Accountants For Startups
As Accountants for Startups, we love working with startups and seeing the difference we can make as they take their first steps in business, providing them with the financial guidance and support needed during this crucial phase.
Being a newer accounting firm, we truly understand the challenges that business owners, especially startups, face in their early stages. We firmly believe that for businesses to succeed, they must have the ability to adapt to changing circumstances.
Startups often experience rapid changes in their products and services, requiring accounting systems that can easily adjust to these shifts. Unlike many traditional accounting firms that offer a one-size-fits-all approach, our expertise lies in being specialised accountants for startups. We’re dedicated to meeting the specific needs of these businesses, going beyond mere compliance. Our aim is to drive businesses forward on their journey to success actively.
Supporting your start-up right from its formation
There are some parts of finance (filing accounts, VAT returns and paying your staff for example) that you need to keep on top of as a business owner. These are important – legally at least – but where our startup business accountants differ from other firms is by focusing on the matters that will give your start-up business growth, not just things that’ll keep the authorities happy.
Fast growth is what ambitious business owners crave, and our team of finance experts are best placed to help you grow your business, too. Knowing where the money is going or where it’s going to be coming from is vital – but you won’t often hear accountants telling you this sort of useful, tangible detail that could make or break your business. Looking at systems, profitability, cash movements and long-term plans, we will give you the sort of information that an ambitious business owner like you relies on and thrives on.
The top priorities for start-up businesses
Starting your own business can be a little daunting. In our experience, the skills and benefits most start-up business owners like you enjoy after choosing MNE Accounting as their accountant include the following:
- A professional, friendly yet open relationship
- A business partner offering strategic, proactive advice you can act upon
- A firm with their finger on the pulse of your industry (and their own)
- Consistent support from a dedicated client manager
- A firm that goes beyond annual accounts and tax compliance, helping your business in areas such as funding and investment
- An accountant that understands the needs of start up businesses
Whatever your priorities are when looking for an accountant, don’t hold off hiring an accountant. Read our blog, “When should a startup business hire an accountant?” for tips on why it’s important to start liaising with an accountant straight away.
Of business owners who cited a business issue as a reason for failure, 65% blamed financial issues such as cash flow problems.
Easy-to-use accounting tools to help manage your business
Embarking on a new business venture can be quite an uphill task. To make things smoother for you, we’re offering a range of tools and apps that handle the nitty-gritty and tackle those administrative duties. These tools help smoothly transfer data from your invoices, receipts, and statements into your accounting system.
This not only keeps your financial details well-organised but also sets the stage for our specialised services as accountants for startups. With this approach, we don’t just crunch numbers – we also bring extra value to the table. Count on us for extended support and insightful guidance in critical areas of your business.
FAQs Accountants For Startups
What accounting services do you offer for startups?
We offer everything a startup needs, from setting up your accounting system and tax planning to ongoing bookkeeping, VAT returns, payroll, and management accounts. Our goal is to ensure your finances are streamlined and your business is compliant from day one.
How can you help my startup manage cash flow?
We’ll help you stay on top of your cash flow with smart forecasting, expense monitoring, and clear reporting, so you always know what’s coming in and going out. We’ll also provide practical advice to help you make informed decisions, confidently plan ahead, and avoid any cash flow problems as your business grows.
Do you assist with setting up a cloud accounting system for my startup?
Yes, we help startups set up efficient cloud accounting systems like Xero. This automates processes such as bank reconciliation, invoice generation, payment processing, some data entry, report generation, and VAT calculations (if your business is VAT registered, which is typically required once your taxable turnover exceeds the UK threshold of £90,000). Using these tools saves you time, improves accuracy, and allows you to work collaboratively with your accountant.
What tax obligations should a startup be aware of?
As a startup, you’ll need to stay on top of corporation tax, VAT registration, and PAYE if you have employees. We’ll guide you through your tax responsibilities, help you meet your filing deadlines, and ensure you take advantage of available tax reliefs and allowances.
How much does accounting for startups cost?
Our fees are tailored to your startup’s specific needs and budget. We offer flexible pricing packages that scale with your business as it grows, ensuring you only pay for the services you need while getting the support you require.
Our accountants for startups are ready to help your business
To get advice on getting your business off the ground, speak with one of our expert accountants today by calling 0116 255 2422.
Alternatively, get in touch with MNE Accounting by completing the form below, which will go directly to one of our Leicester-based accountants.