BESPOKE ACCOUNTANCY SERVICES FOR BUSINESS START-UPS
At SRG, we welcome clients that are about to start up a business, as well as those who have recently started and are looking for professional accounting support.
Setting up a new business can be daunting for any prospective entrepreneur, regardless of whether they have a sound business concept and their determination to succeed. That’s why our team is passionate about working with business start-ups, guiding them through the legal, financial and taxation implications of running a business.
Your nominated SRG accountant can sit down with you from day one to ascertain your start-up’s cash flow position and decide on the most efficient bookkeeping system for your business. For those unsure what their new business’ structure should look like, we can also advise on the most suitable business entity based on your expected profitability and the commercial risks involved.
Even if you aren’t planning to borrow money, a sound business plan can also help to cement your business position. Your SRG accountant can work with you to plan for the short and long-term and can even liaise with your new business bank to help you prepare for upcoming meetings with the bank manager.
We also advise business start-ups on the most common tax pitfalls to avoid, ranging from self-assessment tax and VAT return penalties through to the importance of invoices and tax reliefs.
Typically, our start-up business accounting services will incorporate the following tasks:
- Evaluate the business proposition
Your SRG accountant can work with you to evaluate your business concept and develop it into a viable business.
- Advice on the most suitable structure for your new business
Let your experienced SRG accountant recommend the most suitable business entity for your start-up e.g. sole-trader, limited company or partnership.
- Assistance in the preparation of business plans, budgets and cash flow and trading forecasts
It is vital that you consolidate your business objectives, its finance and expectations for sales and profitability into a formal business plan.
- Advice and assistance with dealing with your new business bank
Your experienced SRG accountant will be well-versed in developing valuable working relationships with business banks across the country.
- Advice on the most suitable method of financing your business start-up
We’ll take the time to assess your start-up’s finance requirements and discuss the various options available.
- Company registration with Companies House and HMRC
We will register your limited company at Companies House and deal with HMRC registration procedures – including VAT where applicable, as well as handling initial company secretarial matters.
- Advice and assistance with the implementation of bookkeeping systems
Your experienced SRG accountant will specify the most suitable bookkeeping system for your start-up, making it as easy as possible to comply with your statutory requirements.