Professional services giant KPMG has launched KPMG Enterprise, a new £40m strategic investment which will see the firm expand its service offerings to the growing network of 4.9 million privately-owned businesses across the UK.
Richard Evans, from 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 across the North West 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 4.9 million 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 4’ firm were out of their reach.”
In addition to KPMG Enterprise is the firm’s new Small Business Accounting service, which combines cutting-edge digital technology with KPMG’s wealth of expertise to provide select online accounting and tax services - including accounts, bookkeeping, payroll, VAT and corporate tax returns - to small and start up enterprises.
The service will also offer access to one-to-one advice from KPMG experts, with fees starting from £150 per month.
Mr Evans added: “By harnessing cutting-edge technology and combining it with the talent and in-depth knowledge we have across the firm, we can give hundreds of thousands of small businesses access to KPMG’s know-how at affordable rates, revolutionising the market for small business accounting across the UK.”