Accounting for Startups

from as little as £20 per month

Life moves fast for startups. We can help you from day one, with unlimited advice from our startup accountants.

We can support your startup from company formation right through to adding payroll and pension services.

Included in the Accounting for Startups Package

Specialist Accounting for Startups

accounting for startupsOur expert startup accountants are always on hand to provide support tailored for startups, from answering questions on business expenses to proactive advice on getting the most out of your accounts.

Make us your business startup accountant and we’ll keep on top of all your finances, so you can concentrate on your new business. We’ll do everything for you, from all your bookkeeping to setting up your payroll – we’ve got your back.

We’ll also deal with HM Revenue & Customs (HMRC) and Companies House, so you don’t have to.

Why use Accounting Wise for your Startup Accounting?

At Accounting Wise we take care of all your startups accounting and taxation requirements for a monthly fee. We can offer many start up accounting services including help with registering the business and offer ongoing support and assistance going forward. We also regularly review your business to see whether it is operating in the most tax efficient way.

Unlimited Support

Startups tend to be small businesses and so need as much help as possible from their accountant. This is why our accounting for startups service offers unlimited help and advice throughout the year, included within the monthly payment.

Manage your startup accounts online

Our partners leading online accounting software helps you keep on top of your sole trader or limited company accounts and bookkeeping. Send invoices, record expenses and get a real-time view of your accounts – anytime, anywhere. Perfect method of accounting for startups.

Regular Monitoring

We monitor our startup clients on a regular basis to ensure that they are operating as tax efficiently as legally possible. With every piece of work that we do we look to make recommendations to improve your business. These recommendations could include tax efficiency suggestions, advice on how to better keep records or even suggestions of an insurance company that would be able to give you a better quote.

Support in Tax Inspections

Although tax inspections are rare, it is possible that you could be investigated at random. In the event of a HMRC investigation we would represent you at no extra cost. This would be included in your monthly fee. We would fight your corner and ensure that HMRC receive only the money they are due and not a penny more.

Bookkeeping

We can complete the bookkeeping for our clients or alternatively they can complete the bookkeeping themselves to keep costs to a minimum. We provide simple accounting software to startups clients which help them to keep their records properly and in a way that we can use their information to complete accounts.

Accounting for Startups: Tax Traps to Avoid!

Tax Penalties

As soon as you have set a start date, ensure that you notify HMRC of your intention to commence trading. Self-employed individuals, partnership businesses and limited companies face penalties for failure to notify HMRC that they are liable to tax. Our accounting for startups service will help you to avoid these.

VAT Penalties

Do not represent yourself as registered for VAT if you are not, as this is considered to be fraud. If you do register for VAT submit your returns and pay your dues on time to avoid late filing penalties, interest and surcharges.

Missing Invoices

Always obtain a proper invoice for any business purchase and a VAT invoice if you are registered for VAT. If you fail to do so, you may find that your claim for tax relief will be denied, as will your VAT reclaim.

Company Car

Whether you are self-employed, a member of a partnership or operating as a limited company, planning for the use of a car in your business needs to be thought through carefully. Self-employed individuals and partners will need to keep a log of business mileage to backup any claim for tax relief.

Limited company owners will need to compare whether the cost of using a car owned by the company will be more cost effective than using a privately owned vehicle for business purposes. The tax implications vary considerably depending on many factors, which is why a careful review should always be undertaken in order to minimise any tax charges and maximise any reliefs.

Reviews from google.com

    review rating 5  We have been using Accounting Wise since May 2016 and cannot fault attention to detail. Vending Sense Group Limited would recommend his services to anyone looking for a professional Accountant.

    thumb Sam Marra
    4/16/2018

    review rating 5  I have been using Accounting Wise for the past 3 years and have nothing but positive feedback. Ian is contactable at all hours and responds in a very fast manor. He takes time out to answer any queries and is very approachable and professional. Highly recommend!

    thumb Sinead Brophy
    6/22/2018

    review rating 5  Great accountant, the service was incredible highly recommend them.

    thumb Tanina Giannone
    3/16/2018

    review rating 5  They always looks after myself & my wife when it comes to tax time of the year. Highly recommend!

    thumb Stuart Mackay
    3/16/2018

Our Accreditation’s

You can feel safe in the knowledge that we are experts in our field.

Our accountants have a range of qualifications from the Association of Accounting Technicians (AAT), Association of Chartered Certified Accountants (ACCA) and the Institute of Chartered Accountants in England and Wales (ICAEW). We are also an Institute of Certified Practising Accountants (ICPA) accredited firm, and a HMRC registered Agent.