Starting a new business is an exciting venture but can also be challenging.
Whether you’re launching a new venture or looking to switch accountants, Accounts & Returns are here to help with all the accounting services your business will ever need.
Our family-run team is dedicated to helping businesses of all sizes navigate their financial journey. We offer a range of services that take the stress out of managing your finances. Starting a new business is a big step but, with the right support, it doesn’t have to be overwhelming. Let us handle the numbers while you focus on building a successful future.
Contact UsWe set up businesses of all sizes including self employed sole traders, partnerships and limited companies.
We will assist you in obtaining a business bank account – if required. We can recommend several banks that allow an account to be formed within 48 hours. We will advise you on how to structure the ownership of your company or partnership to make it as tax efficient as possible.
Submitting all the necessary paperwork can require a lot of time and effort. We take away the burden so you can use your time more efficiently.
We will advise HMRC that your business has started and complete the relevant forms to avoid any nasty penalties. If you choose to register or are obliged to register for VAT, we will prepare the necessary forms.
We are experts when it comes to accountancy and taxation and we employ ex-HMRC staff who truly understand the numbers.
We can offer advice whether you’re starting a new business as a sole trader, partnership or limited company. We will set up a payroll scheme for you and register it with HMRC. We will advise on how to keep your accounts, together with the use of bookkeeping software applications such as Xero.
The Right Support For Starting A New Business
We offer expert accounting services to ensure your financial success when starting a new business. From setting up your business structure to providing tax-efficient advice, we’ll guide you through the essentials.
We also help with opening business bank accounts and ensuring compliance with all regulations. Our friendly team is dedicated to making the financial side of your business as easy as possible, leaving you free to focus on growing and succeeding in your new venture.
How Can Accounts & Returns Help You?
Complete our online form to discover how we can support you in starting a new business.
FAQs
What do I need to do first when starting a new business?
The first steps are registering your business with the relevant authorities, choosing a business structure and opening a business bank account. We can guide you through these steps to ensure everything is set up correctly and efficiently.
Should I register as a sole trader or a limited company?
The decision depends on your business goals and the level of personal liability you’re willing to accept. A sole trader has more control but assumes personal liability for business debts, while a limited company offers more protection. Our experts can help you make the right choice for your business.
How can I ensure my business is tax-efficient from the start?
Starting a new business with tax efficiency in mind is essential. We offer tailored advice on the best way to structure your business, helping you minimise tax liabilities. We can also guide you through available tax allowances and ensure you’re compliant with HMRC from day one.
Do I need to worry about bookkeeping from the start?
Yes, it’s important to keep accurate records from the beginning to manage your cash flow and comply with tax laws. We can help you set up a simple and effective bookkeeping system that grows with your business, ensuring you stay organised and prepared for tax season.
What ongoing support can I expect once my business is up and running?
Once your business is established, we continue to offer comprehensive support, including annual accounts preparation, tax return filing, payroll services, and advice on growing your business. You’ll have a dedicated account manager to help you navigate any financial challenges as your business expands.
