KPMG in the UK today announced a strategic partnership with Xero Limited, one of the UK’s leading on-line accounting software providers which will enable the firm to link its own technology and expertise to provide select online accounting and tax services, such as accounts, bookkeeping, payroll, VAT and corporate tax to small and medium sized enterprises using the cloud.
This is part of a programme of strategic partnerships by KPMG aimed at supporting the SME sector and follows the opening of a permanent KPMG representation in Tech City; a series of digital alliances including the partnership with Chelsea Apps Factory announced in January and support of the Indian Angel Network.
Simon Collins, UK Chairman of KPMG, commented: “Today’s partnership further demonstrates our commitment to small and early stage businesses that form the backbone of the UK economy and its future growth. Xero is an impressive software platform, supporting delivery of our services to this segment where technology is increasingly transforming the way we do business.”
Xero UK managing director Gary Turner says, “It is very gratifying that an organisation of KPMG’s standing in the market selected Xero to be one of its technology platform partners for their on-line services, confirming our belief that cloud accounting is fast becoming an important platform for both accounting firms and small businesses.”
Interested businesses will be able to sign up to the KPMG services from May. The strategic alliance will see both KPMG and Xero jointly target the UK SME market. No consideration has been paid and the deal does not include any equity stake.
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For further information please contact:
Sorrelle Cooper, KPMG Press Office
M: 07932 078218
Emma Murray, KPMG Press Office
M: 07920 870 623
Sharon Chancellor-Maddison, UK Marketing Director, Xero Limited
M: 0782 4150667
KPMG Press Office: +44 (0) 207 694 8773
KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with approximately 11,500 partners and staff. The UK firm recorded a turnover of £1.8 billion in the year ended September 2013. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 155,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such. About Xero Xero provides beautiful, easy to use online accounting software for small businesses and their advisors. The company now has over 250,000 customers in more than 100 countries around the world and is listed on the NZX and ASX. Xero Limited won Client Software Product of the Year in the British Accountancy Awards 2013.
This article represents the views of the author only, and does not necessarily represent the views or professional advice of KPMG in the UK.