New Businesses
Getting the right start for your new business
Deciding whether to be a sole trader, partnership or limited company? Easy Accounting Solutions can help you decide which is best for your business.
Developing a Business Plan
Areas that need to be covered are setting out business objectives, SWOT Analysis (strengths, weaknesses, opportunities and threats), experience brought to the business, marketing strategy, cashflow forecast showing expected turnover/income and profit for the next 3 years and Initial Start-Up cost statement showing investment in business assets.
Expected turnover and VAT implications
If your trade is exempt of VAT or you are unlikely to hit the VAT threshold (£70,000 turnover from 06.04.2010) in your first year, then you do not need to worry about VAT. If your projected turnover will exceed this threshold then we can help in registering your company for VAT and calculate this for your business on a monthly or quarterly basis as required.
Employing staff
We can discuss employment issues for your business and set you up to provide payroll services yourself. Alternatively we also provide the outsourcing of payroll services for a variety of small businesses and Start-Ups. Please click on the outsourcing tab for more details.
Easy Accounting Solutions can help
We advise businesses to maximise their future chances of success, and can assist in preparation of your business plan, and to help you choose the best structure for your business.
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Business Health Check Report
From £145 we would consult with your business for one hour and discuss your position, income and outgoings, marketing strategies in place, and tax savings not utilised. We would need key financial documents for example, profit and loss and balance sheet. Between us we would also decide upon one area you would like a key performance indicator report/cost accounting report carried out. An example of this may be a report on lost revenue due to idle time on labour/machinery in your business. We would also work through a SWOT analysis with you (Strengths, Weaknesses, Opportunities and Threats).
This information would then be incorporated into the health check report, which will help to enable management to focus effort and resources, enabling decisions. It will also be a framework for ongoing progress review, establishing measures to gauge future performance on.
Business types that can benefit
• Early-stage businesses to plan for and deliver value-added growth
• Established businesses to extract maximum value from existing activities
• Mature businesses to rejuvenate and deliver additional growth
• All businesses to identify priorities for improvement
• All businesses to secure growth for the future
• Investors to make informed decisions based on all aspects of the business
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Other areas
We can also consult on the following areas.
• Self Assessment advice
• Limited Company vs Sole Trader status
• Management Accounting, Financial & Cost Accounting
• General Accounting, Bookkeeping, Staff & software training & bespoke spreadsheet design
• Forecasting & Budgeting
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