Start ups & Company Formation
Accountants provide critical support for start-ups by advising on the most tax-efficient business structure (e.g. sole trader vs. limited company), handling Company Formation with HMRC and Companies House, and setting up compliant bookkeeping and payroll systems.
Here's a brief synopsis of what we do for start ups and Company Formations...
Business Structuring and Formation
We would analyse your personal financial goals and liability risks so as to recommend the best business structure for you, whether that's a Limited Company, Sole Trader, or Partnership Accountants. Should you choose to incorporate, we can handle the official registration paperwork with Companies House and register your business for Corporation Tax, PAYE, and VAT with HMRC.
Tax Efficiency and Compliance
We could ensure your company is structured to minimise your tax burden from day one.
This would include:
- Salary vs. Dividend planning: Calculating the most tax-efficient method to extract income from your limited company.
- VAT registration: Advise on whether to voluntarily register for VAT or wait until you hit the UK threshold (currently £90,000).
- Tax Reliefs: Help qualifying companies maximise relief schemes such as the Seed Enterprise Investment Scheme (SEIS) or Enterprise Investment Scheme (EIS) so as to attract investors.
Financial Planning and Funding
We could also help you prepare robust business plans, financial projections and cash flow forecasts, which are critical if you're looking for funding from banks or investors. We can also assist with evaluating the cost-benefit of different financial options.
Accounting Systems and Bookkeeping
To comply with regulatory standards including the UK’s Making Tax Digital (MTD), we would set up and help you with accounting platforms such if required. This ensures your invoices, expenses, and payroll are all accurately tracked in real-time.
Feel free to call or email us if you'd like to chat with us.
Contact us
TAS Office
Tally Accounting Services
82-83 High Street
Lincoln
LN5 8AA
Contact details
accounts@tallyaccounting.uk
01522 640932
Company number 12556045
Parking
One hour on street parking is often available on the high street outside our offices.
