Start up Services
One of
the first decisions you have to take is deciding on the most appropriate structure
for your business. It will be whether to operate as a sole trader, as a partnership
or as a limited company.
The choice you will make will have different financial implications for many
areas of your business and personal life, including your own personal finance,
level of risk, tax, national insurance, pensions, privacy, status and running
costs.
Once we know your business objectives we can advise on how you should operate and explain how this will influence those factors listed above.
We can then provide assistance with the business plan and cash flow forecasts that will be needed if seeking finance.
In any case if significant initial costs are to be incurred these should always be prepared so you can see where the business is going and monitor actual performance comparing this to budgeted figures.
Bookkeeping and Accountancy
This will usually include registering your business for Value Added Tax and setting up a PAYE scheme. We can also advise on the operation and maintenance of manual or compurised record keeping.
In view of the starting rate for Corporation tax of 10% which applies to a limited company, this may be the most appropriate structure and we will explain how you should adhere to the statutory regulations as prescribed by the Companies Acts.
The selection of the appropriate year-end can have significant effects on the payment and timing of taxation liabilities, especially for sole traders and parterships. Again we are happy to advise.
Then once your business is established, our continuing expertise is available to assist in all other areas to enable you to concentrate your energies on running and expanding your business.
If you are interested in the above service, click here to contact us.
