360 accountants absorb increased costs for clients

(L-R) 360’s Managing Director Adrian Hunter with Sophie Holmes, Client Services Director and Founder and Director Andy Steele.

360 Chartered Accountants says it will be absorbing increased costs to help their clients as businesses face soaring energy and fuel prices as well as other increases due to Brexit and the war in Ukraine.

Adrian Hunter, Managing Director of 360, which has offices in Hull, East Yorkshire and York, said:

“The huge increases that business are facing now is a massive burden on top of the difficulties they already faced as a result of the Covid pandemic. We are on the frontline helping our clients through these difficult times and we see firsthand the impact this is having. We certainly don’t want to add any extra stress which is why we have decided not to increase our standard pricing in 2022 for accountancy services and payroll services, which are delivered by our 5Four Payroll bureau.”

360’s award-winning success has been based on putting their clients front and centre of every decision they make, including this one. They hope it will lessen the anxiety faced by businesses and give them some breathing space to divert funds to manage their fuel, energy and any other increasing costs.

Indeed, it will be a welcome relief to many. A recent study by energy analysts Cornwall Insight found that small and medium-sized businesses (SMEs) have seen an average gas bill increase of more than 250% in the first three months of 2022 in comparison to the same period in 2021.

360’s Founder and Director, Andy Steele said:

“Our costs are also increasing but thanks to the investment we’ve made in IT, software and the team over the years, we’re able to absorb these for the foreseeable future and not pass them on to our clients. We were there doing everything we could for our clients during the dark days of Covid and we will continue to do so during 2022 and beyond.”

Meanwhile, 360 would like to invite any businesses, whether clients or not, to get in touch for a coffee and a chat if they would like some advice on how to manage their budgets moving forward.

For more information about 360 Chartered Accountants and 5Four Payroll, please visit www.360accountants.co.uk or call Hull 01482 427360 or York 01904 217360.