Starting up your own business is hard work and you do not want to fall into pitfalls early or discover too late that you have not set yourself up in the most tax-efficient manner for your individual circumstances. Child & Child are keen to meet with you at the earliest possible stage to ensure you get off on the right footing – please take advantage of our initial free consultation!
Child & Child is very experienced in advising start-ups in a range of sectors and sizes. We have been helping businesses like yours for over thirty years and are happy to say most startups have blossomed and we are delighted to still be acting for them.
We can help you record transactions in a simple manner so that you aren’t spending ages on what many clients feel is the ”boring” bit!
VAT is an important issue for all businesses – when must you register, should you “voluntarily” register if your turnover is below the annual threshold which is sometimes beneficial.
If you take on staff/freelancers should they be an employee or can they invoice you as a freelancer? We help you ascertain this, an area HMRC are very keen to look into in enquiries.
We help you with:
Setting up your business in the most tax-effective manner for your individual circumstances – sole trader, partnership or limited company
Creating a business plan to assist in raising finance from banks and other sources
Advice on grants available for your particular business and geographical area
Being proactive in determining when it is more tax efficient to incorporate if you commence as sole trader or partnership initially
Claiming all possible expenses, the tax implications of the timing of business purchases
Maximising tax efficiencies between spouses/civil partners – could a non-earning spouse be helping you in your business?
VAT planning and advice – preparation, calculation and completion of returns where needed and compliance with Making Tax Digital
PAYE planning and advice -preparation, calculation and completion of monthly returns where needed
Detailed planning for Income Tax and National Insurance
Helping implement the most appropriate record-keeping system for you
Ongoing business development advice
Advising on the implications of ongoing changes in tax legislation