Business Start-Ups

A Guide to Starting Your Business: Expert Advice from Countwise Chartered Accountants

Are you ready to turn your business idea into a reality? Starting a new business is an exciting journey, but navigating the legal and financial landscape can be challenging. At Countwise Chartered Accountants, we're here to guide you every step of the way, ensuring you make the right decisions from day one.

The First Steps: Building a Solid Foundation

The success of a new business depends on a strong start. Our team believes it's crucial for directors and shareholders to take the right steps when launching their venture. We offer expert advice on the most effective and efficient ways to set up your business, helping you choose the best structure to save on tax and achieve your objectives.

  • Business Planning & Cash Flow Forecasts: We have extensive experience in preparing business plans and cash flow forecasts, essential for securing funding and planning your future.

  • Optimum Business Medium: We'll help you assess whether a sole trader, partnership, or limited company is the best fit for your business, providing advice that saves you tax.

  • Accessing Funding: We assist businesses in making the most of available funding from local authorities and connect you with banks and other financial institutions to support your growth.

Setting Up Your Business Structure

Choosing the right legal structure is a critical decision. We provide comprehensive services to get you registered and compliant, whether you choose to operate as a sole trader, partnership, or limited company.

For Sole Traders & Partnerships

If you decide to operate as a self-employed individual or partnership, we'll handle the necessary registrations with HMRC, including:

  • Registration as Self-Employed (Form CWF1).

  • Voluntary or compulsory VAT registration.

  • Registration for a PAYE Scheme if you plan to hire employees.

For Limited Companies

For those who choose a limited company structure, we simplify the process with services that include:

  • Company Incorporation: We handle the entire incorporation process, providing all the documents needed to open a business bank account.

  • Tax Registrations: We'll register your company for corporation tax, VAT, and a PAYE scheme if required.

  • Director Self-Assessment: We also ensure directors are registered for self-assessment.

Why Choose Countwise Chartered Accountants?

Since 1992, we've been a trusted partner for businesses and individuals across the UK. Here’s what sets us apart:

  • Dedicated Expertise: You'll have direct access to a team of qualified and part-qualified accountants who will get to know you and your business personally.

  • Vast Experience: With over 20 years of experience, we have the knowledge to understand your unique needs and provide tailored solutions.

  • Continuous Learning: Our staff regularly undergo training to stay up-to-date with the latest regulations, ensuring you receive the highest standards of service.

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We also offer a unique, all-inclusive accountancy package for a fixed monthly fee, providing a predictable and transparent service for many of our clients.