KPMG withdraws from the SME accounting market

With the sudden news of big four accounting firm, KPMG, withdrawing its small business accounting (SBA) service in the UK, small businesses now need to reconsider their strategy when approaching or being approached by large firms for financial management support. Quite often, if it’s too good to be true, it usually is – which is what many SMEs are now faced with following the cessation of KPMG’s small business service.

As a business owner, you need to ask yourself, what do I truly want for my business when it comes to financial support and business advice? Yes the big four companies may have a global presence and strong reputation but they can also be very expensive and very repetitive with their standard service offerings, sometimes with services you don’t really want or need or are not quite relevant to your stage of growth. Just because they’re the biggest firm, doesn’t make them the best or relevant or understanding of the intricacies of the fast moving SME world.

By selecting a smaller firm, you can get a much more personal service where you’ll receive a bespoke approach, completely tailored around your company’s main issues, to ensure that the problems are dealt with effectively and that no time is wasted on any unnecessary tasks. This is also often delivered by an experienced operational person with relevant skills and experience. That’s why EFM’s philosophy has always been about providing the right resource at the right time and at the right price to our SME client network.

If you’re looking for financial support and business advice, speak to the EFM team today!

Our national network of experienced financial controllers, directors and business advisors are here to help towards your businesses success, survival and growth.

Get in touch by email  or call  01582 516300