Accounting and Tax services for Startups

At Bright Beany Accounting, we will help your startup business succeed by setting up thorough accounting processes and digital accounting software from day one. We will help you to fine-tune your business plan, manage and mitigate any risk and acting as a sounding  board for those big decisions.

The early days of a startup can be hard work; a professional accounting partner can free up your time, ensure you stay compliant, and save you money.

• Advice on which business structure is right for you

• Company formation and company secretarial support

• Accounting software setup

• Digital Bookkeeping

• Payroll

• VAT returns

• Management accounts

• Annual Accounts and Corporation Tax returns

• Confirmation statements

• Business planning, budgeting and cash flow forecasting

• Support with SEIS/EIS applications and compliance

When you work with an experienced and professional accountant like Bright Beany Accounting, there are so many benefits to your fledgling business. Here are just a few.

Compliance

New businesses can benefit from a range of accountancy services to keep them compliant, including company formation, assistance with tax planning, advice on what accounting software to use and setup, digital bookkeeping, tax returns and company accounts.

We will take you through your legal and tax obligations to HMRC and Companies House, help you to establish good bookkeeping practices and prepare and file your tax and statutory accounts, keeping you compliant and taking the stress out of the process along the way.

Commercial support

We have a wealth of commercial experience in the team and can provide a second set of eyes and advise on how to maximise your company’s performance. We can:

1. Reduce risk by stress testing your business plan to ensure your numbers are robust.
2. Help you establish the business systems required for success, that have been developed over decades of real-life success – not just theory. The pillars of a successful business are marketing, a sales system, an operations system and, of course, a finance system.

Tax efficiency

At Bright Beany Accounting, our startup accounting team can help to reduce your tax liability. As your business partner and tax advisor, we keep up to date with any developments and look for ways to save you tax through available reliefs and benefits.

Even if your startup business isn’t making a profit in the beginning, you can build up tax savings to then offset against future profits. We will make sure you understand the tax implications of the decisions you make.

Useful business contacts

As your dedicated accountant we can share experienced, trustworthy and cost-effective industry contacts. For example, we can make recommendations to lenders for raising finance (for long-term or initial funding), to marketing companies, HR experts and lawyers.

Are you looking to raise equity funding through SEIS and EIS?

SEIS (Seed Enterprise Investment Scheme) and EIS (Enterprise Investment Scheme) are government initiatives that offer tax reliefs to investors in small, early-stage companies. Bright Beany Accounting has significant experience with SEIS and EIS, so please get in contact with us for advice.