Wedoaccounting.co.uk Review

Based on looking at the website wedoaccounting.co.uk, it appears to be a legitimate accounting service based in the UK, primarily targeting small and medium-sized businesses, sole traders, charities, and individuals. They offer a range of services from annual company accounts and bookkeeping to personal tax accounting, VAT, and business consultancy. The site emphasises a “stress-free” approach, simplifying financial complexities and providing support during challenging times.

Overall Review Summary:

• Website Professionalism: The site is well-structured and professional in appearance.
• Service Clarity: Services are clearly outlined with brief descriptions.
• Target Audience: Well-defined for UK-based small to medium businesses and individuals.
• Trust Signals: Includes testimonials and addresses common pain points like HMRC issues and director’s loan demands.
• Transparency: Lacks clear pricing information directly on the service pages, requiring a “free call” booking for details.
• Physical Address: A physical address is not immediately visible on the homepage, which can impact trust for some users seeking local presence.
• Company Registration: No explicit mention of their company registration number or regulatory body details (e.g., ICAEW, ACCA) on the homepage, which is crucial for an accounting firm.

While the website presents a compelling narrative of support and expertise, the absence of upfront pricing and easily locatable regulatory information or a physical address on the main page means potential clients need to dig deeper or engage in a call before fully understanding the commercial terms and professional affiliations. For a service dealing with crucial financial matters, greater transparency in these areas would significantly enhance trust.

Best Alternatives for Ethical Accounting and Business Support:

When it comes to managing your business finances ethically and effectively, especially in the UK, you want partners who offer transparency, clear pricing, and verifiable professional credentials. Here are some top alternatives that align with these principles:

• Crunch

  • Key Features: Comprehensive online accounting software and services tailored for freelancers, contractors, and small businesses. Includes bookkeeping, payroll, VAT, and self-assessment. Integrates with various business tools.
  • Price or Average Price: Offers various packages starting from around £45 + VAT per month for self-employed, scaling up for limited companies.
  • Pros: User-friendly online platform, dedicated accountant support, clear pricing plans, strong reputation in the UK market.
  • Cons: Higher price point than some DIY options, best suited for those comfortable with online systems.

• FreeAgent

  • Key Features: Cloud accounting software designed for small businesses and freelancers. Simplifies invoicing, expenses, payroll, and tax returns. Many UK banks offer it for free to business account holders.
  • Price or Average Price: Typically around £19 + VAT per month, but often free through business banking partners.
  • Pros: Intuitive interface, excellent for managing cash flow, robust reporting, widely integrated with UK banking.
  • Cons: May require an accountant for complex tax scenarios, some advanced features might be limited compared to enterprise solutions.

• Xero

  • Key Features: A leading cloud-based accounting software globally, offering comprehensive tools for invoicing, bank reconciliation, inventory management, payroll, and reporting. Highly scalable.
  • Price or Average Price: Plans range from £15 to £60 per month + VAT, depending on features and number of users.
  • Pros: Extensive features, vast ecosystem of integrations (over 1,000 apps), strong community support, widely used by accountants.
  • Cons: Can be overwhelming for complete beginners without prior accounting knowledge, some advanced features require higher-tier plans.

• QuickBooks Online UK

  • Key Features: Popular accounting software for small businesses, providing tools for invoicing, expense tracking, payroll, VAT, and financial reporting. Offers mobile app functionality.
  • Price or Average Price: Plans from £12 to £35 per month + VAT, with discounts often available for new subscribers.
  • Pros: User-friendly for non-accountants, strong reporting capabilities, widely supported by UK accountants, good for managing multiple aspects of business finance.
  • Cons: Pricing can increase after introductory offers, some users find the interface less intuitive than Xero.

• KashFlow

  • Key Features: UK-specific cloud accounting software with a focus on simplicity. Offers invoicing, bank reconciliation, VAT returns, and payroll. Suitable for small businesses and contractors.
  • Price or Average Price: Basic plans start around £9 + VAT per month, with more comprehensive options available.
  • Pros: Very easy to use, excellent for UK VAT compliance, good customer support, designed with UK tax regulations in mind.
  • Cons: May lack some of the more advanced features found in Xero or QuickBooks, primarily aimed at smaller businesses.

• GoSimpleTax

  • Key Features: Specialises in self-assessment tax returns, simplifying the process for sole traders, landlords, and individuals. Connects directly to HMRC.
  • Price or Average Price: Typically a one-off annual fee per tax return, often around £40-£50.
  • Pros: Extremely user-friendly for self-assessment, ensures compliance with HMRC, provides tax-saving tips, and direct submission.
  • Cons: Focused solely on self-assessment; not a full accounting solution for ongoing business operations.

