More and more people are leaving the comfort of employment to try life as an entrepreneur in today’s society. The number of new businesses registering at Companies House was at an all-time high in 2014.
The rewards of running your own business can be tremendous. The potential to earn your true worth, the freedom that comes with being your own boss and the opportunity to build something of value to sell or pass on when you retire are just a few of the key benefits.
Prior Planning Prevents Poor Performance
But wherever there are rewards risks are never very far behind.
That’s where a high quality accountant comes in. Having the right advice from the outset can help you to make sure you are ready to take on the challenge of being a new business owner and to set-off on the right foot. Accountants are about much more than numbers. We can help you formulate a strategy, prepare a business plan, obtain finance from a lender and set your business up in the most suitable form from the start.
It’s not just what you know, it’s who you know
Through our training in business and experience helping numerous entrepreneurs at all stages of the life cycle we are well placed to help you think everything through. We also work with other professionals who can provide legal advice, compliance with relevant legislation, obtaining grant funding and IT etc. In short finding a good quality accountant is a great place to start when you are setting up your new business.
Death and taxes
If your new business requires a substantial outlay on new equipment, you may be able to claim a tax refund on previous earnings. With careful planning you can minimise the tax burden on your cash flow. Cash is king when it comes to business, especially growing businesses, and this could be the difference between success and failure.
Whats good for you is good for me
Forward thinking quality accountants really like fledgling businesses because if they can help them grow its good for their business too.
Speak to me for a free initial consultation without obligation. My affordable fees and high level of service suit new business needs and new business budgets alike.