Based on looking at the website, Onyx.accountants presents itself as a professional accounting and business advisory firm primarily serving businesses in Birmingham and Wolverhampton, established in 2012. They emphasize a personalized, consultative approach, aiming to demystify financial numbers for business owners and turn them into a “formula for success.” The site highlights their services for businesses of various sizes—from startups to larger enterprises—and different legal structures like sole traders, partnerships, and limited companies. They also offer specific services like self-assessment tax return help and business advisory. The core promise revolves around providing a dedicated, qualified accounting team, ensuring timely statutory submissions, and offering insights to optimize revenues and minimize costs. While the services offered by Onyx.accountants, such as tax assistance, financial advice, and general accounting, are permissible in principle, it’s crucial for individuals and businesses to ensure that the implementation of these services aligns with ethical guidelines. For instance, any advice involving interest-based loans riba, gambling, or other prohibited activities should be avoided, and clients should actively seek assurances that all financial strategies proposed are permissible.

Find detailed reviews on Trustpilot, Reddit, and BBB.org, for software products you can also check Producthunt.

IMPORTANT: We have not personally tested this company’s services. This review is based solely on information provided by the company on their website. For independent, verified user experiences, please refer to trusted sources such as Trustpilot, Reddit, and BBB.org.

Table of Contents

Onyx.accountants Review & First Look

Based on checking the website, Onyx.accountants immediately conveys a sense of professionalism and clarity.

The design is clean, user-friendly, and provides a straightforward overview of their services.

They aim to break down the complexities of finance, presenting themselves not just as number crunchers but as strategic partners.

Initial Impressions and User Experience

The homepage is well-structured, guiding visitors through different business sizes and types, which helps in quickly identifying relevant services.

The use of clear headings and concise descriptions makes it easy to understand their value proposition. Your-ce.com Reviews

The emphasis on a “dedicated Onyx Team” and “no jargon, no nonsense” suggests a client-centric approach.

Navigation: The primary navigation is intuitive, allowing quick access to services, sectors, and contact information.
Aesthetic: The site employs a professional color scheme and layout, instilling confidence in their expertise.
Accessibility: Contact information, including a phone number and social media links, is prominently displayed, indicating readiness for engagement.

Core Value Proposition

Onyx.accountants positions itself as a solution for businesses overwhelmed by financial management.

Their mission, “To break the barriers business owners have with finance,” resonates with many entrepreneurs.

They promise to transform financial stress into success through personalized consultation.

Personalized Approach: They stress a “personalized and consultative approach” tailored to individual business needs.
Dedicated Team: Clients are assigned a dedicated team led by a qualified accountant, ensuring consistent support.
Guaranteed Deadlines: A bold claim to pay overdue fines if they miss statutory submission deadlines, provided information is submitted on time. This offers a significant peace of mind.

Onyx.accountants Features

Onyx.accountants offers a comprehensive suite of accounting and business advisory services designed to cater to various business stages and structures. Missamara.nz Reviews

Their features are built around simplifying financial management and providing strategic insights.

Comprehensive Accounting Services

They cover the foundational needs of any business, ensuring compliance and accurate record-keeping.

Statutory Submissions: Guaranteeing timely filing of all required submissions to HMRC. This includes VAT returns, corporation tax, and annual accounts.
Bookkeeping: Managing day-to-day financial transactions, ensuring all income and expenses are accurately recorded.
Payroll Management: Handling employee salaries, deductions, and submissions, which can be a complex area for businesses.

Business Advisory and Growth Support

Beyond traditional accounting, Onyx.accountants positions itself as a strategic partner, offering advice to foster business growth.

Financial Planning: Assistance with budgeting, forecasting, and cash flow management.
Tax Efficiency Advice: Guidance on optimizing tax positions and ensuring compliance with tax regulations.
Business Partnering Solution: Acting as a “value-for-money bolt-on” to a client’s team, assisting with financial restructuring and growth strategies. This is particularly valuable for businesses without an in-house finance manager.

Specialized Support for Different Business Sizes

The website clearly segments its services based on business size, recognizing that different stages have distinct needs.

