THE FRIENDLY ACCOUNTANTS Reviews 118

TrustScore 4.5 out of 5

4.4

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Rated 5 out of 5 stars

Very happy with the service provided regarding cryptocurrency taxes. I dealt with Richard, Claire and Joanne and they were all friendly and quick to respond to any of my calls or emails. I won't hesit... See more

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Rated 1 out of 5 stars

Very disappointed with the first impression of this so called friendly accountant. After finding them online I needed to speak to someone very briefly regarding a couple of questions I had prior to c... See more

Company replied

Rated 5 out of 5 stars

I have used Richard and his team now for quite a few years. His must be the leading UK practice for guiding people with crypto portfolios. I have kept mine relatively simple but even when you... See more

Company replied

Rated 5 out of 5 stars

The advice and service I've received from The Friendly Accountants has been first class. Having been dealing in crypto since 2017, I've always hated doing my own tax returns. Having Richard and team o... See more

Company replied

Company details

  1. Chartered Accountant

Information provided by various external sources

Chartered Accountants & Tax Specialists. Working Online With Small Businesses, Contractors, eCommerce Businesses, Property Taxes, Freelancers & Crypto Taxes Across The UK & Overseas. Trusted Xero and FreeAgent Expert Accountants.


Contact info

4.4

Excellent

TrustScore 4.5 out of 5

118 reviews

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Rated 5 out of 5 stars

Nice & friendly

I sent a email asking a couple of questions. Quick response & so friendly. Really thankful.

June 28, 2021
Unprompted review
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Reply from THE FRIENDLY ACCOUNTANTS

Thank you for your positive feedback!

Rated 1 out of 5 stars

Poor tax advice & additional fees…

Friendly to begin with but discovered TFA were not trustworthy accountants with poor tax advice and lots of "additional fees". I would not recommend TFA due to the following facts;

1. Since moving to a new accountant, they have reviewed previous tax returns and seen that we have been over paying tax and poorly advised on our tax set up by TFA. Current accountant is now making the changes for last years return in order for us to get back £5,342 that we have over payed in tax last year (2019-2020) whilst with TFA.

2. Before entering an engagement with TFA I repeated myself multiple times and made it abundantly clear that I needed plenty of support as I was new to accounting. TFA were very responsive and answered all and any questions I had, reassuring me that no question was silly or a problem. I started an engagement with TFA and paid for the All inclusive services which includes "Free unlimited support - free telephone, email, meeting support from TFA". However later TFA increased my fees by £200 from those originally agreed due to "significant amount of advice, correspondence and support" - this was well known prior to the engagement starting and they had profusely reassured me this wouldn't be an issue.

3. I told TFA that I had a student loan. I later received a late payment fine from HMRC for not including student loan in self assessment tax return. TFA said they appealed the fine. Despite my numerous emails to TFA to check that the fine had been fully resolved, after calling HMRC myself I found the fine had not been resolved and was accruing interest. I paid the fine and interest. No apology received from TFA.

4. I decided to close down my company via MVL in 2021 and was invoiced by TFA and paid £312 for accounting strike off/company closure fees. Thankfully I was advised by an independent party that these fees were not applicable to my case and my accountant should not have charged me for this. When i raised this with TFA I received a refund but no apology for advising me incorrectly to pay additional fees.

5. I was told I need to pay £120 +VAT to keep freeagent open for 4 months post year end even though I have been paying for a free agent subscription as part of my monthly fees and the TFA company closure terms stated very clearly that freeagent fees were only applicable if bookeeping was not completed within a month of year end. Mine were completed before year end, so not sure why i was being advised to pay this.

6. TFA asked if I wanted freeagent to be kept open to file my last VAT return, otherwise it could be closed. I was invoiced and paid £72 to keep freeagent open (for 1 month post my company year end) to submit my last VAT return. TFA later advised that I wouldn't be able to submit my VAT return via freeagent, again no apology for incorrectly charging me and instead I was told that I needed to pay these fees for year end accounting purposes. Once again reminded them of their own terms in their company closure/strike off document and was refunded the money. Again no apology for incorrectly charging me additional fees.

7. I asked TFA for some advice on capital gains. I was told it would be an additional £850 + VAT for capital gains tax advice. To check if this fee from TFA was reasonable I called 4 different accounting firms, all of which I have no connection with. 3 gave me the advice for free during a 5-10 minute telephone call, 1 wrote me a detailed email and charged me £79.

