Business Information Starting a Business
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If you are thinking of starting your own business, you should start by discussing your plans with an experienced accountancy firm that can give you the help you need. The more forethought you can give to the job of running your business, the more likely you are to succeed.
Accountancy South West can help you plan your business and answer some of the questions you should consider before you start:
Can you succeed in business?
- Have you any funds you can put into the business?
- Do you know the legal requirements of a business?
- How much will you potentially earn during your first year?
- Do you need help raising finance for your business?
- Can you estimate a salary and profit after expenses?
- Have you condidered how you can minimise your tax liability?
- There are many other matters you need to consider both before you go into business and during your all-important first year. With careful planning and the right advice you could earn more and pay less tax.
How can we help?
We believe in a personal approach to all our clients, and provide a creative and positive service. We can assist you in a variety of ways:
Preparing your accounts
Some clients with growing businesses have management accounts. These enable you to check regularly on your business growth, trends, and profitability.
Tax planning
Minimise your tax liabilities.
Cash and profit forecasts
Create ‘moneymaps’ to help you forecase your future business performance.