Top 5 Accounting firms in London UK

Top 5 Accounting firms in London

Accounting for Small and Medium-sized (SMEs) Firms:

Considering the workload of creating a sustainable presence in the market as well as seeking the right sets of skills to ensure a smooth operation of the business can be moderately demanding. In brief, starting a business from scratch can itself be a daunting task! Besides that, there is prominent involvement in monetary affairs- from daily expenses, budgeting, cash flow forecast to annual taxation. Hence, accurate management and regular administration of these matters can consume a drastic amount of time. It can get quite stressful for the owners as they have to look into every aspect of the business. 

Accounting is extremely crucial for any business. Reasonably, a neglection of an accounting detail can particularly result in a hefty and costly disadvantage to the business. Along with that, as the business grows, the finances start to get complex. Hence, generally, SMEs business owners tend to acquire expert accountants to help do their financial management. After all, the business’s success hinges on strategic and accurate accounting management.

How to choose the ideal accounting firm for your business?

Now the real question is; how can one know which accounting firm is best for the business. Let us look into it.

Accounting firms offer a large variety of services to aid businesses and help them maintain healthy finance and stay organized. Thus, eventually boosting the growth of the firm. However, not all accounting firms offer every mixture of support and services. Therefore, SMEs should be determined to select a firm that suits best for their business and satisfies each requirement. Choosing the best accountant is one of the most critical decisions a business owner will make. As said, a good accountant will free up your time, minimize expenses and promote the growth of your business; a poor choice will drain all your cash. However, it can be a daunting and overwhelming task to select the best one from the unlimited accounting firms available in London.

Here is a fundamental guide to narrow down your choices:

  1. Identify the business requirements and needs- As a business owner, you need to understand and clarify how much authority you want to hand over to the accountants. For instance, whether they only handle day-to-day accounts or administrate the entire accounts department. In another scenario, if you need an accountant to address the government regulations and control the taxing documents, you must specifically search for a qualified chartered accountant.
  2.  Consider the location- If you prefer to communicate with your accountant in person; then, the location matters. Yet, in today’s time, accountants manage and work off-site through advanced accounting software and cloud computing. Therefore, location is vital based on your preference.
  3. Select an accountant with expertise in the relevant industry of your business- As mentioned above, to manage complex finance, you will require a qualified accountant. However, it is a must to have experience with knowledge. You can gauge an understanding of their expertise based on their past work and their client portfolio. 
  4. Is your accounting firm reputed?- One could possibly begin the search by looking out for the top 5 accounting firms in London. It will help in filtering the search and show results that are reliable. Logically, the reputation of the firm illustrates its quality of work. Thus, another way to find more about the firm is to read reviews on all social platforms. It would help you learn their client’s satisfaction success story. And also understand the standards of their services.  
  5. Carry out research- Once you have selected a firm, do thorough research before finalizing it. Gather all information you can before handing over the authority to handle your accounts. Consider their fees rates, their access to resources, and other relevant data. Examine and compare their range of services- like mentioned above, some offer a holistic range of accounting services, while some specialize in only one service. Below, we have listed the top 5 accounting firms in the UK for your reference.

Top 5 Accounting firms in London

JK Accountants

JK Accountants is a renowned accounting service provider in the UK. Here, at JK Accountants, a team of qualified accountants work together to help clients out with their relevant specialized field in accounting. 

Belonging and functioning in this industry for over decades, the chartered accountants here; have years of experience and skillful knowledge by dealing with diversified industries and business sectors all across the country. They have also dealt with several sized businesses, such as established firms or entrepreneurial start-ups, in their profession. Hence, with their insights and innovative solutions, they ensure a promising competitive edge for your business.

Whether you want to expand the business, need help in managing basic day-to-day accounts, or compile complex accounting documents and strategize taxation, expert chartered accountants here offer a quality of work to satisfy your requirements. 

Moreover, JK Accountants offer a wide range of services to their clients. One quality of an ideal accountant is that they approach any situation by providing solutions in the best interest of the owner and their business. Perhaps, at JK Accountants, they also stretch over the extra mile to be the best supporter by providing customized solutions and services to a business when required. Furthermore, they extend their services by offering business consultation and advice that allows the enterprise to endeavor success and encourage faster business growth. 

