About CheapAccounting.co.uk

CheapAccounting.co.uk is a network of fully qualified accountants and tax professionals, known as associates, working together to provide a professional accountancy service to our portfolio of clients.

All our associates operate their own limited company under the brand of CheapAccounting.co.uk.

Just like you, they are all self employed business owners in their own right and so are very well positioned to understand your needs.

Every client is allocated their own qualified accountant (we call them our associates) as their main contact - you deal directly with them. You will be provided with their contact details as well as the name of their own business which is authorised to operate under the CheapAccounting.co.uk brand.

All work is carried out by our associates or a team under their direct control. You may have contact with a team member from time to time but your main contact is with your allocated accountant (associate).

Our associates are all members of a professional accounting or tax body, governed and regulated by their rules and standards. They all are licenced to practice (known as holding a practising certificate).

Our associates all hold professional indemnity insurance.

Our associates are regulated for Money Laundering. This means that we must carry out proof of identity checks as specified by our regulating body as well as comply with the latest Anti-Money Laundering and Counter-Terrorist Financing regulations.

We do not:

  • Outsource your accountancy
  • Use help desk ticketing - you communicate directly with your accountant who is the expert
  • Share your data without your express and prior approval
  • Send any information outside of the UK

For us regulation is important as it means that our associates must meet certain standards as well as comply with the latest regulations.

These regulations and standards are there to protect clients and give them somewhere to go to in the unlikely case that something goes wrong.

Unfortunately, the accountancy profession in the UK is not regulated - anyone can call themselves an accountant. In reality this means that some accountants will not be members of professional bodies, will not have to follow standards & regulations, will not hold insurance and will not have to undertake continuing professional development.

Of course this does not mean that they are providing a bad service; simply that they may not comply with the rules, standards and regulations that accountants who are members of professional bodies have to. In the worse case scenario, there is no protection for the client.


The CheapAccounting.co.uk Timeline

2023

Launch of the CheapAccounting.co.uk Way and the Assure Service for tech savvy Cloud Accounting clients who need the reassurance of an expert on hand when they need it.

2022

CheapAccounting.co.uk undertook a "drains up" review of the accountancy marketplace for clients and accountants alike with a focus on how technology had and continued to change the way accountancy services were provided to clients and what they wanted from their accountant.

2020 to 2022

Covid struck. CheapAccounting.co.uk focused on supporting clients during this difficult period.

2020

Elaine Clark was a judge for the Women in Accountancy and Finance Awards.

2019

Elaine Clark named 3rd in the ICAEW's Top Online UK Accountancy Influencers.

2018

Elaine Clark chaired the Women in Accountancy group at Accountex. In the same year she was named in the Top 50 Women in Accounting.

2014

CheapAccounting.co.uk named the online accountancy firm of the year in the British Accountancy Awards.

2012

CheapAccounting.co.uk made its first appearance in Accountancy Age Financial Power List.

2011

Elaine Clark won the Woman in Finance Award from the Network of Aspiring Women.

2010

CheapAccounting.co.uk won the CCH & AccountingWEB.co.uk's Progressive Practice.

2009 to 2023

CheapAccounting.co.uk focused on growing its client base and team of associates helping over 30 accountants to launch and grow their own successful accountancy businesses. Alongside we were frequently asked by newspapers, magazines and websites to provide expert comment about tax, finance and other issues relevant to small and medium-sized businesses in the UK and Elaine Clark made several appearances on BBC Radio 4's Money Box with Paul Lewis.

2009

Building on its success CheapAccounting.co.uk took on its first associate accountant

2007

Chartered Accountant Elaine Clark launched CheapAccounting.co.uk.