Starting your business on the right track

11/Dec/2018

Starting your own business can be an exciting but daunting prospect – in addition to compliance requirements, decisions around structure and strategy can feel like a leap into the unknown.

On the other hand life as an entrepreneur can be hugely rewarding from a number of perspectives, but getting the basics right from the outset is key.

Getting the right support in place will pay dividends both in the short term and as you grow your business

Our friendly team of start-up experts here at DSA Prospect have been helping people take that plunge for over a decade, the majority we continue to work with following evolution into established, successful businesses.

“From the outset the support DSA Prospect have provided has been exceptional. From VAT, CIS and self assessment, their guidance has allowed me to focus on running my business with minimal hassle. As the business begins its next chapter by incorporating, we’re delighted to have their team on side to help us take that step.”
- R Grayburn, owner of Grayburn Carpentry

 

What you need to consider when starting your own business

In guiding you through this process, we work closely with you and consider initial matters such as:

  • Incorporation vs self-employment
  • Shareholding or partnership structuring
  • Self assessment obligations
  • Indirect taxation (VAT & CIS)
  • Employment and payroll
  • Invoicing, cashflow and banking
  • Record-keeping and bookkeeping

If you’re thinking of starting a business, don’t let perceived barriers and scare-stories put you off – let us guide you through the process in a straightforward and structured way so your business hits the ground running.