Adam Accountants offers a variety of business services designed to help you develop and grow your business in the way that you see appropriate for your business. We will help you and work with you from the start to end, provide you with the best possible advice and services based on our experience and knowledge. We will take all the necessary time to understand and evaluate your business idea making sure to develop them into a viable business. What you need to do to set up depends on your type of business, where you work and whether you take people on to help.
Most businesses register as a sole trader, limited company or partnership.
> Sole traders
It’s simpler to set up as a sole trader, but you’re personally responsible for your business’s debts. You also have some accounting responsibilities. However if your turnover will be more than £25k a year then going as Ltd company will more tax efficient.
> Limited companies
If you form a limited company, its finances are separate from your personal finances, but there are more reporting and management responsibilities.
A partnership is the simplest way for 2 or more people to run a business together. You share responsibility for your business’s debts. You also have accounting responsibilities.
To discuss how Accountants in Slough can assist you with your Business start up, please contact us for a free, no obligation consultation on: 01753 373 505 or complete our Contact form and we will get back to you promptly.