How can we help?
We can start by discussing a reality checklist,
- Is your business right for you?
- How much time and effort do you need to put in?
- What should your legal status be?
- Is your Business Plan realistic?
- How do you prepare a Cashflow forecast
- Do you know what books and records to keep?
- Do you know about VAT registration?
- Do you have the right Skills?
These and numerous other questions can be a minefield for someone starting out.
The Questions that you may need answers to:
- Should I start as a Limited Company, Sole trader or partnership?
- How do I register with HMRC?
- Should I register for VAT?
- How do I keep records?
- Should I keep computerised or manual records?
- What does a profit and Loss Account mean for me?
- What does a Balance Sheet Contain?
- How do I manage my cashflow?
- How do I take a Salary?
- How do I know how much tax to pay?
- What type of bank Account do I need?
- How do I pay my staff?
- How do I know if I'm making a profit ?
One major thing to remember is that the Inland Revenue treat all businesses the same, whether large or small, if they think that there is something wrong with the records, they will pursue you relentlessly.
We also offer a full scale Accountancy Service, which will guide you on the right pathway, and ensure business success.
So remember, ''Dont Start Without Me, and you will be on the right footing from day one!!