Starting your own business

starting a business - guida accountancy

Taking A step into business?

There are many different reasons for starting your own business. It is a big decision to make, but once you have made it how do you set it all up? Turning your idea into a real business is the first step.

For most new business-owners the world of legal responsibility and accounting is a totally foreign concept, so it is vital to get the right help from the right people.

I have helped many new start-ups over my many years as a qualified accountant, and then I went and did it myself.

So I understand what it takes to get a business started, whether that is a full-time business or a side-hustle to begin with.

As an accountant that you can talk to, and who understands what it takes, the highs and the lows of business ownership, I will help you get things right from the start.

Starting a business - Guida Accountancy

Your Business Structure

As your business is being set up you have a few options for the legal structure that you use. Sole Trader, Partnership, Limited Company?

Which you choose is an important decision and there are a number of considerations – and not just tax.

I will discuss your business with you, as it is now and how you intend it to progress so that I can advise you on which set up is best for you. Of course what is right now may change in the future as your business grows and changes – but we’ll keep that in mind at all times.


Setting your business up

Once a structure has been agreed you need to set it in motion. There are a number of tasks to undertake and I will help you with all of these:

  • Register the business with HMRC and Companies House (if applicable)
  • Prepare a business plan (you should always have a plan), cashflow projections, budgets and forecasts
  • Consider what financing will be required and what will be the best source
  • Set up banking arrangements
  • Set up a bookkeeping system, either internal or external
  • Deal with Company Secretarial issues if applicable
  • HMRC provide some guidance on business start-ups which you can access by clicking here
Starting a business | Guida Accountancy

A helping hand

New business owners need support. No matter if that is help in making a business decision, big or small, or just a friendly chat, I will be on hand. Having support makes a big difference and providing that support is all part of my service.

Of course, you may need help or advice on other areas, so I have established a network of professionals that I know provide the level of service and advice that I would expect.


Resources to help you and your business

Starting a business - Business and personal accountants in Essex
Starting a business

Resources to help get your business idea off the ground and through that testing first year.



I aim to be as transparent as possible with my fees. Therefore, I have developed a standard pricing schedule for the type and size of businesses. Please click on the link below to view.

A helping hand to set your business dream on the right path

John Lawrence | member of Institute of Chartered Accountants England and Wales | Guida Accountancy business and personal accountants in essex