• TaxAssist Accountants

  • Key Features: A large network of local accountants across the UK, offering face-to-face and online services for small businesses, self-employed, and individuals. Provides bookkeeping, payroll, year-end accounts, tax planning, and business advice.
  • Price or Average Price: Varies by location and service, typically quoted after an initial consultation.
  • Pros: Personalised local service, broad range of offerings, physical presence for those who prefer it, established reputation.
  • Cons: Pricing can be less transparent upfront, may not be as cost-effective for very small or simple needs compared to pure software solutions.

Find detailed reviews on Trustpilot, Reddit, and BBB.org, for software products you can also check Producthunt.

IMPORTANT: We have not personally tested this company’s services. This review is based solely on information provided by the company on their website. For independent, verified user experiences, please refer to trusted sources such as Trustpilot, Reddit, and BBB.org.

Wedoaccounting.co.uk Review & First Look

When you land on wedoaccounting.co.uk, the immediate impression is one of professionalism and user-friendliness. The website employs a clean layout, clear calls to action, and a narrative that directly addresses common pain points for business owners and individuals managing their finances in the UK. The primary message conveyed is that they offer “Accountancy and much more!”, aiming to be a dedicated partner rather than just a service provider. This initial impression suggests a company that understands its audience and strives to build trust from the outset.

Initial Impressions of the Homepage

The homepage is designed to guide visitors through their service offerings with concise descriptions and “Explore now” links. It immediately highlights their specialisation in small and medium-sized businesses, sole traders, charities, and individuals, indicating a broad yet focused client base. The language used is reassuring, promising to “simplify the complexities” and “lift that burden” of financial management. This psychological approach is a strong point, appealing to those overwhelmed by tax and accounting obligations.

User Experience and Navigation

Navigation on wedoaccounting.co.uk is intuitive. The main services are prominently displayed, allowing users to quickly identify if their needs are met. The “Book Your Free Call” buttons are strategically placed throughout the page, serving as the primary call to action. While this simplifies the user journey towards engagement, it also means that specific details, such as pricing models or a comprehensive list of all sub-services, are not immediately accessible without this initial contact. This design choice, while common for service-based businesses, might be a drawback for users who prefer to gather all information independently before making contact.

The Value Proposition

Wedoaccounting.co.uk positions itself as more than just an accounting service; it aims to be a strategic advisor. This is evident in their emphasis on “business consultancy support” and their willingness to assist businesses facing “tough times,” including potential closure and rebirth planning. This expanded value proposition sets them apart from basic accounting firms, suggesting a holistic approach to business health rather than just compliance. The inclusion of sections on “Solutions for Company Owners Facing Tough Times” and “Struggling with HMRC?” directly addresses high-stress scenarios, demonstrating a deep understanding of their target clients’ struggles.

Wedoaccounting.co.uk Features

Wedoaccounting.co.uk offers a range of accounting and business support features, each designed to address specific financial needs for UK-based entities. The website categorises these services clearly, although detailed specifics of each feature are often reserved for a direct consultation.

Annual Company Accounts

For limited companies in the UK, the annual preparation and submission of accounts to Companies House is a statutory requirement. Wedoaccounting.co.uk highlights this core service, assuring diligence and compliance.

• Key Aspects:
  • Preparation of statutory financial statements.
  • Ensuring compliance with UK GAAP (Generally Accepted Accounting Principles) or IFRS (International Financial Reporting Standards) if applicable.
  • Submission to Companies House and HMRC.
  • Focus on accuracy and timely filing to avoid penalties.

Bookkeeping Services

Accurate bookkeeping is the foundation of sound financial management. Wedoaccounting.co.uk emphasises precision and seamless integration in their bookkeeping offerings.

• Core Components:
  • Recording all financial transactions (sales, purchases, expenses).
  • Bank reconciliation.
  • Maintaining ledgers and journals.
  • Generating comprehensive accounts for clarity.
  • Potentially includes the use of advanced software tools for efficiency.

Personal Tax Accounting

This service caters to sole traders, company directors, and individual taxpayers, focusing on self-assessment filing.

• Service Details:
  • Preparation and submission of self-assessment tax returns.
  • Ensuring accuracy and compliance with HMRC regulations.
  • Advice on allowable expenses and tax reliefs.
  • Aims to minimise tax liabilities while ensuring legality.

VAT Accounting Services

For VAT-registered businesses, timely and accurate VAT return submission is critical. Wedoaccounting.co.uk promises efficiency and compliance using advanced software.

