It’s always disappointing to speak with new clients who’ve had a bad experience with outsourcing their accounting in the past. This isn’t always related to the amount you pay for support, though nine times out of ten, it is. The less you pay, the less support you get.
We hear of accountants not being quick enough, responsive enough, transparent enough. We hear about the pain of last minute tax bills and the wasted time spent chasing people up. It sucks. As a limited company business owner, you want (and need) to partner with an Accountant you can really rely on.
This blog isn’t an I-told-you-so about how much you’ve paid in the past. We feel your pain! We have high expectations of our professional partnerships too. We want the best from the suppliers we outsource to. Instead, we’ve written this blog to help you understand why a great service comes at a cost – and the value you can expect when you pay more.
Disclaimer: We may not be the accountant for you, and that’s okay too!
If you’ve made it this far and you’re thinking:
- I’m a sole trader and all I want is a tax return service – no problem, you can stop here. We no longer work with Sole Traders, but we know plenty of wonderful people who do. Pop over to this blog instead for our list of trusted recommendations.
- I’m looking for a more ‘traditional’ accountant – not so interested in learning new technology or paying by direct debit? We talk more about the reasons not to work with us here, complete with plenty of recommendations as alternatives.
We’ve designed those blogs to help you get what you need, because we know we won’t be a match for everyone. Alternatively, you’re a limited company business owner, and you want a better life for yourself, your business and your family – read on!
We’re not just a once a year thing, we believe in delivering you long term financial freedom
We believe we charge a fair price for a great service. We become a part of every stage of your business journey, because we know accounting must revolve around the milestones in your life.
We want to help you do both:
- Run a successful business and take time off
- Make a profit and be present with your loved ones
And the way we work is set up to help you do that. Here’s how:
- We respond quickly
- We have tax bills prepared in plenty of time (provided we have everything we need from you submitted in our timescales)
- There are no surprises
- We deliver fair and transparent pricing
- We’ve invested in systems and processes to ensure we are efficient & up to date & well ahead of statutory deadlines.
- We use the best technology to aid our processes and services
- We take continual professional development seriously within the team
- We have an education program for our clients (Live & Learn) soon to be extended to the wider world too
We’re invested in the continual improvement of your business, and our team. ‘Make a difference’ is one of our core values here at Pink Pig Financials, and we don’t take that lightly.
A cheap accounting solution may help you stay in HMRC’s good books, which is necessary. But it’s also the bare minimum of what a good Accountant is here to support you with. You’ve taken a big leap in running a business, and we want to help you every step of the way to make it a success, however success looks to you.
Bookkeeping is carried out daily now, meaning you can make impactful decisions fast
We do bookkeeping daily, queries weekly, and full checks each month (where previously they were carried out annually). We’ve found this is the most efficient way to run the bookkeeping, so you are ensured up to date and correct data, and your returns are completed much faster. This is the data you base your most important decisions on, so you want access to it fast.
Our prices are based on individual situations. Since every business’s needs are different, we base our fees on the number of transactions, size of business, and the amount of work we need to complete each month. We’d be doing you a disservice to do it any other way (like give everyone the same flat fee). We review the transactional volume every quarter to ensure you’re paying the right amount.
You can see more details about how we work out fees for our clients here.
Our clients pay by direct debit so it’s better on their cashflow
If you’re looking for the cheapest, that’s not us. However, if you’re looking for the value but you’re worried about big lump sum payments you may not be able to afford – don’t worry! We use direct debit payments so your payments are automatic and spread out throughout the year.
We love our clients, and we honestly don’t want to have to chase any of them. We know being chased for money can feel stressful, and we’re here to do the opposite – to help alleviate the stress of running a business!
You can read more about why it’s beneficial for you to pay by monthly direct debit here.
This is a reminder for you too: charge for the value you provide
We’re often talking to clients about the importance of charging for the value you give, and encouraging them to reassess their prices regularly. We know how hard it can feel to do, since your customers and clients aren’t always seeing the work that goes on behind the scenes.
Our cost is based on our mission: To make the accounting process as quick and simple as possible for parents, so you can spend more time doing the things you love with the people you love.
And in order to carry out that mission, we’ve been committed to continual learning at Pink Pig HQ, and we’ve invested in the best technology to aid our systems and processes. We couldn’t have introduced daily bookkeeping, for example, without investing more in the team, our time and our software.
If you’re interested in getting started on your journey with us, fill in this quick questionnaire to get going.
Have any more questions about pricing? You’re welcome to drop our founder Cheryl an email at firstname.lastname@example.org