Accounting Services for Start-Up Businesses
Being a start-up business means having to focus on the management and building of your company. Not only that, but you must also spend time ‘putting out the fires’ that can occur during the daily operation of your business. When you’re devoting so much time to the urgent needs of your business, where can you possibly find the time to organise your accounting, understand the tax system or set your business up properly?
This is where Accountspoint comes in. Our wide range of start-up services saves you hours of time that you can then devote to running your business.
A Plan for Growth and the Right Support
Statistically 80% of new businesses fail in the first 5 years, and out of those remaining, 80% fail in the following 5 years.
The reason that start-up businesses succeed is because they not only have a healthy cash flow, but they’ve crafted a solid plan for growth. These two factors, when combined with the support from the right advisers can result in a business that enjoys success over the long term.
Your Business Type Affects your Taxes
The decision made about the structure of your business will affect how you are taxed. You will need to decide whether to structure your business as a sole trader / partnership or as a limited company.
It’s simpler to set up as a sole trader, but you’re personally responsible for your business’s debts. You also have some accounting responsibilities.
If you form a limited company, its finances are separate from your personal finances, but there are more reporting and management responsibilities.
A partnership is the simplest way for 2 or more people to run a business together. You share responsibility for your business’s debts. You also have accounting responsibilities.
A Full Range of Tax and Accountancy Services
We have helped many small start-ups become successful, profit making businesses. Using our experience of working with micro businesses, and our expertise in business and taxation, we can help you avoid the mistakes many new businesses make to help you succeed.
Free Initial Consultation
Want to be sure that our team is the one for you? When you contact us for a free, no-obligation consultation, we will answer all your questions and show you how much your business can benefit by working with us.
We hope this information has helped to simplify some of the issues involved. However, if you have any further queries, please do not hesitate to call us.
We pride ourselves on giving our clients the highest level of service.
- We can meet with you to explain how best to manage your business.
- Explain which expenses you can claim for through your business.
- Explain how you will be financially affected.
- Advise on and help set up your accounting system.
- Answer any questions you may have.