Start-Up Business from £30 p/m: Focus on setting up processes and meeting HMRC requirements for new ventures.
Micro/Small sized Business from £75 p/m: Tailored for businesses with 1-5 employees and turnover up to £250k, addressing their specific compliance and growth needs.
Medium sized Business from £150 p/m: For businesses with 6-20 employees and turnover between £250k and £1.5m, likely involving more complex reporting and advisory.
Larger sized Business from £250 p/m: For businesses with 21+ employees and turnover over £1.5m, requiring robust financial management and strategic oversight.

Onyx.accountants Pros & Cons

Based on the website’s presentation, Onyx.accountants highlights several strengths that could appeal to businesses, alongside some areas that might warrant further inquiry. Budgetshippingcontainers.co.uk Reviews

Pros: What Onyx.accountants Does Well

The company emphasizes a client-first approach and a commitment to clarity and efficiency.

Personalized Service: The promise of a “dedicated Onyx Team” led by a qualified accountant ensures tailored support, a significant advantage over generic accounting services. Client testimonials frequently mention this personalized attention.
Guaranteed Deadlines: Their pledge to pay overdue fines if they miss statutory submissions given timely client info demonstrates strong confidence in their processes and provides a critical assurance for businesses. This is a rare and compelling guarantee.
Comprehensive Offerings: From basic compliance to advanced business advisory, they cater to a wide spectrum of needs across various business sizes and structures sole traders, partnerships, limited companies.
Clear Pricing Tiers: The transparent “from £X p/m” pricing for different business sizes allows potential clients to quickly gauge affordability and relevance to their scale.
Experienced Team: The website highlights that their advisors are fully qualified ACCA accountants based in Birmingham and Wolverhampton, with a background of growing within Onyx, suggesting deep internal knowledge and stability.
Focus on Education: Their mission to “break the barriers business owners have with finance” and their blog posts indicate an effort to educate clients, helping them understand their numbers better.

Cons: Potential Areas for Consideration

While the website provides a positive image, some aspects might require further clarification or may not suit every business.

Pricing Specificity: While “from £X p/m” is a good start, the actual cost will vary significantly based on specific services required. Businesses might need to engage in a consultation to get a precise quote, which could be a hurdle for those looking for instant transparency.
Geographic Focus: While they cater to businesses “further afield,” their primary location in Birmingham and Wolverhampton might suggest a stronger local presence and network. Businesses outside these areas might wonder about the practicalities of remote collaboration.
Technology Integration: The website doesn’t explicitly detail the accounting software or cloud platforms they integrate with e.g., Xero, QuickBooks, Sage. This information is crucial for modern businesses that rely on specific tech stacks.
Scalability for Rapid Growth: While they serve larger businesses, the emphasis on a “dedicated team” might raise questions about how effectively they scale resources for clients experiencing extremely rapid growth or needing highly specialized, on-demand financial modeling.
Lack of Direct Online Tools/Portal: The website doesn’t immediately suggest a client portal or online tools for easy document submission or real-time financial dashboards, which are common offerings from modern accounting firms. This might require traditional methods of communication and data exchange.

Onyx.accountants Alternatives

For businesses exploring accounting and advisory services, several types of alternatives exist, ranging from other traditional firms to modern cloud-based solutions and DIY approaches.

The best choice often depends on a business’s size, complexity, budget, and preference for involvement in financial management.

Traditional Accounting Firms

Many local and regional accounting firms offer similar services to Onyx.accountants, focusing on personalized client relationships and comprehensive support. Carcomms.co.uk Reviews

Local Chartered Accountants: These firms often provide similar services tax, compliance, advisory with a strong understanding of local business environments. Examples might include firms like Price Bailey, Saffery Champness, or smaller, independent practices in your area.
Specialized Consultancies: Some firms focus on specific industries or niche financial challenges e.g., R&D tax credits, international tax.

Cloud-Based Accounting Platforms & Managed Services

For businesses comfortable with technology and looking for streamlined processes, cloud-based solutions combined with accounting support are popular.

