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Disclaimer

 

The information on this site cannot be relied on as accurate and up to date. We strongly advise you seek the advice of accounting and tax professionals before making any accounting related decisions.

Visit SM Accounting Ltd

This site contains free bookkeeping and accounting courses and is ideal for anyone looking to learn finance, bookkeeping or accounting. This site contains information on double-entry bookkeeping, basic accounting, credit control, business planning, etc. 

* We do not offer refunds on any digital products purchased on this site. 

Other things to consider when Starting a Business

 

When you have decided on your bookkeeper and accountant, there are many other things that you need to consider getting your business up and running legally and efficiently.

 

I would have recommended to you a bookkeeping system and advised you on your requirements for VAT and payroll so you can start to trade and keep accurate records of your finances from day 1. This would take into account Making Tax Digital For VAT, of course.

 

Other things to consider are insurance to cover you for claims against your business for anything that might go wrong. Also, if you have employees then you should also get employers’ liability insurance in case you need help with staff issues. The cost is quite low for new businesses depending on the riskiness of that business.

 

You should register with the Information Commissioner (ICO) since you are obliged to register here if you handle customer data which includes names, emails, business information etc. You need to have a policy in place to address how you handle data protection and how customers can access or remove that data.

 

Most businesses will have a website and so you would need a starter legal pack for your website, including terms and conditions, privacy policy, GDPR policy mentioned above and employment contracts, for example.

 

I have looked at Key Business Marketing and they do a nice package for legal contracts and also a brand audit for new companies to let you know what other marketing assets you should develop. From personal photographs, logos, icons, social media background banners, how to set up social media accounts, testimonials and fuller SEO and paid marketing services.

 

Key Business Marketing: https://www.keybusinessmarketing.co.uk/ 

 

 

 

 

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