Categories > Other Services

5 Firms with the Best Accountants in Edinburgh Homepage

6 Firms with the Best Accountants in Edinburgh

How we picked

Service offerings

To ensure that you get your money’s worth, we chose firms that had a wide selection of service offerings to accommodate different kinds of needs.

Background

We did a background check on each firm to ensure that they possess all the necessary credentials and qualifications to do a stellar job.

Customer support

We selected accountants that had open modes of communication, so we took considered their business hours, communication lines, and location accessibility.

Fee arrangements

Even though accounting services come at a hefty price, they should still be within reach. So, we opted for firms that offered reasonably priced services.

1. TaxAssist Accountants

TaxAssist Accountants Homepage

Services: Self-assessment tax returns, tax savings, corporation tax, year end accounts, bookkeeping, payroll, VAT returns, capital gains tax, tax investigations, and more

Website: https://www.taxassist.co.uk/ 

Address: 113 St John’s Rd, Corstorphine, Edinburgh EH12 7SB, United Kingdom

Contact Information: 

  • +44 131 202 9888

Operating Hours

  • Monday – Friday: 9 AM – 5 PM
Google Reviews4.9/5 
Trust Pilot4.6/5
Nice Local5/5 
Total reviews4.8/5 
Score consistency4.8/5 
Service offerings5/5 
Background4.8/5
Customer support4/5 
Fee arrangements4.8/5 

Pros

  • Provides complete tax and accounting services
  • Offers a complimentary no-obligation initial consultation
  • Operate on a fixed-fee basis
  • Operate virtually and in person
  • Will assist in switching accountants
  • Use 3 types of cloud accounting software

Cons

  • Sometimes takes long to respond to clients’ queries or tasks
  • Not optimal for large and busy firms
  • Specifics of fees are not available

What we love about TaxAssist Accountants is that it offers complete tax and accounting services for many independent business owners. 

Specifically, if you’re a landlord, contractor, sole trader, or just starting your business, we think you’ll greatly benefit from their services. 

They offer bookkeeping, payroll, estate and life planning, R&D tax credits, corporation tax, and year-end accounts, among others.

Off the bat, we like that they offer a complimentary no-obligation initial consultation. Here, you’re given 30-45 minutes to chat with their local accounting expert to see whether they can offer the support you need.

Afterwards, they’ll give you a tailored quote based on your required services. We also think that it’s cost-effective that they operate on a fixed-fee basis since you’ll only be paying for what you need.

Having said that, it’s quite a bummer that the specifics of their prices aren’t readily accessible on their site. So, this is another thing to enquire about in your initial consultation.

Did we mention that they work on-site and virtually? We think it’s convenient that clients can choose whichever set-up is most suitable for them. 

As for switching accountants, it’s handy that they’ll guide you through the process. In our opinion, that’ll help make the transition a lot smoother.

We also think it’s worth highlighting that they utilise 3 accounting software – Xero, Quickbooks, and Dext (formerly Receipt Bank).

If you ask us, this is a great convenience as it allows clients to manage their finances directly from their phones. 

We also like that clients have 3 options to choose from depending on their needs and preferences.

But here’s the hitch: we’ve gotten word that they sometimes take a while to respond to clients’ queries or tasks.

We think this is because they’re handling over 78,000 clients. Hence, operations can get held back, especially if they’re experiencing a backlog.

Having said that, we don’t think they’re an optimal choice for large and busy firms. 

2. Bracey’s Accountants

Bracey's Accountants Homepage

Services: Bookkeeping, payroll, international VAT, cloud accounting, capital gains tax, inheritance tax, CIS rebates, R&D tax credits, medical accountancy, and more

Website: https://www.braceys-accountants.co.uk/ 

Address: 83 Princes St, Edinburgh EH2 2ER, United Kingdom

Contact Information: 

Operating Hours

  • Monday – Thursday: 9 AM – 5:30 PM
  • Friday: 9 AM – 5 PM
Google Reviews4.8/5 
Facebook4.9/5 
Nice Local5/5
Total reviews4.6/5 
Score consistency4.8/5 
Service offerings4.8/5 
Background5/5
Customer support4/5 
Fee arrangements4/5 

Pros

  • Has in-house financial experts
  • Cloud accounting available
  • Free initial no-obligation consultation
  • Known to give stellar financial advice
  • Known to ensure clients understand the financial processes

Cons

  • Limited cloud-based software options 
  • Close a tad earlier on Fridays
  • Specifics of fees are not available

What we like the most about Bracey’s Accountants is that they have in-house experts to ensure each service is directly managed by one of their specialists.

