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Start Up Accounts

Starting your own business can be daunting. You decided to ‘go it alone’ because you love what you do and are brilliant at it too.

And if you’re like most start-ups, you maybe didn’t give the additional set of skills it takes to actually run a business too much thought.

One aspect of additional skills is keeping your accounts in order. Just because you’re a start-up doesn’t mean turning a blind eye to accurate bookkeeping, annual accounts submissions and paying applicable taxation. The taxman won’t take kindly to ‘I wasn’t aware Sir/Madam’.

What are the benefits in a start-up having an accountant?

Issues such as taxation and payroll are complex and can be confusing. Unwanted distractions can prevent you from running your business efficiency – a professional accountant can keep you on the straight and narrow and eliminate the stress.

Key Accountancy Services can support you at every step, offering guidance on the most efficient business structure to suit your individual circumstances, advice on legal compliance and ways to future proof the growth of your company.

Digital accountancy for start-ups

With tax going digital it’s important to embrace electronic accounting from day one. It’ll be cost effective and your business will have the relevant systems in place to operate efficiently – from anywhere in the world, at any time.

We can introduce you to an innovative online accounting system and provide training on how to log expenses, set up invoice templates, initiate debt chaser emails, and view sales and purchase reports. Everything you need to stay aware of your cash flow and to be compliant with HMRC.

When the time is right you may need assistance to form a limited company or partnership and expansion may require new additions to the team.

When that time comes, company developments need tax planning advice, support with pensions and PAYE, and help to mitigate future tax liabilities.

What do I need for start-up accounts?

Just yourself and your ideas.

We can help you find answers to all your questions, guide you through company formation and make sure you complete the right forms for tax responsibilities.

[FAQ] How can I get my start-up accounts in order?

Give us a call or drop us an email to let us know you’re interested. We’ll arrange a suitable time and place to meet face-to-face to discuss where you are and where you need to go.

Before we carry out any work on your behalf we’ll agree a fee. Set up fees are one-off payments and if you decide to continue with ongoing accountancy support we’ll agree a fixed fee arrangement so you know exactly where you stand.

“Make sure your accountant is contactable so you can pick up the phone to them at any time or email and receive a swift response.  When you need to meet HMRC deadlines and pay staff – this will be imperative!  This also shows they have an interest in you and your business and prioritise it over their own workload.”

For no-nonsense accountancy support and advice, contact the Key Accountancy Services team today on 01782 405442 or send a message.