• Key Features:
  • Preparation of quarterly VAT returns.
  • Use of advanced, user-friendly software tools (likely MTD-compliant).
  • Ensuring utmost accuracy and timely compliance with all relevant regulations.
  • Advice on VAT schemes and obligations.

Accounting Support Services

Beyond standard compliance, wedoaccounting.co.uk offers direct advisory support. Illuminatefx.co.uk Review

• Support Offerings:
  • Open discussion channels for business owners to voice concerns.
  • Practical advice and direction to overcome challenges.
  • Guidance for securing improved business results and outcomes.
  • Acts as a sounding board for strategic decisions.

Management Accounts & Reporting Services

This feature provides in-depth financial insights for strategic decision-making and planning.

• Reporting Capabilities:
  • Preparation of regular management accounts (e.g., monthly, quarterly).
  • Analysis of business performance (e.g., profitability, cash flow, budget vs. actual).
  • Key Performance Indicator (KPI) tracking.
  • Aiding in strategic planning and operational improvements.

Business Turnaround & Closure Support

A unique and significant feature is their specialised support for businesses facing difficulties, including potential closure or director’s loan demands.

• Specialised Areas:
  • Problem-solving for distressed businesses.
  • Expert teams in accountancy, law, finance, creditor negotiations, debt collection, and sales & marketing.
  • Guidance through business closure processes.
  • Assistance with director’s loan demands, including forensic accounting, business review, legal expertise, and strategic negotiation.
  • Support for business rebirth after closure.

Wedoaccounting.co.uk Pros & Cons

A critical review of any service, especially one as crucial as accounting, requires an honest look at its strengths and weaknesses. Wedoaccounting.co.uk presents several appealing aspects, but also areas where a potential client might seek more clarity upfront.

Pros of Wedoaccounting.co.uk

The website highlights several key advantages that would appeal to its target audience.

• Comprehensive Service Offering: Wedoaccounting.co.uk covers a wide spectrum of services, from routine compliance (annual accounts, VAT, payroll) to strategic advisory and crisis management (HMRC issues, director’s loans, business turnaround). This breadth means a single point of contact for diverse financial needs, which can be highly convenient for busy business owners.
• Specialisation in Crisis Management: Their explicit focus on helping businesses in “tough times,” including those facing closure or HMRC scrutiny, is a significant differentiator. Many accounting firms focus primarily on growth and compliance, whereas Wedoaccounting.co.uk offers a lifeline during challenging periods. This niche expertise, particularly in areas like director’s loan demands, adds substantial value.
• Client-Centric Language: The website uses empathetic and reassuring language, promising to “lift the burden” and provide “peace of mind.” This focus on the client’s emotional and practical needs helps build rapport and trust, suggesting a supportive partnership rather than a transactional service.
• User-Friendly Website: The website is clean, easy to navigate, and articulates its services clearly without excessive jargon. The calls to action are prominent, guiding users efficiently towards booking a consultation.
• Emphasis on Support and Advice: Beyond just processing numbers, the site stresses the importance of “practical advice, support and direction.” This indicates a consultancy-driven approach, aiming to empower clients to make informed decisions and improve their business results.
• Positive Testimonials: While only one video testimonial is prominently displayed, it adds a personal touch and a degree of social proof, with a client expressing satisfaction with the service.

Cons of Wedoaccounting.co.uk

Despite its strengths, there are areas where wedoaccounting.co.uk could improve transparency and provide more direct information.

• Lack of Transparent Pricing: A significant drawback is the absence of any pricing information on the website. Users are required to “Book Your Free Call” to discuss fees. While common in professional services, upfront pricing or even a pricing structure (e.g., fixed fees per service, tiered packages) allows potential clients to quickly assess affordability and compare options without an initial commitment. This can be a barrier for those who prefer to research extensively before engaging.
• Limited Information on Credentials/Affiliations: The homepage does not explicitly mention their professional accreditations (e.g., ICAEW, ACCA, CIMA) or their company registration number. For an accounting firm, showcasing these credentials is vital for establishing credibility and assuring clients of their adherence to professional standards and regulatory oversight. While they state an “exceptional track record in the UK,” specific regulatory details are missing from the immediate view.
• No Physical Address Displayed Prominently: While they serve clients across the UK, a physical office address is not easily discoverable on the homepage. Many clients, especially small business owners, prefer to know if there’s a local presence or a registered office they can verify, which contributes to trust and legitimacy.
• Generic Service Descriptions: While the services are listed, the descriptions are quite high-level. Deeper dives into specific methodologies, software used (beyond “advanced, user-friendly software tools”), or the typical process for each service are not readily available without direct consultation.
• Reliance on “Free Call” for Details: The consistent push to “Book Your Free Call” for almost all detailed inquiries, while good for lead generation, can be frustrating for users seeking quick answers or comprehensive comparisons with competitors.
• Ambiguous “0+” Statistics: The statistics presented (e.g., “0+ Years of Experience,” “0+ New Businesses Started”) are clearly placeholders or indicate a dynamic counter that might not be fully implemented or visible. This ambiguity detracts from the professional image and the trustworthiness of presented data. Real, quantifiable figures would be much more impactful.

