Solutions for Glasgow Entrepreneurs
Here at 525 Accountancy Services Ltd, we are passionate about helping businesses to flourish throughout Glasgow and the rest of the UK. If you are an entrepreneur with a business idea, we can provide that much needed support to make your idea financially viable.
There is always the danger that, as a small business, you feel your fledgling enterprise is not big enough to justify the use of an accountant. With the range of services that we accountants can offer; you could not be more wrong. From your first steps into the world of business, we are here to help.
We can offer a helping hand in the early stage development of your business not only by constructing your business plans, but also by helping to guide you through the minefield of tax and legal obligations. Do you need to register for VAT? Should you be a sole trader, partnership, or limited company? We can help answer these questions, and many more.
Here is what we can do for you:
Business & Financial Plans
- An executive summary of the business, including an assessment of the business's current position, an assessment of the market, and any development plans
- A financial summary, including a report on funding
- A clear description of products and services
- An assessment of planned operations, including premises, equipment, business systems, and training requirements
Sole Trader, Partnership, or Limited Company?
This will influence:
- Your tax obligations
- How you can personally take the profit that your business makes
- Your personal liabilities if your business goes bankrupt
Complete Your Management Accounts So You Can Manage Progress
This will allow you to:
- Study key statistics from balance sheets, cash flow statements, and income statements
- Make more informed decisions on how to manage your business