UHY Ross Brooke Chartered Accountants

How to set up a successful business in the UK

tax accountant

Are you looking to set up a business in the UK? Achieving entrepreneurial success hinges on making informed financial decisions and staying compliant with tax regulations. Let us guide you through some essential steps and offer invaluable expertise from our specialist Accountants and Tax Advisors.

Optimal Legal Structure Selection

Choosing the right legal structure is critical in maximizing your business’s advantages and minimizing risks. Your options are to be a sole trader, partnership, or limited company setup and as you grow, this may evolve. You should assess your circumstances and ensure that you make an informed decision that aligns with your long-term goals. Navigating the intricacies of business registration can be daunting, but we can take that worry away and register it for you quickly and easily, ensuring that your business meets all legal requirements.

Tax Optimization and Incentives

The world of taxation is ever-changing, but taxation is what we excel at. There may be tax-saving opportunities and incentives that your business may qualify for and we can identify these with you. Through our proactive approach, we aim to minimize your tax burden while staying fully compliant with all regulations.

VAT Registration and Compliance

Should your business meet the VAT threshold, we can guide you through the complexities of VAT registration and compliance. We ensure your business adheres to VAT regulations and that you file your returns on time. We’ll help you to avoid potential pitfalls and penalties that could hamper your growth. Even if your business does not meet the VAT threshold, there may be good reasons for voluntarily registering for VAT. It’s knowledge and guidance like this that sets us apart.

Payroll Setup and Employment Compliance

When you decide to expand your team, it’s a great idea to outsource your payroll and remove the worry of getting your employee tax, NICs and pension contributions wrong. Our outsourcing team are friendly and proactive and great value for money.

R&D, Patents and Intellectual Property

Did you know that you may be able to get tax-breaks for R&D? Our R&D tax advisors and grant audit specialists are well-versed in schemes such as grants and patent box and can help you get the most financial help towards your new innovations.

Personalized Support and Ongoing Advisory

We don’t just stop at setting up your business; we walk with you every step of the way. Our team provides ongoing support, proactive advice, and regular financial health checks to keep your business on the path to prosperity.

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Next steps

Together, we’ll build a strong foundation for your business. Get in touch with us today, and we can be your partner.

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Newbury: 01635 555666
Abingdon: 01235 251252
Swindon: 01793 610008
Hungerford: 01488 682546