KPMG is taking a leap into the small and medium-sized enterprise (SME) accounting market with the launch of a new product, KPMG Enterprise. The service, which is priced at £150 per month, is designed to offer a more efficient and cost-effective solution for smaller businesses. KPMG Enterprise provides a range of services including bookkeeping, payroll, VAT and corporate tax returns, and annual accounts, all managed through a cloud-based platform. The service also includes access to a dedicated KPMG accountant for advice and support.

KPMG’s entry into the SME market is seen as a disruptive move, with the firm hoping to transform the current accounting landscape. The company believes that many SMEs are underserved by traditional accounting firms and are looking for a more efficient, modern solution. KPMG also sees potential in the large number of start-ups and fast-growing companies that need professional accounting services.

Critics, however, question whether KPMG can truly disrupt the market. They argue that the firm’s brand may not resonate with smaller businesses and that its pricing may not be competitive enough. Despite these concerns, KPMG is confident in its new venture and believes that its combination of technology and professional expertise will appeal to SMEs.

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