Innovative cloud accounting provider FreeAgent has agreed a new partnership with an ambitious new practice backed by two of the leading names in the UK accounting industry.
FreeAgent has joined forces with Alchemy Accountancy - a new venture backed by Nixon Williams founders Alan Williams and Andy Nixon - in order to help support small business owners and help them navigate the forthcoming Making Tax Digital (MTD) legislation.
By branching out to freelance and small business clients, Alchemy is aiming to disrupt traditional accountancy models favoured by many larger practices. The firm intends to provide its clients with a more personal service that enables them to collaborate more easily with their accountants - which it believes will boost its growth as the government’s digital tax agenda comes into effect.
Craig McCall, Director at Alchemy Accountancy, said:
“MTD will be a major change for the accountancy industry, not just in terms of client compliance but also for new growth opportunities. Many small businesses will soon fall under the legislation and will therefore to be looking for accountants to help them deal with the changes when the come into effect - and we want to be best-placed to meet this demand.
“Rather than the ‘factory line’, one-size-fits-all approach that some larger accountancy firms offer, Alchemy aims to give every small business owner a service that is tailored specifically to their individual needs. This was a vision that really resonated with Alan and Andy and was a key reason why they decided to re-enter the accountancy market.
“Their enthusiasm and experience will be vital to the success of Alchemy, and we’re all looking forward to growing the business during the evolution of the UK’s digital tax system in the years ahead.”
Ed Molyneux, CEO and co-founder of FreeAgent, added:
_ “We’re delighted that Alchemy Accountancy has decided to partner with FreeAgent and offer our software to their clients. It is a very forward-thinking firm with an ambitious vision for the future, so we look forward to working closely with Craig and his team in the future.”_