Business Start Up
By consulting us as soon as you decide to set up your own business we can give you professional advice on raising finance, producing a business plan, accounting systems and discuss the most appropriate, tax efficient business format:
- Sole trader: suitable for very small businesses and the self-employed – although you remain personally liable for any business debts.
- Partnerships: suitable for husband and wife teams, family businesses. Partners are `jointly and several liable` for all partnership debts.
- Limited Liability Partnerships: are an alternative corporate business vehicle that gives the benefits of limited liability but allows its members the flexibility of organising their internal structure as a traditional partnership.
- Limited companies: are currently the most tax efficient vehicle, due to low corporation tax rates, and offer limited liability for business debts. At Chris Skarparis & Co we can help you with company formation and the preparation of statutory accounts, leaving you with substantial tax savings.
Which is the best structure for your business will depend upon many factors – speak to us first and we can help you reach an informed decision.
Whether you operate as a sole trader, partnership or a limited company producing annual accounts is a legal and statutory requirement.
We will prepare your annual accounts on receipt of your financial records and provide you with accounting support throughout the year. If you need help with financial record keeping ask about our bookkeeping service.
We can also prepare quarterly management accounts, helping you monitor and manage more efficiently the performance of your business throughout the financial year. Some lenders may require quarterly management accounts as a condition of providing finance.
Computerised Accounting System Implementation and Support
As members of the Sage Accountants Club we can convert your existing accounting system into Sage Line 50 – one of the leading accounting packages.
Clients can benefit from the many new features in Sage Line 50 which save time by streamlining systems and giving you improved control of your business. An integrated business system, features include: company archiving, rapid task based navigation, display and analysis of management information from your accounts, report production, profitability analysis, debt analysis, automatic purchase order generation, error corrections, invoice templates and document production.
At Chris Skarparis & Co, we can help you install and operate the system, and customise it to your individual business needs.
Expert in the operation of all major accounting software, including Pegasus Opera and Quick Books, we will advise you on the most appropriate software for your needs.
A full bookkeeping service throughout the year is available to all our clients. By asking us to take care of all your bookkeeping requirements, you will be free to concentrate on running your business.
Leave yourself free to concentrate on your business by taking advantage of our Sage payroll service for all your employees, this includes payroll calculation, preparation of pay slips, Real Time Information (RTI) monthly submissions returns and registration of new employees. Let us take care of your payroll and lessen your worries about a PAYE Inspection.
We can deal with all your VAT affairs, including preparation and submission to HM Customs & Excise of quarterly VAT Returns. By helping you avoid penalties for late submission of VAT Returns and ensuring you are paying the correct amount of VAT – could mean a reduced VAT bill. As part of this service we will also advise on the most appropriate VAT Scheme for your business and the VAT implications of any major transactions which your business conducts – such as transfers of property or purchase of equipment.