisory & Specialist Services

How Are We Different To Other Accounting Firms Serving Portsmouth?

Complete dedication to service

Our business is built on a principle of making sure our customers’ expectations are always fulfilled or exceeded. That is easy to say, but our customers agree, as you will see from the fantastic reviews our customers give us.

A long term committed partnership

We look to form long-lasting partnerships with our clients, and we love nothing better than helping new and growing businesses get established and turn potential into real success.

Our skills extend way beyond just accounting

We are experts in helping businesses to modernise their systems. We can take you from a desktop or even paper-based system to a state of the art cloud solution with minimal disruption, to allow you to be more efficient and compete in today’s internet-based economy.

A focus on technology you won’t find elsewhere

Many accountants seem to have been left behind by the huge advances in technology in recent times. We’re different. We love finding the opportunities new technology can offer, and sharing them with our clients. Our aim is to make your business as efficient as possible.

Other areas in Hampshire we serve

Accountants Waterlooville

Xero Accountants Southampton

Accountants Petersfield

Our Accounting Services in Portsmouth

We work with a range of business in a variety of sectors. No matter if you’re just starting out, run an established business or simply require advice, we can provide you with the expert online accounting you need. Click below to find out more or visit the main menu for our full range of services.

Small Businesses in Portsmouth

A staggering amount of small businesses fail to flourish within the first few years of trading due to cashflow problems, a lack of commercial clarity or due to a basic understanding of their financial situation. At Approved Accounting in Portsmouth we’ll make sure you have all the knowledge, tools and knowhow you could possibly need to achieve your small business goals.

Limited Company Accountants in Portsmouth

Setting up, owning and operating a Limited Company takes time and commitment, as there are a number of strict processes which need to be adhered to. At Approved Accounting we offer specialist accounting advice and packages for Limited Companies based in Portsmouth who need help managing their day to day finances and want to safeguard for the future.

Accountants for Individuals in Portsmouth

As an individual it is your responsibility to ensure that you follow regulations in order to meet legal requirements. But, if you are struggling to keep on top of your paperwork, are fed up with filling out self-assessment forms or are looking for help planning your financial future, then Approved Accounting offer bespoke packages for local businesses.

Contractors & Consultants in Portsmouth

We have helped many first-time contractors take the step to starting their own company and offer tailor-made accountancy packages for contractors, freelancers and consultants. From how much pay to take home to the drawing of dividends, claiming of expenses, personal allowances and pensions; we can guide you through the tax implications and financial impact of each contract.

Frequently Asked Accounting Questions

Why is it important for a small or medium sized business to use an accountant?

An accountant is important no matter what size business you are. Approved Accounting will ensure that all your financial documentation is recorded for tax purposes. Without adequate bookkeeping throughout the year, it can be difficult to analyse business performance, budget, forecast and report on the fiscal position of your company in order to make future decisions.

Do you only work with small businesses?

At Approved Accounting we can tailor our fixed-fee packages to meet the needs of businesses both big and small and have helped companies of all sizes succeed. From individual start-ups to fast-growing firms and established companies, we offer a service that goes way beyond where most accountants stop. We can give advice on how to structure your business, plan for the future, manage cashflow, build an efficient system and even raise capital for expansion.

What is the best bookkeeping software for a small business?

Making Tax Digital is coming into effect this year, so it is more important that ever that small businesses have access to online accounting software in order to control their finances. Designed to make it easier to manage invoicing, inventory, bank accounts, expenses and payroll; Xero is one of the best bookkeeping systems around for small businesses to use.

Why is Xero accounting software the best?

Xero is an easy-to-use online accounting tool that helps your business analyse its accounts in an innovative new way. With real-time information and big-picture clarity, Xero will help manage your cash-flow and evaluate the financial health of the business. And with over 2 million+ subscribers worldwide, its no surprise that Xero is considered to be one of the best cloud based accounting solutions around.

What accounting services do you offer?

The services that we offer varies depending on our clients individual requirements. In general, our accounting services tend to include bookkeeping, forecasting, annual reporting, auditing, tax planning and consulting. At Approved Accounting, our list of services is not exhaustive, and we like to go above and beyond to offer monthly bookkeeping packages that are bespoke to our clients exact requirements.

Why should you use Approved Accounting?

A good accountant should act as an extension to your business and at Approved Accounting we provide a bespoke service that is second to none. We help businesses by delivering cost-effective financial advice (both face to face and online); filing tax returns on time; advising on future growth plans; setting up secure online accounting systems and providing peace of mind that your regulatory obligations are being met.

Do you offer free consultations?

When you contact us for accountancy advice, we will supply you with a free, no-obligation quote based on your business needs and bespoke requirements. We aim to answer all enquiries within 24 hours, so please get in touch with Approved Accounting today if you would like to know more.

What our Hampshire clients say

We have provided an exceptional accounting service to many small/medium businesses over the years. Take a moment to read our client reviews which highlight why our clients trust us to provide the best accounting advice possible.

These guys got me set up and are always ready to help. No question or request is too big or small and they really know their stuff. As I was starting out on my own, they were a very welcome support resource which alleviated a few of many things that I had to overcome! And they continue to support me in many ways as my business evolves.

Philip Hull

We wanted to move away from Sage and it’s extortionate prices charged for every update required! We wanted an accountant that was contactable and didn’t charge us if we wanted simple advice. We wanted an accounting firm that operate in the 21st century providing easy to use systems with up to date accounting technology. We now have all of these things and more, including realistic affordable prices. Jon and his team are passionate and professional. We can highly recommend.

Dawn Taylor

We have used Approved Accounting for the past 8 years and would unreservedly recommend them to any small to medium business that want a first class service. Jon and Matt put customers requirements at the top of their agenda and spend time ensuring that these are met, many a time going the extra mile to achieve the right outcome. They are an exceptional accounting firm and can be credited in assisting our charity with excellent financial advice.

Maggie Haynes

I’ve been using Approved Accounting for my businesses for around 2 years now, and they’ve given me an absolutely fantastic service throughout the entire time. It’s not just the actual services themselves though, but the personal touch and real interest in learning how my business operates that goes with it. This ensures that we can figure out the best course of action together, to help me achieve my business goals in the most financially effective way possible.

Dan Holloway

After being with Approved Accounting since 1998 when I started my business, I could not recommend a more personal accounting service. Jon, Matt and Alex have a wealth of knowledge and advice. Xero accounting makes running a small business so much easier especially when you have limited knowledge on accounting

Steve Roberts

The team at Approved Accounting have always offered the personal and professional service so many previous accountants lacked. Always on hand for advice and clarity in their provision of services. I have used them for our existing company and more recently a new start up and cannot recommend them highly enough.

Carl Shears

Unlock Your Business Potential with Approved Accounting

If you’re keen to find out how we can transform your accounts and your business, complete our contact form, and we’ll be in touch soon.