Business Start Ups

This can be the biggest challenge you undertake and also the most exciting, therefore it is essential that you seek advice from professionals. There are many issues to consider and these will all be unique for each business and different challenges will be faced. The right advice can be the key to a business succeeding or failing and below are a number of issues you may encounter.

• Advice on business structure – it is important to get this right for you from the outset
• Advice on meeting your tax obligations – company or personal
• Drafting business plans – including cash flows and projections
• Advice on setting up Payroll scheme
• Registering for VAT, if appropriate
• Advice on what records to keep and how to set these up and maintain them
• Guidance on what you can claim tax relief for
• Business advice on non tax and accounting issues – for example should you have a shareholders or partnership agreement or update your will?