We're experts in setting up a new business, and with Whitehill in your corner, you can forget about the headaches of company formation, bookkeeping, taxes and accounts.
To give you the best possible start, choose which option best fits your situation from those shown below, have a look at typical packages and prices, or contact us to get a package tailored to your needs.
Whatever your situation, our business startup package will ensure you get the best possible start.
We'll take care of all your bookkeeping and accounting needs, with access to your accounts 24/7 and your own named lead bookkeeper available to talk through any concerns. Contact us to get started.
If you are thinking of moving from permanent employment to contracting or freelancing, you may want to stop for a moment and consider your options....but if you just want to get your bookkeeping and accounts sorted, go straight to our specialised contractor service, which is tailored to your needs.
Not sure what you need? Read on....
There are quite a few reasons why you may be considering giving up paid employment and becoming a contractor or freelancer. You may have retired but be invited back on a contract to complete some specific work. You may want the freedom which comes with picking your own jobs. Whatever the reason, it's important to set things up well as you start.
There are only two real options for contractors:
Contracting through your own limited company does take a little more work than using an umbrella company. We will need to form a Company for you, and you'll need to open a bank account and link it to the accounting package. You'll also need toraisie invoices to get income and send us details of expenditure using an app, email or post. Finally, you'll need to sign off accounts and tax returns from time to time as we request.
Typically, estimates suggest that you will take home more of your contracted income by working through your own limited company.
Here are a few of the benefits of contracting through your own limited company:
And what are the downsides?
We can only find one; there's a certain amount of paperwork and using your accounting package involved.
It may be a dream you've always had, or you might want to ensure you're benefitting from your creativity and drive. Whatever the reason, we're here to help. At Whitehill we provide all our clients with pro-active bookkeeping and accountancy services. We use the most advanced cloud-based technology and combine it with a personal bookkeeper for small businesses.
All this for a fixed fee of £120 plus VAT per month. Our all inclusive package includes:
Contact us by phone or email, and we'll give you a specific price to meet your needs. Once you have the price, you can appoint Whitehill straight away - and never worry about your tax or accountancy affairs again!
And if you want to start a business but aren't sure where to start, here's some practical advice to help you get under way.
There's lots of advice around, and we're sure you'll get plenty! Based on our experience, here's our top 7 things to do before you start trading with your new business....
- Jeanne A. Estes
1. Choose a business structure.
Are you going to be a sole trader, in a partnership, a charity, or a limited company? You'll need to decide what business structure you adopt early on, and once you'd decided, get in touch. Wecan help with the formation of a limited company or charity if that's what you need. And of course we can ensure you register with HMRC for the relevant taxes.
2. Market research
Thoroughly research your market to assess the viability of your business idea. Talk to possible customers, look online and make sure you're confident there's a market for your product or service offering.
3. Write a compelling business plan
Writing a business plan is essential, for you as much as anyone else. This will help you to be clear about where you're hoping to take the business, and when. You'll also be able to identify targets along the way, so you have some key indicators of success to monitor. You may also need to show this business plan to potential investors and your bank.
4. Think about your branding
Believe it or not, a business’ name, logo and business cards can be the difference between failure and success. Make sure yours reflect the image and value proposition you've defined for your business.
5. Set up a website
Most people now turn to online search first when they're looking for a supplier. Whether you're planning to sell online or just to maintain a presence for local search, get a relevant a domain name and well-designed website for your business. Whitehill Business Services offer complete packages from £100.
6. Open a business bank account
It's often tempting just to use your personal account, but it will be a lot easier to generate an annual report and accounts, a self assessment tax forms and other legally required returns to HMRC and others if you have a separate business bank account from the first day your business starts to trade.
7. Get your head around your start-up’s finances
Get a basic accounting package and someone to help you get your head around bookkeeping and cashflow issues. Contact us by phone or email, and we'll give you a specific price to meet your needs. Once you have the price, you can appoint Whitehill straight away - and never worry about your tax or accountancy affairs again!
If you're already a Company Director, you'll be aware of the benefits of focusing a new business on what it needs to achieve to succeed. We can offer a complete service from creating the company, registering with HMRC and setting up a chart of accounts. On an ongoing basis we'll make sure all your bookkeeping and accounting is taken care of, and as the business grows, so our support will.
Our business startup package is based on the Quickbooks Online cloud accounting package, together with a small number of apps which work with Quickbooks. We also include a full Registered Address service so there's no need to use a home address for Companies House and HMRC. As your authorised agent we'll deal with all aspects of communications with HMRC, including payroll, VAT, Corporation Tax and any queries associated with these.
► New company formation and registration with HMRC for taxes (if required)
► Quickbooks Online software with free updates, support and backups
► Chart of accounts set up relevant to your sector
► Full training via video
► Gathering, storage and processing of bills, receipts & invoices*
► Self Assessment tax return
► Annual report and accounts preparation and filing
► Corporation tax calculation and filing
► Registered office and annual return
► Monthly payroll for one Director
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