BeanLab

BeanLab is an accounting practice in Elgin that acts as an outsourced finance department for companies and also handles tax for individuals and families. It links its services through a method it calls the Catalyst Process, where bookkeeping, tax, payroll and advice are planned together rather than as separate jobs.

What BeanLab offers

• Accounting and bookkeeping — year-round bookkeeping aimed at spotting chances for growth.
• Business advisory — diagnostic reviews of a company's accounts to improve cash flow and profit and plan growth.
• Payroll — running payroll and dealing with issues such as hiring in new states and staff benefit enrolment.
• Taxes — annual returns, sales tax filings and quarterly estimates, handled by an accountant assigned to each client.
• Resolution services — help sorting out tax problems.
• Back-office set-up — basic systems, compliance and people management so owners gain time for planning.

Who it works with

BeanLab serves both individuals, including family tax planning, and businesses. One client story describes supporting a self-funded startup from its early days through years of rapid growth.

Key facts

• Based in: Elgin
• Method: the Catalyst Process, which treats accounting services as one connected programme