Starting a new business is exciting — but getting the foundations right from the beginning makes everything easier down the line. The decisions you make at the start — about business structure, VAT registration, accounting systems, and how you pay yourself — have a significant impact on how much tax you pay and how easy your business is to run.
We work with new business owners across Hull and East Yorkshire to get them set up correctly from day one. Whether you're starting as a sole trader, forming a limited company, or converting from one to the other, we'll advise on the most appropriate structure for your circumstances and handle all the registrations.
We also set up your accounting systems, advise on record-keeping requirements, and provide the ongoing support you need as your business grows. Starting right means fewer problems later.
If you're a contractor or tradesperson thinking about going limited, or a sole trader considering incorporation, we can model the tax savings and help you make the right decision.
What We Handle
Business Structure Advice
Sole trader vs limited company — we'll model the tax implications and advise on the best structure.
Company Formation
Incorporating your limited company at Companies House, including all required documentation.
HMRC Registrations
Registering for self assessment, corporation tax, PAYE, VAT, and CIS as required.
Accounting System Setup
Setting up cloud accounting software and training you on how to use it.
Opening Balance Sheet
Establishing your opening financial position correctly from day one.
Ongoing Accountancy Support
Providing all the accountancy services you need as your business grows.
Common Questions
Should I trade as a sole trader or limited company?+
This depends on your circumstances — your income level, your risk profile, and your plans for the business. Generally, a limited company becomes more tax-efficient once your profits exceed around £30,000-£40,000. We'll model the numbers for your specific situation.
How long does it take to form a limited company?+
Companies House typically processes company formations within 24 hours when submitted electronically. We can have your company formed quickly and all registrations in place so you can start trading without delay.
Do I need to register for VAT when I start?+
You only need to register for VAT if your taxable turnover exceeds £90,000 in any 12-month period. However, there are situations where voluntary registration makes sense — we'll advise on whether this applies to you.
What records do I need to keep from the start?+
From day one, you should keep records of all income and expenses, bank statements, invoices, and receipts. We'll advise on the best systems to make this as straightforward as possible.
Why Choose Us
- Right business structure from day one
- Company formation handled quickly and correctly
- HMRC registrations managed for you
- Accounting systems set up and ready to use
- Tax-efficient structure from the start
- Ongoing support as your business grows