I’m a start-up

Starting up a new business can be just as exciting as it can be scary and daunting. Here at Fletcher Thompson, we get excited about new businesses.

Accountancy For Start up Businesses

We understand that often when you start a new business, you are following your dream, so the last thing you want is to be worrying about a little bit of paperwork involved in the process.

“Should I trade through a limited company?”
“Should I be VAT registered?”
“Do I have to have my new company’s registered office at home?”
“Who do I have to register my new business with?”
“Do I need a separate business bank account?”

These are just a handful of the many questions that will be going through your mind.

Everyone’s business and personal circumstances are different and what’s right for one may not be suitable for someone else, so you need impartial advice on what’s right for you and your new business.

Why not arrange a free initial no-obligation consultation to come and talk to us but your new business and help you decide what’s right for you?

Stuck? Click the ‘I’m Still confused’ button for further assistance.

Do I need to be VAT registered?

You may be required by HMRC to be value added tax (VAT) registered if your income exceeds the VAT registration threshold, or maybe your business would benefit from being VAT registered even if you do not have to.

If you need or decide to be VAT registered, we can advise you on the right VAT scheme to be on and register your business for you. Get in touch if you would like further information on how we could help you.

How should I structure my business?

If you are starting your own business, you have enough to think about without worrying about the many technical aspects, such as whether to become a sole trader or a limited company. Which is where we come in. We can advise you on the best way to structure your new business and how it will benefit you.

Get in touch if you would like further information on how we could help you.

What software do you suggest?

Looking for the right accounting software can be tricky; how will you know which solution will benefit you the most?

The pending introduction of Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA) means that any software you use, will need to be MTD compatible.

Legislation had been in place to bring MTD for ITSA into force from April 2024, however, the start date has since been pushed back to 2026. This date may seem far away but it will soon be here, which is why it is good to be prepared and confident with using MTD compatible software.

At Fletcher Thompson, we are experts in advising the best solution for you and your business. Get in touch if you would like further information on how we could help you choose the best suited software for your needs and for the new legislation.

How can you help if I get a tax enquiry?

Life is full of unexpected surprises; some of them are not as good as others. HMRC have the right to visit businesses and inspect records at random, and the likelihood of enquiries into a taxpayer’s affairs appears to be on the increase. The professional fees in dealing with such enquiries can often be costly, so it is advisable to subscribe to a tax protection service, which will fund these fees in the event of an enquiry or visit.

Get in touch if you would like further information on how we could help you.

Fee Protection Service >>

I’d like to request a New Business Kit

Our new business kit is designed to be a complete and up to date guide to setting up, establishing and maintaining your new business. Including selecting a legal entity, registering with authorities and tax.

Click here to contact us and we will send you a new business kit and checklist to help ensure we have it all covered and to allow us to be your future point of contact.

Still confused? Let’s talk!

At Fletcher Thompson we are committed to providing a friendly and helpful service, and we understand that the processes that we carry out day-to-day can often be complex, confusing and abundant. That is why it’s great to know that you have access to an expert, friendly and proficient team. Call us and you will always speak to a human being.

Book Your Discovery Meeting

If you are a looking for a friendly, approachable and professional accountancy practice, you have come to the right place.

Whether it’s tax planning services, business services, payroll, bookkeeping or management accounts, we have the specialist expertise to meet your needs.

Our friendly team are ready to tailor our services around you to ensure that you focus on the things that really matter, whether you are an individual, sole trader or an owner-managed business.

Contact us to see if we can help.