The Right Business Structure Is Essential
Have you decided how you want to set up your business….its not that easy.
A business can either be set up as a sole trader, partnership or limited company. Having the right business structure is essential and will determine the level of tax that you will have to pay. However, each type of structure has its own advantages and disadvantages and we can take your through each and help you decide on the right structure for you and your business.
Once you have decided on your business structure we can advise you on the following:
- Maintaining your records
- Compliance procedures with the HM Revenue & Customs
- How to set up your systems to account for VAT, PAYE and NI
- The level of working capital required