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27.06.2020

10 Accounting tips for new Businesses

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Anum Hassan, Accounting Assist Ltd Accountant

10 Accounting tips for new Businesses

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1. Register your company with Companies House
 
2. Register your business with HMRC
 
3. Open a business bank account
 
4. Keep records from the start
 
4. Set up your financial record-keeping system
 
5. Cashflow is king so keep an eye on your credit terms
 
6. Stay compliant in terms of VAT, Payrol, RTI, Tax
 
7. Understand and implement VAT scheme suitable to your business
 
8. Understand your profitable customers
 
9. Keep track of your expenses
 
10. Organisation is key
  • Business Owners
  • businesses
  • small businesses
  • business tips
  • accounting tips
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Anum Hassan Accounting Assist Ltd Accountant
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