Start-ups
Start your business on the right footing
Starting a business comes with plenty of decisions before you've even made your first sale.
We can help you get the accounting and tax side set up properly from the beginning, without making things more complicated than they need to be.
First, the structure
Sole trader or limited company?
The right structure depends on expected profits, how you plan to take money from the business, administration, commercial needs and your future plans. Neither option is universally more tax-efficient.
We can talk through the accounting implications before you decide.
Trading in your own name
Understand the records and personal tax reporting involved in being self-employed, or the separate responsibilities of working in partnership.
Sole Traders & PartnershipsSetting up a company
Consider the ongoing company obligations as well as incorporation. We can discuss the proposed directors, shareholders and share structure.
Get set up
Getting registered and ready
The registrations you need depend on how the business is structured and what it will do. You will not necessarily need every service from the start.
Support can include Self Assessment registration, company formation, setting up accounting records, considering VAT registration and payroll where employees or directors are paid through it.
Build a routine
Bookkeeping from day one
A consistent record of income and spending makes the later accounts and tax work easier. It also avoids trying to reconstruct months of transactions when a return is due.
We can handle the bookkeeping, share responsibilities with you or work with the cloud accounting software you already use. We'll agree how to keep the records maintained.
Explore bookkeeping supportAs the business grows
More sales or more people
Approaching the VAT registration threshold or taking on employees may change the support you need. We can discuss VAT and payroll at the relevant stage.
A company with a year-end ahead
Plan for annual accounts and Corporation Tax, alongside Companies House responsibilities.
A change of direction
If your plans or business structure change, speak to us about what that means for the accounting and tax work before making the move.
You don't need to know everything before you speak to us
Tell us what you are planning, how you expect the business to work and where you have got to so far. We'll help identify the relevant accounting requirements and the next steps.
Make an EnquiryLooking for an accountant? Let’s talk.
Tell us a little about yourself and what you need help with.