Business Startups & Training
Often, when a new business venture is being considered, the potential owner has no prior knowledge of bookkeeping – let alone the tax, payroll and companies house requirements. We will talk you through the various consequences of running your own business, what your obligations will be and how we can help you to meet those obligations.
We are happy to talk you through the various options available to the business, from trading as a sole trader through to how to set up and run your own limited company.
Setting up a limited company is now very straight forward and can offer tax advantages to most businesses (though not all!). We are happy to advise you on how to set up your company, or alternatively we can arrange this for you at a very reasonable cost.
If you decide to undertake your own bookkeeping then we will assist in setting up your systems. We recommend various different packages depending on your individual needs, from the well known systems such as Sage and Kashflow through to easy to use excel templates. We are increasingly encouraging the use of ‘cloud’ systems that will enable us to review your bookkeeping on a regular basis.
Of course, we will provide you with all the training and ongoing support necessary for you to use these systems, it is in our interest that you prepare the best records possible!