Why it’s important to invest in an accountant for your start-up
When you start-up your own small business, it’s an exciting whirlwind of new experiences. You initially take on many roles: sales, marketing, operations, IT, and even HR. The list is endless.
One of the things you need early on, however, is solid advice on business structure and managing the finances. It really pays to set things up correctly at the beginning. If you have the right legal and financial framework in place, it’s one less thing to worry about when it’s time to contact HMRC.
At Essendon Accounts and Tax, we work as an accountant for start-ups all over the country and in various industries. We can help you with everything finance and tax-related so you can focus on your trade.
Tracking the Detail
Because we specialise in accounting for start-up businesses, we know all there is to know about regular processes as well as niche details that may be specific to your situation. We can also take the pain out of bookkeeping and ensure accounts and tax returns are compiled and filed on time. Plus, we can help track VAT and run payroll when the time comes.
If there are any areas of your accounting or tax that you would like advice or support on, then contact us today.
When it comes to starting a new business, it’s important to get the finances right from the get-go. People often make the mistake of thinking that ‘everything will work itself out’, but this isn’t the case – and the last thing you want to do is end up in debt or owing money because you didn’t invest in an accountant for your start-up. Take advantage of our experience working as an accountant for start-ups.
At Essendon, we have years of experience in accounting for businesses of all sizes, including start-ups. If you are looking for a trusted partner, contact us today.
Other services to help your business
Bookkeeping
Financial expertise and support with the day-to-day accounting needs for your business It can be a time-consuming, complex, and often-neglected task. However, every business is required by law to ‘keep books’ and as your business grows, so too does the amount of bookkeeping. You need financial expertise and support with the day-to-day accounting needs of […]
Management accounts
Taking care of your day-to-day business Our aim is to take care of your day-to-day business through managed accounts, and ensure the relevant statutory filing is always submitted on time. With the complexity of required submissions to Companies House and HMRC, it makes sense to let us handle your bookkeeping, payroll, VAT, and final yearly […]
Corporation tax
Ensuring you pay the right amount of tax When compiling your statutory financial statements, care must be taken with both the Corporation Tax computations and the final return. Apart from the financial statement, many necessary supplementary pages need to be prepared; for example, where the company has made loans to those with a participating interest […]
Payroll
A complex, ever-changing landscape Payroll can be incredibly time-consuming, with the added pressure of ensuring it is completed accurately and to a specific deadline. As an employer, you are required to submit payroll information, as well as national insurance and PAYE tax, to HMRC every time you pay an employee. There are many questions you […]
Value Added Tax
Different rates for different businesses You may need help with your Value Added Tax (VAT) obligations, and advice on registration and when voluntary registration may be beneficial. It is important to look at your purchases and see which input VAT can be claimed, and know the difference between the different rate schemes and which products […]
Personal Tax Returns
Expert knowledge to help you maximise the numerous tax allowances and reliefs that are available Many people find it time consuming and complicated to file their own personal tax return, and still ensure they only pay the right amount of tax. Whether you are a sole trader, in a partnership, a director of a limited […]
Capital Gains Tax
Taking full advantage of your allowances If you sell assets that have increased in value, then you are going to be liable for Capital Gains Tax on the profits. From personal possessions, business assets and property, to shares and investments, you need to make sure you are paying the correct amount of Capital Gains Tax. […]
Statutory Financial Statements
Taking the stress out of preparing your statutory financial statements, keeping everything clear and compliant. Any business generally has nine months from their year end to file their statutory financial statements and accounts with HMRC. To do this properly, you also need full unaudited statements for the shareholders which are attached to the Corporation Tax […]
Construction Industry Schemes
We make dealing with Construction Industry Scheme (CIS) rules simple – so you can focus on building, not paperwork. Whether you’re a contractor, subcontractor or a business that spends on construction, then the Construction Industry Scheme may apply to you. The scheme’s rules could affect how your tax and national insurance contributions are handled. It […]
Company Secretarial
We take care of your company secretarial tasks so you can keep your focus on steering the business forward. Every business must have someone to take care of the company secretarial side of the business and deal with Companies House, yet this is an often-overlooked yet important task. And it’s not just about filing of […]
Financial Director
A comprehensive advisory service All top athletes achieve the peak of their career by working with a coach, and we know that every business that wishes to reach the top must have a team of trusted advisors around them. We will always be there to provide up-to-date financial information, projections, data analysis and will always […]
Accountant for Start-Ups
Why it’s important to invest in an accountant for your start-up When you start-up your own small business, it’s an exciting whirlwind of new experiences. You initially take on many roles: sales, marketing, operations, IT, and even HR. The list is endless. One of the things you need early on, however, is solid advice on business […]
Registering a Trust
We simplify the trust registration process so you can be confident everything’s set up right. As of September 2022 the rules and regulations around registering a trust have changed. From this date all UK Trusts have to be registered regardless of whether they have tax liabilities. If you have a trust which requires registering and […]
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