If you run your own business then you have the option of using an accountancy firm to manage the financial side or doing it yourself. Depending on how large your business is and how complicated may mean that you will struggle to do all the accounting yourself. You may have employees and therefore also have to manage payroll.
There are a huge number of bookkeepers and accountancy firms out there that will do as much or as little as you want them to do. You may wish to do all the accounting yourself but then have them audit you every few months to check that you are doing it correctly or you may ask them to manage the whole thing, so you literally send all your invoices to them for them to input. They can also manage VAT returns as well as personal tax and P11D’s. Obviously, the more work you ask them to do the more you will be charged, but this can often free you up to allow you to manage and run the business as you need to so can often pay for itself. Why not get a quote and find out what an accountancy firm can do for you?
Starting up a business can be stressful and you may worry about exactly how you go about it. You will want to know that you have all the legal requirements covered as well as your business strategy and marketing in place.
England has a very supportive environment for startups, with a flourishing wealth of networks, groups and organisations for all types and style of new business. There are many places you can go for help and advice and much of it is free, so before you go forking out a lot of money, see what information you can find yourself.
When it comes to marketing your startup business you need to have a clear plan of action. Unless you have a very large budget it is always worth starting small and then investing more into your marketing as you start to see a return on your investment.
If you think you will need a loan to get your startup business off the ground, then make sure you have a good business plan that you can take with you to apply for the money as this is definitely something they would want to see.