This new service aims to simplify the complex and frequently changing tax regulations for small businesses at a transparent and low fixed fee.

Since its inception in 2018, TaxScouts has aimed to remove the stress, complexity, inconvenience, and cost associated with tax management. Initially launching with a pioneering self-assessment service, the platform offers swift and affordable tax filing solutions, backed by a network of fully vetted, highly experienced accountants. Having successfully filed over 100,000 returns through its self-assessment service, TaxScouts is now extending this model to Limited Companies for a competitive, one-off fixed fee.

Currently, over 5.5 million SME companies are registered in the UK, accounting for three-fifths of the country’s workforce and expanding by 500,000 new companies annually. With an estimated 56% of these being individuals operating under a company name, TaxScouts recognized the potential to support this significant market segment.

The TaxScouts platform streamlines sales, data collection, messaging, customer onboarding, and administrative tasks for accountants, reducing traditional accountancy work by up to five times and transferring the cost savings to customers. Fees for non-trading companies are set at £149, and start from £399 for trading companies.

Mal Cowley, CEO of TaxScouts, said: “From National Insurance fluctuations to changing thresholds for tax-free earnings, the tax landscape has become a real headache and overhead for small business owners and one-man-bands who don’t have the luxury of an in-house finance team.

“It’s hard enough to run and maintain a business in the current climate, most people don’t have time to keep up and stay engaged with tax regulations as well. They need to concentrate on the important stuff - like growing their businesses.

“Our model is the perfect solution. By combining cutting-edge technology with the best accountants in the business, we’re able to truly deliver on all the areas that matter most to business owners: price, quality, simplicity and speed.”

The TaxScouts Limited Company offering uses a three-tiered price model based on fixed one-off fees tailored to a company’s size and their trading and VAT status.

TaxScouts’ popularity is clearly evidenced through its high customer satisfaction ratings, with a 4.8/5 rating on TrustPilot from 5,000 reviews and an average 80+ NPS score.