Skip to main content
Our Services

Accountancy and Bookkeeping Support for New UK Businesses and Start-Ups

Starting a business is an exciting time, but it also brings important financial and reporting responsibilities from the very beginning. T&N Accountancy helps new businesses understand what is required, set up good record-keeping practices, and build solid financial foundations.

Get Start-Up Support

Getting the Foundations Right from Day One

One of the most common challenges new businesses face is not setting up their record-keeping properly at the start. When records are disorganised from the beginning, the problem compounds over time — and untangling months of messy records is always more time-consuming and costly than getting organised at the outset.

Whether you are launching a sole trader business, forming a limited company, or starting a side business alongside employment, understanding your obligations early makes everything easier later.

Key Considerations for New Businesses

Business structure: Whether to operate as a sole trader, limited company, or partnership affects your tax, reporting, and administrative responsibilities significantly
HMRC registration: New businesses need to register with HMRC — the requirements differ depending on your structure
Record keeping: You need to keep accurate records of all income and expenses from the moment you start trading
VAT: If your taxable turnover exceeds the current registration threshold, VAT registration becomes compulsory
Companies House (limited companies): Limited companies have filing obligations from incorporation
Accounting software: Using appropriate software from the start makes record-keeping significantly more manageable

What Our Start-Up Support May Include

  • Helping you understand the financial reporting requirements for your chosen business structure
  • Setting up bookkeeping systems and record-keeping processes
  • Explaining what records need to be kept and for how long
  • Ongoing bookkeeping support as your business gets started
  • Self Assessment registration and first-year return support
  • Limited company setup support including understanding your annual filing obligations
  • VAT registration and first VAT return support (where applicable)
  • Payroll setup if you take on employees

Important

Business structure decisions (sole trader vs. limited company, for example) have tax, legal, and financial implications. The information on this page is general guidance only and does not constitute personalised business, tax, or legal advice. Please contact us to discuss your specific situation.

Starting a New Business? Get the Right Support from Day One.

Contact T&N Accountancy and tell us about your new business. We will help you understand what is required and build a strong financial foundation.

Make an EnquiryView All Services