Xero/QuickBooks Online with Partner Accountants: Many accounting firms partner with these platforms to offer integrated services. Businesses can use the software for daily tasks, and the accountants handle compliance and advisory. This offers real-time data access.
Online Accounting Services e.g., Crunch, Mazuma Accounting: These firms often provide fixed-fee packages, primarily online communication, and leverage technology for efficiency. They are often popular with freelancers, contractors, and small businesses.

DIY Accounting Software

For very small businesses or sole traders with straightforward finances, managing accounts in-house using dedicated software can be a cost-effective option.

Xero, QuickBooks Online, Sage Business Cloud Accounting: These platforms offer user-friendly interfaces for managing invoices, expenses, payroll, and generating reports. They integrate with banks and other business tools.
Free Invoicing/Bookkeeping Tools: For extremely basic needs, some free software or spreadsheet templates can suffice, though they offer limited features and no advisory.

Considerations When Choosing an Alternative

When evaluating alternatives, businesses should consider:

Cost: Compare fixed fees, hourly rates, and value-added services.
Service Scope: Does the alternative offer compliance, advisory, and specific industry expertise?
Technology Integration: How well does it integrate with existing business tools?
Communication Style: Do you prefer face-to-face meetings, phone calls, or online portals?
Specialization: Does the alternative have experience in your specific industry or business type?

How to Cancel Onyx.accountants Subscription

Based on the information available on the Onyx.accountants website, details on how to formally cancel a subscription or engagement are not explicitly outlined in a dedicated section like a “Cancellation Policy” or “Terms of Service” link within the main navigation. This is typical for service-based businesses where engagements are often handled on a client-by-client basis rather than through an automated online cancellation process.

Steps to Initiate Cancellation

To cancel your services with Onyx.accountants, you would typically follow these steps, which align with standard professional service engagement practices: Morgansindall.com Reviews

Direct Communication is Key: The most effective and professional way to initiate a cancellation is to contact your dedicated Onyx team or advisor directly.
- Phone Call: Call their main number: 0121 753 5522. This allows for immediate discussion and clarification.
- Email: Send an email to your primary contact at Onyx.accountants or use their general “Get in touch” form to express your intent to cancel. Be clear and concise about your decision.
Review Your Engagement Agreement: When you initially signed up for services, you would have received an engagement letter or service agreement.
- Terms and Conditions: This document should outline the terms of service, including notice periods required for cancellation, any outstanding fees, or procedures for transferring financial records.
- Notice Period: Be aware of any notice period stipulation e.g., 30 or 60 days to avoid incurring additional charges after your intended cancellation date.
Confirm Outstanding Obligations: Before and during the cancellation process, clarify any remaining financial obligations or tasks.
- Pending Deadlines: Ensure all statutory submissions e.g., VAT, payroll, annual accounts up to the cancellation date are completed and filed.
- Invoicing: Settle any outstanding invoices for services rendered.
Data Transfer and Handover: Discuss the process for transferring your financial data and documents to your new accountant or back to your business.
- Secure Transfer: Inquire about their secure methods for providing access to your digital records.
- Documentation: Request all relevant financial reports, ledgers, and past submissions.

Important Considerations

Written Record: Always follow up any phone conversations with an email to create a written record of your cancellation request and any agreed-upon terms.
Professional Conduct: Maintain professional communication throughout the process, even if you are dissatisfied with their services.
Timing: Consider the financial year-end or upcoming tax deadlines when planning your cancellation to ensure a smooth transition and avoid compliance issues. Cancelling immediately after a major submission e.g., annual accounts can often simplify the handover.

Given that Onyx.accountants emphasizes personalized service, it’s highly probable that their cancellation process is handled directly with the client’s assigned team to ensure a smooth off-boarding and data transfer. Exacthosting.com Reviews

Onyx.accountants Pricing

Onyx.accountants provides transparent “starting from” pricing tiers directly on their homepage, categorized by business size.

This approach offers a clear initial indication of costs, allowing businesses to quickly identify the relevant bracket for their operations.

However, it’s important to remember these are baseline figures, and the final cost will depend on the specific services required.

