Honest & Young – more than just accounting

Honest & Young – more than just accounting
Sean Car

If you’re looking for local accountants who not only offer high-quality service during tax time but will go that extra mile for you or your business at every step of your journey, then look no further than the award-winning team at Honest & Young.

While the company itself may have only been around since 2011, its co-founders Sid Sharma and Pritpal Singh have more than 40 years of industry experience between them, combining to bring honesty, integrity and a strong sense of dynamism to their practice.

Having originally set up their business in Hawthorn in 2011, the pair recently expanded their team’s presence closer to the heart of Melbourne’s CBD with the establishment of an additional office on St Kilda Rd in 2020.

And having recently become a resident of Southbank himself, Mr Sharma said postcode 3006 and its surrounds were of particular focus to the business as it sought to bring its relationship focused approach to accountancy to the local community.

“It’s been good setting up on St Kilda Rd as it’s very close to Southbank,” Mr Sharma said. “I’m a local in Southbank and so I can relate to the whole community. The locals are very good here.”

“We’re still getting local clients, and this is a market that I want to grow because we’re so close by and, by all means, we’re always open for a coffee, catch-ups, and we have this kind of informal relationship with all of our clients.”

“It’s not a case of our clients sitting on that side of the table and we’re sitting on the other, it’s an open and honest relationship and that’s very much how I like to build our client base as well.”

Having established their business together upon a shared appreciation for how the accountancy industry was “changing shape”, Mr Sharma said both he and Mr Pritpal were equally as passionate about embracing collaboration and innovation.

With a diverse team of six accountants, Honest & Young offers everything from general accounting and taxation to bookkeeping, compliance and business advice – the latter being something Mr Sharma described as a proud “point of difference” to other practices.

“We work very, very closely with our clients. I’m really passionate about finding solutions to a client’s problem,” Mr Sharma said.

“For small businesses, being an accountant, I feel we’re part of the management – we feel the pain the business owner is feeling, particularly during the past two or three years with COVID.”

To establish whether a client is the right fit for our services, Mr Sharma said Honest & Young offers free 30-minute consultations and made a point of always meeting a client at where they or their business was located to gain the best possible understanding.

And when it comes to its service fees, Mr Sharma said Honest & Young offered a fair and transparent structure, which didn’t charge clients for additional enquiries or questions via phone or email.

“Once we set up a fee proposal for a business client, we have weekly payment option for their yearly package. No more invoice surprises – this will include their yearly accounting, bookkeeping, payroll, it doesn’t matter how many times they call us or email us.”

“We serve all range of businesses from freshly established to furnished businesses. We do not hesitate to arrange your loose receipts, document boxes and any other random statements. Our motive is to shelf your business records with perfection.”

For $87 per week, Honest & Young offers a yearly small business tax and accounting package tailored specifically for hospitality and retail based businesses, which includes taxation, bookkeeping, dedicated app for receipt keeping and general accounting support.

To book a free consultation or to find out more information, visit honestandyoung.com.au

Southbank News readers can also claim an exclusive tax return offer (valid for basic individual tax returns only) by visiting clicking here •

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