6 key accounting questions for anyone starting out in business.
- What structure is best for my enterprise? Sole trader, partnership or limited company?
- What records do I need to keep – for HMRC, and VAT purposes?
- Who do I need to notify about my new business, and when?
- What expenses can I claim against tax if I’m working from home?
- When will I pay my first tax bill?
- When do I need to involve an accountant? And how much will they charge to prepare accounts and file a tax return?