Are you new to the business world, or on the brink of starting up? It is a sad fact that the number of business deaths is on the rise with around 357,000 businesses closing their doors in the UK since 2016 (Office for National Statistics), with the number one reason being quoted as ‘poor cashflow’ (smallbusiness.co.uk). To avoid the pitfalls with the accounts for your start-up business, you need to take professional advice as early on as possible.
Have you included every aspect that may affect your operation? If you are unsure of what your anticipated costs are, or what could change in the first three to five years of business, find an accountant with experience in advising start-up businesses to help you put together a solid business plan.
Do what you do best and out-source the rest
When you started your business, did you have a vision to provide the best service, with the most up to date skills and best care in your market sector? Did you realise how much time would be required spent on ‘behind the scenes’ work?
Running a business isn’t all about looking after your customers, there is a lot of management skill and accounting required too and many of our clients find themselves acting as the marketing department, human resources department and financial directors at the same time as providing their products or services.
That’s where Digital Accounting comes in to support you and your start-up business. Acting as your business advisor, bookkeeper, accountant and interim financial directors, we will help you identify what you can manage and where you need to out-source.
Using the latest cloud-based software and up to date market expertise, guidance from Anna will provide the right advice at the right time, and Simona is on hand to take away the pain of bookkeeping.
What our clients think
Ella Ryder, Sole trader
I felt completely confident selecting Anna at Digital Accounting as my accountant. She is very knowledgeable, friendly and helpful. Having everything so automated for my business is ideal and it will actually make taxes much less of a hassle! Would highly recommend.
Steps in starting your business
Detailed business plan