If you decide you want to start a new business, you usually have a skill, product or service that you are passionate about. You want to offer this to other people and, more importantly, use this passion to earn a living.

If your business is successful, you are very likely to earn a lot more than you would if you were in employment. However, if you don't build the foundations of your business carefully, you could find that it doesn't live up to your vision for the future.

Starting a new business

Before you start, you need to find a good accountant, not someone that just submits your annual tax return. In the early stages of setting up your business, you need someone that will help you plan your finances and help you to understand how to manage your cash flow. And ensure you are compliant with regards to the HMRC.

We work with you to understand your business plan and help you make sure that you have everything in place before you get started.

Why choose Watson Knipe?

We want to help you find the most effective way to run your business with tax efficiency at the forefront of our minds.

Here are some of the ways we can help you start your business successfully:

• We consider your personal and business objectives to take a holistic approach.
• Advice on best company structure: sole trader, Limited Company or Partnership.
• If self-employed, we explain self-assessment and how to register with the HMRC.
• Advice on the best accounting software to help with record keeping.
• We offer advice on tax mitigation strategies, VAT, National Insurance Contributions.
• Develop a business plan to give you direction and robust financial forecasts.
• Advice on financial management, budgeting and developing cash flow forecasts.

We work with businesses based in Derby, Nottingham, Leicester and across the UK. If you are starting a new business and would like an initial consultation, please contact us by calling 01623 490 120 or email This email address is being protected from spambots. You need JavaScript enabled to view it..