Salient Accounting & Finance

BACKGROUND

Please describe your company and your position there.

I am director of a recruitment consultancy.

OPPORTUNITY / CHALLENGE

For what projects/services did your company hire Salient Accounting & Finance?

End of year accounts; payroll; self assessment; consulting.

What were your goals for this engagement?

Ensure accounts were filed; payroll is correct; self assessment is filed; I receive current insights from professional accountant.

SOLUTION

How did you select this vendor?

They were referred by a trusted associate.

Describe the engagement in detail.

We met several different accountants to discuss our needs. Salient were our choice because they were personable, understanding and insightful.

Describe their billing or cost structure.

They have a clear outline of cost structures and were in line with quotes we received from other accounting companies.

What was the team composition?

I liaised with junior accountants, receptionists and partners - all were wholly professional and accommodating.

RESULTS & FEEDBACK

Can you share any outcomes from the engagement that demonstrate progress or success?

They have filed my accounts correctly; given sound advice; managed several other business processes effectively. Very happy with the outcomes.

How effective was the workflow between your team and theirs?

They were accommodating and have always served my needs in a timely manner!

What did you find most impressive about this company?

They prepared my end of year accounts very quickly and accurately. I met with the team to discuss the year and plans for the following twelve months. This meeting was helpful in explaining some aspects that I did not understand. They listened to my questions and filled the gaps in my knowledge.

Are there any areas for improvement?

No

BACKGROUND

Please describe your company and your position there.

I am the managing director of a company that offers high-end interior design and fitting services.

OPPORTUNITY / CHALLENGE

For what projects/services did your company hire Salient Accounting & Finance?

We hired Salient Accounting & Finance to handle our accounts, taxes, and commercial finances.

What were your goals for this engagement?

Our goal was to be as tax-efficient as possible with our returns. We used to work with another accounting firm, but we were extremely unhappy with their services. They were often late in filing our returns and missed some obvious tax-saving strategies. I believe they ended up costing us thousands, not just in fees but in unnecessary taxes.

SOLUTION

How did you select this vendor?

One of our suppliers recommended them, but I’ve heard of Salient Accounting & Finance before because they are a local company. Since starting our engagement, we have noticed that several local businesses are also their clients. Salient Accounting & Finance is clearly doing something right as everyone can only say positive things about them.

Describe the engagement in detail.

Salient Accounting & Finance handles our payroll, VAT returns, corporation tax returns, and tax advice. In our first consultancy meeting, they identified several leaks and offered us a complete solution. They became our official agent for submitting returns, and we gave them their own logins to our online bookkeeping software. Everything is done electronically, and we sign documents online.

Describe their billing or cost structure.

We are on a monthly retainer using direct debit, which makes it extremely easy to pay for their services. Our previous company used to send big unexpected bills, but Salient Accounting & Finance charges a single monthly fee.

What was the team composition?

They have a large number of staff members in small teams that specialize in niche areas. This seems to work extremely well.

RESULTS & FEEDBACK

Can you share any outcomes from the engagement that demonstrate progress or success?

They’ve exceeded our expectations and allowed us to reduce our tax bills by 70%. Compared to the previous company we were using, you can clearly see the impact they have had on the business. Each year, they have new ideas on how to handle the additional tax burden caused by our profit growth. They have helped us grow as we are now able to reinvest the taxes saved back into the company.  

Overall, they have paid for their fees many times over during the last eight years we have been using them. It was obvious from the outset that Salient Accounting & Finance had industry experience and in-depth knowledge of accounting and tax rules. On a personal level, they helped me get a mortgage on my dream home.

How effective was the workflow between your team and theirs?

The whole thing has been quite seamless and organized. We have a meeting once or twice a year to go over everything and make sure we are maximizing our tax efficiency. They give us useful advice and provide unbelievable service.

They’ve never missed a deadline and have always been early for everything. Communication is quite possibly the best I've ever seen in a company. We always get a very prompt response from whoever is handling the specific request. My bookkeeper gets a quick reply whenever she has questions or needs advice on how to process the information on our accounting software.

The internal communication is exceptional too. Everyone in the company seems to know about me as a client.  I would email them something thinking they might forget to handle this request, but I’d be astonished at how they remember everything.

What did you find most impressive about this company?

We have grown significantly since they came on board. What pleases me the most is how considerate they were with us during our junior years. Our accounting and tax have grown more complex so we are now a larger client of theirs, but I remember how much time they spent with us when we were much smaller. They’ve genuinely cared about our company from the start, which is a rarity nowadays.

Are there any areas for improvement?

I wish I could give some constructive feedback, but I have been racking my brain and honestly cannot think of what I could say to improve their operations.

BACKGROUND

Please describe your company and position.

I am the CEO of AgileMovers

Describe what your company does in a single sentence.

AgileMovers provides reliable moving services and secure storage solutions for both residential and commercial clients.

OPPORTUNITY / CHALLENGE

What specific goals or objectives did you hire Salient Accounting & Finance to accomplish?

