Business Startup Stourbridge
Business startup Stourbridge, supporting you through business development and growth. Reducing the burden of financial responsibility.
Experienced Accountants for Business Startups in Stourbridge
Helping You start Your Business The Right Way
The financial obligations of a new business can be extremely daunting. There are a number of rules and regulations that must be followed, and you will also need to know which services you are required to register for, such as bookkeeping services, CIS, Payroll, and more. This means you need extensive knowledge to make the most out of your business. Whilst anyone can register a company or file a tax return, the difference between doing so, and doing so efficiently is monumental. With the knowledge and skill a business startup accountant can bring to the table, they often pay for themselves. They will also be able to help you plan for both the future of your company and you as an individual. Efficient tax planning is a great way to get your financials in order and get ready for new opportunities.
Testimonials
Our business prides itself on customer satisfaction and is proud of the reputation we have built in the Stourbridge area over the last 35 years. We help clients with a variety of tax-related services and appreciate every review and kind word we receive in return. You can check out some of our reviews yourself that our clients have left online.
What Our Startup Services Include
Our Stourbridge startup services consist of a variety of aspects to help you get your business off the ground in the most efficient way possible. We can help you decide on the structure of your business, prepare a business plan, produce cash flow projections, and a whole lot more! We will also make sure any necessary documents are filed with legal bodies such as HMRC and Companies House. This includes the appointment of shareholders, directors, secretarial staff, and persons of significant control.
Whilst it is important that you are compliant during the process of incorporation, it is also important that you plan for your future. Our trading forecasts, projections, and business plan services can help you produce a clear path for the future.
Incorporating Your Company
Whether you’re setting up your business as a limited company, sole trader, or anything in between, we can help with the incorporation of your business. Our team will be able to assess the situation to determine what regulatory obligations are required of you and what documents need to be submitted to governing bodies. For example, limited companies will need to undergo the process of accounts preparation at the end of each financial year. With the experience and knowledge we bring to the table, we will make sure everything is filed correctly and in a timely manner. So you can rest assured that the legal requirements of your newly founded business are taken care of.
Free Consultation
Meet Our Team
Benefits of our Business Startup Stourbridge Services
Having a team of accountants that are well-versed in the world of startups can not only help your business stay compliant and avoid penalties but also provides an invaluable stream of tailored advice designed to help your business grow.
We will provide you with a dedicated start-up accountant to help guide you through the setup and be available if you need any assistance.
Our team will ensure your business stays compliant throughout the process, and all relevant documents are filed, so your ready to go.
Having an account for your new business means more than just compliancy. Our team will sit down with you to discuss your best options for growth.
How The Process Works
Before you start your own business, it’s a good idea to sit down with us and discuss your business plan and projections. This will give us valuable insight into your business and help us provide the best possible advice.
We can also discuss your financial requirements and advise on the best sources of finance for your business.
The first step to setting up your own business is deciding which form it should take, whether that be a sole trader, partnership or limited company, and then registering it with the correct legal entities. We will discuss what type of company framework will best be suited to your needs and benefit your business by being the most tax-efficient.
Once we have decided on the structure of your business, we will assess whether you are required to open a payroll scheme. If you are, our payroll accountants will carry out the necessary registrations on your behalf, and can even process the payroll for you if you require us to. This will involve getting you set up on our system and discussing what information to process through the scheme.
If your business is required to run a payroll scheme, we will also take any necessary actions to ensure you comply with the Auto Enrolment pension regulations.
This means the correct deductions will be made on a regular basis for any employee enrolled into the scheme. We will also file any relevant documentation with the Pensions Regulator.
If your business carries out work in the construction industry you may need to register for CIS. Under the CIS scheme businesses are required to make deductions from any payments relating to labour.
These payments need to be reported to HMRC on a monthly basis to avoid penalties and interest.
If your business exceeds, or plans to exceed, £85,000 in turnover within your current financial year, you will need to register for VAT. Our expert VAT accountants will help with the process of registration and ensure you are fully compliant. Once we have completed your VAT01 form you will receive your VAT registration number, and your business can start to charge VAT. Your business can also voluntarily apply for registration.
Now that your business is registered in the necessary departments you will need to keep regular and consistent records of all the transactions your business makes. We will advise you on the best accounting software for your situation and if necessary, set you up on our system to carry out any bookkeeping duties
Future Proof Accountancy Software
Our Stourbridge Tax Return services use up-to-date, cloud-accessible accounting software making sure your records are kept in a Making Tax Digital format. Our software takes regular backups to keep your records safe and secure and allows us to provide your business with easy-to-understand reporting.
Quickbooks
Online accounting software that can help your business manage its finances and keep track of its records.
Sage
Award-winning accounting software to manage your businesses accounting, payroll, forecasts, and much more.
Iris
The UK’s leading provider for personal tax returns and year-end accounts.