Thinking of starting a new business?

If you are thinking of starting a new business you should definitely talk to Accounting Innovations and at an early stage in the process. We can help with business plans and financial forecasts, provide suggestions for raising finance, and the regulatory issues you need to address.

Once the decision is taken to start the business we can provide a range of services including

• Helping you choose which business approach is right for you - sole trader, partnership or limited company. Each business format has different implications in terms of taxation, raising finance and personal liability, so it's vital you get the right advice and choose the right option
• We can provide you with advice on setting up accounting records (what records do you need to keep), including use of accounting software
• We can provide you with advice and liaise with those who need to be informed of your new business. E.g. HMRC, Business Banks etc.
• We can guide you on whether or not to register for VAT
• We can make sure your tax returns are filed on time and that you pay the correct amount of tax
• We can advise on what tax reliefs may be available to you
• We can provide advice or management of your payroll if required.