• Enhance the efficiency and accuracy of our financial operations.
• Maximize our financial health through effective tax planning.
• Provide financial guidance to support our growth and expansion plans.

SOLUTION

How did you find Salient Accounting & Finance?

Referral

Why did you select Salient Accounting & Finance over others?

• Good value for cost
• Company values aligned

How many teammates from Salient Accounting & Finance were assigned to this project?

2-5 Employees

Describe the scope of work in detail. Please include a summary of key deliverables.

Salient Accounting & Finance revamped our financial management to boost cost efficiency and support growth.

Here’s what they did for us:

• Crafted a Financial Plan: Developed a detailed plan that helped us make better financial decisions and support business growth.
• Tax Savings: Identified tax benefits specific to our industry, significantly reducing our expenses and freeing up money for other uses.
• Financial Updates: Regularly provided clear and detailed reports on our financial status, helping us understand where our business stands.

RESULTS & FEEDBACK

What were the measurable outcomes from the project that demonstrate progress or success?

Salient Accounting & Finance helped us achieve significant progress. Here’s what they did for us:

• Streamlined Financial Operations: Salient's expertise made our financial processes more efficient and accurate, reducing time spent on finances and increasing our operational capacity.
• Enhanced Tax Efficiency: They optimized our tax strategies, allowing us to benefit from industry-specific tax advantages and significantly lower our expenses.
• Supported Business Growth: With their financial insights, we've been able to make well-informed decisions that support our expansion and enhance our market position.

Describe their project management. Did they deliver items on time? How did they respond to your needs?

Salient Accounting & Finance managed our project very effectively. They always delivered their work on time and were quick to respond whenever we had questions or needed adjustments. Their ability to handle our specific needs and keep things running smoothly really helped us trust in their service. This made working with them easy and beneficial for our company.

What was your primary form of communication with Salient Accounting & Finance?

Email or Messaging App

What did you find most impressive or unique about this company?

They really understood the specific needs of our moving and storage business. Instead of offering general financial advice, Salient Accounting & Finance provided tailored solutions that addressed the unique challenges we face in our industry. This focused expertise significantly improved our operational efficiency and financial management.

Are there any areas for improvement or something Salient Accounting & Finance could have done differently?

It's hard to find areas for improvement. Their service was thorough and highly professional, showing a deep understanding of our industry. They met all our needs effectively, leaving little room for enhancement.

BACKGROUND

Please describe your company and position.

I am the CEO of EcoLife Plus

Describe what your company does in a single sentence.

We create innovative and sustainable health solutions.

OPPORTUNITY / CHALLENGE

What specific goals or objectives did you hire Salient Accounting & Finance to accomplish?

• Enhancing Financial Efficiency: Improving the efficiency and accuracy of our financial operations
• Ensuring Regulatory Compliance: Ensuring adherence to the regulations governing the pharmaceutical industry.
• Tax Strategy Optimization: Maximizing our financial health through strategic tax planning and optimization.
• Support for R&D Investments: Providing expert financial guidance to bolster our research and development efforts.

SOLUTION

How did you find Salient Accounting & Finance?

Referral

Why did you select Salient Accounting & Finance over others?

• High ratings
• Great culture fit
• Good value for cost

How many teammates from Salient Accounting & Finance were assigned to this project?

2-5 Employees

Describe the scope of work in detail. Please include a summary of key deliverables.

They helped us with funds management, focusing on saving costs in our research projects through special tax benefits. The main tasks they accomplished for us: 

• Created a financial plan to help us spend wisely on research and growth. 
• Helped us use tax benefits to support our research work. 
• Gave us comprehensive updates on our financial situation. 
• Made sure we followed all the rules specific to the medicine and health field. 

This work made handling our finances easier and more effective, especially in supporting our important research projects.

RESULTS & FEEDBACK

What were the measurable outcomes from the project that demonstrate progress or success?

• R&D Tax Savings: Salient's expertise notably increased our research budget through R&D tax credit savings. 
• Better Compliance: They ensured we met all industry regulations, reducing our risk. 
• Strategic Advice: Their financial guidance has been crucial for our growth and research efforts. 
• Clear Financial Picture: Improved reporting provided a clear view of our finances, aiding decision-making. 

Overall, Salient's services have directly contributed to our improved financial health and strategic positioning in the pharmaceutical industry.

Describe their project management. Did they deliver items on time? How did they respond to your needs?

Salient's project management was impressive, distinguished by punctuality and attentiveness to our specific needs. They consistently delivered on schedule, even when faced with the intricate challenges unique to our pharmaceutical sector. 

Their team was proactive in communication, readily adjusting their strategies to better align with our goals. This adaptability and clear communication paved the way for a partnership that was both effective and deeply collaborative, enhancing the value we received from their services.

What was your primary form of communication with Salient Accounting & Finance?

• Virtual Meeting
• Email or Messaging App

What did you find most impressive or unique about this company?

