Your Business Startup Checklist

Are you forming a company or will you operate as being self employed? Starting a business can be overwhelming. Here are the many things to consider from an accounting perspective:

Limited Companies

  • Forming a Limited Company
  • The Law and Directors’ responsibilities
  • The Company Secretary
  • The Companies Act 2006: The missing links
  • Statutory records
  • Audit exemption
  • An introduction to Corporation Tax
  • Corporation Tax Self Assessment
  • Companies – Getting the timing right
  • Company Bonus or Dividend
  • How much dividend can I take?
  • Employee share schemes Personal service companies
  • Striking off
  • Managed service companies
  • Could you benefit from updating your Constitution?

Self Employment

  • Employed or self-employed?
  • An introduction to the tax system for the self-employed
  • Use of vehicle mileage rates for the self-employed

 

Now let's get down to the heart of the process:

Starting a Business

  • Executing the first steps
  • Managing Money
  • Tax and Tax Planning
  • Your business and the law
  • Growing your business
  • Your business vision
  • A Mission Statement
  • Writing a Business Plan
  • Which business structure?
  • Should you buy a Franchise?
  • Choosing a company year-end
  • Raising finance
  • Names, Trademarks, Patents and other Registrations
  • Building a brand
  • Premises and location
  • Working from home
  • Insuring your Business
  • Should you form a limited company?
  • Limited Liability Partnerships
  • More about Limited Liability Partnerships
  • Choosing your accounting date
  • Partnership agreements
  • Allowable expenses

 

You should pay attention to these as they are sometimes overlooked.

Managing Money:

  • Maintaining good financial control
  • Cash-flow management
  • Handling debtors
  • Borrowing and loans
  • Keeping financial records

Tax and tax planning:

  • Tax strategies and payments

Your business and the law:

  • Legal matters

Growing the business:

  • Taking on staff
  • Suppliers and purchasing
  • Stock control