Wedoaccounting.co.uk Alternatives

When seeking accounting and business advisory services, exploring alternatives is a wise step to ensure the best fit for your specific needs, values, and budget. While wedoaccounting.co.uk offers a tailored approach, especially for businesses in distress, other providers might offer different strengths in terms of pricing, service models, or technology integration.

Cloud-Based Accounting Software with Accountant Support

Many modern businesses opt for a hybrid approach, using cloud accounting software combined with support from certified accountants. This often provides a good balance of cost-effectiveness, control, and professional oversight.

• Xero with a Xero-Certified Accountant:

  • Reasoning: Xero is a leading global cloud accounting platform. Partnering with a Xero-certified accountant ensures you leverage the software’s full capabilities while receiving expert advice tailored to your business. This approach offers transparent software pricing and variable accountant fees, which can often be more flexible.
  • Pros: Real-time financial data, extensive app marketplace, collaborative platform for you and your accountant, high data security.
  • Cons: Requires commitment to learn the software, monthly software subscription costs in addition to accountant fees.

• QuickBooks Online UK with an Accountant Partner:

  • Reasoning: Similar to Xero, QuickBooks Online is widely used and offers robust features. Many UK accountants are QuickBooks ProAdvisors, enabling them to provide seamless support, tax planning, and compliance services using the platform.
  • Pros: Strong reporting, payroll integration, vast number of accountants familiar with the system, good for scaling businesses.
  • Cons: Can be more expensive than Xero for comparable features, some users find the interface less intuitive.

Dedicated UK Accounting Firms

For businesses preferring a more traditional, hands-on accounting relationship or needing highly specialised advice, independent firms or networks of accountants remain a strong choice. Accountinext.co.uk Review

• TaxAssist Accountants:

  • Reasoning: As a large network of local accountants across the UK, TaxAssist offers personalised service with a physical presence. They cater specifically to small businesses and sole traders, providing everything from bookkeeping to tax planning and year-end accounts. Their local model can be reassuring for businesses wanting face-to-face interaction.
  • Pros: Local presence, broad range of services, established brand, tailored advice for small businesses.
  • Cons: Pricing varies by franchise and can be less transparent initially, may not leverage technology as heavily as cloud-native firms.

• SME-Focused Chartered Accountancy Firms:

  • Reasoning: Searching for local chartered accountants (ICAEW or ACCA certified) specifically advertising services for SMEs provides access to highly qualified professionals who adhere to stringent ethical and professional standards. These firms often offer bespoke solutions, strategic business advice, and tax efficiency planning.
  • Pros: High level of expertise, regulatory compliance assurance, personalised service, strong focus on strategic growth.
  • Cons: Potentially higher fees than online-only services, finding the right firm requires due diligence and initial consultations.

Specialist Business Advisory Services

For businesses primarily seeking turnaround solutions, debt advice, or complex tax dispute resolution, specialist advisory firms might offer deeper expertise.

• Insolvency Practitioners (IPs) for Business Closure/Turnaround:

  • Reasoning: If the primary concern is business insolvency, turnaround, or dealing with director’s loan claims, regulated Insolvency Practitioners (IPs) are the specific professionals trained and licensed for these complex situations. They can provide formal advice on restructuring, administration, or liquidation, and handle negotiations with creditors and HMRC directly.
  • Pros: Legally mandated and regulated expertise in insolvency, can formally manage complex financial distress, clear legal framework for operations.
  • Cons: Their primary role is often related to formal insolvency processes, which might not be what every business owner seeks initially. Fees can be significant.

• Tax Dispute Resolution Specialists:

  • Reasoning: For direct disputes with HMRC, specialist tax advisors or firms that focus on tax investigations and dispute resolution have deep knowledge of tax law and negotiation tactics. They can provide more focused expertise than a general accountant when facing complex HMRC challenges.
  • Pros: Highly specialised knowledge in tax law and dispute resolution, direct experience with HMRC negotiation, potentially better outcomes in complex cases.
  • Cons: Often more expensive due to specialisation, focus is narrow and doesn’t cover general accounting.

