Business Details
24 Years
experience
Your Trusted Partner for Accounting Solutions in Welwyn
L M Accounting is a professional accountancy practice dedicated to simplifying financial management for small businesses, sole traders, and individuals. With over 22 years of experience, we specialise in providing tailored accounting solutions that prioritise clarity, compliance, and tax efficiency. Our services encompass business accounting, personal tax returns, payroll management, and digital accounting software integration, ensuring clients can focus on growth without financial stress.Founded in 2002, our practice combines Chartered Management Accountant expertise with a client-centric approach, offering fixed pricing, proactive deadline management, and jargon-free advice. We leverage cloud-based tools like Xero and QuickBooks to streamline financial processes while maintaining a personal touch. Our commitment to transparency, continuous client education, and adaptability to regulatory changes positions us as a trusted partner for businesses across the UK.
Services
Business Accounting
Bookkeeping
Tax Returns
Payroll Services
VAT Returns
Details
- Year established: 2002
Highlights and features
- 22+ years of Chartered Management Accountant expertise
- Personalised support for businesses and individuals
- Cloud accounting software integration (Xero & QuickBooks)
- Transparent fixed-fee pricing structure
- Proactive tax compliance and deadline management
Associations and certifications
- Association of Chartered Management Accountants (ACMA)
What people say
Efficient and professional
Highly recommended
Excellent accountancy service
Made self-employed less stressful
Knowledgeable and detail-oriented
Services
Business Accounting
Comprehensive accounting services for limited companies, including year-end accounts, Corporation Tax returns, and financial reporting. We ensure compliance with Companies House and HMRC requirements while providing tax efficiency strategies. Our service includes pre- and post-year-end consultations to optimise financial planning and business growth.
Sole Trader Accounting
Tailored support for sole traders covering self-assessment tax returns, expense claims, and Making Tax Digital compliance. We help maximise allowable deductions while ensuring timely submissions. Our service includes cash flow management advice and tax planning to minimise liabilities for self-employed individuals.
Personal Tax Returns
Expert preparation of personal tax returns for employees, landlords, and pensioners. We handle multiple income streams, rental property accounts, and tax allowance optimisation. Our service ensures compliance with HMRC regulations while identifying opportunities to reduce tax burdens through legitimate allowances and reliefs.
Payroll Services
Full payroll administration for businesses employing staff, including salary calculations, PAYE submissions, and pension auto-enrolment compliance. We ensure accurate and timely payments while maintaining HMRC compliance. Our service includes CIS return processing for construction industry clients and real-time reporting.
VAT Returns
VAT registration, return preparation, and Making Tax Digital compliance services. We optimise VAT reclaim opportunities while ensuring accurate submissions. Our service includes cash flow forecasting for VAT liabilities and advisory support for VAT-efficient business strategies.
People
Lorraine Marshall
Founder & Accountant
Chartered Management Accountant with 22+ years of experience supporting small businesses. Qualified ACMA in 1995, previously held senior finance roles before establishing L M Accounting in 2002. Specialises in business growth strategies and tax-efficient financial planning.
Questions
Why choose LM Accounting over larger firms?
We offer personalised service with Chartered expertise without corporate complexity. Clients receive direct access to experienced accountants, fixed pricing, and tailored financial strategies focused on business growth.
What accounting software do you use?
We specialise in Xero and QuickBooks cloud accounting platforms. We provide setup support, training, and integration to streamline financial management for businesses of all sizes.
Do you work with non-local clients?
Yes, while based in Welwyn, we serve clients nationwide through digital accounting tools and virtual consultations, maintaining the same high service standards regardless of location.
How do you handle tax deadline reminders?
We proactively manage all tax deadlines, including Corporation Tax, VAT returns, and payroll submissions, ensuring clients never face late filing penalties through our automated tracking system.
Can you help switch from another accountant?
Yes, we handle seamless transitions including data transfer and HMRC notifications. Our process ensures continuity of service without disruption to your financial operations.
What are your service costs?
We provide fixed-fee pricing after initial consultation. Business accounting starts at £105/month, sole trader services from £35/month, with transparent pricing tailored to individual requirements.
Reviews (6)
Outdoor Cleaning Services
Jul 30, 2021
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Lorraine is extremely professional in every aspect. When I ring up the phone is always answered quickly or I've been phoned back promptly. I have never felt rushed when on he phone and always been dealt with in a polite manner. If you want a reliable, professional, well priced accountant who genuinely takes an interest in her customers and goes the extra mile then give Lorraine at LM Accounting a ring.
I'M GLAD I DID.
I'M GLAD I DID.
Tony Branken
Apr 14, 2021
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Positive:Professionalism,Quality,Responsiveness,Value
I had a foreign income issue to deal with HMRC and Lorraine of LM Accounting handled my case with great care and efficiency with a very positive outcome. I would very much recommend using them. Thank you.
I had a foreign income issue to deal with HMRC and Lorraine of LM Accounting handled my case with great care and efficiency with a very positive outcome. I would very much recommend using them. Thank you.
Duncan S. J. Hamilton
Feb 24, 2021
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Lorraine did an incredible job reconciling my personal tax returns - cannot recommend her highly enough. Learned so much in the process ! Thanks again Lorraine.
Diana Traquair
Jan 25, 2021
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Positive:Professionalism,Quality,Responsiveness,Value
Lorraine has been wonderful in the support provided to me for the last couple of years. If your looking for someone who is reliable, trust worthy with advice and super efficient then I would highly recommend you use LM Accounting!
Lorraine has been wonderful in the support provided to me for the last couple of years. If your looking for someone who is reliable, trust worthy with advice and super efficient then I would highly recommend you use LM Accounting!
James Masters
Jan 22, 2021
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Positive:Professionalism,Responsiveness
Lorraine was efficient, professional and patient. Highly recommended.
Lorraine was efficient, professional and patient. Highly recommended.
Andy Macey
Jan 21, 2021
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Positive:Professionalism,Quality,Responsiveness,Value
I have been using LM Accounting for a number of years and always found them to be professional, quick to respond, efficient and reasonable. I have recommended them to close friends and colleagues.
I have been using LM Accounting for a number of years and always found them to be professional, quick to respond, efficient and reasonable. I have recommended them to close friends and colleagues.
