Business Start Up
We are offering you a month of free bookkeeping. It can be overwhelming when starting a new business, with more questions than answers. We will answer any questions you have and advise you on planning ahead to minimise your tax bill.
There is no obligation after the month is up, the information is free for you to keep. Contact us for a free meeting and see how we can help.
* You have made the decision to start your own business
You know the type of business you will be offering to the public. The only issue remaining is the financial side of running your business. Some questions you may be asking yourself:
- Should my business be set up as a Sole Trader, Partnership or Limited Company?
- How do I tell HMRC about my new business and what information do I need to provide them with?
- Do I have to register for VAT and if it is not compulsory would registering benefit my business?
- Do I need to be set up with a PAYE scheme?
- I use a computer for business use but I purchased it a year before I started my business. Can I claim any expense or allowance for this?
- I use a motor vehicle for business use, should I claim mileage allowance or capital allowances and actual expenses?
- My husband/wife/partner helps out in my business, can I pay them a wage and if so how much do I pay them?
- I am employed and I will run my new business in my spare time, will I be paying tax at 40% on the profits or is there a way of paying less tax?
These are just some of the questions that may pop into your mind and can seem a little overwhelming at first. Different businesses and peoples personal circumstances means
We can talk you through all the options in plain English and advise on what will suit you and your business best in order to pay the least amount of tax and comply with all legal requirements. We take out the guesswork so you can be stress free running your business.
"there is no ‘one size fits all’ when it comes to setting up a business."
We can talk you through all the options in plain English and advise on what will suit you and your business best in order to pay the least amount of tax and comply with all legal requirements. We take out the guesswork so you can be stress free running your business.