Accountancy services to help you start a business
Starting a new business is an exciting step, but it can also be somewhat daunting. Not only do you have to work out if your idea is financially viable, but also decide on your business structure, work out how much salary you can pay yourself and make sure your business is legally compliant.
That’s where we come in. Over the years, we’ve been the trusted accountant of a number of business start-ups, providing them with valuable business advice, as well as guidance on how to maximise their profit and minimise their tax.
Helping you make the right choices to start a business
You might be eager to get going, but one of your early decisions should be on selecting the right business structure for your business. The last thing you want is to decide to trade through a limited company, only to realise 6 months down the line, being a sole trader would have been more financially savvy.
Each of the business structures comes with its own advantages and disadvantages and we will look at what you are doing and work out which structure would be the most commercial effective and tax efficient for you.
We will then complete all the necessary paperwork and give you a step to step guide of what you need to do to stay fully compliant.
And if you do decide to set up your business start-up as a limited company, we can manage the whole incorporation process on your behalf and even take on the ongoing financial tasks for you.
Financial advice from the trusted accountant of business start-ups
Starting a new business is great, but you need to ensure early on that you have true growth potential.
As a trusted accountant, we don’t just do tax returns and bookkeeping, we can also provide you with invaluable and practical business advice. We will go over your plans, review your growth projections and establish if your business is on the right path or not. We will also provide advice on your proposal for growth giving you a fresh financial perspective about whether it’s advisable to hit the VAT threshold or not.
As well as providing business growth advice, we will also help your business run smoothly by providing advice on accountancy software. Xero, Quickbooks, FreeAgent – just some of the great accountancy programme software which will help you efficiently manage your accounts, so you can focus on growing your business.
And of course, once you are up and running, we are happy to help with a number of ongoing tasks such as self-assessment returns, VAT returns, and managing your corporation tax.
To learn more about our accountancy services to help you start a business, get in touch today.