8. After receiving this advice I wrote TFA an email and made it very clear what was required. This was noted and no issues, however 2 months later, after freeagent had been closed and capital distribution (less than 13k) had been made TFA sent me an email stating the capital disclosure element of the personal tax return is outside of their usual terms of engagement and I would need to pay additional fees

June 27, 2021
Unprompted review
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Reply from THE FRIENDLY ACCOUNTANTS

Dear Sally

It is very disappointing to receive such negative feedback especially as the overwhelming majority of our clients do not share your view.

However, given the seriousness of your allegations we think it’s appropriate that we respond to these.

When you first came to us several years ago (after engaging your previous accountant for only a few months) we fully appreciated that you were anxious and did our best to reassure you. Naturally, we wish to support our clients and provide guidance whenever we can and when possible.

However, the level of advice and support you required from ourselves was far beyond what any of our other clients have ever needed. Because we are a small firm (and not a multi office practice) it naturally proved extremely challenging having to respond to the sheer volume of emails and explanations required by you when you were our client.

We therefore suggested you would be better off finding an accountant that better suited your needs going forward.

We obviously can't comment on any specific potential tax planning that may have been undertaken by your new accountants. However we can confirm that as a result of tax planning advice provided to our clients we have regularly saved them significant tax liabilities. In some cases these have amounted to six figure sums.

In terms of tax advice and planning this was provided on a number of occasions, and you had access to a valuable resource had you chosen to use it. You were not charged additionally for this advice.

As far as the omission of your student loan from your tax return is concerned, we appreciate this is an unfortunate incident. However, we always ask our clients to check their tax returns carefully to make sure they are complete and correct. Given your attention to detail, we are a little surprised you didn’t raise this with us when you originally approved your tax return and before we submitted this to HMRC.

We did in fact speak to HMRC on a number of occasions and submitted a written appeal to HMRC. Unfortunately, the fact that this was not actioned by HMRC is outside of our control.

We would also point out that you were charged a discounted rate for your personal tax returns for several years which was far less than our usual minimum fee. Additionally, your partner’s tax returns were actually prepared for no charge during this period. It is wrong to suggest you have been over charged by us - if anything given the time and effort we spent supporting you throughout your time with us we would argue that you have been undercharged not overcharged.

In terms of closing your company down we came up with a number of suggestions on how to extract your profit in a tax effective manner and discussed these with you at length. However, you decided not to take our advice as you had other priorities which needed meeting.

We also note your comments about contacting other accountants and the advice you were given re fees. We decline to comment further on this, given you were not their client and presumably they did not know your detailed circumstances. However, the question of whether you should be charged for this type of advice is a subjective one and not a question of fact.

We were informed that you wanted to close the company and so raised our fees accordingly for the company closure process. You subsequently appointed an Insolvency Practitioner to close the company for you and advised us that they would be handling the closure for you and requested a refund, which we then processed for you.

We would also point out that the tax saving you would have potentially achieved as a result of our advice was far in excess of our fees. In the end you decided to put the company into voluntary liquidation and pay a higher fee to a liquidator.

We were also informed that your original intention was to extend the company year-end by 3 months which would have necessitated keeping FreeAgent open during this time. This plus the month’s notice period made up the £120+VAT originally quoted.

You then appointed the Insolvency Practitioner and decided to liquidate the company before your year end, which meant the additional fees were not necessary.

As we were not handling the company closure and the VAT de-registration process which is usually part of this, we could only prepare the final VAT return according to the expected return dates. Your final return ran from 1/2/21 to 30/4/21, so this was the initial reason for needing FreeAgent to be kept open. These fees were subsequently fully refunded as part of your final disengagement.

In our view, the additional work and inconvenience caused by this situation was therefore entirely as a result of your own actions.

Given the above, we do not consider that your allegations are correct or warranted though hopefully your new accountant is able to provide you with the level of support you clearly need.

Rated 5 out of 5 stars

Cannot recommend enough

Cannot recommend enough. TFA were extremely helpful when I was applying for my mortgage and needed my company's (reasonably complex) accounts done in a hurry. Richard has also been very patient in explaining various aspects of taxation to me which I'd previously struggled to get to grips with.

June 18, 2021
Unprompted review
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Reply from THE FRIENDLY ACCOUNTANTS

Hi James. Many thanks for your positive feedback!

Rated 5 out of 5 stars

Great personal service and very quick…

Great personal service and very quick to help out at short notice.
A reliable, professional and friendly service!!

