We are a proud member of the:
- Association of Accounting Technicians (AAT)
- MAAT (Member of the Association of Accounting Technicians)
Starting a New Business
Starting a new business is an exciting journey, and at T&S Financial Accounting, we understand the importance of taking the right steps from the outset. With extensive experience supporting new ventures, we guide Directors and Shareholders to set up their businesses in the most effective and tax-efficient way possible.
Based on your specific business objectives, we’ll advise on the most suitable structure—whether that’s operating as a sole trader, partnership, or limited company—to help you optimise your tax position and protect your interests.
How can we help:
Advising on the best trading structure for your business
Assisting with the preparation of business plans and cash flow forecasts, tailored to your needs
Preparing break-even analyses to identify minimum trading levels for profitability
Helping you access local authority funding and other financial support
Liaising with banks and financial institutions to support your growth and funding applications
Processes & Workflows
Call Us Today to Schedule a Free Consultation
Sole Traders & Partnerships
If you choose to operate as a sole trader or partnership, we assist with:
HMRC
Registering you as self-employed with HMRC (including completion of Form CWF1)
VAT
Registering for VAT, including voluntary registration where beneficial
PAYE
Setting up a PAYE scheme if you employ staff
Bookkeeping
Advising on bookkeeping systems to ensure efficient record-keeping and compliance
Limited Companies
If you decide to trade through a limited company, we provide full support including:
Incorporation
Incorporation of your company, preparing all necessary documentation to help you open a business bank account
Corporate Tax
Registration for Corporation Tax with HMRC
PAYE
Setting up PAYE schemes for employees and directors
VAT
VAT registration where applicable
Self Assessment
Registration for Self Assessment for company directors
Bookkeeping
Advice on bookkeeping setup tailored to your involvement
Incorporation Process
Typically, setting up a limited company takes just a few working days. We require photo ID and two proofs of address for all Directors and Shareholders, along with your preferred company name and registered office address. (We also offer registered office address and mail forwarding services if needed).
When you incorporate your company through T&S Financial Accounting, you will receive:
Incorporation
Certificate of Incorporation
Memorandum
Memorandum and Articles of Association
Resolution
Resolutions and Share Certificates
Reference Letter
Bank Reference Letter confirming Directors and Shareholders (essential for opening your business bank account)
Our incorporation fees are competitive and include all relevant tax registrations.