Launching a new business? Then we’re here to help!
Covid-19 has changed our corporate landscape forever. While some businesses have unfortunately failed, others have been adapting how they work or the products and services they provide. Some companies have gone online for the first time, while others are now making some of the new products which the pandemic has brought into our everyday lives, such as hand sanitising units and masks.
Added to this, many people who have held dreams of one day launching their own business have either found that redundancy has forced their hand or a few months spent at home has seen a hobby turn into a potential new enterprise.
At the same time, consumers it seems have become more supportive of small businesses. According to research conducted by Forrester Consulting on behalf of Xero, seven in ten consumers globally want to support their own local businesses by buying more goods or services from them during the pandemic,
Lockdown has seen communities pull together with acts of kindness and many small businesses have been at the heart of this spirit. The psychology behind the Eat Out to Help Out scheme not only stems from the public's appetite to save money but also their willingness to ‘do their bit' in supporting businesses.
Seven in 10 (66 per cent) shoppers globally said they actively want to buy more goods from small businesses in their local community as a result of the pandemic, while more than 41 per cent of UK consumers said they expect to spend more with them post-Covid.
If you’re thinking about launching a new business, then we’re here to help! Whether you’re a serial entrepreneur, setting up another new business venture, a non-dom that has moved to the UK to set up your first business here, fresh out of university with a bright idea or have simply decided that now is the time to launch your own business, then get in touch.
Setting up a business from scratch is hard work - we know, we’ve done it too! However, if you’re well advised, that can take away a lot of the headache. At Charter Tax, we can help you in all financial aspects of setting up a new business, including:
- Creating your business plan
- Working with you to define your shareholder expectations
- Forming your company
- Helping you with opening a bank account
- Registering with HMRC for VAT/payroll taxes etc
- Looking after your bookkeeping
- Preparation and submission of your VAT returns
- Looking after your employment taxes & payroll submissions
- Working with you to put the right financial systems in place
- Preparing your management accounts and reviewing these with you to give financial guidance
- Looking at tax efficient business profit extraction arrangements
- Preparing your annual accounts and corporation tax returns
If you’d like to discover more, call our Corporate team on tel: 01580 313108.
