Deciding to start up your own business can be both exciting and daunting. Having a good business idea is only the start of the process. If this is your first venture you would be well advised to seek professional help from small business accountants. You will receive comprehensive advice through the initial start-up procedures ensuring a sound basis for future success.
There are different business structures available and small business accountants can advise on the most suitable medium for your needs. Limited liability partnerships and limited companies can be explored and the pros and cons of each discussed. Comprehensive advice on the most tax efficient model for your business needs will be given including information on the formalities at Companies House should you decide to form a limited company. Taxation requirements, including VAT and corporation tax, will be explored and explained.
Once you have decided on the business structure best suited for you will be given advice on setting up accounting payroll and bookkeeping systems. A viable well thought out business plan together with a structured financial start up plan and business strategy are essential ingredients and small business accountants can offer guidance. Additionally budgets and cash flows will need establishing together with internal control systems.
The simplicity of the online accounting system which you will be offered will be tailor made to your precise requirements. Gone are the days when you had to spend precious time visiting your office based accountant.
Nowadays small business accountants are on the move too with access to state of the art software designed to smooth and simplify all accountancy requirements. Wherever you are in the world, providing you have internet access you will have access to your business records and data. Any information or clarification is only an email or phone call away.