Startup Business Accounts in Newark

If you’re just about to start a new business and have no idea where to begin with your day-to-day accounts, tax returns, payroll, VAT etc then we’re here to help!

Accounting for Startup Businesses

When starting a new business we know how confusing it can all be in regards to things such as knowing what category to register the business as, how to setup a Ltd Company, when to submit your tax return, should you register for VAT?…and the list goes on! So if you are setting up a business and have no idea where to start with your accounts, or simply want a professional to take care of it all for you – then you’ve come to the right place.

We have an accumulated wealth of experience spanning decades when it comes to knowing how to get your business accounts all setup properly to ensure your business will run smoothly from the start. Whether you are setting up a business for the first time, or whether this is your 100th business startup, rules and regulations constantly change so it’s very much worth giving this priority over to a professional to take care of it all for you. We know the best methods for setting up any type of business and can advise on the right way to kick-start your business accounts.

Business Registrations

WHETHER SOLE-TRADER, PARTNERSHIP OR LTD

When starting a business it’s not always just about getting the right logo, or the best location that ensures your success. Registering your business correctly with organisations like HMRC or Companies House etc is a legal obligation that you are solely responsible for, so it’s always best to let a professional take care of this for you if you’re unsure about anything. We will advise you on the best method for setting up your business whether it’s as a Sole-Trader, Partnership, Limited liability Partnership (LLP) or Limited Company – which in-turn involves notifying Companies House. As well as this we can also advise on whether you’ll need to initially become VAT registered or look at a timeframe to do this.

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Business Account Setup

HIT THE GROUND RUNNING

Once we have ensured you are registered correctly we will then help you with setting up your business accounts. This doesn’t just mean which bank account to choose (which is something we will help with of course!) this means we will provide you with the best cloud accounting software to help run your business accounts and give you and/or your team with the training needed to know how to run the daily bookkeeping and logging records correctly ready for your tax return(s). We can also offer our monthly accounting service here which takes care of everything for you on a fixed monthly subscription, but we will always aim to give you the knowledge to do it yourself before offering this.

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How We Work

Every startup business we work with will of course be unique, however the way in which we can help get your business accounts setup properly generally works in three simple steps.

Discuss Your Business

First and foremost before any ‘officia’l work commences, we will sit down with you over a coffee (or tea if you prefer!) and discuss how you plan to run your business. From here we can get a solid idea of the best ways to setup your business and what avenues we will need to register with to achieve this.

Business Registrations

Once we have confirmed the best method for running your business, we will then take care of all the registrations for you with HMRC and Companies House etc as required. This ensures you are properly registered with the correct authorities so there is no repercussions down the line.

Startup Business Accounts

Once you are fully-registered we will then be able to help setup your business accounts and advice you on best practices moving forward. We will also provide training as needed to ensure you have all the information required to run your own accounts, or offer our monthly accounting is needed.