New Business Start Ups
Make the most of your new venture
At KG Accountants we welcome start-up businesses to come and talk to us. We can help you from day one to find the best methods of keeping your books, the best tax saving positions and help you to break down that accountancy fee by paying monthly. Cash flow is one of the most important factors for any start up business.
Our website provides details of the scope of services offered and the skills and expertise that the firm holds. We hope you find the site informative, for further information please use the Information Request Service or contact us by telephone or email.
Are you going to launch your business as a sole trader, partnership or limited company? Some of the criteria that should be considered are commercial risk, expected profitability, financing, use of cars for company purposes, and of course tax and VAT considerations.
Have you set out your business objectives in writing? Can you demonstrate qualified experience in the type of business that you want to launch? How are you going to finance the company? What are your expectations for sales, profitability and investment in assets? Have you consolidated all this information in a formal business plan?
Banks and Finance companies
Identify your “friendly bank manager” and make sure that you are well prepared for the critical first meeting. We already have well established relationships with all the major banks in the UK and this can be one of the most important contacts for your business.
VAT (Value Added Tax)
You should decide whether it is in your best interests to register for VAT from commencement, at some future date, or not at all if your trade is outside the scope of VAT. The decision you make on this point will affect both profitability and cash flow of your fledgling business. Please look at our VAT section for more information.