Business Start Ups

It goes without saying that starting a business is a major step and can be daunting. We can guide you through the legal and financial regulations required to run a successful business.

We can assist with:

  • Structuring your business eg. Sole trader, Limited company
  • Preparation of a business plan
  • Cashflow projections
  • Acquiring finance
  • Completing the registration process with HMRC and Companies House
  • Introductions to other professional organisations eg: IT consultancy, Insurance, Debt collection services, Finance – banks and building societies.

Most accountants will not fully charge for initial interviews. These meetings usually involve completing the engagement procedures as well as some general advice on meeting HMRC regulations, and if required, on obtaining finance.

Fair enough – but all too often the client is then left to fend for themselves. There may be no further contact until well after the first financial year end has passed.

Problems can arise and not be identified, let alone addressed, for months.

A new trader not keeping track of turnover and reaching the VAT registration threshold is a common example. The result is late notification of liability to register. Not a great start, but often forgotten with everything else which is going on.

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