"Getting Started" Guides

It can be very daunting when you decide to start your own business.

You will be confident in your own knowledge and ability to make your business succeed, but many people wonder where to start regarding keeping records, who to contact, paying taxes, etc.

This information is designed to ease your worries by providing you with this essential knowledge.

The Guides

Click on the links below to view each subject on the right hand side.

Once you're under way, you can think about the type of help you may require from us. Please browse through our list of services on the tab above for more information and email us for a quote.

Time it Right

The timing of starting your business will have an effect on how soon your first tax bill is payable.

If you start your business anytime between 6th April 2023 and 5th April 2024, you will need to file a personal tax return for the 2023/24 tax year onwards.

If you are thinking about starting your business late in the tax year, you may wish to delay until 6th April; this small delay will give you an extra year before your first tax return needs to be prepared and filed.

For example:
If you were to start your business on 1st May 2024, your first tax return will be required for the 2024/25 tax year. The deadline for online filing of this return, and paying the associated taxes, will be 31st January 2026.

If you were to start your business two months earlier, on 1st March 2024, your first tax return will be required for the 2023/24 tax year. The deadline for online filing of this return, and paying the associated taxes, will be 31st January 2025.