How to Cancel Wedoaccounting.co.uk Subscription

Based on the information available on the wedoaccounting.co.uk homepage, there isn’t a direct “cancel subscription” button or a dedicated cancellation policy page. This is typical for service-based businesses that offer bespoke accounting solutions rather than a standard monthly subscription with automated cancellation.

Understanding the Service Model

Wedoaccounting.co.uk operates on a service-based model where clients engage them for ongoing accounting support, specific projects (like annual accounts or tax returns), or crisis management. This implies that the relationship is likely governed by a service agreement or engagement letter signed at the outset. Such agreements typically outline the terms of service, payment schedules, and, crucially, the procedures for terminating the engagement.

Steps to Cancel Services

To cancel your services with wedoaccounting.co.uk, you would typically follow these steps:

1. Review Your Engagement Letter/Agreement: The first and most important step is to locate and review the initial contract or engagement letter you signed with wedoaccounting.co.uk. This document should clearly state the notice period required for cancellation, any fees associated with early termination, and the process for handover of your financial records. A common notice period for accounting services is 30 or 60 days.
2. Contact Your Dedicated Accountant/Point of Contact: Reach out directly to your assigned accountant or the primary contact person at wedoaccounting.co.uk. A direct conversation allows for clarity, discussion of any outstanding matters, and a smooth transition.
3. Submit Written Notice (Formal Communication): Even after a verbal discussion, it’s highly advisable to follow up with a formal written notice of your intention to cancel. This could be an email or a formal letter. Ensure your written notice clearly states:
   • Your business name and client reference number.
   • The effective date of cancellation (adhering to the notice period).
   • A request for confirmation of cancellation.
   • A request for details regarding the handover of your financial records, documents, and access to any software or portals.
4. Confirm Outstanding Fees and Payments: Before finalising the cancellation, confirm any outstanding fees, work-in-progress, or liabilities. Ensure all invoices are settled according to the terms of your agreement.
5. Arrange for Data Handover: A crucial part of switching accountants is the smooth transfer of your financial data. This includes:
   • Access to your accounting software (e.g., Xero, QuickBooks).
   • Copies of all submitted accounts and tax returns.
   • Any working papers or supporting documents.
   • Details of payroll, VAT, and company secretarial records.
     Your previous accountant should cooperate with your new accountant for a seamless transfer, often via a professional clearance letter.

Important Considerations

• Notice Period: Always adhere to the notice period specified in your contract to avoid additional charges or disputes.
• Data Retrieval: Ensure you retrieve all your financial data. Under professional guidelines, accountants are generally required to provide clients with their own records.
• Professional Clearance: Your new accountant will typically send a “professional clearance” letter to wedoaccounting.co.uk (your outgoing accountant) to confirm the handover and ensure all professional courtesies are observed.

Given the absence of an online cancellation portal, the process for cancelling with wedoaccounting.co.uk will rely heavily on direct communication and adherence to the terms outlined in your initial service agreement. It is always best to maintain clear, documented communication throughout the process.

How to Cancel Wedoaccounting.co.uk Free Trial

The wedoaccounting.co.uk website does not explicitly offer a “free trial” in the traditional sense, such as a trial period for accounting software. Instead, their primary call to action, repeated throughout the site, is to “Book Your Free Call.” This “free call” is designed as an initial consultation to discuss your specific needs, assess their services, and provide a tailored quote. Hertssigns.co.uk Review

Nature of the “Free Call”

This “free call” serves as a preliminary, no-obligation discussion, not a trial of an ongoing service.

• Purpose: To understand your business, current financial situation, and accounting requirements.
• Outcome: To determine if wedoaccounting.co.uk is a suitable fit for your needs and to potentially provide a bespoke service proposal and pricing.
• No Commitment: There is no financial or contractual obligation associated with this free call.

No Cancellation Needed for a “Free Call”

Since the “free call” is a one-off consultation and not a recurring service or trial subscription, there is no formal cancellation process required for it.

What to Do If You Booked a Free Call and No Longer Need It

If you have scheduled a “free call” with wedoaccounting.co.uk but your circumstances have changed, or you no longer wish to proceed, the appropriate action is simple:

1. Inform Them Directly: The most courteous and professional approach is to directly inform wedoaccounting.co.uk that you need to cancel or reschedule your free call.
2. Contact Method: Use the contact information provided when you booked the call. This is typically via email or phone. Look for a confirmation email you received after booking, as it will likely contain details on how to manage or cancel your appointment.
3. Provide Notice: As a general courtesy, try to give as much notice as possible. This allows them to reallocate their time.
   • Example Email: “Dear Wedoaccounting Team, I hope this email finds you well. I am writing to cancel my free consultation call scheduled for [Date] at [Time]. My circumstances have changed, and I no longer require the consultation at this time. Thank you for your understanding. Kind regards, [Your Name].”