June 16, 2021
Unprompted review
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Reply from THE FRIENDLY ACCOUNTANTS

Hi Glen. Thanks for your kind words which are greatly appreciated by all of us here at TFA!

Rated 5 out of 5 stars

Great team!

Fantastic team that have helped me with my Cryptocurrency trades over the years. Incredibly helpful and I wouldn't choose anyone else!

May 12, 2021
Unprompted review
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Reply from THE FRIENDLY ACCOUNTANTS

Hi Cameron. Thanks very much for this vote of confidence! We're glad you consider us experts in crypto taxes!

Rated 5 out of 5 stars

First class service!

Richard, Lesley and the team at TFA are all excellent at what they do. I would highy recommend them. They are quick to reply to any questions you may have, resolve any issues and make it all easy for you to understand. They give you peace of mind knowing that your accounts are being handled by experts in their field. You don't need to look any further than TFA!!

February 12, 2021
Unprompted review
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Reply from THE FRIENDLY ACCOUNTANTS

Hi Karin . Thank you very much for this vote confidence which is greatly appreciated by all of us at TFA!

Rated 5 out of 5 stars

Mr Yann Blomquist

Mr. Richard Baldwyn has been incredibly helpful and immeasurably patient with my eternal and, embarrassing to say, badgering series of questions on the finer points of the UK self employment taxation. He has answered each of my questions without pause, and with great understanding. Sorry for what I've put you through, and thank you all at once.
Without a doubt, the best accountant I've ever had.

January 27, 2021
Unprompted review
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Reply from THE FRIENDLY ACCOUNTANTS

Hi Yann. Thank you for this wonderful review it's made our day!

Rated 5 out of 5 stars

Tick all the boxes

I've worked with TFA for 3 years now; they're prompt, detail-oriented and able to deal with all of my last-minute questions around deadline dates with professionalism and friendliness. Would recommend

January 27, 2021
Unprompted review
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Reply from THE FRIENDLY ACCOUNTANTS

Thank you Jack for this ringing endorsement!

Rated 1 out of 5 stars

I was disappointed by my experience…

I was disappointed by my experience with the 'Friendly' Accountants. I signed up with a very specific need to understand international tax laws for the sale of online trainings - which I explained to Richard clearly - both verbally and in writing - before agreeing to sign up. Richard said he could help me. I paid the £150.00 sign up fee and was then rather disappointed with the level of pretty basic advice I was offered (which was no better than my current accountant could have offered and he claims no expertise in international tax law). I asked for a refund of my sign up fee and was knocked back. In short, I signed up because Richard told me he could help me, he wasn't able to deliver, and then he refused to refund my joining fee. Not happy!

January 19, 2021
Unprompted review
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Reply from THE FRIENDLY ACCOUNTANTS

Dear Ian. At no stage was it ever suggested to you that this payment of £150 was a fee for advice as you wrongly assert. It was made quite clear to you both verbally and in writing that you would be expected to pay a non-refundable deposit for the cost of onboarding you as a client. This deposit would then be offset against your first month's fees with us as part of an ongoing business relationship. You were duly provided with this advice which in your opinion was not detailed enough for your purposes and you informed us of your decision to retain your existing accountant. I was therefore somewhat surprised some weeks later to receive a request from you for a full refund of the deposit you paid claiming this has been paid for advice. It is naturally disappointing to receive this negative feedback and I hope you ultimately manage to find the advice you are looking for.

Rated 5 out of 5 stars

Approachable and professional accountancy firm.

As their name suggests, they are friendly and professional accountants, who are always ready to help. Having been one of their clients for the past 2 years I can highly recommend them.

January 12, 2021
Unprompted review
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Reply from THE FRIENDLY ACCOUNTANTS

Hi David. Thank you for your kind words which are greatly appreciated by all of us at TFA!

Rated 5 out of 5 stars

Great accountants, highly recommended

Great accountants, extremely knowledgeable, always helpful and very responsive. I cannot recommend them enough and I find their fees to be very fair and reasonable. I particularly love that you can do everything online, it saves so much time and hassle.

January 7, 2021
Unprompted review
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Reply from THE FRIENDLY ACCOUNTANTS

Hi Ronnie. Thank you for this wonderful review. It's good to know we've taken some of the pain out of dealing with your tax affairs!

Rated 5 out of 5 stars

Excellent Accountants

Have used The Friendly Accountants for a couple of years now. Always very pleasant to deal with, understanding, and happy to help. Particularly good if, like me, your annual tax return is a struggle.

