The one word which best describes advice to those starting a business is "First". Everything we do for the business or the owners is usually a first for them and undoubtedly new.
There are so many steps to take in that first period. The first is a decision on structure - limited company, sole trader, partnership or LLP. There are formations where relevant. VAT has to be considered - it may not be obligatory straight away but it may be beneficial.
The necessary steps are followed by the inevitable barrage of questions regarding record keeping, allowability of expenses, when is tax payable etc..
Of course a number of startups look for loans as capital for the business in which case profit and cash flow forecasts are required.
We give you the informed opinion and advice. We take care of many of these details for you so you do not need to worry or wonder how to do something. |
