KPMG Closes Small Business Accounting Division: What to do Next

KPMG has confirmed plans to close its small business accounting division, leaving customers to find a new Xero-ready accountancy practice.

KPMG's Small Business Accounting (SBA) division was an exciting new offering when it launched in 2014, but heavy subscription fees made it difficult for the big four accountancy firm to gain traction in the market.

BIG 4 accountancy firm Pricewaterhouse Coopers (PWC) have reportedly announced that they will be targeting the accountancy SME marketplace (Small and Medium Sized Enterprises).
To be launched in the UK, before going global, PWC will promote SAGE Live (formerly SAGE Life) which will work alongside their own accounting product My Financepartner.

The current buzz around the accountancy profession is all about how cloud accounting will shape the accountancy practice of the future.

Editor | 5 October 2015
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A partnership between accountancy software company Xero and small business accountancy specialist is helping to fuel the growth of both businesses. expanded into new offices in Wilmslow, Cheshire, earlier this year to house its rapidly growing team of accountancy experts, while Xero is celebrating a significant milestone of achieving 100,000 customers.

Cloud Accounting is the new exciting trend sweeping the UK (exciting if you are an accountant!).