December 31, 2020
Unprompted review
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Reply from THE FRIENDLY ACCOUNTANTS

Hi Emma. Thanks for this. It's great to hear that we've made the process of dealing with your tax return stress free!

Rated 5 out of 5 stars

Cryptocurrency tax specialists

I have been a client of TFA for nearly 3 years now. I first discovered them when I was looking for an accountant who would be able (and willing) to handle cryptocurrency taxes. There is a lot of uncertainty when it comes to filing crypto taxes, but the team has taken it in their stride. They have given me clear and confident advice as it relates to crypto for both my personal and limited company taxes.

During the past 3 years, I have had the good fortune to work with the full team. Richard, Lesley, Julia and Claire are all professional, well-informed and, yes, friendly. I get the sense that they know me and my business, which is not something you can take for granted at other companies.

I look forward to working with them for many years to come.

November 25, 2020
Unprompted review
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Reply from THE FRIENDLY ACCOUNTANTS

Hi Alex. Thanks for your kind words. We too look forward to working with you for many years to come!

Rated 5 out of 5 stars

Efficient, helpful, speedy and jargon-free

TFA are not only friendly accountants - they are also efficient, helpful, speedy and great at cutting through all the jargon, which for me is really important. I’d recommend them highly.

November 22, 2020
Unprompted review
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Reply from THE FRIENDLY ACCOUNTANTS

Hi Alice. Thank you for your positive feedback which is most welcome!

Rated 5 out of 5 stars

Truly Friendly Accountants

Truly Friendly Accountants
These guys know what they are talking about, are very approachable and you can always get a 1-2-1 to discuss your case. Richard will always go out of his way to help and answer any questions you may have.
I was very happy with how they handled both my business and personal accounts.

October 12, 2020
Unprompted review
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Reply from THE FRIENDLY ACCOUNTANTS

Hi Sonia. Thank you for your feedback. It's great to hear that you're happy with our services!

Rated 5 out of 5 stars

Exactly what it says on the tin!

Super professional and super friendly. What more do you want from an Accountant!

Having worked with TFA across several varied accountancy requirements for a number of years now, I thoroughly recommend Richard and the team

October 9, 2020
Unprompted review
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Reply from THE FRIENDLY ACCOUNTANTS

Hi James. Thanks for the recommendation. It has (and continues to be) a pleasure working with you!

Rated 5 out of 5 stars

Great for eCommerce!

The whole TFA team is very skilled, helpful, polite and quick to respond. They understand online businesses and helped me a lot with my Amazon focused eCommerce business. Can't recommend them enough!

September 29, 2020
Unprompted review
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Reply from THE FRIENDLY ACCOUNTANTS

Hi Otto. Thank you very much for this wonderful review. It's greatly appreciated!

Rated 5 out of 5 stars

Contrary to others experiences

Contrary to others experiences. Tfa have been very helpful and are prompt responders. Reviews of accounts are very thorough and good forward planning advice provided

Richard has been super helpful with his blogs and personal emails to ensure I am aware of any issues throughout the year

September 17, 2020
Unprompted review
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Reply from THE FRIENDLY ACCOUNTANTS

Hi Ibrahim. Thank you very much for this positive feedback which all of us appreciate here at TFA!

Rated 5 out of 5 stars

Accounting and tax advice

I have been reading the very useful blogs on their web site for some time. I find them well written, to the point and presented in plain English. So when we had a particular situation and needed some reliable advice, I contacted "The Friendly Accountants". Even though we are not (yet) customers, Richard kindly called back and was very helpful in talking me through the issues. As a direct result we have now been able to come up with a plan of how we will move forward. Thoroughly recommended!

September 16, 2020
Unprompted review
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Reply from THE FRIENDLY ACCOUNTANTS

Hi Steve. Thanks for the endorsement. I'm glad we were able to help!

Rated 5 out of 5 stars

Just excellent service from Richard and…

Just excellent service from Richard and his team, always prompt in replying and full of helpful advice, his training blogs are particularly useful. I have also just applied for a new mortgage and his response in preparing the necessary docs for the bank was near enough instantaneous! Believe me using the HMRC website is a total nightmare for these documents and can delay your house purchase badly, just top class service from an excellent accounting team

September 10, 2020
Unprompted review
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Reply from THE FRIENDLY ACCOUNTANTS

Hi Tony. Thanks for the positive feedback and your kind words - we're glad to help you out here. It's been a pleasure working with you these last few years.

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