Business Start-ups

Starting your own business can be exciting and challenging in equal measure, but it’s important not to let enthusiasm blind you to the financial realities of keeping it up and running.

However great your business idea is, you will have to adhere to the laws governing all UK businesses: those concerning tax and payroll, for example. RBS Chartered Accountants has been working with business start-ups for more than 40 years, so we know exactly what will make your business a success.

We want to encourage entrepreneurs to follow their business dreams and will be with you every step of the way. Don’t let your product or idea fail because you haven’t thought the financials through. Our team of London-based chartered accountants will take all the hard work out of the money side of the business so you can focus all your energy on doing what you are best at.

So how can we help you get your new business of the ground?

RBS Chartered Accountants will:

  • Help you decide whether to become a Limited Company (Ltd), a Limited Liability Partnership (LLP), a sole trader or a partnership
  • Look over all the figures you have put together to check that they add up
  • Take care of simple day-to-day bookkeeping and payroll
  • Ensure your new business meets all the demands of HMRC
  • Let you know when your Corporation Tax is due
  • Handle self-assessment tax returns and tell you whether you need to register for VAT
  • Ensure that your cash flow predictions are realistic
  • Prepare year-end accounts
  • Make you aware of any new tax legislation
  • Advise you on setting up franchises
  • Deal with share allocation
  • Help you grow your business from day one

Once your business is up and running, RBS Chartered Accountants can help you develop an effective business plan, which will be crucial in securing bank funding. We will check you haven’t missed anything and enable you to formulate realistic cash flow projections and budgets.

One of the main advantages of our accountancy services is that we get to know your business well, so we can formulate a tailored package that suits your business and your budget. That way you only ever pay for the services you need.

Phil received a recommendation for RBS Chartered Accountants when he was setting up his first consultancy business. This is what he had to say about the service he received from us: "RBSCA guys always have time for you... it's not just about accountancy services, but they give attention to detail and share their thoughts with clients."