This includes having professionals in business accounting, business tax, VAT, cloud accounting, statutory audit, and personal tax. 

We also love their approach to taxes. Particularly, they take the time to ensure that clients understand the process, which we think is empowering, especially since many aren’t familiar with it.

On top of that, they’re known to give stellar financial advice. These are pluses in our book as we think it gives customers the confidence to make better financial decisions.

Hence, it’s no surprise that many clients enlist their accountants to ensure minimal accounting errors. 

If you’re interested to learn more about their services, they offer a complimentary 30-minute virtual consultation. Here, you can speak directly with one of their representatives and see if they’re the right accountants for you. 

It’s also noteworthy that they offer cloud accounting for businesses and self-employed individuals. So, you can easily manage all your finances from anywhere stress-free.

However, we find their cloud-based software options a bit limited as they only provide Xero. 

Their fees, on the other hand, aren’t openly disclosed. Hence, you’ll have to enquire to get a better idea of how much they charge.

While they’re open until 5:30 Mondays through Thursdays, they close a tad earlier on Fridays. So, it would be best to arrive early if you plan to do business then. 

3. One Accounting

One Accounting Homepage

Services: Management accounts, wealth improvement, personal tax, VAT, making tax digital (MTD), annual accounts, small business support, and more

Website: https://www.oneaccounting.co.uk/ 

Address: 2 Belford Rd, Edinburgh EH4 3BL, United Kingdom

Contact Information: 

  • +44 131 220 0152

Operating Hours

  • Monday – Friday: 9 AM – 5:30 PM
Google Reviews4.9/5 
Facebook5/5 
Nice Local4.9/5
Total reviews4.7/5 
Score consistency4.9/5 
Service offerings4.8/5 
Background5/5
Customer support3.5/5 
Fee arrangements4.5/5 

Pros

  • Firm is composed of Chartered Management Accountants
  • Operates on a fixed-fee basis
  • 3 packages available
  • Package inclusions are mixable
  • Several cloud accounting software available
  • Software integration available

Cons

  • Only works with businesses
  • Not palatable for clients looking for a single accounting service

Established in 2007, One Accounting is an award-winning firm of Chartered Management Accountants. So, clients can expect professional guidance in managing their finances.

If you ask us, their most noteworthy feature is offering 3 fixed-fee packages – Gold, Silver and Bronze. 

While they have a readily viewable outline of what each package consists of, we were impressed to find out that you can mix and match the inclusions.

We think this ensures that your business has all the financial support and accounting needs at a cost-efficient price point. 

Though, if you’re only on the hunt for only one specific service, you may want to consider the other entries on our list instead.

It’s also worth pointing out that they utilise several cloud accounting software. So, you can expect easy access to all your financial data at your fingertips.

Specifically, they’re adept in Xero, FreeAgent, Receipt Bank, Vend POS, Sage, and Futrli. 

It also offers seamless integration services, which we think sets them apart from other firms. This way, clients can get the best of both worlds from their ideal software with no additional fuss.

Unfortunately, they only work with businesses. So, if you’re a private individual, you may want to check out the other firms on our list instead.

4. Cowan & Partners Limited

Cowan & Partners Limited Homepage

Services: Annual accounts, payroll procedures, independent examinations, company secretarial services, bookkeeping, business planning and forecasting, and more

Website: https://www.cowanandpartners.co.uk/ 

Address: 60 Constitution St, Leith, Edinburgh EH6 6RR, United Kingdom

Contact Information: 

Operating Hours

  • Monday – Thursday: 9 AM – 5:30 PM
  • Friday: 8:30 AM – 4:30 AM
Google Reviews5/5 
Facebook5/5 
Total reviews4.6/5 
Score consistency5/5 
Service offerings4.7/5 
Background5/5
Customer support4/5 
Fee arrangements4.5/5 

Pros

  • 50 years of industry experience
  • Provides a complete selection of accounting services
  • Large team
  • Quick turnaround times
  • Accountants are sharp, responsive, and professional
  • Several cloud software available

Cons

  • Pricing information not readily available
  • Closes a bit earlier on Fridays

Having opened its doors in 1972, Cowan and Partners have provided first-class financial services for the last 50 years. 

Hence, it is no surprise that they’ve established several long-term relationships with many Edinburgh locals.

This also means they’ve already set up an efficient and proven system that works to their client’s advantage.

