Starting a new business is exciting but there is a lot to think about and many important decisions to make. That’s why it is important to have the right professional advice that will help you avoid costly mistakes and set you on the path to success.
A detailed business plan is essential and we can help make sure your plan provides you with a solid foundation. It sets out how you intend to run the business and demonstrates awareness of the market and what success will look like. A good business plan will also give confidence and clarity to potential lenders.
Cashflow is crucial for a healthy business. We can produce cashflow forecasts and budgets that will enable you to understand and predict the profitability of your business and to plan your borrowing requirements.
If you need money to get your business off the ground we can help you navigate the many options and find the solution that best suits your needs. As well as traditional bank lending there are numerous other routes to funding, such as grants, venture capital, private equity, angel investors and crowd-funding platforms.
How you structure your business is an important decision with taxation, legal and cost implications to consider. We can guide you through this process and help you choose the most appropriate structure – a limited company, limited liability partnership, partnership or sole trader.
Stay on top of your accounts by using our bookkeeping bureau service which will give you accurate, up-to-date information each month so you can run your business efficiently.
Solid annual accounts are the cornerstone of any business. They provide you with insight into the health of your company and help you plan for the future. Wise & Co can help you make sense of the numbers and advise you on using them to make informed business decisions.
Paying the right amount of tax is important, but so is making sure you don’t pay too much. We can make sure your business structure and personal tax arrangements work to your advantage while ensuring you have the plans in place to meet your obligations.
Making sure your business is compliant and meets its regulatory obligations is vital. VAT and PAYE can be complex, which is where Wise & Co can help, ensuring you stay on the right side of HMRC, avoid common pitfalls and penalties, and giving you peace of mind.
Reliable and secure technology is vital for most businesses, especially when it comes to important financial information. Accounting software can also take care of routine functions, saving you time and money. We have the expertise to help you make the right IT and software choices.