Pricing Structure Overview

The pricing is structured into four main tiers based on the size and turnover of the business:

Start Up Business:
- From £30 p/m
- Target Audience: Businesses just starting out, unsure of HMRC requirements.
Micro/Small sized Business:
- From £75 p/m
- Target Audience: Businesses with 1-5 employees and turnover up to £250k.
Medium sized Business:
- From £150 p/m
- Target Audience: Businesses with 6-20 employees and turnover between £250k and £1.5m.
Larger sized Business:
- From £250 p/m
- Target Audience: Businesses with 21 or more employees and turnover over £1.5m.

What “From” Pricing Implies

The use of “from” indicates that these are starting points, and the actual monthly fee will vary based on: Rootandpestlekava.com.au Reviews

Specific Services Chosen: Whether a business needs basic compliance, payroll, VAT returns, comprehensive advisory, or specific industry-related services.
Transaction Volume: Businesses with higher transaction volumes more invoices, bills, bank reconciliations generally require more time and effort from accountants, leading to higher fees.
Complexity: Unique financial situations, international dealings, or intricate tax planning requirements will likely increase the cost.
Software Integration: If specific accounting software e.g., Xero, QuickBooks is used and requires specific management, this might influence pricing.

Getting a Definitive Quote

To get an exact price, Onyx.accountants encourages potential clients to:

Book a FREE No-Obligation Consultation: This is the recommended route to discuss specific business needs and receive a tailored quote. This allows them to assess your unique situation and propose a package of services.
Direct Contact: Reaching out via phone 0121 753 5522 or their online inquiry form.

Value for Money

Considering the advertised features such as a dedicated qualified accountant, guaranteed timely submissions with their “we pay your fines” pledge, and business advisory, the starting prices appear competitive for a personalized service model.

The value proposition is centered on peace of mind, strategic insight, and freeing up business owners to focus on their core operations, which for many, justifies the investment.

For instance, the cost of an in-house finance manager or the penalties for missed deadlines could significantly outweigh the monthly fees.

Onyx.accountants vs. Other Accounting Service Models

When evaluating Onyx.accountants, it’s useful to compare their service model against other common approaches to business accounting. Stationery-direct.co.uk Reviews

This helps businesses understand where Onyx.accountants fits in the broader market and whether their approach aligns with specific needs.

Onyx.accountants’ Model: Dedicated & Consultative

Onyx.accountants positions itself as a traditional, yet modern, accounting firm with a strong emphasis on personalized service and strategic partnership.

Key Characteristics:
- Dedicated Team: A specific qualified accountant and team are assigned to each client.
- Consultative Approach: They aim to go beyond just compliance, offering advice on business growth, tax efficiency, and financial optimization.
- Guaranteed Compliance: Their “we pay your fines” pledge for missed deadlines given timely client data is a significant differentiator, indicating high confidence in their processes.
- Local Presence UK: Primarily serving businesses in Birmingham and Wolverhampton, fostering a local connection while also catering to clients “further afield.”
- Tiered Pricing: Clear “from” pricing based on business size provides initial cost transparency.

Vs. Online-Only / Cloud Accountants

This model heavily leverages technology for efficiency, often offering lower fixed fees but potentially less personalized interaction.

Examples: Crunch, Mazuma Accounting, many Xero/QuickBooks partner firms focused solely on online interaction.
Pros: Often more cost-effective for basic compliance, highly automated processes, 24/7 access to cloud accounting software.
Cons: Less face-to-face interaction, advisory might be more generic or require additional fees, may not suit businesses with complex or highly specific needs, less emphasis on a dedicated human relationship.
Comparison with Onyx: Onyx.accountants offers more hands-on, relationship-driven support compared to purely online models. While they likely use cloud software, their emphasis is on the human advisor element.

Vs. Freelance Accountants / Bookkeepers

Individual professionals working independently, often offering flexible arrangements.

Examples: Self-employed bookkeepers or part-time accountants.
Pros: Highly flexible, potentially lower rates for specific tasks, direct communication with one individual.
Cons: Limited capacity, may lack the breadth of expertise of a team, no backup in case of illness or leave, may not carry the same level of professional indemnity insurance or guarantees as a firm.
Comparison with Onyx: Onyx.accountants offers the security and broader expertise of a firm with multiple qualified advisors, providing a more robust support system than a single freelancer.

