Many people making the bold decision to start their own business make the mistake of believing they don’t need an accountant until after they have been trading for a full 12 months.
Getting advice early on can save time, worry, tax and potential fines! Ignorance of the rules is not a viable defence if you fall foul of HM Revenue and Custom’s regulations so careful planning and good advice is very important indeed.
You will also need to consider the right ‘vehicle’ to use when starting your business, which is best for you? Limited Company? Sole Trader? Partnership? Every business is different so some consideration is needed at the start.
We can also give advice on the basics of bookkeeping, bank accounts, business planning and many other areas that need to be considered before you commence trading to help you get off to the best possible start in your new venture.