What We Do:
- Discuss with you the best legal structure (sole trader, limited company, partnership) considering liability, tax, growth.
- Register the business with the appropriate authorities: Companies House (for limited companies), HMRC (Corporation Tax, VAT, PAYE if needed).
- Help set up internal financial systems: bank accounts, accounting software, record‑keeping practices.
- Prepare forecasts or cash flows for the first year(s).
- Offer startup advice on tax planning, allowable expenses, grants or reliefs that might apply.
Deliverables You Receive:
- Registered company (if applicable) and all legal paperwork.
- Setup of accounting system/systems, chart of accounts.
- Forecasts and financial models.
- Advice document summarising tax obligations, payment dates, reliefs.
- Orientation for ongoing accounting, bookkeeping, tax submissions.
Why It Matters:
- Lays strong foundations to avoid issues later (incorrect structure, tax inefficiencies, compliance problems).
- Helps you plan cash flow, anticipate costs, avoid surprises.
- Makes it easier to scale, bring in investment, or apply for grants/funding later on.
- Saves time and money by getting things set up correctly from the start.