Start-up Businesses

It is natural for any new start-up that owners concentrate on the crucial aspect of marketing and building up the business. This often results in paperwork falling behind until it becomes a laborious and daunting task, with detrimental consequences including:

• Invoices to customers not being raised as soon as work is completed, resulting in delayed payments – a negative impact on cashflow, so critical at any time and particularly in the early months of trading;
• Not managing cash properly and efficiently;
• Not knowing if the business is profitable;
• Failing to file returns with HMRC and Companies House on time, resulting in fines.

The most common reasons why books are not maintained or put to one side until the last minute are a lack of awareness of the rules and regulations governing all businesses from sole traders to limited companies, or a reluctance to spend money employing someone to do the paperwork.

If you are considering setting up or have just set up your own business and would like advice on accounting and administration matters, give us a call. We have considerable experience with newly established or expanding businesses.

"As a small start up business who is VAT registered our biggest concern was ensuring that our bookkeeping and VAT was in order whilst managing our overheads.

We found that the service offered by Accountability matched our needs exactly and we soon had some simple processes and supporting software which allowed us to concentrate on the business rather than worry about our books being in order and our VAT being up to date.

We have found Accountability to be diligent, thorough and professional without being stuffy or confusing us with accountancy jargon

They turned what was a worry into a relationship that understands our business needs and has a personal touch.

In our experience we would recommend them to any small business."

Dave Raynor, Director, The Fireproof Safe Company Ltd