If you are looking into starting your own business, we can help with all of the accounting and tax matters that you will need to deal with.
What form should it take - you will need to consider whether becoming self-employed or forming a company is the best route for you. There are pros and cons to either approach and the right form will depend on the type of business and your own personal situation.
Business Plans - we may want, or need, to draft some formal plans to present the details about your idea and provide financial forecasts of the businesses performance. Whether the plans are drafted in a formal business plan format or not it is always a good idea to do some thorough market research and financial evaluation before you commit significant amounts of time and money.
Company Formation - if you decide a company is the right form for your business you will need to create one at Companies House and inform HMRC that you have started trading.
Online Software - always available online software can help you manage your business. From the creation of invoices to uploading bank statements, budgeting and the automatic production of detailed financial and VAT reports can save you a lot of time so that you can focus on your business.
Tax Returns & Tax Planning - if you decide to form a company then you will need to prepare and file corporation tax returns with HMRC. You will also need to account, through the income tax self assessment system, for any income your receive from your business. You may need to deal with VAT and PAYE/RTI submissions. We can manage all of these returns for you and deal directly with HMRC on your behalf. We will also review your tax affairs to ensure they are arranged in the most tax efficient way.
Financial/Income Statements - for a company you will need to prepare a set of formal financial statements and file these with Companies House. The self-employed are simply required to prepare an income statement to support their income tax submissions.
Support - throughout the year you may have questions or issues may arise with your business. We are always on hand to provide any support that you will need. You will have a dedicated Chartered Accountant to manage your accounting and tax, who will be available to help you with any issues that arise throughout the year.
Bookkeeping - if you find that you are too busy to deal with your bookkeeping we can manage that for you as well. Simply send us your records and we will enter the transactions into our online accounting software and send you regular management reports.
If you would like more information on the accounting and tax issues that small businesses need to deal with please see our Small Business Accounting & Tax Guide
If you would like to talk to a Chartered Accountant about your business why not use our free consultation to talk to us about how we can help. Either Request a Callback or call us on 0333 210 2023. Alternatively, why not Try our software for Free first.
|Online Accounting Software||Our software to manage your business|
|Financial Statements||Prepared and filed, as necessary|
|Business Tax||Prepared and filed with HMRC|
|Accountancy Support||Support from your dedicated Chartered Accountant throughout the year|
|Income Tax||Preparation and filing with HMRC|
|VAT||Returns for any scheme prepared & filed|
|Directors Payroll||Payslips, Annual Returns & RTI Submissions|
|Bookkeeping||Quarterly Bookkeeping from your records|
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