We have put together start-up services that cover everything from the inception of the idea through to the launch of the business and ongoing support. We start by inviting you to a free initial meeting whereby we discuss what your idea is and how we can tailor this package to suit your needs and budget.
The full package will start by discussing the idea, the pricing models and all the initial considerations that a start-up business should consider. We then develop the idea and put together a financial business plan where we can determine the level of investment required and project a minimum of 12 months post launch.
Once the plan is put together we can assess the expected level of profits and determine the business structure, going through your options of whether you should incorporate a limited company or run as a sole trader or partnership, explaining the tax implications of each scenario.
We can assess whether you will need any start-up funding such as business loans and assist you with any application required.
Once you have the funding and your plan in place, you will be able to launch your business idea but our help doesn’t stop there!
One of the most important things about a start-up business is monitoring your progress and adapting your business model for when things work or don’t work. In our planning exercise we will put together key performance indicators and profit and loss expectations, then post-launch we have to monitor the actual results against what was projected and adapt the business plan accordingly.
We can provide bookkeeping training to ensure that you continue to keep accurate records to monitor your progress or we can provide the service for you. It is also important to plan for tax bills in advance in order to ensure that you are keeping enough cash in the business to fulfil those obligations.
We understand that starting a new business venture can be a scary prospect for some as whilst you may know your trade exceptionally well, the financial side may be overwhelming. We work with you to tailor this start-up services package for what you need, when you need it, and within your budget.
What our clients say
« Bracey’s have provided us with a whole host of advice – personal tax, PAYE, R&D claims, Corporation Tax, payroll & pensions. As with a lot of businesses, we have randomly been selected for a VAT enquiry from HMRC. This can be quite a daunting occasion for a small business but the team from Bracey’s attended our offices to offer HMRC any information they needed and they conducted themselves in a capable, unfazed manner «
« Bracey’s have dealt with a number of areas as part of my tax return including foreign exchange income, online sales, buy to let income, VAT registration, advice regarding companies house and everything else in between. Nothing has been too much trouble or too complicated. «
« Bracey’s have been instrumental in streamlining my invoicing procedure, they are speedy with their responses, friendly and always extremely patient; which if you knew me, is really needed! Braceys have provided me with accounts/tax/invoicing and all the usual; but on top of this, advice on a whole manner of situations that arise in my business. «