Vs. Large Corporate Accounting Firms e.g., Big Four

These firms cater primarily to large corporations, publicly traded companies, and offer a vast array of highly specialized services. Atlantabookpublishers.com Reviews

Examples: Deloitte, PwC, EY, KPMG.
Pros: Extensive global networks, deep specialization in complex areas M&A, international tax, audit, unparalleled resources.
Cons: Significantly higher fees, less personalized service for smaller clients, potentially slower response times for day-to-day queries due to large client portfolios.
Comparison with Onyx: Onyx.accountants is positioned as a middle ground—offering a comprehensive, professional service that is more personalized and accessible than the large corporate firms, making it ideal for SMEs.

Vs. In-House Finance Teams

Hiring internal staff to manage all financial functions.

Pros: Complete control, immediate access to financial expertise, deep understanding of internal operations.
Cons: High cost salaries, benefits, overhead, difficulty finding and retaining talent, requires internal management, limited external perspective.
Comparison with Onyx: Onyx.accountants offers a “value-for-money bolt-on” alternative for businesses that need high-level financial insight without the overhead of a full-time finance manager. This is particularly beneficial for medium-sized businesses looking to grow.

In essence, Onyx.accountants seems to strike a balance between the personalized attention of a small, local firm and the professional competence and comprehensive offerings of a larger, more established practice, making it a strong contender for SMEs seeking reliable, advisory-focused accounting support.

Ensuring Ethical Financial Practices

While professional accounting services are essential for any business, it is paramount to ensure that all financial practices and advice received align with ethical principles.

For those who prioritize ethical conduct, it is crucial to proactively seek out advisors who understand and respect these values, especially when dealing with aspects like interest riba or questionable investment opportunities.

Avoiding Prohibited Financial Activities

Many financial systems globally include elements that are considered impermissible under certain ethical frameworks. Sdsdriving.co.uk Reviews

It is vital for individuals and businesses to be vigilant and ensure their financial dealings remain free from these elements.

Riba Interest: This is a key area of concern. Any financial transaction involving interest, whether as a borrower or lender, should be approached with extreme caution. This includes conventional loans, credit cards, and certain types of investments that generate income through interest.
- Diligent Inquiry: When an accountant proposes financing options or investment strategies, it is important to inquire about the underlying mechanisms to ensure no interest is involved.
- Debt Management: Avoid accumulating debt that accrues interest. Focus on paying off existing interest-bearing debts as quickly as possible.
Gambling and Speculation: Financial activities that involve excessive uncertainty gharar or are akin to gambling are also impermissible. This can include certain speculative investments or insurance policies that have elements of uncertainty or exploitation.
- Transparent Investments: Seek investments that are asset-backed, have clear risk disclosures, and do not involve prohibited industries.
Financial Fraud and Scams: Any involvement in deceptive practices, bribery, or activities that exploit others is strictly prohibited. Ethical conduct demands honesty and integrity in all financial dealings.
- Due Diligence: Always perform thorough due diligence on any financial opportunity or partner.

Promoting Permissible Financial Alternatives

Instead of engaging in impermissible activities, focus on and advocate for ethically sound financial practices.

Halal Financing: Explore options like Murabaha cost-plus financing, Musharaka partnership financing, or Ijarah leasing, which are designed to avoid interest. Some specialized financial institutions offer these alternatives.
Ethical Investing: Look for investments that are screened to exclude companies involved in alcohol, gambling, conventional finance, or other non-permissible industries. This often involves Shariah-compliant funds or ethical investment portfolios.
Honest Trade and Business: Emphasize fair pricing, transparency, and integrity in all business transactions. Profit should be generated through legitimate means and real economic activity.
Takaful Islamic Insurance: This is a cooperative system of insurance based on mutual assistance, where participants contribute to a fund that is used to pay claims. It avoids the elements of interest and excessive uncertainty found in conventional insurance.
Zakat and Sadaqah: Encourage giving back to the community through Zakat obligatory charity and Sadaqah voluntary charity. This promotes economic justice and helps purify wealth.

