Starting A New Business
Dream it.
It all begins with an idea. Maybe you want to turn a hobby into something more. Or maybe you have a creative project to share with the world. Whatever it is, we can help with the accounting, tax, VAT and payroll.
What do I need to do to start a new business?
Research similar businesses and the related industry sector.
Create a business plan, including a marketing strategy.
Choose a legal structure. (We can help)
Limited Company or Sole trader. HMRC don’t typically need to know until your sales exceed £1000 in a tax year.Create a system for keeping business records. (We can help)
Consider insurance.
● Directline
● GoCompare
● CompareTheMarket
3 Clicks with Dext!
Photograph all your receipts and invoices as you go with the Dext mobile app in two clicks. That’s it! Our software will not only backup your data should HMRC require it, but it will be used to create your accounts.
For digital receipts from sites such as eBay and Amazon simply forward the email to a secure custom email address we’ll create for you and then our team will do the rest. Should we need any further information, we will contact you.
Real time with Xero.
Online seller - Shopify
The mobile app displays all overdue payments both in and out of the business, bank balances, profit summaries and much more. It enables you to raise professional quotations and sales invoices on your mobile in minutes. Plus, customers are emailed a PDF invoice with your logo on it and they are given the option to pay you by credit card or PayPal.
Systems for retail shops
Consider a retail shop setup that links to your accounting system. Examples include PayPal Zettle, EPOS NOW and SumUp.
Consider using a market leader for online sales such as: Shopify, WooCommerce or Squarespace. These all integrates to many platform, most importantly the accounting system.
