Accounting For Start Up Business Owners
Choosing the correct business vehicle – sole trader, partnership, or limited company – and having a sound, well-prepared business plan are essential elements to setting up a successful business.
If you are thinking of starting your own business, then setting it up properly is just as important as running it well, which is why it’s beneficial to have an accountant to help start a business. If the business is properly set up you can spend your time and use your talents in your business, developing it and making it good at what it does. However, if your business is poorly set up you will waste your valuable time merely administering your business. Your business will not then earn its full potential.
Grampian Accounting, based in Westhill near Aberdeen, will help you make the right set-up decisions, implement them and set-up an efficient administration system making accounting for start up business owners simple and effective. With years of experience in the industry, if you need an accountant to help start a business, our team are more than suited to assist you.
New businesses start all the time, and the number that fail is quite startling. Don’t be one on those and let us help you make the right decisions from day one. We’ll be a ‘safe pair of hands’ you can rely on any time you’ve got a question or need information. After all, accounts, finance and tax are probably not your area of expertise, so it makes sense to have someone on your ‘team’ who can handle all those matters, quickly and easily, so you can look after the essentials of running your business and making money!
Setting up your own business is a huge decision and you may not have the experience of running your own company, making business decisions and taking responsibility for it all. With Grampian Accounting’s experienced business professionals at your side, finding an accountant to help start a business will be a seamless process and you’ll have the confidence to take your business forward and shape your plans for growth. The first step may appear to be difficult, but with the correct help and advice when it comes to accounting for start up business owners, we can make it easier, and you can concentrate on other business matters.
That’s why you’ll find we’re always on hand during your business journey to help you with:
Worried about your pension? Are you putting enough aside to provide for your retirement? Investments giving poor returns? For many business owners, safeguarding their hard-earned savings is a priority.
Come and talk to us about wealth management and find an accountant to help start a business. We will analyse your current situation, define your objectives for the future and develop and implement an action plan which will make the best use of available resources to achieve the outcome you want.
Unfortunately, we have to plan for the inevitable, which is why you should start inheritance planning as soon as possible. We’ll advise you on getting your affairs in order to take full advantage of the UK’s complex tax system.
Have you thought about what happens when you want to retire from your business? Will you sell it or hand it over to a family member? Have you fixed a retirement date? Will you have sufficient income to support your retirement and provide for your family?
It’s never too early to think about your exit. It may seem a long way off at the moment, but the earlier you start planning the better. All these considerations need to be taken into account in preparing a strategy for business exit. After all, you’ll want to maximise your wealth at retirement, leaving the business in safe hands. The timing and structure of any sale could dramatically reduce your tax bill.