Business Start Ups

When starting up a business most entrepreneurs or business people know what products or services they are going to sell to their customers. They may even know what materials and labour is required but when it comes to the following questions they will need help from a friendly and knowledgeable accountant.

Should I set up my business as a sole trader, limited company, or partnership?

How will I be able to supply meaningful financial reports of how the business is doing to my investors, the bank, the tax man, as a statutory requirement, and for anyone else that will need to know this information?

What do accruals, prepayments, depreciation and provisions mean to my business and how do they affect the amount of tax I will have to pay when it becomes due?

If my Company is successful how should I receive a return on the investment I have made into the Company?

Should I be paid a wage or should I receive dividends and what effect does this have on my tax payable?

When someone is working for me as a sub contractor or as an employee how do I deal with their tax and National Insurance?

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• Business is getting more and more complex because of increased bureaucracy, red tape, legalities and never ending taxes so we aim to assist businesses that are either starting up, or have been established with reviewing financial strategies to ensure that as much as possible is covered for the businesses financial position. We would welcome the opportunity to sit with the decision makers of the business to see how we can assist them with their business plans, accounting functions and tax matters which may not be the core part of your business but are a necessary burden, which we can assist with.
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• By reviewing business plans for the future we can work with you to ensure that you get the best possible start so that moving forward you can ensure that the business is on a sound footing financial and complies with the legislation and tax requirements of the business. As established accountants in Surrey, we will assist you with all of the necessary setups that are required for your new business adventure.

Call us for a FREE initial consultation to find out how we can help your ideas become a reality.