Business Start Up Accountants in Stockton
LDF Accountancy specialise in accounts for Business Start Ups
Coming up with a new business concept is exciting and eventful, but sometimes it can all become a bit overwhelming, especially when accounts and finances come into play. There’s so much to think about and take into consideration, and if you haven’t got any experience, it can be very daunting and rather difficult. Thankfully for you, LDF Accountancy have been specialising in accounts for Business Start Ups in Stockton for many years now, and we have the expertise to help you moving forward. We can give you advice and information relating to your business plan, business structure, finances, taxation, and accounting administration. this then leaves you free to focus on the running of your business.
This is more than just a strategy put in place to help you make money. Your business plan is a management tool that will help you along the way. Your plans and projections will all be monitored using your business plan, where we can work together to come up with realistic goals. We will also build a solid financial base that will help you realise these goals.
Whether you are setting out on your own, forming a partnership, or looking to set up a limited company, we can help you establish a structure. As these are the options available to you as a new business, the way you structure your company should be based on commercial factors. These factors could include:
- Public Image
- Level of Risk
- Safeguarding Personal Property
- Approaching Tax Issues
LDF Accountancy in Stockton can help you moving forward. If you require help regarding Company Structure, we have the ability to assist you in a number of ways.
This is one of the biggest factors that will determine the success or failure of your business, but we don’t like to talk about failure. We can talk to you about your options for finance, which might include grants, loans, funding, or personal sources, which are all circumstance depending. As experienced Accountants in Stockton, we can get you determine the best course of action.
Every successful business will quickly realise that tax is a major overhead, and it falls into 3 separate categories:
- Corporation Tax or Schedule D Tax
- PAYE and National Insurance
LDF Accountancy in Stockton can help you minimise your tax liabilities, and structure your decisions around them. We can take all the responsibility for the admin work associated with PAYE and VAT, if you require us to of course. All you need to do is get in touch and ask us to put our expertise to good use.
Admin work can be very time consuming, and can even put a strain on your new business, if you struggle with time. Using an efficient recording system, you will be able to monitor the accounts and overall success of your new business.
LDF Accountancy can create a system that works for you, making this as time-efficient and practical as possible. We will make sure all Inland Revenue needs and other Legislations are met when we do this, and we can also give advice on other factors you might encounter during the early months of new business life.
- Data Protection Act
All of the above factors have consequences and implications, where these will be individual to you as a business. One of our friendly, professional team can talk to you about your needs, and help you with the above aspects when starting a new business.