Business Start-Up Advice – Accountancy Support Services and Help with Starting a New Business
From assisting you with strategic planning and company set-up, including VAT and payroll, through to ongoing performance reviews and completing your first year end accounts, Adams Moore can be on hand guide you through your first year of trading, and beyond. While we offer ad-hoc support for fledgling companies of all sizes, our most popular start-up service is our 'Business Start' fixed-fee package for year one. If you choose this option, we will not only give you the help, encouragement and confidence to kick-start your business and have a successful first year, but also the peace of mind of no surprise consultancy bills.
Our business start-up advice service is for any new venture, whether it’s a simple concept run by a one-man band or more ambitious company that requires a complex, tax efficient structure. We are based in Tamworth, near Birmingham, and have helped businesses across the East and West Midlands.
Once we have got to know you and got under the skin of your concept, we will tailor a proposal to suit your strengths, goals and sector, broadly covering:
> Strategy, approach and critical appraisal
> Business, process and systems set-up and planning
> Ongoing assessment, evaluation and adjustments
> Business and personal year end accounts fulfilled
80% of all new businesses fail in their first two years. At Adams Moore, 80% of our start-up clients succeed.
Flexible, 360 Degree Business Start-Up Advice
Our experience has led us to firmly believe that business owners and sole traders who are just starting out, get huge benefits from working with an accountant who does more than compile accounts at year end. We also recognise that people who need help starting a business appreciate a partnership approach, an adviser who gets behind a company’s vision and 360 degree, consistent business expertise. That’s why, whatever activity you engage Adams Moore for, all our clients have the opportunity to draw on our vast business and accountancy experience, as well as our valuable business contacts.
If you’re looking for minimal support in the very early days, for example you need to understand the benefits of operating as a sole trader or require advice about employment laws, like pension requirements, we do offer an à la carte option; you let us know where we can help and we will quote accordingly.
However, many of our clients in the Tamworth and Birmingham area take advantage of our 12 month fixed-fee package so that Adams Moore can guide them through the terrain of starting up, offer recommendations along the way and always be at the other end of the phone as another member of your senior management team.
Your success is our priority. That's why our 12-month Business Start package starts with a 3-month payment holiday and then the fixed-fee is spread over the remainder of the year.
One Year Business Start-up Advice Package
If you engage Adams Moore to deliver our fixed-fee start-up support service, you will be assigned a dedicated team based at our offices in Tamworth, near Birmingham. The Partner leading your account, and team of specialists, will advise, guide and execute activities on your behalf within the following areas of business and accounts management:
> Critically appraise your business opportunity
> Analytically review your business strategy
> Agree on most suitable structure for your business. Sole Trader, Partnership or Limited Company
> Discuss and advise on financing requirements and funding options
> Help develop your business plan
> Create 12 month forecasts and budgets
> Establish a good working relationship with your bank
> Manage company formation, and legal appointments
> Register the new business with HMRC
> Recommend efficient accountancy processes
> Undertake the correct PAYE, NI and VAT processes
> Advise on employment law and business contracts
> Develop a bookkeeping system and training for staff
> Can assist with set-up of Xero cloud accountancy software
> Handle payroll for the Directors
> Assistance with first VAT Returns
> Visit business premises and undertake interim compliance checks
> Attend a mid-year strategic meeting to discuss areas such as actual performance vs planned performance, management structure, business expansion, marketing, tax planning and IT strategy
> Finalise statutory accounts within 2 months of year end
> Establish tax liability following year end
> Complete all personal tax requirements, including Self Assessment
> Assist finance teams directly with unlimited telephone support
> Provide access to our network of other professionals
If you have employees other than the Company Directors, Adams Moore offers flexible payroll services using the latest in Sage payroll software. Simply provide the necessary paperwork and we will make the calculations, make submissions via Real Time Information and return all employee payslips to you, along with the figures of PAYE and NI liabilities.
Buying an Existing Business
If you are considering buying an already existing business, then Adams Moore can help with that too. First and foremost, we can assist in making the necessary credit checks and be on hand to review accounts, forecasts, various strategies, how the business is departmentally structured and the supply chain, and will present an informed position on your potential purchase. Whether things are looking up for the business, or not, our team can help you unpick the offer, understand the market potential and plan for the future; this may involve the purchase or together we may decide it’s not in your best interests. If haven’t yet found the opportunity that fits with your skills and existing portfolio, we can reach out to our extensive contacts and assist with your search.
We look forward to hearing from you to arrange a free one hour consultation, where we hope to start a successful relationship with you and your new venture.