Start-up Busineses

Rosemoore + Co was established to help start-up businesses get on with what they do best, while giving them all the great business and tax advice they need to succeed.

As a start-up business, in order to have the best chance of growing your business and becoming a success, you’ll need the best possible business and tax advice.

When you join us, we will help you with a free company setup to get you started and provide you with a software so that you can keep a track of your performance which is critical in the early years for a start-up.

How to Set up and Register Your Business

In order to start a business you need to make sure you are registered with the right people before you can start trading. The rules are slightly different depending on whether you are a sole trader or starting a limited company.

Choosing a Business Structure

There are different types of business structure and choosing the right structure is very crucial for your business. At Rosemoore + Co we can help you with your decision and tax planning.

There are a range of options available. 

• Sole Trader
• Limited Company
• Partnership
• Limited Liability Partnership

Choosing either one of these would have an effect on the financial and legal side of the business in the future.

It is important that you choose the right legal structure for your business. Choosing the correct business structure will play an important part as how your business is perceived and also may affect your legal responsibilities and tax implications.

VAT Registration

Whether you choose to trade as a sole trader, partnership or a limited company, if you expect your business turnover to exceed the current tax year (2023/2024) threshold of £85,000 and you are making taxable supplies then you must register with HMRC.

You can also choose to register voluntarily if your turnover is below compulsory registration threshold.

Choosing a Business Name

Choosing the right name for your business is essential as the name can say a lot about your business and what you operate in. Choosing the correct name at the start of the business is vital as changing a name at a later stage could affect the operating of your business and would be costly.

• Check your chosen name with Companies House, if you wish to trade as a limited company, to make sure it’s unique within your chosen business sector.
• Check other meanings of the name you intend to use, particularly if you will be trading overseas. An embarrassing translation could cost you international business.

We can help you with your bank account with our partner bank which will allow you to open a business bank account. 

Company Formations & HMRC Registrations

We can register a Limited Company, if you decide to trade through a company, and make the relevant registrations with HMRC.

Bookkeeping and Accountancy

Keeping the correct financial records is an important part of operating any business. The exact type of accounting records is dependent on the businesses legal structure. Keeping up-to-date financial records will help you stay up-to-date with HMRC and will also:

• Provide useful insight into how your business is performing,
• Help you to maintain a healthy cash flow 
• Give you an early warning if certain issues need addressing.

We will look after all your accounting and tax affairs which allow you to focus more on your business. Having an accountant rather than employing a part-time or full-time bookkeeper will also be cost effective.

Record Keeping : How to keep records

Year End Accounts

We use up to date accounting software to prepare your annual accounts.  We will ensure your annual accounts are prepared in accordance with accounting standards and company law.  We will also ensure that in preparing your year end annual accounts that you claim the allowances and reliefs that you are entitled to for your type of business.

Whether you are a sole trader, partnership or limited company letting us prepare your annual accounts will relieve you of what can be a very stressful and time consuming exercise.

Raising Finance

If you need to raise capital for your new business venture, we can assist you in finding the credit options available to you. We specialise in being able to use our extensive network of contacts to put you in touch with the right people.