As for their service offerings, we like that they have a complete selection of accounting services. In our opinion, this makes them a perfect option for businesses at any point in their development.

Having said that, it’s also worth noting that they offer several unique services depending on your business needs. For start-ups, they provide assistance in management information systems, securing funds, and more.

While they may be quite an old company, they keep up with the times, offering several cloud-based accounting services. So, you can effortlessly manage your accounts from the comfort of your home.

They also have quite a large team, which is the reason behind their quick turnaround times. 

On top of that, several clients we’ve gotten in touch with praised their team’s professionalism, responsiveness, and sharpness. 

While it was quite a letdown that their pricing information isn’t readily available, we think their free initial consultation makes up for it. Aside from enquiring about their rates, you can dig in further about their services.

5. MF Accounting & Taxation

Services: https://www.mfaccounting.co.uk/what-we-do

Website: https://www.mfaccounting.co.uk/

Address: 20 Valleyfield St, Edinburgh EH3 9LR, United Kingdom

Contact Information:  +44 20 8886 1245 / [email protected]

Operating Hours

  • Monday – Thursday: 9:00 AM – 5:30 PM
  • Friday: 8:00 AM – 5:30 PM
Google Reviews5/5 
Trust PilotN/A
Nice LocalN/A 
Total reviews3/5 
Score consistency4/5 
Service offerings5/5 
Background5/5
Customer support5/5 
Fee arrangements4/5 

Pros

  • Helpful and professional team of experts employed
  • Reliable and well-founded support services
  • Well-connected and highly experienced in the industry

Cons

  • Rates of their services aren’t directly stated on their website

MF Accountants is a firm that provides businesses with a comprehensive and diverse range of accounting services ideal for most industries and can address both common and specific concerns business owners may be struggling with.

From payroll services to Personal Tax Return services, they are able to offer all these services at cost-effective and well-supported means to ensure clients get inclusive and professional advice when they need it.

Furthermore, they are also equipped with various and up-to-date technologies to ensure that clients making use of relevant software are well-supported 24/7.

Note though that even if their packages are readily stated on their website, the rates of their services aren’t readily stated so clients may need to inquire further for such information.

Overall, with their professional and personable staff, responsive and steadfast customer service, and highly versatile accounting services, we highly recommend them to clients in the area looking for such services for their business.

6. Steedman and Company

Steedman and Company Homepage

Services: Tax consultancy, accounts preparation, VAT returns, payroll, pensions, self-assessment tax return, corporate advisory, and more

Website: https://www.steedman.co.uk/ 

Address: 3 Queen St, Edinburgh EH2 1JE, United Kingdom

Contact Information: 

  • +44 131 556 8595

Operating Hours

  • Monday – Friday: 9 AM – 5 PM
Google Reviews4.5/5 
Nice Local4.6/5 
Yably4.6/5
Total reviews4.6/5 
Score consistency5/5 
Service offerings4.7/5 
Background5/5
Customer support4/5 
Fee arrangements4.5/5 

Pros

  • 30 years of industry experience
  • Provides a comprehensive array of accounting services
  • Large team
  • Reasonable turnover periods
  • Offers fintech services
  • Free initial consultation
  • Pricing information available

Cons

  • Only offers 2 accounting package options
  • Some reports of difficulty contacting them

With over 30 years in the industry, Steedman and Company provide a comprehensive accounting service for businesses from all sectors and developmental stages. 

These include assistance in accounting, tax, fintech, VAT, payroll, pension, personal tax, corporate advisory, and business support. 

From our point of view, they’re an ideal choice for anyone looking for an all-in-one service. 

What stood out to us the most was their fintech services, which can take your business’s efficiency to another level. Their team of specialists can create bespoke cloud-based accounting packages to fit your business requirements. 

We also think it’s worth noting that they have quite a large team. In our opinion, this ensures that all of their clients’ needs are met within a reasonable time frame.

As for their fees, they offer 2 packages – Sole Trader Package starting from £35 (exclusive of VAT) and Limited Company Package starting from £100 (exclusive of VAT).

While we think their fees are quite reasonably priced, we were a tad disappointed that they only have 2 options for interested clients to choose from. 

Nevertheless, we encourage you to avail yourself of their free consultation to see whether their team is a great fit for your accounting needs.

The only problem is they’re quite difficult to get in touch with. Some clients we’ve consulted with complained about unanswered calls and emails. 

FAQs About Accountants

Related topics