Starting a new Business requires careful planning in all areas, especially
Marketing
Finance
Human Resources
and getting the right structure to utilise the Tax Advantages.
The main things to focus are
- Having savings for at least 6 to 12 months so that your day to day household expenditure are not interrupted.
- Having a Business Plan to make sure that your Business starts making money within 3 to 6 months.
- Utilise any availability of Grants by speaking to the following organisations. Please click below to visit the relevant sites.
Chamber of Commerce,
Princes Trust,
Regional Growth Funds (RGF),
Resource & Training Grants,
New Enterprise Allowance
- Having / Acquiring the right skills set to grow your Business.
- Marketing your Business via Social Media, Online, Leaflets, Word of Mouth etc.
- Minimising Risk by having the relevant business insurance.
- Having a cash flow forecast to understand difference between making Sales & cash in the bank.
Excel Accountants can provide you with the initial FREE Business Review and advise on any pitfalls so that you start with the right mindset.
We can assist you in
- Generating a Cash flow Forecast for your Business.
- Advise you in what Business Structure to have – like Sole Trader, Limited Company etc.
- Setting up your Limited Company, if needed.
- Minimising Risk to you & to your Business.
- Setting up bookkeeping systems to monitor your finances.
- Prepare monthly Management Accounts for decision making.
- Referring to HR Advisers to have staff policies, online marketing consultants, FREE online courses etc.
After that, we can offer the following services,
For Sole Traders & Partnerships
- Notification of your business with HMRC.
- VAT registration.
- Payroll registration.
- Set up bookkeeping software in either Xero or Quickbooks & related training.
- Help with in house systems for you to produce your own information;
For Limited Companies
- Advice on the pros and cons of forming a limited company.
- Limited company formation
- VAT registration.
- Payroll registration.
- Company registration for Corporation Tax;
- Set up bookkeeping software in either SAGE or Quickbooks & related training.
- Help with in house systems for you to produce your own information;