If you’re starting out as a new venture, learning to juggle every element of your business can be a real challenge.
Time and money are always valuable commodities, but never more so than for startups. So, while it’s important your finances are in shape from day one, it’s also crucial that you’re able to devote your time to running and developing your own business…and that’s where we can help.
Here at Chippendale and Clark, we’re experienced in managing startup accounts, and know how important those early days are in getting your business off to a successful start. How you structure your business can have real significance for the future, and getting the right advice and guidance can make all the difference to your tax savings further down the line.
Remember, what might work well for someone else, isn’t necessarily the best option for your business. That’s why we offer all startups completely free advice at their first appointment – no strings attached, no hidden charges, and nothing to lose.
When setting up your own limited company, getting the right professional tax advice from the start is even more crucial. You’ll need to consider your Company Tax Return and Corporation Tax amongst other things, and it’s important your accounts are returned by the appointed dates and with all relevant information included to avoid any penalties – Chippendale and Clark can take care of this for you.
Sole Trader Startups
As a sole trader, you’ll receive all profits from business, but you’ll also be solely responsible for all losses, debts, recording of finances and payment of taxes. Chippendale and Clark can take the pressure off; we’ll file your tax records correctly, accurately and within deadlines, and we can also advise on the best way to manage your money so you don’t end up paying more tax than you should.
Cloud systems don’t just offer an easier way to manage your accounts, Xero can actually help you get paid faster too. Chasing invoices is the last thing you want to be doing when you’re starting out, especially when cashflow is tight. Xero can help you create online invoices, track payments, record contact details, and even automate reminders, so you can get paid faster for the work that you do.
Process VAT Returns
If your turnover is more than the current VAT threshold, you’ll need to submit VAT returns to HMRC. But if the thought of bookkeeping fills you with dread, there’s no need to panic. We can complete and process your VAT returns for you and take care of all bookkeeping involved, so you don’t have to worry about inaccuracies, late filing, or penalties that could be avoided. We can also advise on the best way to manage your VAT, so you save money wherever possible.