Ask the Accountant

Q: “When is the best time to employ an accountant?”

A: “Starting your own business can be intimidating, from registering with Companies House to choosing whether to become a Limited Company or Sole Trader.

Then there are the bits in between: do you have a business address? Can you open a business bank account? Are there any grants or loans that could help you with your startup?

It’s for these reasons that we feel it’s best to employ an accountant right at the beginning. The money spent on their professional advice could be the difference between success and failure.

Not every accountant specialises in offering startup advice, so always do your homework. Ask them what type of enterprises they have assisted before and get a feel for whether they are the best fit for your business.

Don’t be afraid to walk away if you feel it won’t work!”