We can provide assistance to individuals and businesses on preparing cashflows, budgets and business projections as and when required. These are typically needed by loan providers if you are intending to borrow money. Cash flow projections and budgets can also assist in the successful running of your business and with financial planning and decision making.
EATS can provide an accurate and comprehensive service tailored to suit your business or advise you on the methods best suited to you.
Let us take away this hassle which causes many businesses concern and stress each year. We offer competitive pricing and are very flexible.
Make the most of your new venture
At EATS Accountants we welcome start-up businesses to come and talk to us. We can help you from day one to find the best methods of bookkeeping, the best tax saving positions and help you to break down that accountancy fee by paying monthly. Cashflow is one of the most important factors for any start up business.
Are you going to launch your business as a sole trader, partnership or limited company? Some of the criteria that should be considered are commercial risk, expected profitability, financing, use of cars for company purposes, and of course tax planning preparation and VAT considerations.
Have you set out your business objectives in writing? Can you demonstrate qualified experience in the type of business that you want to launch? How are you going to finance the company? What are your expectations for sales, profitability and investment in assets? Have you consolidated all this information in a formal business plan?
Banks and Finance companies
Identify your "friendly bank manager" and make sure that you are well prepared for the critical first meeting. We already have well established relationships with all the major banks in the UK and this can be one of the most important contacts for your business.
VAT (Value Added Tax)
You should decide whether it is in your best interests to register for VAT from commencement, at some future date, or not at all if your trade is outside the scope of VAT. The decision you make on this point will affect both profitability and cash flow of your fledgling business. Please look at our VAT section for more information.
Tax Traps to avoid!
How we can help.
We are often asked to advise businesses who have failed to adequately plan their business start-up. It is much easier to avoid making mistakes, and to maximise your future chances of success, if this pre-launch planning is undertaken with professional help. As with most new ventures it is not what you know that catches you out, but what you don't know!
We would be delighted to assist with the preparation of a business plan, and to help you choose the best business structure for your business. We can also help you with raising finance for all aspects of your business.
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