Accountants for a New Business

Accountant in Milton Keynes for a new business?

Your options, along with the advantages and disadvantages of various trading types will be explained to you in layman’s terms and we promise to keep the technical language to an absolute minimum.

If you are a new start-up business, we will provide all the time required in order to set your new business up, completely free of any charge. During this time, we would hope to secure the services for your Bookkeeping and Accountancy requirements.

There is no obligation on your part whatsoever.

We can help you with initial business plans, budgets and cash flow projections. Quite often during an initial consultation we find that clients have gone to enormous lengths to provide detailed forecasts and projections for their new business. If you are in that position that’s terrific!

Equally a blank piece of paper a pen and a calculator are often sufficient to progress the financial issues your new business will face.

It may well be the case that you are only in the very early stages of developing your new venture and may not see accountancy services as a priority just yet. In our experience it’s never too early to share your ideas with an experienced accountant.

We suggest a face to face meeting in order that you can tell us about your plans for your business. Basic decisions such as whether to trade under your own name (Sole Trader) or to start a Limited Company would be discussed.

 New Business Accounts Advice

If required, helping you formulate a professional, realistic business plan that can be confidently presented to a bank or other commercial lender

It may well be the case that you are only in the very early stages of developing your new venture and may not see accountancy services as a priority just yet. In our experience it’s never too early to share your ideas with an experienced accountant.

Some key issues that would usually be discussed include;

  • Should the new business register for VAT?
  • Registering with HMRC
  • Help you choose a cloud based bookkeeping system
  • Helping you claim back any pre start-up expenses you have personally incurred
  • What type of expenses can be claimed?
  • Should the business purchase or lease a vehicle, or should you use your own vehicle?

We will advise you of the various advantages, and disadvantages, of your options for the make up of the business, e.g;

Sole Trader

Partnership

Limited Company

Client Accounting Advice and Information Includes;

VAT

Should the new business register for VAT?
Must the new business register for VAT?
Whats the benefit of voluntary VAT registration?
What are the different types of VAT schemes?

Vehicles

Should the business purchase or lease a vehicle, or should you use your own vehicle?
Whats the difference between, Leasing, Contract Hire and Hire Purchase?
Should I claim a mileage allowance?

Set up Costs

How do I claim back any set up costs I have personally incurred on behalf of the business?
How can I lend the business money to keep it going until it gets some money in?
Can I charge the business interest on any money I lend it?

Record Keeping

Helping you choose one of our existing packages, or tailoring a custom software package.

Raising Finance

If required, helping you formulate a professional, realistic business plan that can be confidently presented to a bank or other commercial lenders.

Have Any Questions?

We would be happy to discuss any requirements with you.

Company No: 09614811
VAT Reg No: 215217639
ICPA Membership No: BRI060
Money Laundering Registration No: 12827629

Brilliant Accountants ltd


Suite 29
Milton Keynes Business Centre
Foxhunter Drive
Linford Wood
Milton Keynes
Buckinghamshire
MK14 6GD
United Kingdom

01908 686860
07712 121212
info@brilliant-accountants.co.uk
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