> 3 months free payroll
> 1 months free book keeping
> 20% off first year’s accounts fee
… or drop us a line for a chat to get you going on your journey.
How are you going to trade? Sole trader, partnership, limited liability partnership [LLP] or private limited company? Each structure has advantages and disadvantages. How much this will affect you will be dependant on what you want to do now, and in the future.
Have you got money in the bank? There is a reasonable chance that you may have to settle a cost before your first customers pay you.
How are you going to keep a track of the business transactions? With VAT thresholds etc. to monitor, it can be a costly mistake to miss a deadline without realising.
What are your sales terms? Believe it or not, you may have a customer that doesn’t pay your invoice! To ensure that you are in the strongest possible position to take action, ensure that your sales terms are known by your actual/potential customers.
Try to keep a separation between personal and business transactions (i.e. don’t use a business bank account as a private bank account).
In this guide we’re going to tackle three key areas: registering your business, record keeping and paying your taxes.