When working with accountants or financial advisors, it is crucial to communicate your ethical preferences clearly.

A professional and adaptable firm should be able to guide you toward permissible solutions or advise you on how to structure your finances in a way that respects your values.

If an advisor cannot or will not accommodate these needs, it may be necessary to seek an alternative firm that specializes in or is more familiar with ethical financial principles. Badshahcric.net Reviews

This proactive approach ensures that your business and personal finances remain on a sound and principled footing.

Frequently Asked Questions

What services does Onyx.accountants offer?

Onyx.accountants offers a range of services including statutory submissions, bookkeeping, payroll management, financial planning, tax efficiency advice, and business advisory, catering to businesses of all sizes from startups to large enterprises.

Is Onyx.accountants suitable for startups?

Yes, Onyx.accountants has a dedicated tier for “Start Up Business” from £30 p/m, focusing on helping new ventures establish processes and meet HMRC requirements.

Where is Onyx.accountants based?

Onyx.accountants is based in Birmingham and Wolverhampton, UK, but they also cater to business owners “further afield.”

What is the mission of Onyx.accountants?

Their mission is to “break the barriers business owners have with finance,” aiming to make financial numbers a source of success rather than stress. Explorelearning.co.uk Reviews

Do they offer a free consultation?

Yes, Onyx.accountants offers a free, no-obligation consultation for potential clients to discuss their needs.

How does Onyx.accountants handle missed deadlines?

Onyx.accountants guarantees timely statutory submissions and pledges to pay any overdue fines if they miss a deadline, provided the client supplies information on time.

What types of businesses do they help?

They help sole traders, partnerships, limited companies, and businesses ranging from startups to large enterprises with 21+ employees and turnovers exceeding £1.5m.

Are the accountants at Onyx.accountants qualified?

Yes, their team of advisors are fully qualified ACCA accountants.

How do I get a precise quote from Onyx.accountants?

To get a precise quote, you need to book a free no-obligation consultation with them, as their online pricing is “from” a certain amount. No1lounges.com Reviews

What is a “dedicated Onyx Team”?

A dedicated Onyx Team means that when you join, you will be assigned your own team, led by a qualified accountant, whose main goal is to understand your business and provide tailored services.

Does Onyx.accountants offer tax return help?

Yes, they explicitly mention helping with self-assessment tax returns, especially as the deadline looms.

Can Onyx.accountants help with business growth?

Yes, they offer services as a “business partnering solution” or a “value-for-money bolt-on” to help with business growth, financial restructuring, and optimizing revenues.

Do they use jargon?

According to their website, they promise “no jargon, no nonsense” in their communication.

How long has Onyx.accountants been established?

Onyx Accountants and Business Advisors was established in 2012. Digitalgolf.de Reviews

Does Onyx.accountants provide sector-specific advice?

Yes, they have “sector pages” for specific industry types, suggesting they offer tailored advice based on industry.

What is their approach to client relations?

They emphasize striving to understand your business, tailoring work to meet your needs, and having a dedicated team always at hand to answer questions simply and directly.

Can they help with Capital Gains Tax implications for rental property?

Based on their blog topics, they discuss “Capital Gains Tax implications and reporting responsibilities to HMRC” for selling rental property, indicating they can assist with this.

What is the process for onboarding a new client?

While not explicitly detailed, their emphasis on a dedicated team suggests a personalized onboarding process where your advisor gets to know the “ins and outs” of your business.

How do I contact Onyx.accountants?

You can contact them via phone at 0121 753 5522, through their “Get in touch” form, or by booking a free consultation directly from their website. Woodili.com Reviews

What is the typical notice period for cancellation of services?

The website does not explicitly state a notice period for cancellation.

This information would typically be found in the engagement agreement or would need to be clarified directly with your dedicated Onyx team.

0.0

0.0 out of 5 stars (based on 0 reviews)

Excellent0%

Very good0%

Average0%

Poor0%

Terrible0%

There are no reviews yet. Be the first one to write one.

Amazon.com: Check Amazon for Onyx.accountants Reviews
Latest Discussions & Reviews:

Onyx.accountants Reviews