KPMG enterprise offering launched for SMEs
KPMG is today (21 October 2014) launching a new small business accounting service as part of a £40m investment as it aims to expand its offer to smaller companies.
The launch of KPMG Enterprise comes as research undertaken on behalf of the firm by YouGov revealed that 78 per cent of SMEs in the North East think the government could do more to support small businesses.
KPMG Enterprise will offer select online accounting and tax services - including accounts, bookkeeping, payroll, VAT and corporate tax returns – to SMEs via the cloud.
Chris Hearld, northern chairman at KPMG, said: "At its heart, KPMG Enterprise sees us extend our longstanding heritage and the deep knowledge gained from working with medium and large businesses in the North to the small business sector.
"From start-ups in their infancy to more established middle market companies, our ambition is to work with privately-owned businesses from inception, through every stage of their lifecycle.
"Make no mistake, we see this as an area of enormous opportunity for KPMG. There are more than 4.9m privately-owned businesses in the UK, of which 99.9 per cent are SMEs - many of which are early stage and small businesses who previously may have believed that the services and expertise of a Big Four firm were out of their reach."