Most people starting up in business do so because they have a good business proposition and the enterprise and commitment to see it through.
Most however, are not experts in the legal and financial aspects of running a business, and such matters can appear daunting. Fortunately, you do not need to be an expert in these fields to succeed in business, as this is where we come in!
Just bring us your new business idea,s and we will help you to make them a reality!
Our business advisor will help you to:
- decide on the most suitable structure for your new business – sole trader, partnership, limited liability partnership or limited company
- Assess the finance requirements, advise on the best sources of finance and draw up the necessary proposals
- Complete any registration procedures with Companies House and HMRC
- deal with company secretarial issues
- Set up a recording system for your internal use and to comply with statutory requirements
- decide on what computer hardware to buy and help with the installation of the accountancy software
- keep on top of bookkeeping, VAT, payroll and other accounting requirements and
- help with all aspects of business compliance and administration
Frequently Asked Questions
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What business start-up support does MW Accountancy provide?
MW Accountancy's business advisor helps with choosing the right business structure, assessing finance requirements, completing Companies House and HMRC registration, setting up internal recording systems, and managing ongoing bookkeeping, VAT, payroll, and compliance from day one.
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What business structure should I choose when starting up?
The right structure depends on your circumstances, and MW Accountancy's business advisor will help you decide between a sole trader, partnership, limited liability partnership, or limited company based on your specific plans and finances.
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Do I need to register my business with Companies House and HMRC?
Yes, most new businesses need to complete registration procedures with Companies House and HMRC, and MW Accountancy handles this process for clients as part of its business start-up service.
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Can MW Accountancy help me find the right finance for my new business?
Yes, the business advisor assesses your finance requirements, advises on the best sources of finance available, and helps draw up the necessary proposals to support your application.
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Do I need accounting experience to start a business?
No, MW Accountancy's business start-up service is designed specifically for entrepreneurs who aren't experts in legal or financial matters, handling the technical and compliance side so you can focus on your business idea.
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What accounting software and systems does MW Accountancy help set up?
The team advises on suitable computer hardware and helps install and set up accountancy software, alongside establishing a recording system that meets your internal needs and statutory requirements.
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Does business start-up support continue after the initial setup?
Yes, ongoing support covers bookkeeping, VAT, payroll, and other accounting requirements, along with broader business compliance and administration, as your business moves beyond the initial start-up phase.
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