You’ve had the great idea and are now ready to run your own business.
In our experience, it is vital that a new business takes professional advice and speaks to an accountant right from the outset.
There are a number of reasons for this:
Choosing the right trading style for your business
You may be uncertain as to whether you should run your business as a Sole Trader, Partnership or Limited Company. There are many tax and commercial advantages factors to consider when making your choice. We can talk through the options with you and help you to make an informed choice.
Registration with HMRC
You will need to register the business with HMRC for various reasons – VAT / PAYE / Corporation Tax / National Insurance. We can help you with this process and ensure that you are complying with the law from day one.
Failure to keep proper business records from day one can cause many problems. Without proper records you may struggle to understand if your business is profitable, chase debts or pay bills on time. Also HMRC can impose severe penalties for failing to keep proper business records.
We are experienced in helping start-up businesses to set up and maintain their internal accounting system.
Contact us now for a free meeting to discuss your new business venture and how we may be able to help you.