Most consultants I meet are on the standard scheme because nobody ever asked what they actually spend money on.
Nasir Rasheed, Director
VAT accountant in Milton Keynes: has anyone checked your VAT scheme is right?
VAT accountant in Milton Keynes for established limited companies that file on time and have never had the scheme itself reviewed. Run by Nasir Rasheed MAAT AATQB.
Standard, flat rate or cash accounting changes what you pay every quarter on the same turnover. Most directors were put on a scheme at registration and nobody has looked since. The choice is worth more than the filing.
Nexus Tax and Accounting Solutions is a Milton Keynes accountancy practice run by Nasir Rasheed MAAT AATQB. It handles VAT returns and VAT scheme reviews for established limited companies, alongside accounts, corporation tax, bookkeeping and payroll, in one monthly fee. Advice is included and Nexus takes three new clients a month.
Accredited and certified
- Nasir Rasheed MAAT AATQB
- Established 2024
- Three new clients a month
- Milton Keynes · UK-wide remote
What changes when Nexus runs your VAT
Pay the VAT the right scheme charges
Standard, flat rate or cash accounting, picked on what your business actually spends, then reviewed as the business changes.
Know your corporation tax a month ahead
The forecast and your dividend headroom land before the year end, so the money is there and the decision is yours.
Get an answer from Nasir the same week
You deal with the accountant who did the work, not a fresh account manager every year.
Three VAT decisions directors make without advice
Each of these came from a scheme or a bill that nobody had looked at since registration.
- VAT
“We reclaim VAT on almost nothing. Most of our costs are overseas software and subcontracted services, so box 4 is empty every quarter.”
On the standard scheme that is money handed over for no reclaim. The flat rate scheme exists for exactly this cost profile.
- Tax bill
“I found out the corporation tax figure the week it was due, and the VAT quarter landed in the same month.”
Two bills in one month is a cash problem caused by late information. Both figures were knowable well in advance.
- Switch
“I am on my fourth account manager in two years. Each one asks the same questions and nothing ever gets reviewed.”
Nobody owns the file, so the VAT scheme, the salary and the dividends stay exactly as they were set at incorporation.
- Day 90
What changes once the advice is in the room
Nasir reviews the VAT scheme against your real cost base before he files anything. You get told why the current scheme is right, or what to move to and when. After that the returns run to a routine and the corporation tax forecast arrives a month before the bill.
Quick check · no email
If your accountant can’t tell you whether your VAT scheme is the right one, what your next bill will be before it lands, and get back to you this week, you have the wrong accountant
Three questions about your current accountant, answered yes or no.
Question 1 of 3
Could they tell you this week whether your VAT scheme is the right one for your costs?
Could they give you your corporation tax and dividend position a month before the year end?
Could they reply this week with an answer rather than a holding message?
That gap is real and it shows up in every VAT quarter and every year end. The set-up review is where it gets closed.
Your compliance is in reasonable shape and one area has never been tested. The VAT scheme is usually that area, as the entry below shows.
You are well served and there is no reason to move. The guides are there if you want a second view on structure or pay.
How a filing-only VAT service differs from advice you can act on
Both file the return on time. Only one of them tells you whether the scheme is costing you money.
The accountant who files the return
Files the quarter from whatever is in the software.
Keeps the scheme you registered on years ago.
Speaks to you at year end, then invoices for questions.
Corporation tax figure arrives with the bill.
Nexus
Reviews the scheme against your actual cost base first.
Flags when flat rate, standard or cash accounting stops fitting.
Advice is in the monthly fee on a fair-use basis.
Corporation tax and dividend headroom forecast a month ahead.
Eight things worth checking about your own VAT set-up
Answer these about your company as it stands today.
- 01
Do you know which VAT scheme you are actually on?
Many directors only know they are registered.
- 02
Has the scheme been reviewed since you registered?
Cost profiles change as a business grows.
- 03
Is box 4 close to empty most quarters?
Low input VAT usually points at the flat rate scheme.
- 04
Do you buy software or services from overseas suppliers?
Reverse charge treatment changes what you can reclaim.
- 05
Are you paid long after you invoice?
