Accountants for Start-Ups
Citi Accounts Can Help you Launch That Amazing New Idea
Citi Accounts has supported Start-Up businesses to get set up correctly, get on with what they do best, whilst giving them all the great business and tax advice they need to succeed.
When you join Citi Accounts, we will help you with a bespoke company setup to get you started and provide you with a cloud accounting software so that you can keep a track of your business performance from day one and which is critical in the early years for a Business Start-Up.
Sole Trader or Limited Company?
It is so important that you are set up on the correct structure from day one, whether it’s a limited company or a sole trader.
When you get in touch with us, we will review your business idea, potential earnings, other sources of income and advise what structure is best for you.
Thereafter, we will ensure your books are ALWAYS up to date and you NEVER miss a deadline.
Sole Trader or Limited Company?
We do the Bookkeeping!
Unlike other accountants, when you join Citi Accounts we will carry out full bookkeeping for you. This means that you can focus entirely on running your business.
We know that businesses can often miss out including small receipts and invoices which can cost them penalties as well as paying more taxes. This is why we think it’s so important for accountants to carry out the bookkeeping, in addition to filing taxes and providing proactive advise.
Bookkeeping
Main accounting Services for Start-Up Businesses
Company Formations
Citi Accounts will help you decide whether you want to work as a sole trader or set up a limited company. We can explain the tax and risk advantages of both structures.
If you decide to set a limited company, we can do all the hard work of the company formation process and also filling out and submitting the relevant documents to the Registrar of Companies
VAT
As your business grows and its income increases, you’ll have to start paying VAT. Citi Accounts will help you choose the best scheme for calculating VAT for your business and sector.
Personal Tax
As a sole trader or a director of a business, you’ll need to submit a Self-Assessment Tax Return each year. Citi Accountants will do all the hard work for you, and ensure your tax returns are always submitted and paid by the deadlines.
As you grow and need to hire employees, one of the necessary evils is payroll administration. It’s time-consuming and distracts you from more productive activities, so Citi Accounts can take the hard work out of your hands, doing things such as administrating PAYE, National Insurance, and statutory sick pay.