The firm’s reputation is marked by its exceptional accounting and professional financial services, offered with; the highest standards of integrity and professionalism. 

Below mentioned are a few excellent, cost-effective, and value-added services offered by JK Accountants-

  • Company accounts and compliances
  • Strategic and effective annual tax planning
  • Exceptional business advice and guidance
  • Payroll system management
  • Assistance in legal matters
  • Financial accounting and bookkeeping
  • Contractor services
  • Suitable pension schemes
  • VAT returns documentation
  • HMRC administration support
  • Annual auditing
  • Cloud-software solution
  • Income tax self-assessment returns

Whether you are newly launching a business or an established firm, book a free consultation with JK Accountants to know how their services will benefit your business.

WIM Accountants

WIM operates from two cities in the UK and has offices established worldwide. At WIM, they strive to offer real-time accounting and cloud-based solutions, providing precise data at the right time. Thus, freeing you and ourselves as accountants from all the routine paperwork. Moreover, the time spared from not doing heavy paperwork; can be efficiently used in developing the business. Below mentioned are the services offered by the WIM Accountants-

  • R & D services
  • Charity accounts
  • Bookkeeping
  • Self-assessment
  • Capital Gains tax
  • Company formation
  • Business accounts
  • Tax rates and advice
  • VAT returns
  • Pension schemes
  • Payroll

To have a winning accounting solution for your firm, contact us at WIM Accountants today!

Fortis Accountants

Fortis Accountants is a member of ACCA and is based in Hammersmith. Being a member of the educational body- at Fortis Accountants, it is required for each chartered accountant to maintain professional developments annually. Thus, increasing their knowledge and skills, which in return, ensures the client the latest regulations and policies are met. 

Accounting is not just a number to them; whether it is personal, corporate, or company accounts, it speaks a story- that is; interpreted in the best form by the team of chartered accountants.

Below mentioned are a few of their boutique services at a very competitive price:

Company Accounts:

  • Tax advice
  • VAT advice
  • Business plan development
  • Annual accounting 
  • Management accounts and Tax plannings
  • VAT preparation
  • Bookkeeping
  • Payroll
  • SEIS & EIS applications

Personal Accounts:

  • Personal Tax returns
  • Capital tax gains
  • Sole trader accounts

Salient Accounting and Finance

Based in Essex, Salient Accounting is a fully accredited accounting firm. It is a multi-award winning company that offers a comprehensive range of accounting services to its clients. 

Their friendly yet professional approach draws new clients to obtain services from them. 

Here, they work with both small or large firms, irrespective of where the clients are situated.

Regardless of what industry your business is in, whether it is in the leisure sector, e-commerce store, or construction company- if you seek financial services, you can get help from the experts working here. The team at Salient Accounting can also guide with tax planning, pension advice, and investment strategy. Besides that, their trustworthy, qualified chartered accountants also offer free advice to their clients. Hence, ensuring to encourage the growth of the business. The following are a few of the services offered by Salient Accounting & Finance:

  • Limited Company accounts
  • Sole trader accounts 
  • LLP & Partnership accounts
  • IR35/ Contractor accounts
  • Payroll services
  • VAT
  • Mergers and Acquisitions
  • Tax Advisory
  • Property incorporation consultants

Contact Salient Accounting & Finance today to find out more about how their services can benefit your business.

HFM Tax & Accounts

HMF Tax & Accounts is a blooming and efficient accounting firm based in London. Their specialized services include domicile tax concerns and cloud accounting. What sets them apart from the rest is that they offer services at a fixed rate. Whether you require taxation advice or help with bookkeeping, contact HFM Tax & Accounts today! Another benefit of hiring HFM Tax & Accounts is that they also give a 100% guarantee of full money back to their clients.

Below mentioned are some of the services offered by the HFM Tax & Accounts:

  • Personal tax returns
  • Residence & domicile 
  • Property tax
  • Tax planning
  • Company accounts
  • Online accounting 
  • Assistance in starting a business


Indeed, with the increasing competition and advancing federal regulations, it is essential for small and medium SMEs firms to optimize their methods and seek professional help to survive in a market of fully equipped rivals. Having precise and accurate data is mandatory to make informed business decisions that aid the growth of the business.

Undeniably, accounting is the backbone of any business, as it determines the profitability and progression of business operations.

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