A warm welcome to the latest business to join the 3M BIC, My Management Accountant.
My Management Accountant is a specialist digital business that delivers accountancy services to owner-managed businesses across the UK, from quarterly and annual compliance services, monthly accounting support through to specialist tax advice, including R&D tax claims.
Founder and Managing Director, Martin Brown, tells us more about the business, why they now have a base here at the 3M BIC and the values they uphold as a team.
Tell us about My Management Accountant and the team based here at the 3M BIC.
We’re a specialist digital business delivering accountancy services to a growing number of owner-managed businesses across the UK.
With a core value of “more than just the bottom line”, we take time to understand our clients, their businesses, and appreciate their challenges.
Ranging from quarterly & annual compliance services, ongoing monthly accounting support, through to specialist tax advice, our team of knowledgeable and experienced professionals form close working partnerships with our clients.
Our team operates as the finance department of our clients’ businesses rather than as the accountant you speak to once a year!
What projects are you currently working on?
Alongside delivery our core accounting services to an expanding client base, we’re helping more and more businesses with R&D Tax reclaims (and recently received the £1m milestone in terms of collective tax savings for our clients!), helping raise working capital for our clients, migrating businesses to cloud-accounting software, and have recently assisted in setting up both an Enterprise Management Incentives (EMI) share scheme (to incentive employees) as well as an Enterprise Investment Scheme (EIS) (to attract third-party investment).
What made you move to the 3M BIC?
Having previously been office-based prior to the pandemic, we moved to being fully remote based, and have remained that way ever since.
We spend a lot of our time on client site so don’t really need an office for clients to visit us.
However, as a team we wanted somewhere to meet together regularly and to have a break away from our home offices.
Having visited the 3M BIC clients based here in the past, and more recently having used the hot desks and meeting rooms, it seemed the natural choice!
Why do you like being based at the 3M BIC?
It’s a great location, central for our team, close to the Huddersfield Business School with whom we have ties, with some interesting 3M BIC community events.
Plus, not being a typical firm of desk-bound accountants means we like being surrounded by businesses doing whatever it is they do.
Being located across the corridor from a lab is really interesting to us, even if we have no clue what experiments they’re carrying out!
What should we be looking out for in your industry?
As with many industries, software – particularly AI – is overhauling the role an accountant plays in business, with the routine, repeating work increasingly being completed by software, leaving commercially-minded accountants like ourselves more time to use our experience to deliver the real value-add work that business owners need.
What are the future plans for My Management Accountant?
To continue building on the strong growth we’ve had over the last few years, by growing our team to deliver more of our services to a wider client base, and by remaining at the forefront of cloud-accounting.
Learn more about My Management Accountant here.