Accounting For Startup Businesses
Here at The Accountant Network we have years of experience in a wide range of business sectors and can provide tailored advice to help your startup succeed.
Our highly experienced business accountants are specialists in helping startups thrive. From day one we can provide expert guidance in creating business plans to help raise finances, assist in setting up bank accounts right for your company, and develop specified tax strategies.
Start-up services we provide:
- Registration for VAT, Payroll, CIS, pensions and more
- Business planning and forecasting
- Setting up of the right bank accounts for your industry
- Business registration advice
- Ongoing bookkeeping and accounting
- Tax returns
- Tailored business advice for startups
- Startup tax planning strategies and tax efficiency reviews
- Manage your documents via our online accounting services
Price List
Basic Package
- Digital Certificate of Incorporation and M&As
- Digital Share Certificate(s)
- Email consultation
- Incorporation within 3 business days
- Companies House fee included
- Registration for PAYE
- Registration for corporation tax
- Director's registration for self-assessment
Simple LTD
- Digital Certificate of Incorporation and M&As
- Digital Share Certificate(s)
- Email consultation
- Incorporation within 3 business days
- Companies House fee included
- Registration for PAYE
- Registration for corporation tax
- Director's registration for self-assessment
- Registration for VAT
Please see Other Fees section below for a full breakdown of our pricing.
Specialised accountants for startups
Get your own dedicated startup accountant to help navigate your business through the complexities of VAT and UK tax law.
Not all startup companies have to register for VAT as there are certain criteria businesses need to meet for it to apply. However, it can actually be more beneficial for businesses who don’t need to register for VAT, to register anyway and claim the VAT back.
Sound complicated? It doesn’t need to be. Our expert startup tax accountants are here to walk you through the complex criteria.
If at any point you have to ‘de-register’ for VAT we can also assist in this process.
Help forming your company
We understand that those who start up their own business are experts in your own right. But when it comes to choosing a business structure, understanding future tax obligations, official registration, and potential legal aspects, then it can be difficult to know where to start.
Our qualified startup accountants are here to help you get your business off to the right start and ensure that you are tax registered and ready to trade.
Choosing the right business structure
There are four main business structures you can register for your startup in the UK:
- Limited company
- Limited liability partnership
- Sole trader
- Partnership
We’ll help you identify which structure is the most beneficial to you and your startup. We then get your company officially registered and file all the forms and documents accurately.
Correct registration is vital. Our accountants can provide valuable insight about which business format is suitable for your company’s financial requirements and future ambitions.
Is your business already registered? We offer small business accounting services from only £40 a month.
Sole traders
Registering yourself as self-employed can be straight forward as long as you know what forms to fill in and where to send them. We will break down all the details you need to know and even fill in and submit all the paperwork for you.
Our accountants are here to make registering as a sole trader as straightforward as possible, allowing you to start trading as soon as possible and concentrate your efforts into growing your business.
Already registered as a sole trader? We offer our accountancy services for self employed individuals from as little as £180 a year.
Limited company formation
Setting up a limited company can involve more paperwork and can have additional benefits to the other business formats, like specified tax planning strategies. It does also mean that you will have to file accounts with Companies House, opening your business up to public view, including information about your directors and shareholders.
We will help inform you the pros and cons of this format; identifying whether or not it is suitable for your business.
Partnership
When setting up a Business Partnership, our accountancy team can run your through all the paperwork, tax rates, and ensure you’re fully aware of any applicable business rates. We make sure you are fully informed before you set up your business so there are no surprises.
As past of the partnership registration process, we advice that you write up a ‘deeds of partnership’ document to outline who is liable for what. This is a vital piece of documentation, which we can assist you with to ensure no area is missed out and all items are covered.
We are also here help you choose your trading name; as it doesn’t always have to include the partners’ names. This is especially relevant when a large number of partners are involved. We will supply you with the relevant forms that need to be filled in and sent off to the Companies House.
Get help registering for PAYE & CIS
Payroll & PAYE
Registering for PAYE is relevant to businesses that have employees and involves deducting income tax and National Insurance from employee salaries. We can assist in this registration process as well as talk you through the system and what it means for you and your employees.
CIS
CIS registration is applicable to those of you who will be a subcontractor employer and is a simple and easy way to manage your subcontractor taxes and other HMRC requirements.
Other fees
If the number of transactions specified in the fee package is exceeded, we charge an extra fee of £ 25.00 / 50 per extra item. The extra fee will be charged during the preparation of the tax return after consultation with the client.
1 The annual fee must be paid during the current tax year, in monthly installments by Direct Debit, no later than the 10th day of each month. The number of installments and the amount of the monthly fee may vary depending on the remaining months up to the end of the tax year. For example, if you choose the monthly installment payment in April, the fee must be settled in 12 monthly equal installments by the end of the current tax year. However, if your payments starts in October, the fee must be paid over 6 months, in equal installments by the end of the current tax year at the latest.
2 Transactions are business related income or sales invoices.