Accounting for Startups
Your own dedicated start up accountant
All returns and filing included
Unlimited help and advice
Leading cloud accounting software
Real-Time Bookkeeping
Reminders – never miss a deadline
Why use Accounting Wise for your Startup Accounting?
Your Own Dedicated Startup Accountant
When you join us, you will receive your very own dedicated startup accountant. Our fully qualified and friendly team will be on hand to help you throughout the year for all your financial queries.
Leading Accounting Software
You are provided with leading accounting software which will help reduce the time it takes to – provide quotes and invoices to customers, chase payments, and monitor outstanding balances.
Tailored Startup Company Accounting Services
Tax & Accounting packages tailored to suit your business. We are always straightforward in our services & pricing. We take care of your accounting and let you get on with making your business a success.
Unlimited
Expert Advice
Your dedicated startup accountant will always be on hand to answer any questions about your small business. You can contact them via email, phone, live chat, Microsoft Teams or meet them in person.
Regular Deadline
Reminders
We send regular automated reminders to inform you of when your accounts and returns are due to be submitted, helping to ensure you never miss a deadline for your small business again.
We currently support over 2,000 individuals and businesses in the UK
Get started with the right Start Up accounting solution for your business
Included in our Start Up Accounting Packages
Get started with the right Accounting for Startups solution for you
Our Accredited Accountants
You can feel safe in the knowledge that we are experts in our field.
Our online 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.
Get started with the right accounting solution for your business
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.
