The founders of the Scottish accountancy firm on how they could save you time and money
Company: 1 2 3 Accountancy
Based: We have offices in Edinburgh and Fife
Clients: We specialise in working with small businesses and sole traders
Who are you?
We are an award-winning team of chartered accountants providing cost-effective services to clients nationwide. Our aim is to provide premium customer service, professional advice, and a straightforward service at competitive rates.
What do you do?
We provide the full range of accounting and bookkeeping services required to remain compliant with HMRC regulations, in addition to unlimited free advice.
The reason why our service works so efficiently is based on its simplicity. Our clients post or email their accounts paperwork, receipts etc., we prepare their accounts and return them completed.
What does that mean in practice?
All your accounting needs are catered for, including:
- Start-up administration
- Year end accounts
Our advice is free and unlimited, so you do not have to worry about excessive fees if you need to ask a question. One of our main aims is to ensure that your tax liability is kept to a minimum, and that you do not overpay at any stage.
What size company suits you?
We specialise in working with small businesses and sole traders, but our clients also include limited companies, partnerships, freelancers and contractors. Our combined previous experience of helping small businesses means that we understand the needs of this sector, and can offer professional advice accordingly.
Why should I care?
Bookkeeping and accounting requirements are a burden for many small businesses and sole traders, who simply want to get on with running/growing their business on a practical level.
There is no escaping the fact that you have legal obligations to submit annual accounts or self-assessment returns, and the repercussions of ignoring these responsibilities can be devastating.
What can you do for me that I can’t do for myself?
Accounting is an area of business that requires time and specific knowledge. We know and understand the requirements of HMRC, so although these can be researched by yourself, we can quickly and efficiently comply with the regulations on your behalf with no errors and the minimum of fuss.
What mistakes will you stop me from making?
Common mistakes include:
- Incorrect submission of VAT returns
- Payroll errors
- Mistakes in the day-to-day recording of transactions
- Errors on a self-assessment return or within year-end accounts
All of these mistakes are costly in terms of time, with some being penalised heavily by HMRC.
Can you give me an example of the work you’ve done?
Kintillo Consultancy Ltd became a client of ours in their second year of trading. The company now benefits from free advice in addition to a full accountancy service, for less than a third of the £1,500 they were originally paying.
Why should I trust you?
We are an established company with a proven record of serving our clients well. Just take a look at the testimonials on our website for reassurance that we are trustworthy and reliable.
What will it cost me?
Our prices are fixed with no hidden charges, and one fixed monthly fee means that payment is spread over the year. Prices for sole traders start at £10 per month plus VAT for filing of accounts (no bookkeeping) and self-assessment returns.