What really made Salient Accounting stand out was how well they understood the financial side of the pharmaceutical world. They did more than just the usual number work; they gave us advice and plans that fit exactly with what our company needed. This level of specialized knowledge of our industry helped us solve our immediate financial problems and also set us up for success in the future. Seeing them tackle our unique challenges so effectively was truly impressive.

Are there any areas for improvement or something Salient Accounting & Finance could have done differently?

Finding areas where Salient Accounting & Finance could improve is tough because their service was comprehensive and very professional. They showed a deep understanding of our industry and handled everything with great skill.

BACKGROUND

Please describe your company and position.

I am the CEO of an Automotive Tech Company

Describe what your company does in a single sentence.

We specialize in developing cutting-edge automotive technologies.

OPPORTUNITY / CHALLENGE

What specific goals or objectives did you hire Salient Accounting & Finance to accomplish?

• Streamlining Financial Operations: To enhance the efficiency and accuracy of our financial processes.
• Compliance with Tax Regulations: Ensuring adherence to the complex tax regulations specific to the automotive industry.
• Optimizing Tax Efficiency: Strategically managing our tax obligations to maximize financial health and efficiency.
• Expert Financial Guidance: Receiving specialized financial advice to support our business expansion and innovation strategies.

SOLUTION

How did you find Salient Accounting & Finance?

Referral

Why did you select Salient Accounting & Finance over others?

• High ratings
• Close to my geographic location
• Good value for cost
• Referred to me

How many teammates from Salient Accounting & Finance were assigned to this project?

2-5 Employees

Describe the scope of work in detail. Please include a summary of key deliverables.

They took charge of our financial management needs, handling tasks like payroll processing, VAT returns, corporation tax returns, and delivering specialized tax advice. In our initial meeting, their experts conducted a thorough review of our financial systems and outlined key areas where efficiency and compliance could be enhanced. 
Their involvement transformed our financial management, making it more robust, compliant, and aligned with the specific demands and dynamics of the automotive industry. With their expertise, we have seen a significant improvement in the efficiency of our financial operations.

RESULTS & FEEDBACK

What were the measurable outcomes from the project that demonstrate progress or success?

• Enhanced Financial Efficiency: With Salient's expertise, our financial processes have become more streamlined and efficient, which has resulted in a noticeable reduction in processing times and an increase in accuracy. Improved Tax Efficiency: Their strategic tax planning has significantly improved our tax efficiency. We've been able to leverage industry-specific tax benefits, leading to considerable savings. 
• Strategic Growth Support: Their financial insights have been instrumental in our strategic decision-making, especially in areas of expansion and investment, helping us to grow sustainably. Overall, our financial health has significantly improved, with better cash flow management and robust financial planning.

Describe their project management. Did they deliver items on time? How did they respond to your needs?

Their project management was outstanding, marked by timely deliveries and a responsive approach to our needs. They handled complex tasks efficiently, and deadlines were consistently met. They were quick to address our queries and tailored their services to suit the requirements of our industry. This level of engagement and transparency fostered a strong, collaborative partnership, significantly enhancing our overall experience.

What was your primary form of communication with Salient Accounting & Finance?

• Virtual Meeting
• Email or Messaging App

What did you find most impressive or unique about this company?

What truly impressed us the most about Salient Accounting & Finance was their deep and nuanced understanding of our industry's financial landscape. They didn't just offer generic accounting solutions; they provided tailored advice and strategies that were specifically aligned with the unique challenges and opportunities of our sector. This specialized expertise allowed them to deliver highly effective solutions that significantly impacted our business's efficiency and growth.

Are there any areas for improvement or something Salient Accounting & Finance could have done differently?

It's challenging to pinpoint areas for significant improvement. Their service was well-rounded and demonstrated both deep industry knowledge and exceptional professionalism.

BACKGROUND

Please describe your company and position.

I am the Owner of a retail company.

Describe what your company does in a single sentence.

It's a small retail business.

OPPORTUNITY / CHALLENGE

What specific goals or objectives did you hire Salient Accounting & Finance to accomplish?

Accounting Help

SOLUTION

How did you find Salient Accounting & Finance?
Online Search
Why did you select Salient Accounting & Finance over others?

• High ratings
• Close to my geographic location
• Pricing fit our budget

Describe the scope of work in detail. Please include a summary of key deliverables.

My business is new, and I needed help with bookkeeping. I thought about doing it myself, but I realized I needed help from professionals. I contacted Salient Accounting & Finance, and they took over everything. It was a good decision because I don't want to have tax problems, and these guys are professionals.

RESULTS & FEEDBACK

What were the measurable outcomes from the project that demonstrate progress or success?

Everything with my accounting is in order, and It's because of Salient Accounting & Finance.

Describe their project management. Did they deliver items on time? How did they respond to your needs?

The communication is good. Our cooperation is still ongoing, and everything is satisfactory.

What was your primary form of communication with Salient Accounting & Finance?

Email or Messaging App
What did you find most impressive or unique about this company?

They have competent professionals.

Are there any areas for improvement or something Salient Accounting & Finance could have done differently?

Nothing needs improving. Just keep up the good work.