Key Takeaway

You do not need to “cancel” a free trial with wedoaccounting.co.uk because they don’t offer one in the typical subscription model. The “free call” is an introductory discussion. A simple notification to them if you no longer need the scheduled call is sufficient.

Wedoaccounting.co.uk Pricing

One of the most notable aspects of wedoaccounting.co.uk, based on their homepage, is the absence of explicit pricing information. This is a common practice among professional service providers, particularly accounting firms that offer tailored solutions rather than standardised, off-the-shelf packages.

Why No Upfront Pricing?

• Tailored Services: Accounting needs vary significantly from one business to another. A sole trader’s requirements are vastly different from a medium-sized limited company or a charity. Services like annual accounts, VAT, payroll, and complex tax investigations all have different levels of complexity and time commitment.
• Complexity of Work: The scope of work for even a seemingly simple service can change based on the client’s record-keeping quality, transaction volume, industry specifics, and the historical state of their finances.
• Value-Based Pricing: Many accounting firms move away from hourly rates towards value-based pricing, where the fee reflects the value delivered (e.g., tax savings, efficiency gains, peace of mind) rather than just the time spent. This often requires a deeper understanding of the client’s situation.
• Consultative Approach: The “Book Your Free Call” strategy is designed to facilitate a direct conversation where they can understand the client’s specific challenges and then propose a customised solution with an appropriate fee. This allows them to provide a precise quote rather than generic estimates that might not apply.

How to Get a Quote from Wedoaccounting.co.uk

To ascertain the cost of services from wedoaccounting.co.uk, you would need to engage with their primary call to action: “Book Your Free Call.”

1. Book Your Free Call: This is the essential first step. During this initial, no-obligation consultation, you will have the opportunity to discuss your business, your current financial situation, your specific accounting and business support needs, and any challenges you are facing (e.g., HMRC issues, director’s loan demands).
2. Needs Assessment: The team at wedoaccounting.co.uk will use this call to conduct a thorough needs assessment. They will ask questions about your business structure, turnover, number of employees, transaction volume, the complexity of your tax affairs, and the specific services you require.
3. Receive a Tailored Proposal: Based on this discussion, they will then prepare a tailored proposal or quotation that outlines the scope of services they recommend and the associated fees. This proposal would likely detail:
   • Fixed Fees: For recurring services like annual accounts, monthly bookkeeping, or payroll.
   • Project-Based Fees: For one-off projects like tax investigations, business turnaround planning, or director’s loan resolutions.
   • Hourly Rates: Potentially for ad-hoc advisory work not covered by a fixed fee, though many modern firms prefer fixed fees.
   • Payment Terms: How and when payments are due (e.g., monthly direct debit, upfront payment for projects).

General Expectations for Accounting Service Pricing in the UK

While wedoaccounting.co.uk doesn’t display prices, general benchmarks for accounting services in the UK can offer some context:

• Sole Traders/Freelancers (Self-Assessment only): Often range from £200 to £500+ per year.
• Small Limited Companies (Annual Accounts & Corporation Tax): Typically range from £500 to £1,500+ per year, depending on turnover and complexity.
• Bookkeeping Services: Can range from £50 to £300+ per month, depending on transaction volume and whether it includes VAT returns.
• Payroll Services: Often charged per payslip, per month (e.g., £5-£15 per employee per month).
• Advisory/Consultancy: Can be charged hourly (£50-£200+ per hour) or as a fixed project fee, highly dependent on the nature and complexity of the advice.

These figures are very broad estimates. The actual cost from wedoaccounting.co.uk would be specific to your circumstances, as determined during their free consultation. The lack of upfront pricing means you must invest time in a call to get this crucial financial information.

Wedoaccounting.co.uk vs. Competitors

When evaluating wedoaccounting.co.uk, it’s insightful to compare its offering against common competitors in the UK accounting landscape. This helps to highlight its unique selling points and areas where other providers might be a better fit. We’ll compare it against three archetypal competitors: a large online accounting software provider, a local independent accounting firm, and a specialist insolvency practitioner.

