Business start ups
Whether you are setting up a business for the first time, or already have business experience or existing companies, we can help you decide how to set up.
We want to make sure your business lasts so we will do everything possible to support you for the longer term future. This may involve financial planning, setting up accounting systems, helping to secure finance or regular reviews of the figures.
Here are some start-up specific areas we can help with:
Which trading structure should I use?
Partnership, limited company or limited liability partnership (LLP) - the different options and reporting requirements can be confusing, not to mention the tax implications. The pros and cons of each should be weighed up carefully before setting up and we can advise in this area.
Do a business plan
Any good accountant would recommend starting a new business with a business plan. It does not have to be long, just enough to map out your goals and provide a checklist of things to do. The secret of running a successful business is to never stop planning and to keep following and updating your business plan.
Get an accounting software system in place
You will need to decide how you are going to invoice your customers, how often you will bookkeep your records and who will take of this side of the business.
Details of the accountancy and bookkeeping packages available can be found here.