Business Start-up
If you have a business idea, we'll help you carefully nurture your vision into reality with practical advice and support. If you are still at the planning stage, we can assist you in creating a business plan and advise you on bank loans, grants and other sources of finance. We can also provide advice on the following:
- The structure of your business; whether it would be best to trade as a sole trader, a partnership, or a limited company.
- How to notify HM Revenue & Customs of your change of status
- Which business expenses you can and cannot claim against tax.
- Whether you need to register for VAT
- Setting up a payroll and paying employees
- Keeping good business records. The better the records, the lower your eventual accountancy fees will be, and there will be less chance of losing tax relief on any of your expenses.
- When your first tax will need to be paid, and how much it is likely to be.
- Marketing and promotion.
- Any other start-up business advice that might be useful.