Since 2006

Get the whole picture

Bookkeeping, accounting and so much more

Get the whole picture with our flexible services

Bookkeeping

Making sense of your numbers to get the whole picture
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Accounting

Effective accounting which works for you all year round and not just at the year end.
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Tax

Our comprehensive and up to date knowledge will keep you safe in the UK's complex tax system
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Payroll

Don't lose sleep over payroll, let our expert service give you sweet dreams
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Credit Control

Turn your sales into a healthy bank balance
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Equipping & Training

Investing in people to build a successful business
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HMRC enquiries & penalties

Effectively handling enquires and investigations by the HMRC to achieve the best outcome
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Financial Directorship

The benefit of having a Financial Director without the price tag
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Over 25 years in the business

With over 25 years of experience, M:Power Accounting is a trusted name in the business community. We combine expertise with a commitment to client satisfaction, offering transparent pricing and tailored solutions.

Let us empower your financial success!

We feel entirely supported as a growing small business with the range of accounting support including PAYE, Nest pensions, VAT returns and on-going Xero processing. We have been a customer for nearly 10 years and have received an excellent service and can highly recommend MPower.

Sophie Stevens

We’ve worked with M:Power for several years and have been extremely happy with the professional and service provided. Most recently Paula has helped us set up the accounts of a new business venture. A friendly approach and is always happy to explain the complexities of accounting in layman’s terms!

Hatty Philips

We’ve been working with Paula and her team since the end of 2015. IDology is a small business and Paula understands exactly what we need and is brilliant in coming up for the solutions that suit us best. The team are responsive and professional and we couldn’t ask for better support.

Lucy Ratcliffe

News & Views

Is it really smooth motoring offering employees electric cars?

by Paula Veysey-Smith • 11 Oct, 2024

With the electric car market opening up significantly in the past few years, offering e-cars to your employees through a salary sacrifice scheme can be a highly attractive proposition. With the tax incentives available and purchasing and leasing options, it is important to fully understand how to navigate these to ensure that the promised benefits are enjoyed by both the employer and employee.

How will Labour’s budget in October affect me?

by Paula Veysey-Smith • 30 Sept, 2024

On the 30th October 2024 the Government will deliver the first Labour budget for over a decade. More than that, it will be the first budget ever to be delivered by a woman, Chancellor Rachel Reeves.

What does the change in Xero’s subscription plans mean for me?

by Paula • 30 Aug, 2024

Xero is rolling out new subscription plans in the UK starting from September 12, 2024. These changes will simplify the current offerings by replacing the existing Starter, Standard and Premium with three new plans: Ignite , Grow , and Comprehensive . Additionally, the Ultimate plan will remain in place but be enhanced to offer more features. New Plans Overview Ignite is aimed at small businesses just starting out and includes essential accounting tools. Grow is designed for businesses looking to expand, offering more comprehensive tools, including payroll and expense management. Comprehensive provides full accounting and payroll capabilities, suitable for businesses with employees. Key points to note These new plans will bundle features that were previously add-ons, such as Xero Payroll, Xero Expenses, and Analytics Plus, into the base subscription. This change aims to reduce complexity and provide more value for the same or slightly adjusted pricing. The new plans are available from 12 September 2024 and you can move to a new plan when you like. However, Xero recommend waiting until they email you with your new proposed plan before migrating. This will happen late September 2024. Existing users will be gradually migrated to these new plans, with those benefiting from more features at the same or lower cost being transitioned first in February 2025. For users who may face a price increase, the migration will be delayed until September 2025 to allow for a smoother transition. Current plans price increases In addition to the new plans and their subscription fees the current plans as they stand are going to subject to a price increase from the 12th September 2024. Starter will increase to £16 per month, an increase of £1 per month. Standard will increase to £33 per month, an increase of £3 per month. Premium will increase to £47 per month, an increase of £5 per month. Ultimate will increase to £59 per month, an increase of £4 per month. Conclusion The change in pricing for existing plans combined with the upgraded new subscription plans has caused some confusion for Xero users. It is important to be aware of what change is going to impact you and when. Regarding the new plans Xero customers also need to know exactly what their new subscription is going to give them and what additional add ons may need to be purchased. MPower Accounting is a certified Xero advisor and we are on hand to assist you with the successful migration of your subscription to ensure you have the right Xero product at the best price point for your business. Please get in touch .