TN Accountancy – Jack Sales
Let us introduce Jack, he recently shared with The Kent Foundation some really useful information for the Kent business community entitled Coronavirus – Where are we now? So we thought we would share a little more about him, and his business.
Hello, my name is Jack Sales, I am a Chartered Tax Adviser and I am the owner/director of TN Accountancy based in Tunbridge Wells. Outside of work, I am passionate about motorsport and used to race karts and Caterham 7 cars until the end of 2017. I set up TN Accountancy in September 2018, having previously worked at other accountancy firms (including a ‘Big 4’ accountancy practice and another top 10 firm) since 2011.
One of the most frustrating things working elsewhere was being hamstrung by inefficiency; too much time was being spent on administration and red-tape, meaning less time was being spent on providing clients with the service they pay for.
I therefore set up TN Accountancy to be extremely efficient, so that as much time is spent serving clients and providing all important tax advice as possible. Rather than being fixated on annual financial targets (as is so often the case in the industry), the wider picture is considered; I firmly believe that if we do a great job for clients and offer great value as a result, this will benefit our business in the long term.
Biggest success to date
I would have to say that the biggest success to date was making the final in the Tolleys Taxation Awards in 2019, where we were listed as one of the top 5 best new tax practices in the UK.
For me, the first 6-9 months were extremely challenging trying to get clients onboard, which then turned into a cashflow challenge. What I would say off the back of this to anyone looking to set up their own business is to be patient and to budget for a slow start; it took me 3 months to raise my first sales invoice, but now after 18 months, TN Accountancy has over 100 clients and is continuing to grow.
Plans for the future
My plans for the future are simply to grow the business. So far I have gone from working from my mum & dad’s kitchen table to operating out of an office in the High Street in Tunbridge Wells (although now due to Coronavirus I am back on the kitchen table, but not at my parents!).
The next steps will be to build a team of people as the client numbers continue to grow.
Tips for other young business owners
As alluded to above, as a general rule, be patient and allow/budget for a slow start; it takes time to get going.
More specifically to current times with Coronavirus, it is imperative to make sure that you fully understand what government support you might be eligible for in the current climate, as most businesses have been affected by the Coronavirus outbreak in some way.
If you would like to find out a bit more about us, please visit https://tnaccountancy.co.uk/ where you can also find information on the government’s Coronavirus business support.
If you would like any more information, please do not hesitate to contact us on [email protected] or 01892 576550.