MRH Solutions Ltd - Director Roberto Lucchesi – My Story Of Outsourcing
For a number of years up to 2003 we had used the services of a large local accounting practice. In honesty we never really questioned their service levels because like many other businessmen I didn't have any real feeling for the kind of service I should have been receiving from my Accountant.
We did all the bookkeeping in house and at the end of the year they took our books and produced a set of accounts and a corporation tax return. This was always a nervous time as we were never sure what the tax bill was going to be and more importantly how we would pay it.
And after waiting 8 months for them to produce the accounts – It finally hit me...
- An invoice for £2,475 which in addition to what I paid our bookkeeper (£1,800) brought our Total Accounting Costs to £4,275.00
- A large Corporation Tax Bill and One Month to find the cash
- A single meeting to collect the accounts and receive their 'value added advice' and their bill - a full eight months after my year end
- Meeting with someone at the firm I had never met before and who had no idea whatsoever about my business or financial affairs
A Friend of mine said talk to Nigel Simmons Senior Partner at Acconomy...
Naturally I was very sceptical but certainly knew that I had to do something positive. Nigel was a real breath of fresh air and what he suggested made absolute sense...
This is What We Now Get From Acconomy...
- We send all our paperwork to Acconomy at the end of each month and we have the same accounts person input our sales and purchase invoices every month. We'll never need to update our accounts package or buy new hardware again and we no longer retain our bookkeeper.
- Our VAT Returns are prepared quarterly as are our accurate up to date Management Accounts – which Nigel guides me through giving pertinent and timely advice – My Bank Manager is very pleased with me as you can imagine.
- Tax Planning is now on going and proactive. There are never ever any unknown bills around the corner because we know exactly where we are month by month. And importantly Acconomy are able to put strategies in place to mitigate our liabilities.
- We only have two points of contact at Acconomy – Our dedicated Accounts Manager and Nigel Simmons himself and as Nigel promised the day he met with me he is always accessible by phone and email – no matter how daft my question is.
And The Cost Savings...
We pay £260 per month and spreading payments over the year is a real boost to cash flow. That's an OVERALL SAVING OF 25% PER YEAR.
In addition The Reduction in Tax through proactive Tax Planning has been significant and the service we get incomparable
But The Most Important Thing To Come Out Of My Relationship With Acconomy...
"A fantastic service which really adds value and allows me to manage my business in a way I never thought possible. Advice when I need it and at no extra cost. And certainly one of the very best business decisions I have ever made."
Roberto Lucchesi MD MRH Solutions Ltd
