Starting your own business can be exciting and challenging in equal measure, but it’s important not to let enthusiasm blind you to the financial realities of keeping it up and running. PK Accounting Service was created to help start-up businesses get on with what they do best, while giving them all the great business and tax advice they need to succeed.
However great your business idea is, you will have to adhere to the laws governing all UK businesses: those concerning tax and payroll, for example. PK Accounting Service has been working with business start-ups, so we know exactly what will make your business a success.
We want to encourage entrepreneurs to follow their business dreams and will be with you every step of the way. Don’t let your product or idea fail because you haven’t thought the financials through PK Accounting Service will take all the hard work out of the money side of the business so you can focus all your energy on doing what you are best at.
Sole Trader or Limited Confused
It is so important that you are set up on the correct structure from day, whether it’s a limited company or a sole trader. When you get in touch with us, we will review your business idea, potential earnings, other sources of income and advise what structure is best for you.
Thereafter, we will ensure your books are ALWAYS up to date and you NEVER miss a
Unlike other accountants, when you join PK Accounting Service we will carry out full bookkeeping for you. This means that you can focus entirely on running your business.
We know that businesses can often miss out including small receipts and invoices which can cost them penalties as well as paying more taxes. This is why we think it’s so important for accountants to carry out the bookkeeping in addition to filing taxes and providing proactive advice.
So how can we help you get your new business of the ground?
PK Accounting Service will help you decide whether you want to work as a sole trader or set up a limited company. If you decide to set a limited company, we can do all the hard work of the company formation process, filling out and submitting the relevant documents to the Registrar of Companies
As your business grows and its income increases, you’ll have to start paying VAT. PK Accounting Service will help you choose the best method of paying VAT for your business.
As a sole trader or a director of a business, you’ll need to submit a Self-Assessment Tax Return each year PK Accounting Service will do all the hard work for you, and ensure your tax returns are always submitted and paid by the deadlines. Hiring employees – payroll administration as you grow and are able to hire employees, one of the necessary evils is payroll administration. It’s time consuming and distracts you from more productive activities, so PK Accounting Service can take the hard work out of your hands, doing things such as administrating PAYE, National Insurance, and statutory sick pay.
Other Accounting Services
- Ensure your new business meets all the demands of HMRC and Company House.
- Take care of simple day-to-day bookkeeping and payroll
- Prepare year-end accounts and Management Accounts
- Let you know when your Corporation Tax is due
- Ensure that your cash flow predictions are realistic
- Submission of Company’s confirmation Statement.
- Make you aware of any new tax legislation
- Deal with share allocation
- Help you grow your business from day one
Once your business is up and running, PK Accounting Service can help you develop an effective business plan, which will be crucial in securing bank funding. We will check you haven’t missed anything and enable you to formulate realistic cash flow projections and budgets.
One of the main advantages of our accountancy services is that we get to know your business well, so we can formulate a tailored package that suits your business and your budget. That way you only ever pay for the services you need.
Get in Touch for a FREE Consultation
Not sure if you need an accountant that specialises in helping Business start-ups, or if PK Accounting Service is the right accountancy for you?