Wedoaccounting.co.uk vs. Xero (and Integrated Accountants)

• Wedoaccounting.co.uk: Focuses on a comprehensive, hands-on service approach, from compliance to crisis management. The emphasis is on personalised advice and problem-solving, particularly for distressed businesses. The client relationship is direct and advisory-led, requiring an initial consultation to scope needs and pricing.
• Xero (and Xero-Certified Accountants): Xero itself is a cloud-based accounting software. Its “competitor” in this context is the combination of the software with support from a Xero-certified accountant. This model gives clients direct access to their financial data in real-time and often a more proactive, technology-driven relationship with their accountant. Pricing typically involves a monthly software subscription plus separate accountant fees.
  • Key Differences:
    • Technology Integration: Xero offers a robust, app-integrated platform for real-time data access. Wedoaccounting.co.uk mentions using “advanced, user-friendly software tools” for VAT but doesn’t explicitly promote client access to a specific platform, implying a more managed service where they handle the tools.
    • Transparency: Xero’s software pricing is transparent. Accountant fees integrated with Xero can vary but are often clearly outlined by firms. Wedoaccounting.co.uk requires a consultation for all pricing.
    • Control: With Xero, businesses often have more direct control over their financial inputs, with the accountant reviewing and advising. Wedoaccounting.co.uk appears to offer a more “done-for-you” service.
  • Best For:
    • Wedoaccounting.co.uk: Businesses seeking a high-touch, advisory service, especially those facing complex issues like HMRC disputes or director’s loan demands, and who prefer a single provider for broad support.
    • Xero & Accountants: Businesses wanting modern cloud accounting, real-time data, and a collaborative approach with their accountant, often those who are comfortable with digital tools and want some level of direct involvement in their bookkeeping.

Wedoaccounting.co.uk vs. TaxAssist Accountants (Local Independent Firms)

• Wedoaccounting.co.uk: Positioned as a dedicated partner with a strong focus on strategic support, crisis intervention, and specific issues like director’s loan demands. Their emphasis is on problem-solving and proactive advice.
• TaxAssist Accountants (and similar local firms): These firms typically offer a comprehensive suite of accounting services for small businesses and individuals, often with a strong emphasis on local, face-to-face service. They build long-term relationships and handle general compliance, payroll, and basic tax planning.
  • Key Differences:
    • Specialisation: Wedoaccounting.co.uk highlights its specialisation in business turnaround and complex financial challenges. Local firms often provide general accounting expertise, though some may have niche specialisms.
    • Accessibility: TaxAssist offers local offices for in-person meetings. Wedoaccounting.co.uk appears to operate more nationally, relying on online/phone consultations, though a physical address is not prominent on their homepage.
    • Brand & Network: TaxAssist is a large franchise network with established local presences. Wedoaccounting.co.uk presents as an independent firm, potentially offering a more boutique experience.
  • Best For:
    • Wedoaccounting.co.uk: Businesses with complex, urgent issues needing a focused problem-solving approach, or those seeking strategic consultancy beyond routine compliance.
    • TaxAssist & Local Firms: Small businesses and individuals who value local presence, face-to-face interaction, and a reliable partner for general, ongoing accounting and tax compliance.

Wedoaccounting.co.uk vs. Insolvency Practitioners (IPs)

• Wedoaccounting.co.uk: Offers “Solutions for Company Owners Facing Tough Times,” including advice on business closure and fighting director’s loan demands. They present a holistic team with legal and financial expertise.
• Insolvency Practitioners (IPs): These are legally licensed professionals who deal with formal insolvency processes (liquidation, administration, bankruptcy, IVAs, CVAs). Their role is legally defined, and they act for the creditors and company, rather than solely the directors.
  • Key Differences:
    • Scope & Legal Authority: IPs operate under specific insolvency laws and have legal powers to manage distressed companies, including asset realisation and creditor distribution. Wedoaccounting.co.uk offers advisory and negotiation support, potentially working with IPs or helping before formal insolvency.
    • Regulatory Framework: IPs are heavily regulated by bodies like the IPA or ICAEW. While wedoaccounting.co.uk implies professional standards, it doesn’t explicitly state its regulatory body for formal insolvency work (if any).
    • Focus: IPs are focused on formal insolvency and rescue mechanisms. Wedoaccounting.co.uk also focuses on rescue but expands to general accounting and pre-insolvency advisory.
  • Best For:
    • Wedoaccounting.co.uk: Businesses looking for proactive advice to avoid formal insolvency, or those needing a partner to navigate director’s loan challenges and negotiate with HMRC without necessarily entering a formal insolvency process.
    • Insolvency Practitioners: Businesses that have already reached a point of formal financial distress, requiring legally defined procedures like liquidation, or where a CVA/IVA is the best course of action. They are the go-to for formal restructuring or winding up.

