Accountants for startups and early growth businesses
Who we work with - Early businesses
The startup stage of business is both an exciting and hectic time.
Businesses at the start of their journey have a lot to think about. From putting their business plan into action to trying to serve their clients to the same quality as their business grows.
At this stage, many feel like they don’t know what they are doing, what taxes they need to pay, and how to even pay themselves, etc.
And then there are the essential accounting considerations:
With so many vital things to get right at this stage, it’s not a surprise that many new businesses fail in their first year. Cash flow management is key, especially in those early years.
We are accountants for startups and early growth businesses
If you are at the start of your growth journey and you’re confused about what you’re doing and if there’s something you’re not doing that you should be, that’s where we come in.
First of all, congratulations! Setting up your own business is a big step and a life-changing one at that.
Secondly, the early days of running a new business are so busy, so this is the perfect time to bring us in. As soon as you incorporate your company, we can work with you, advising on important decisions and implementing the appropriate processes and systems from day one.
Once you're all registered with HMRC and Companies House, and you have the right legal structure and accounting process in place, we then focus on the 3 main pillars of running a successful early business:
Paying the right tax
From the first day of trading, it is essential to maintain accurate records of all financial transactions for tax purposes. As a startup accountant, we ensure that you have a proper accounting system in place, we maintain your bookkeeping, payroll, and VAT returns, and we complete and file your tax returns on time, every time.
Compliance may seem like an annoyance, but it actually saves you time and money in the long run. Not only that, but following compliance standards helps you detect issues before they become considerable problems and it reduces your risk of being fined. To keep your business compliant, we maintain your financial reports on a GAAP complaint system. This is crucial for future growth, especially when it comes to loan or investment opportunities.
Planning for the future
While we can give you a clear picture of how your business is performing day to day and month to month, we can also give you financial projections for the future. This will be invaluable if you need capital to grow as you will need sound financial statements and reports to convince lenders or investors that your business is a safe investment.
In short, we work with many startups and early-stage companies so we can make your life easier during this time. Our main goal is to give you more time to work on developing your new business (while not having to pay more tax than you have to during this time).
Services that would help you:
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Want to do what you love and fund your lifestyle?
It’s possible to have both when you have the right sidekick.