KPMG withdraws SME cloud accounting service from UK

05 March 2019

KPMG HQ, London

KPMG has announced it will withdraw its digital small business accounting (SBA) service for small businesses from the UK.

The move comes as the auditor's UK arm attempts to consolidate on its highest growth in a decade, dropping aspects of its business which grow at a slower pace. Although the offering will no longer be available in the UK, it will remain accessible to clients outside of Britain.

A KPMG spokesperson said discussions with staff were on-going and the firm is supporting them and keeping them informed of their options as it winds down SBA.

"We are looking to redeploy a large number of SBA staff into other roles within KPMG whilst keeping a small number of advisors to work with existing clients until they have found alternative providers for their cloud-based accounting requirements," the spokesperson said.