In essence, wedoaccounting.co.uk positions itself strongly in the advisory and problem-solving space, particularly for businesses in difficulties, while also offering standard accounting compliance. Its main challenge against competitors lies in its lack of upfront pricing and transparency regarding specific professional affiliations, which can be critical factors for many businesses. Wellnessdistrict.co.uk Review

FAQ

What is wedoaccounting.co.uk?

Wedoaccounting.co.uk is a UK-based accounting and business consultancy service tailored for small and medium-sized businesses, sole traders, charities, and individuals, offering services from annual accounts and bookkeeping to tax accounting and business turnaround support.

Is wedoaccounting.co.uk a legitimate company?

Based on the website’s professional presentation and detailed service offerings, it appears to be a legitimate accounting service. However, specific regulatory details like company registration number or professional affiliations are not prominently displayed on the homepage.

What services does wedoaccounting.co.uk offer?

They offer annual company accounts, bookkeeping services, personal tax accounting (self-assessment), VAT accounting, accounting support services, management accounts & reporting, and specialised solutions for businesses facing tough times, including HMRC issues and director’s loan demands.

How do I get a quote from wedoaccounting.co.uk?

You need to “Book Your Free Call” through their website to discuss your specific needs. They will then provide a tailored proposal and quotation based on your requirements.

Does wedoaccounting.co.uk offer a free trial?

No, wedoaccounting.co.uk does not offer a free trial for ongoing services or software. They offer a “Free Call,” which is a no-obligation initial consultation to discuss your accounting needs.

How do I cancel a scheduled free call with wedoaccounting.co.uk?

If you have booked a free call and no longer need it, you should directly contact them via email or phone to inform them that you wish to cancel or reschedule your appointment.

What is the cancellation policy for wedoaccounting.co.uk services?

The cancellation policy is not detailed on the website’s homepage. It would typically be outlined in the engagement letter or service agreement you sign when becoming a client, which usually specifies a notice period for termination.

Does wedoaccounting.co.uk help with HMRC issues?

Yes, the website explicitly states they can help businesses struggling with HMRC issues related to VAT, CIS, Corporation Tax, and PAYE.

Can wedoaccounting.co.uk help with director’s loan demands?

Yes, they offer specialised support for director’s loan demands, including forensic accounting analysis, business review, legal expertise, and strategic negotiation to help reduce or eliminate demands.

Who is the target audience for wedoaccounting.co.uk?

Their services are tailored for small and medium-sized businesses, sole traders, charities, and individuals in the UK seeking professional bookkeeping, accountancy, and business consultancy support. Greatnorthlodges.co.uk Review

Are there any testimonials for wedoaccounting.co.uk?

Yes, the homepage features at least one video testimonial from a client named Sayeed, who highly recommends their services.

Does wedoaccounting.co.uk provide business growth advice?

Yes, they offer business growth support, including benchmarking against competitors, action plan preparation based on strengths and weaknesses, and assessment of financial accounts for efficiency.

Is there a physical address for wedoaccounting.co.uk listed on the homepage?

No, a physical address is not prominently displayed on the homepage. Information on their registered office might be available on their ‘Contact Us’ page or terms of service, but it’s not immediately visible.

Does wedoaccounting.co.uk provide payroll services?

While not explicitly listed as a standalone service, payroll is often part of comprehensive bookkeeping and accounting support, and it is implied through their mention of PAYE support for HMRC issues.

Do they use specific accounting software?

The website mentions using “advanced, user-friendly software tools” for VAT returns but does not specify which particular accounting software they utilise (e.g., Xero, QuickBooks).

What makes wedoaccounting.co.uk different from other accountants?

They position themselves as a “dedicated partner” offering comprehensive support, with a strong emphasis on strategic advice and crisis intervention for businesses facing financial difficulties, including turnaround and closure planning.

Can wedoaccounting.co.uk help with closing a business?

Yes, they specialise in helping business owners close their companies correctly and transition smoothly into new ventures, aiming to prevent unforeseen liabilities or investigations.

Do they offer services for charities?

Yes, their services are tailored for charities alongside small and medium-sized businesses, sole traders, and individuals.

What kind of “accounting support services” do they offer?

These services involve open discussions where clients can seek practical advice, support, and direction to overcome challenges and secure improved business results and outcomes.

How quickly can I start working with wedoaccounting.co.uk?

The first step is to book a “Free Call” to discuss your needs. The onboarding process and commencement of services would then depend on the complexity of your requirements and the terms of your engagement. Fitcreative.co.uk Review