Cash accounting decides whether you fund VAT before the client pays.
- 06
Does your VAT quarter ever land in the same month as another bill?
That is a forecasting failure, not bad luck.
- 07
Do your books reconcile before the return is filed?
Returns built from loose records get corrected later.
- 08
Can you get a VAT question answered the same week?
Decisions on pricing and hiring wait on that answer.
What Nexus handles for a Milton Keynes limited company
One monthly fee covers the filing and the advice that sits behind it.
Returns and scheme review
Quarterly returns filed from books that reconcile, with the scheme chosen for your costs rather than by default.
Accounts, corporation tax and payroll
Year-end accounts, CT600, confirmation statement, bookkeeping, payroll and the director’s self assessment.
Tax forecast and pay structure
Salary and dividend planning and a corporation tax forecast a month before the bill lands, included on a fair-use basis.
Entry 01
What one VAT scheme change did for a consultant
One entry from the proof library, described by business type.
Clients described by type. Names withheld.
What clients say
What the first ninety days with Nexus look like
Four steps, starting with the review that decides your VAT scheme.
You find out what your set-up is costing
Nasir reviews structure, VAT scheme, salary and dividends and software, and tells you why each is right or what should change.
The books are current and the handover is done
Bookkeeping gets a routine, the records come across from your previous accountant, and the VAT quarter runs on time.
You know your tax bill before it lands
Corporation tax and dividend headroom are forecast ahead of the year end, so the money is set aside.
Things get raised before they become problems
A check-in every few months confirms the plan, with prompt replies from Nasir in between.
Who Nexus is not the right VAT accountant for
Start-ups in year one or two, where there is not enough trading history to review.
Sole traders below the point where incorporation is the obvious move.
Property-only landlords and cash businesses.
Owners buying on price alone who do not want the advice that comes with the fee.
If you are an established limited company, the set-up review will tell you quickly whether the scheme you are on is the right one.
Questions directors ask before switching
What does a VAT accountant in Milton Keynes include in the monthly fee?
At Nexus the monthly fee covers year-end accounts, corporation tax, the confirmation statement, VAT returns, bookkeeping, payroll and pensions and the director’s self assessment. Proactive planning is included on a fair-use basis: VAT scheme selection, salary and dividend planning and a corporation tax forecast a month before the bill. The fee is scoped after Nasir has reviewed your set-up.
We already have an accountant, so is it worth changing?
Only if something is missing. The usual gaps are a VAT scheme that has never been tested against your real costs, a corporation tax figure that arrives with the bill, and a new account manager every year. If your current accountant covers all three, stay where you are.
Do we have to move to different accounting software?
No. Nasir reviews the software you already use as part of the set-up review and tells you whether it fits the way your business records income and costs. If it works, it stays. A change is only suggested where the current set-up is making the VAT numbers unreliable.
What happens with our current accountant if we move to Nexus?
Nexus handles the handover. That means professional clearance, collecting your records and getting the history in order, so you are not chasing your old firm yourself. There is no separate charge for it. Once records are across, the set-up review runs and your first-year timetable is set.
Can a VAT accountant in Milton Keynes work with a company based elsewhere?
Yes. Nexus is based in Milton Keynes and works with clients across the UK remotely, including Bletchley, Newport Pagnell, Stony Stratford, Bedford, Northampton, Aylesbury and Luton. Nasir rarely needs to meet in person. Calls, email and the quarterly routine work the same wherever the company trades from.
How do I know whether the flat rate scheme is better than standard VAT?
It depends on how much input VAT you actually reclaim. A consultant whose costs are overseas software and reverse-charge services has an almost empty box 4, so the standard scheme gives back very little. That is the position where flat rate usually wins. Nasir works it out on your figures before recommending a move.
Three ways to take the next step
Book the set-up review
Nasir checks your VAT scheme, structure, pay and software, then gives you a written list of what to change and why.
See if Nexus fits 02 · A question firstGot one VAT question first?
Send it to Nasir and you get an answer from the person who would do the work.
Ask Nasir a question 03 · Still decidingStill deciding
The guides set out the structure and tax comparisons in plain numbers before you speak to anyone.
Read the tax comparison guide →