Business Start-up
Starting a new business is exciting but can also be daunting at the same time. Many new business owners find in particular that having to deal with the accounting side of running a business takes them out of their comfort zone. That’s where we can help.
Whether you have just started your business or are in the early stages we can guide you through the accounting minefield. We can provide you with straightforward, practical advice as well as taking on some of the accounting tasks to relieve you of the burden.
If you’re a new business start-up we can:
- Advise you on the best structure for your business
- Assist with company formation paperwork and Companies House registration
- Assist with HM Revenue and Customs paperwork completion and submission
- Provide you with access to Sage One Accounts as well as other software solutions and cloud based systems
- Manage your bookkeeping and payroll
- Prepare your year-end accounts
- Complete and submit your tax returns (corporation tax, self assessment and VAT)
- Help you with any accounting queries you have along the way
We will tailor a business start-up package to suit your specific needs. You might want to start off with a lower level of support and add services as your business grows. We won’t try to push you into services that we don’t think you’ll need.
All of our accounting services are charged on a fixed fee basis so you know exactly what it’s going to cost and can budget accordingly.
We’re always at the end of the telephone or email to help you out whenever you have a query or concern.
Which business structure to choose?
Sole trader:
- Send a Self Assessment tax return every year
- Pay Income Tax on the profits your business makes
- Pay National Insurance
Limited company:
- Prepare statutory accounts
- Send Companies House an annual return
- Send HMRC a Company Tax Return
- Directors must send a personal Self Assessment tax return and pay Income Tax and National Insurance
Partnership:
- Send a personal Self Assessment tax return every year
- Pay Income Tax on their share of the partnership’s profits
- Pay National Insurance