If you are thinking of starting a business, come and talk to us. Most people who are starting up a business do so because they have a good business proposition and not because they are experts in financial management. This can sometimes be daunting for you. This is where we can assist by carefully evaluating your ideas and developing them into a feasible business. We can help you to decide on the most suitable business structure; prepare a business plan including detailed financial projections; assess your financial requirements and the most appropriate source; establish internal accounting systems that comply with statutory requirements; and carry out registration procedures with Companies House and Her Majesty’s Revenue and Customs.
As soon as you have set a start date, ensure that Her Majesty’s Revenue and Customs are notified within three months of start up. Failure to do so will result in financial penalties. If you are not VAT registered, do not represent yourself as a registered trader for VAT or you are committing fraud which is a criminal offence. Always keep invoices or your VAT repayment claims may be denied. If you are serious about starting a business, contact us and we will help you to carry out all formalities in an efficient and orderly manner.