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Starting up a new business?
Starting up a business is both exciting and terrifying. Naturally your focus is likely to be on the core business rather than your statutory responsibilities for both financial reporting and taxation. This is where Laceys Accountants can help you.
Limited company or sole trader?
Whether to set up a limited company or become a sole trader is a complex decision. A limited company generally offers the most tax efficient method for extracting profits, however it comes with additional legal responsibilities, that are not for everyone. We can show you the benefits of each structure and help you find the one that works for you.
Maintaining adequate records for your business is essential, regardless of its legal structure. Whether you want to have a go at doing your own book keeping, or would like to take up our accounting service, we can offer advice as to how to manage your finances and prepare them for growth.
Annual accounts and tax returns
If you decide on a limited company, you will be required to file annual accounts with Companies House. Laceys annual accounts service will take care of this for you, ensuring that your accounts are compliant with UK Generally Accepted Accounting Principles (GAAP) and Company law.
You will also be required to prepare tax computations and returns, for corporation tax, income tax, or both. Laceys can prepare and file these for you, ensuring that you pay the correct amount of tax and avoid any late filing penalties.
Managing your costs is essential at any stage of your business, but never more critical than at the start. We guarantee that our fees are fixed at the price quoted to you, so you will never have to worry about unexpected costs from Laceys.
Free business support and advice
Yes, it does say 'Free'! Not a word usually associated with accountants. As a new business owner there will be times when you just want someone to lend you an ear, or give you some honest advice. We care about your business and want you to succeed. So rest assured we do not charge for phone calls or meetings. We want to speak to you!