New Start Ups
The four main reasons for business failure are:
- Cash flow problems
- Insufficient finance
- Inadequate financial planning
- Poor control systems.
At Root Accountants we will help you to consider, plan, and deal with, the following areas of your business:
- Accounting records and preparation
- Management accounts
- Remuneration planning
- Preparing and monitoring cash flow projections
- Taxation Planning
- VAT and Payroll.
How we can help
Working for yourself can be very rewarding and, in many cases, highly profitable too. It's a chance to do something that really interests you in a way that can fit in with your lifestyle and commitments. That's not to say that it is an easy option!
New business start-ups are notoriously fickle and many end in failure. You could end up working ridiculously long hours, dealing with all the red tape, and investing a lot of money, only for the business to fail in the end.
Fortunately, when it comes to starting your own business, there’s plenty of help and advice to help you avoid this. And Root Accountants are part of that success framework. Our Business Start Up Services include:
Advice and assistance on what and how you draw money from your business, ensuring you are aware of VAT and PAYE financial obligations. We help you to take control of your new business.
As a new start up advances it will go through growing pains. We are experienced in the day to day financial needs of a business and can guide you through this period.
From day one you need to ensure you are complying with many financial areas, from cash flow to payroll. We can provide the expert back-up you need.
With any new business it is important to understand your tax commitments. We can handle all the legal requirements and payment planning for personal and business tax.