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START UP - STARTING A NEW BUSINESS?
Correct initial advice is of paramount importance to enable your business to go forward, whether you are a one person
firm, or an entrepreneur starting up with big ideas. Nevertheless, the right advice is essential since acorns can
eventually grow into oak trees.
Such help and advice would cover book-keeping methods for the appropriate entity, i.e. whether starting as a sole
trader or a limited company, and the tax aspects of each.
Also, pro-active business advice. Starting in business in the right way and receiving the right advice is similar to
planting a sapling, but failing to water it, the sapling will wither and die. By using ourselves you will find that you will
become one of the success stories rather than the failure of the business start up, and you will also find that our fees
will be attractive and will encompass all the advice and help that you will need.
Key start up services will include...
$
Business Planning
With a viable business plan encompassing a simple and easy to understand cash flow forecast, you will be able
to demonstrate to any potential bank or backer, that you have a viable business strategy, so that it is clear to
them that you know where your business is going.
$
Business Structure
The right business structure is essential from the start, whether it be a sole trader or a limited company.
$
Company Formation
We will register your company with Companies House in the event that you start your new business as a
company. However, you may decide to start as a sole trader, therefore company formation would be
inappropriate. Or you may decide to form a partnership with your wife or a colleague, and you need to
consider having a Partnership Agreement drawn up.
$
Raising Finance
As mentioned above in business planning, raising of finance becomes much easier with a good business plan,
and we have available sources of lenders and advice on different sources of finance appropriate to your needs.
$
Strategic Planning
This is essential so that you know where your business is going and how you are going to achieve your goals.
$
Management Information
Management Accounts are useful to monitor the performance of your business throughout the year using key
performance indicators, such as; gross margin on turnover, net profit on turnover against budget, thus enabling
you to make changes as you go forward.
$
Introductions
We can help introduce you to not only banks and other lenders, but also to other professional advisors such as
Solicitors and Surveyors where appropriate.
$
Registration
We will complete all the necessary forms for you to register with the tax authorities covering self- assessment,
VAT registration and PAYE Schemes if needed in order to ensure that you avoid late filing penalties should the
filing of Returns be made after date.
$
Book-keeping Set-up
We would assist you with your book-keeping system, whether this be manual or computerised, and in terms of
the latter the use of a simple excel spreadsheet with automated monthly totals and a year end summary could
be of great assistance to you.
$
Start Up Tax Planning Advice
It is essential that you receive the right advice before you start up to ensure that you pay the bare minimum of
tax, specially at a time when you can ill afford to.
$
Annual Accounts
$
Tax Returns
Within our service we can provide the following, namely:-
$
Fixed fees
$
Unlimited telephone support
$
Free tax review
$
Suggestions on how to make more profit
$
Advice on paying less tax
$
All your paperwork sorted for you
$
An accountant who does not use jargon, but speaks plain English.