5 Top Accounting Firms in Manchester to Hire UK
Octa Accountants
7 Min Read
Jan 26, 2024
Business Tips
Are you looking for hiring accounting firms in Manchester, UK? We have top 5 accounting firms that you would need to hire in order to outsource your accounting burden. Not all businesses can afford to have a department dedicated to accounts. Even if they can, outsourced Accounting firms are quarter the price, get the job done in minimal time and with efficiency.
What do accounting firms do?
Since accounting is an important aspect to all businesses, however, it isn’t included in the core competence of the business. So, it often drags businesses away from their core business activities. By handing over your finances to an accounting firm you get rid of over complications and achieve efficiency in accounting tasks. While looking for accounting firms it is important to do your research, align your needs with the services provided.
Services Offered by accounting firms
Accounting firms offer a wide range of services from managing bookkeeping & accounting to auditing and tax filing. Some may also offer company registration, corporate secretarial, and business risk consultation services.
1. Accounting and bookkeeping services
Outsourcing your accounting and bookkeeping services to a third party helps you minimise on-site admin costs and save time. Also, a dedicated and expert accountant manages your company’s finances so nothing can go wrong. You have more time to work on strategies and grow your business.
2. VAT Registration and Filing
Many business owners are not sure how VAT (value-added tax) works. In reality, you are not the one paying for VAT when you are a seller, as tax is included in your product or service. We just have to separate the VAT from our charges – so we do not overpay or underpay the tax. It may sound complex, right? Especially when you are selling in larger quantities.
3. Audit and Assurance
Company audits are becoming more and more overwhelming due to ever-changing industry practices, regulations and emerging risks in the competition landscape. It is becoming common for many corporations and SMEs to hire expert auditors to analyse internal and external aspects associated with a business.
4. Processing of payroll
Businesses that have employees have an important task of payroll management of their organisation. They need to calculate the proper salary, wages, taxes, deductions, and other benefits of the employee.
5. Dealing with the taxes
Accounting firms ensure that the business pays the proper taxes as per the rules. They must advise on tax deductions and get better tax refunds for the business organisation.
Top 5 Accounting Firms in Manchester
1) Deloitte
Most Desired Option For Large Enterprises
Deloitte is a global firm providing audit, tax, consulting, and advisory services.The Financial Advisory team emerges as nimble business advisers prepared to negotiate the changing marketplace and enable organisations to not just adapt but thrive in the ever-evolving business landscape. The team, which specialises in holistic advice solutions, is exceptional at maintaining and generating value in important domains like mergers and acquisitions, restructuring, disputes, and investigations.
The team works with clients to create customised solutions that have a transformative impact from strategy formulation to execution and evaluation. This includes guiding impact in crucial moments and providing services in Mergers & Acquisitions, Restructuring & Performance Improvement, Infrastructure & Economic Advisory, and Forensic, Financial Crime & Discovery.
Core Services of Deloitte
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Merger & Acquisitions
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Restructuring & performance improvement
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Forensic, Financial crimes & discovery
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Infrastructure & Economic Advisory
Also Read: Guide: How to register for VAT in 2024?
2) Osome
Most Popular Among SMEs
Osome is one of the largest accounting services firms globally, offering audit, tax, accounting, company registration, and advisory services. They have a presence in Manchester, serving clients in the region. Osome UK combines a multidisciplinary approach with deep, practical industry knowledge to help clients meet challenges and respond to opportunities.
It is a better option for small to medium-sized businesses looking for an affordable accounting firm in Manchester, UK.
Core Services of Osome
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Accounting & Bookkeeping
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Company Registration
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Ecommerce Accounting
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Audit & Assurance
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Tax & Legal
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Advisory
Also Read: How to hire a virtual CFO for your business?
3) Indinero
Best For More Established Businesses
Indinero specialises in various financial and business services from online bookkeeping to business intelligence. It is a better option for more established companies with larger revenues as their pricing plans are higher for small to medium-sized businesses. But it’s one of the fastest growing accounting firms in Manchester, UK. The following are the services that are provided by Indinero to its clients in the United Kingdom:
Core Services of Indinero
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Online Bookkeeping Services
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Accounting Services
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CFO Services
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Business Tax Services
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Technology & Business Intelligence
Also Read: UK Income Tax Filing: What You Need To Know?
4) Octa Accountants
Top Choice For Business Of Every Size
Octa Accountants is an innovative and tech-driven accounting firm that helps entrepreneurs achieve their goals with Dedicated Bookkeeping & Accounting, VAT Registration, Virtual CFO, Audit & Assurance and many more services. Why should you choose Octa? Octa has a firm belief that entrepreneurs are the foundation of societies and inorder to help them out Octa aims to relieve their financial burden, by handling their finances. It is one of the most emerging accounting firms in Manchester UK for small businesses and startups.
Core Services of Octa Accountants
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Accounting & Bookkeeping Services
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VAT Registration & Filing
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Virtual CFO Services
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Company Incorporation Services
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Audit & Assurance Services
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Self-Assessment Services
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Company Secretarial Services
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Business Risk Advisory
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Ecommerce Accounting
5) HURST
Specialized Services For Taxing & Auditing
HURST has a boasting a team of seasoned professionals with over a century of combined experience in the financial services industry, the firm amalgamates their extensive knowledge with clients’ aspirations to create a robust and accessible financial strategy. Irrespective of the current point in their financial journey, clients can rely on Hurst Financial Advisory’s dedicated team to assist them in crossing the finish line and achieving their ultimate financial goals.
Core Services of HURST
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Audit & Accounts
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Corporate Finance
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Tax Advisory
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Digital Transformation
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Employee Ownership Trusts
Make the Right Decision Right Now
Accounting is one of the core needs to run any successful business. However, business owners don’t need to be an expert in accounting in order to manage their finances and neither is the need to manage the accounting side of the business , when the above stated companies offer their services. A business owner should outsource their accounting side of the business, as these firms have mastered their skill from the smallest niche of accounting like- environmental ,social and governance to vast niches like taxes.
If you’re looking for affordable accounting and bookkeeping services in the United Kingdom, then you should get in touch with us. Octa Accountants has Xero and QuickBooks certified accountants, who are available to hire at the best hourly rates for your business. Schedule a free meeting with us today!
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