Case Study 2
A local oil and gas consultant approached us about setting up a new business having recently been made redundant after many years in the industry. He explained that he had never been self-employed before and did not know how to set up a business.
At C I Accountancy we have worked with many start-up businesses and we are always happy to talk to anyone who is considering this as an option.
We can advise on the legal structure of the new business, HMRC requirements, VAT registration, banking options, bookkeeping, insurance needs and even provide help with sales and marketing!
The client was surprised that he could get so much help in one place and really appreciated the fact that he did not need to go “shopping around” and that all this was available in one place.
Initially trading as a sole trader, the business has grown and developed and, after further advice from us, has recently set up a Limited Company, partly to help minimise his tax liabilities. C I Accountancy has subsequently taken on the Directors personal tax returns, the Company VAT and Payroll requirements as well as the year end Accounts.
The business owner feels his business is well supported and has subsequently introduced a further 4 members of his family to us for tax advice.
Thinking about starting a new business? Come and have a chat – initial consultation is free with no obligation.