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  • info@ascotaccountancy.com

Starting A Business

Service Overview


We, at Ascot Accountancy have a global approach for a comprehensive job from the company set up to arrange funds and advice on day-to-day running of business. We welcome people who are about to start in business, or those with new businesses. We would be delighted to assist with the preparation of your business plan, and to help you choose the best structure for your business. We can also help you with raising finance for all aspects of your business. We can help you from day one by looking at your cash flow position, which is one of the most important factors for any new business; by helping you to find the best bookkeeping system for your business and by discussing your options for the best tax savings available.
If you are about to launch your business as a sole trader, partnership or limited company there are various business factors to consider. We want you to focus on what you do best - building your business - while we provide all the necessary background support.
Here are just a few of the ways we can help you get started:
• Preparing a comprehensive business plan
• Determining the best structure of your business: sole trader, partnership, limited liability partnership, or limited company
• Where appropriate, assisting with company formation and company secretarial duties
• Registering your new business with the HMRC
• Establishing relationships with banks, insurers, etc
• Preparing cashflow projections and assessing finance needs
• Preparing and submitting finance applications
• General bookkeeping, VAT, and payroll duties
• Tax planning
• Management accounts
• Annual accounts

Business Planning

It is often said that, "Failing to plan is planning to fail."
As a business owner you have no doubt been reminded on more than one occasion of the importance of business planning. And no doubt you agree that planning is important.
And yet in all probability you rarely seem to find the time to sit down and develop strategic plans but end up flying by the seat of your pants, trusting your intuitions and relying on snap judgments rather than adhering to a pre-arranged strategy.
Not that we would deprecate such intuitions. Experience has taught us that it is precisely this 'sixth sense' that many business owners and managers seem to possess that is the driving forces behind entrepreneurship - and we have learned to take it seriously.
But the planning is important. Without sound analysis, clear projections, and well-thought out contingencies, businesses tend to become hostages to fortune.
Proactive management is replaced by reactive coping, and instead of following a well-thought-out plan, owners and managers are reduced to responding to unforeseen events, or trying to catch up on missed opportunities.
This is why we encourage our clients to schedule regular planning sessions. Business plans are also regularly needed to support finance applications, especially bank lending.