Business start-ups

Raising finance for your business

Raising finance for businesses can be challenging to say the least. If you are thinking of expanding your business, or starting a new one, you will need to raise finance. What are your options?

Partnership agreements

Did you know that if you have no partnership agreement, then the provisions of the Partnership Act of 1890 apply? Make sure you have a partnership agreement and that it is up-to-date.

Business deductions

In order to attract a deduction in computing the profits of a trade or business any expenses must be incurred wholly and exclusively for the purpose of the trade. Capital expenditure is not an allowable expense (capital allowances are claimed on these costs), and certain other expenses are barred by statute.

Proving your credentials to investors

People don't invest in ideas; they invest in people. You can have the world's best business plan with a truly original idea that is guaranteed to make a fortune, but you could fail to attract investment if the people behind the idea do not inspire confidence or have the necessary plans in place.

Initial costs of starting in business

No new business is the same as another even if the product or service is similar. Review our summary of likely costs as well as making use of our start up funding calculator.

Forming a limited company

Although you can set up a limited company by buying a company online or 'off the shelf', it is usually advisable to seek our professional advice. There are so many options and pitfalls we strongly recommend working with us on your new business venture. Is it advisable to use a limited company? What are the tax benefits and consequences?

Starting a business

Are you planning to start a new business? We understand that starting a new business can seem like a minefield. What do you need to do? What and who do you need to know? Where and what do you need to register? How to register? What records should be maintained? What options do you have for using Cloud accounting? How can you minimise your tax liability while maximising your profits?

With our extensive experience in working with new businesses we can assure you that our advice will be tailored to meet your specific business goals and objectives. We will work with you to ensure that the record-keeping responsibilities do not restrict your ability to run a successful business any more than necessary.

Employed or self-employed?

The question as to whether someone is employed or self employed is not as straightforward as it might at first appear. Many people assume they are free to choose, but HMRC emphasise that this is not the case.

Preparing your business plan

Do you have a written business plan? Failing to plan is the first step towards planning to fail.

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