Business start up

Planning to set up your new business?

Starting a new business can be exciting, but daunting at the same time. If you are planning a new start up, our friendly team of specialist business accountants can help you;

  • 1. Select the appropriate Business Structure.
  • 2. Ensure you have a Business Plan in place.
  • 3. Analyse all your Finance Options.
  • 4. Register your company with HMRC and/or Companies House.
  • 5. Stay compliant from an accounting and tax point of view, while also helping minimise your tax with our knowledge and expertise.

It is essential to choose the right Accountant and Tax advisor to deal with your business affairs. We have years of experience in helping businesses grow from the ground up, so you know you’re in the right hands with us whether you’re just starting up or are looking to take your business to the next level.

Selecting the appropriate Business Structure

Your Accountant or Tax advisor can assist you in choosing the right path for you; whether you’d be better off as a Sole Trader, a Limited Company or Limited Liability Company route (LLP), with their help you can ensure you set the right base for your business. It is a crucial point in starting your business as this will determine the structure of your business and compliances attached.

Business Plan

Once you know the correct structure for your business, you should then start to construct a business plan. Before starting up your business, it is vital to understand your business type, get an idea about the market and have strategies in place. You also want to think about funding – for example, if your business is involved in selling goods, you will almost always need startup funds to kickstart your business. A business plan provides you with a clear strategy and gives you a competitive edge to plan and therefore succeed in those areas, while also offering a clear picture to yourself and any potential investors of how you plan to operate and your targets.

Our staff members use specialist software tools along with their professional accounting & business knowledge to assist our clients in drafting their business plan. We have a fixed fee structure (no hidden charges) and dedicated Accountants who will provide advice in core success areas.

Finance Options

As you know, cash is directly linked to the growth of any business. It’s important to know all of your funding options in case of restrained funds. Examples of these include:

  • Bank Loan.
  • Equity Financing.
  • Debt Financing.
  • Family loans etc

These options are all linked to different levels of risks and rewards. Again, our professional team can guide you appropriately in choosing those options and making informed decisions.

Register your company with HMRC and/or Companies House

Once you have your business plan in place with a clear strategy, you will have to register your company with the relevant departments, depending on your business structure.

Our services include registering your business whichever route you select.

Upon company formation, we offer to:

  • Help and assist in choosing your company name
  • Send you the incorporation certificates upon incorporation of the company.
  • Send the Shareholding certificates upon the company formation
  • Provide an accountant’s letter for referral purposes
  • Assist you in opening the business bank account
  • Provide you with the Memorandum and Articles of Association
  • Pay the companies house fee on behalf of you.

We help our clients throughout, whether they need to change their company name, address, or even make changes to the existing shareholdings.

Choosing an Experienced & Qualified Accountant/Tax Advisor

This is one of the most critical steps in starting a business. You need to make sure that you look for Qualified Accountants or Tax Advisors who will calculate the right amount of tax for your business. This way, you will have peace of mind knowing you are getting the right amount of tax reliefs after accurate accounting procedures, and be advised on how to be more efficient with your business finances.

We have a qualified team of Chartered Accountants and Tax advisors who can assist you in growing your business to the next level. From sole traders to small-medium sized companies, we have a specialist team to cover all aspects of accounting and tax.

Why people choose us over other Accountants

Our Professional Qualified Chartered Accountants and tax advisors provide all accounting & tax
advisory services to small & medium size businesses. We have accredited partners who provide
online software’s like Xero, QuickBooks, Sage and Free agent.
Please call us on 020 8577 0204 to arrange an appointment or email staff@majesticaccountants.com