How to set up your new business

One of the first decisions every entrepreneur makes before launching a brand new business is how to structure it. The way you register a business can have a huge impact on how you operate, affecting the way you report and pay tax, and even how you pay yourself from the business - so it can seem overwhelming!

Most new businesses will start out as either a sole trader or limited company, but there are other options too. Our friendly team will talk you through the choices available and what they might mean for your particular circumstances, so you can make a well-informed decision. You can get in touch using live chat or by phoning us on 020 3355 4047.

Do I need an accountant for my startup business?

Knowing you can rely on unlimited support from your own dedicated accountant is incredibly reassuring, particularly when you're still in the startup stages. Your accountant will help you comply with all your responsibilities, and make sure you claim any expenses or tax relief you're entitled to. Having tailored tax efficiency advice also means you're likely to save money in the long run!

The type of accounting services you need can vary, but all businesses need to report their profits so we include a full set of accounts and your tax return in your fee as standard. We'll also be ready to act on your behalf in the (very rare) event of an HMRC inspection. We can even register your limited company for you, saving you up to £180!