Support for business start ups
Starting a business can be a daunting prospect and although you are most likely to understand your industry and where your business fits into this, we are here to help steer you in the right direction in setting up a business.
Whether you are setting up as a sole trader or setting up a limited company, you need to understand the legal and tax implications. When setting up a business it is so important to get the right advice from the beginning!
Setting up as sole trader or partnership
Did you realise that when your profits hit a certain level it is not always tax efficient to be a sole trader? There is also the added risk of not having limited liability as you and your sole trader business are the same person, and therefore the business debts are your debts. If you are considering setting up as a sole trader ring us to understand if this is the best option for you and your business.
Setting a limited company up
There are a lot more “deadlines” involved with HMRC and Companies House and so it is important when setting up a limited company that you understand the tax, legal and other benefits and implications involved to work out if this is right for you and your business. Company formation can be a complex area and we are here to help you every step of the way!
We can help you with all the practicalities of starting a business. Ring us from the beginning and we can work with you to make sure everything is set up correctly and your business is set up in the most tax efficient way. We do everything from company formation with Companies House to registering for PAYE, VAT and corporation tax.