What do small business accountants in Surrey do?
Small business accounting services range from helping the company start up, all the way to acting as an outsourced finance department, dealing with the day to day financial running of the business and supporting the owners in their business goals. Additional services that an accountant can provide include bookkeeping, payroll, statutory company accounts, VAT returns and Corporation Tax, helping reduce the burden on the owner so they can solely concentrate on running and building the business.
Can an accountant in Surrey help me set up my small business?
They can also help you deal with all the ramifications that are incurred when setting up a business such as preparing relevant, legal documents that are required by HMRC and Companies House. They can also help you deal with all the ramifications that are incurred when setting up a business such as preparing relevant, legal documents that are required by HMRC and Companies House. As a new business, small business accountants can also help you set up online accounting software such as Xero, so that your company has an efficient start to life. It is important that your business is set up with the correct legal structure as it can be difficult to change once set up.
How do you finance a small business?
There are many different ways in which a small business can be financed, this can be through internal and or external sources. Internal sources include money put into the small business by the business owner and or his family and friends, this is one of the most common ways particularly for startups. As small businesses grow and become more successful they will be more able to rely on their retained earnings to finance. External sources of finance include bank loans and government grants and can be great ways of preserving your own resources whilst still enabling you to grow and expand. However, they can give rise to their own financial issues such as interest rates and repayment terms.
What is classed as a small business?
Small businesses are generally defined as having fewer than 50 employees and an annual turnover of under €10 million. The business structure could be a limited company, a sole trader or a partnership.