New Businesses
We offer all new businesses a free consultation to discuss your affairs and see where we can help.
We have a long history of helping new businesses and our experience is that the sooner you speak to an accountant, the better.
In the excitement of starting a new business it is easy to overlook the more mundane aspects of business structure and administration.
There obligations to meet as soon as the business starts. We can also make recommendations that can help you run the business effectively .
Here To Help
Year one is the ideal time to put your business accounts and structure in place. We offer all new businesses a free consultation to discuss your affairs and see where we can help as well as answer any questions you might have.
Business Plans
If your new business is still at the planning stage, and you are looking to borrow money from a bank to start it up, we can help you put together a business plan that presents your proposal in the best possible light. If it proves difficult to raise the money through a high street bank, we have access to other funding options through our link with a local firm of financial advisors.
We can advise you on:
• How to notify HM Revenue & Customs that you are now self-employed. If this is not done within 3 months, you may be liable to a penalty.
• What business expenses you can and cannot claim for tax.
• Whether you need to register for VAT, or whether it may even be in your interest to voluntarily register. How to legally pay as little VAT as possible.
• Setting up a payroll and paying subcontractors, if you pay anyone to do work for you.
• Keeping good business records. The better the records, the lower your eventual accountancy fees will be, and there will be less chance of losing tax relief on any of your expenses.
• Your business structure – whether it would be better to trade as a sole trader, a partnership, or a limited company.
• When your first tax is due, and how much it is likely to be.
• Marketing strategies.
• Any other start-up business advice that might be useful.
Let’s work together on your business finances
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