Business Start Up
The key components needed to start a new business are a sound realistic business plan coupled with the required finance, if needed, in place. Entrepreneurs tend to have a lot of spirit to go with their plan at the beginning to get their business off the ground and we will assist with all the legal and financial aspects, including the formation of your company.
To keep the start-up process as smooth as possible why don’t you utilise our expertise of having done this before, for many other businesses.
Whatever the size of business you are considering starting up we can provide vital advice on:
- The form the business should take – sole trader, partnership, LLP, limited company, PLC.
- Company formation procedures.
- Preparation of projections, cash flow forecasts and a business plan.
- Arranging finance.
- Bookkeeping tuition and implementing management procedures and systems.
- Tax planning.
We advise that you do not risk getting caught out by any unexpected problems and come and see us from the start. Coming to see us to present your business proposals means we can evaluate them in a constructive and realistic manner.
Get in touch to now to find out more.
Start your UK business on the right foundations
The decisions you make at the start, from your business structure to how you register with HMRC, affect your tax, your liability and your ability to raise finance later. SJPR Accountants helps new entrepreneurs, including many Brazilian and Portuguese founders, launch their business correctly from day one.
Sole trader or limited company?
A sole trader business is quick to set up and simple to run, but the owner is personally liable for its debts. A limited company offers limited liability and can be more tax efficient as profits grow, with more reporting obligations. We compare both options against your expected profits and plans.
How SJPR supports new businesses
- Company formation at Companies House, including director and PSC identity verification
- Registration for Self Assessment, Corporation Tax, PAYE and VAT where required
- Business plans and cash flow forecasts for banks and investors
- Help accessing start-up finance and business loans
- Bookkeeping set-up in Xero, QuickBooks or Futura
- Your first year-end accounts and tax returns
Key deadlines for new businesses
- Sole traders must register for Self Assessment by 5 October after the end of the tax year in which they started trading
- New companies must register for Corporation Tax within three months of starting to trade
- VAT registration is required once taxable turnover exceeds £90,000 in a rolling 12 months
Frequently asked questions
How long does it take to form a limited company?
Incorporation at Companies House is usually completed within a few working days once identity verification and documents are in place.
Do I need an accountant to start a business?
It is not a legal requirement, but professional advice helps you choose the right structure, register correctly and avoid early penalties.
Can non-UK residents set up a UK company?
Yes. Non-residents can form a UK company, although banking, tax residence and identity verification need careful planning. SJPR advises international founders regularly.
When do I have to register for VAT?
When your VAT-taxable turnover exceeds £90,000 in any rolling 12-month period, or you expect it to within the next 30 days.
Speak to SJPR Accountants. Call 020 3371 0292 or contact our London team to book a consultation.