Most people start a business because they have a good business proposition and the enterprise and commitment to see it through. They don’t do it because they are experts in the legal, financial, and fiscal aspects of running a business.
These matters can seem daunting, and even off-putting, to the budding entrepreneur. The good news is that you do not need to be an expert in these fields to succeed in business. All you need is the support of a team of trained experts.
That’s where we fit in. Bring us your business ideas and we’ll help you to evaluate them in a constructive and realistic manner. We can also help you:
• Decide on the most suitable structure for your business – sole trader, partnership, or limited company
• Prepare a business plan, cash flow projections, budgets, and trading forecasts
• Assess your finance requirements, advise on the best sources of finance, and draw up the necessary proposals
• Establish a good working relationship with your bank
• Complete any registration procedures with Companies House, Inland Revenue, or Customs and Excise
• Deal with company secretarial issues
• Set up a recording system for your internal use which complies with statutory requirements
When starting out on a new enterprise you will have many questions and concerns.
We are here to help and guide you through the process.
We can assist and advise on a range of matters and issues such as:
- Where do you start?
- What style of trader should you be?
- Registering your business?
- VAT.
- How do you pay yourself?
- Tax and when it’s due?
- Funding.
- Business Plans and Forecasts.
- Record Keeping.
- Allowable Expenses.
- Setting up a business bank relationship.
We are sure you will have many other questions and we would be delighted to help you with a no-obligation free initial consultation.
A business generally needs some cash investment to start trading- you will often hear this called ‘working capital’.
Ideally, you should know how much cash your business is likely to need so that it is set up correctly and delivers the outcomes you seek.
You may be considering bank finance. At this stage, your chosen financier is likely to want to see your business plan and supporting forecast.
At Barrons, we know how daunting this can feel. Relax; we can help convert your idea to full business projections. This will assist banking negotiations and help find the right bank for you.
We are sure you will have many other questions and we would be delighted to help you with a no-obligation free initial consultation.
When you start a business many people and organisations want to know about you.
These include tax, VAT, other government authorities, and Companies House if you intend to trade as a limited company.
We are experienced in handling all such applications and advising you on your obligations, leaving you to focus on getting the business up and running.
We are sure you will have many other questions and we would be delighted to help you with a no-obligation free initial consultation.
Many people do not realise when opening an account that the bank needs to know what trading style you intend to operate with.
If you intend to work through a limited company then the bank will need full details of the company that has been set up before they can commence the opening procedure.
It is always best to have a clear understanding of the best operating option before you seek to set up business-banking arrangements.
At Barrons, we have helped many clients to select their best options including finding the right bank for them.
Come and have a chat with one of our experts who can point you in the right direction.
A great concern for the new business person is about the records they need to keep, as well as the skills they will need.
Relax – we can help from the outset and advise you, whether you want to control your records or would prefer someone else to.
We can set up a simple bookkeeping system to enable you to operate your books.
Or why not outsource everything to us? We can competitively maintain your bookkeeping records and prepare VAT Returns. We’ll provide you with simple feedback about how your business is developing whilst ensuring that you maximise opportunities to save money and tax.
Leaving you to place your efforts where they need to be – developing and growing your business.
We appreciate that setting up a new business is not just financially challenging, there are other considerations that may need some professional advice too.
For instance, you may be looking to take on a lease, employ staff, purchase an asset on finance and so on….
Over the years we have built links with a network of professionals who can help you. We know they deliver and understand the sort of support a new business owner needs.
We believe in working with other professional intermediaries to ensure that you get the best possible advice as and when you need it. Please ask us if you need a recommendation for another professional service.
So many trading styles and options – how do you choose?
Relax – just explain to us your outline plan and trading sector and we will run through your options and help select an appropriate trading style.
Planned properly, the choice made now could save many thousands of pounds of tax as well as protect you and your family’s future.
Talk to us…
Why Barrons
We have the people to advise you on each stage of your journey. From setting up to growing your business and achieving your goals!
We aim to use the latest technology, reducing the time spent on your accounts. This frees you up to work on your business or even gain some more ‘you time’!
Which cloud accounting
We do not believe in giving you one option of software. We partner with the leading providers and our experienced team will help you decide which is the best fit for you and your business.
Whichever software you choose, we will ensure you are given the tools and training to accurately record your accounts and understand how your business is performing.
Cloud accounting easily enables remote working, giving you access to your accounts from anywhere on any device. It also gives us access to work with you whenever you need us.
Our team will ensure you benefit from the cloud accounting tools that make your life easier. Here is a taste of what we can provide:
• Simple to produce quotes and invoices emailed to your customers
• Receipt capture – Upload bills and snap receipts from your phone
• Mileage trackers
• Stock control
• Tills to connect to your accounting system
• Endless apps to simplify your processes
Through the wealth of knowledge inherent in our in-house experts, we seek to provide a pathway to develop your newly formed business into the business of your dreams.
