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Accountancy practice finance

We provide tailor-made finance for your professional practice. Regardless of the size of your firm, we can help you whilst maintaining your working capital.

19%

of accountants expect to operate with more staff in future*

41%

of accountants rely on bank/funder loans as their main source of finance followed by government grants and savings*

15%

of accountancies expect their business to expand*

*Braemar Finance Business Barometer

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Professional practice loans to help you build a successful business

Our range of tailor-made finance options, including professional practice Loans, Hire Purchase and Lease agreements, are designed for the accountancy profession.

As an accountant you understand the need to protect your assets and plan for the future, ensuring that your cash flow is healthy and doesn’t endanger any existing credit lines.  We provide a range of finance options that can be tailored to meet the individual needs of your practice, whether you are a start-up or an established form.

Accountancy practice finance options:

Our range of professional practice Loans, Leasing and Hire Purchase products allow for fixed monthly repayments enabling you to budget with confidence whilst enhancing your cash flow.

    Business loans

    If you need a cash injection to support business investment, such as partner buy ins / buy outs, acquisition or refurbishment, a professional practice loan could be the solution.
     

    Typical uses include:

    • Case acquisition finance
    • Refurbishment projects
    • Capital injection / release
    • Buy in / buy outs
    • Aged-debt and PII Premiums
    • Block fees
    • Disbursements
    • Equity
    Personal loans

    A personal loan is a form of borrowing that can be used for virtually any purpose which is both easy and convenient and allows you greater flexibility.

    Personal loans can be used for purposes such as:

    • Tax bill funding
    • School fees
    • Home improvements
    • Weddings
    • Holidays
    Consolidation loans

    If you have a number of existing agreements, credit card balances and other regular finance overheads, a consolidation loan may be the way forward.

    Benefits of consolidation and refinancing:

    • Combines finance commitments
    • One monthly payment
    • Term of agreement to suit
    • Simplifies cash flow
    • Improves budget control
    Tax loans

    Tax loans permit you to spread the cost of your tax demand into affordable monthly payments.

    Benefits of a tax loan:

    • Control of cash flow

    • Fixed monthly payments

    • Faster Payments

    • Protects existing bank facilities

    • Quick and simple to arrange

    • Flexible repayment terms

    • HMRC receives funds on time

    VAT loans

    VAT loans allow you to spread the cost of your tax liability into affordable monthly payments.

    Benefits of a VAT loan:

    • Take the pressure off working capital
    • Smooth cash flow peaks and troughs
    • Fixed monthly payments
    • Quick and simple to arrange
    • Can be paid directly to HMRC
    Hire Purchase

    Hire Purchase allows outright ownership of the asset and enables you to spread the cost over a term that suits you.

    • Expenditure may be allowable against taxable profit within your Annual Investment Allowance in the year of purchase to the sum of £1,000,000
    • Easier cash flow budgeting as repayments are fixed
    • Capital preservation - existing funds can be used elsewhere
    • Interest charges can be offset against profits for taxation
    • Outright ownership on completion of the agreement
    Leasing

    If you want to maximise the use of your equipment without the responsibility of owning it, leasing will give you the freedom and flexibility you need.

    • Easier cash flow budgeting as repayments are fixed
    • Capital preservation - existing funds can be used elsewhere
    • No upfront deposits required
    • Protection of existing credit lines, making any further borrowing easier
    • Fixed payments - tailored to suit your individual circumstances
    • Tax efficient - repayments may be offset against taxable profit
    • Up to date equipment - be ahead of your competitors

    Typical uses for finance within the accountancy profession

      Business investment

      Professional practice loans can be used when you want to inject cash into your practice to support business investment, including buy ins / buy outs, acquisition and refurbishment.

        Professional practice loans can be used for:

        • Case acquisition finance
        • Refurbishment projects
        • Capital injection / release
        • Buy in / buy outs
        • Aged-debt and PII Premiums
        • Block fees
        • Disbursements
        • Equity
        IT finance

        Our IT finance solutions ensure that the applicable tax advantages are taken into consideration when looking at the funding you require. All related costs can be combined under one agreement, offering easier management of your cash flow.

          IT finance can be used for:

          • Updating hardware / software
          • New monitors, keyboards and mice
          • Scanners / photocopying machines
          • Tablets and iPads
          • Operating licences and renewals
          • IT system installation
          • Training
          • Maintenance
          Vehicle finance

          We are experienced in all aspects of new and used vehicle finance. We can help you upgrade your existing vehicle, buy an additional car or a fleet for your business and we can provide a finance package, incorporating balloon payments or refinancing, whatever your circumstances require.

            Vehicle finance can be used for:

            • Change of existing vehicle
            • Buying a second car
            • Purchase of a classic car
            • Purchase of a fleet of vehicles
            • Releasing equity from your existing fleet

            Contact us today

            We can also offer our services to your professional clients. Get in touch today to find out how we can help you.

            Get in touch

            Accountancy finance client testimonials

            My clients are keen to keep their practices up to date with new equipment, computers, practice design etc.
            They need finance for personal reasons too, new cars, consolidating personal borrowings, the list is endless. I refer my clients to Braemar because I know they'll get a good deal every time.

            Linda Giles

            Specialist accountant and business advisor to dentists

            As a Chartered Accountant in practice, specialising in advising dentists, whenever the subject of lease finance arises then I recommend Braemar Finance without hesitation.
            They have a thorough and in-depth understanding of the profession going back many years and are able to process and agree applications with the minimum of fuss.

            Nick Ledingham

            Chartered Accountant, Morris & Co

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