At Fair View Accountants, we feel absolute delight in serving people who are about to start a business of their own. We welcome them to come and talk to us so that we can help them with their financial requirements.
Our team of accountants has seen it all; it can give you such financial tips for your startup that will be beneficial in the long run.
Proper Financing Options
During the initial days, the startups are busy coming up with a business plan, stretching the limited funds they have, and cutting the costs wherever necessary. You may think that managing the finances on your own might be a good way to save money; however, your lack of experience may lead to disastrous results. Hire someone you can easily rely upon with all your financial concerns and FVA can prove to be just the perfect choice for you.
Value Added Tax (VAT)
You have the option to decide whether you would like to register for VAT at the starting time or in the future. The major advantage of this registration is that you’ll be able to reclaim the VAT on all your purchases before you can start trading. We would suggest that you register during the starting time to maximize profitability customer trust. Please visit our VAT Returns section for further guidance on this subject.
Avoiding Tax Traps
When you are self-employed and have so many tasks to handle, there are high chances of making a mistake which may cost you some serious penalty. Being with someone as experienced as FVA can ensure that you are able to escape tax and VAT penalties, get rid of missing invoices, and carry out other financial operations of the company on time.
To find more about the financial requirements of running a startup, call us now and talk to our accounting expert!