Accounting Services For Startup Companies
...know your options
The startup accountant team at Warr & Co consists of a few highly experienced and specialised chartered accountants, supported by our wider team. Startup accounting advice is vital in those early days of your pioneering company, and it’s essential that you are as efficient with your finances as possible.
The Warr & Co team can help you by providing tailored accounting services for your startup company, ensuring that the service fits your company and not the other way around.
At Warr & Co we design our startup accounting services around you. That’s what makes us different; your company will never be a number on a spreadsheet to us. We pride ourselves on understanding your business, offering proactive advice, and helping your company achieve its goals.
Specialist Startup Accountants
Instead of offering a conveyor belt accounting service for startups, we look at each startup as a unique entity with its own unique challenges. The services we offer include:
- Company formation
- Advice on bookkeeping
- HMRC registrations covering PAYE, VAT and Corporation Tax
- Advice on tax efficient share structure and remunerations
- Assistance with VAT and PAYE filing
- Assistance with financial planning including referrals to IFAs
- Payroll & auto enrolment
- And much more
We’re happy to build a bespoke service as per your requirements and can either arrange a monthly accounting package – inclusive of Cloud Accounting and Tax Enquiry Service as well as the usual accounting services – or you can pay-as-you-go, using the services you need as you need them.
Additional Information For Startups
What Is Professional Indemnity Insurance?
Professional indemnity insurance is the most important type of insurance that your new business should have. This type of insurance protects you against future claims made by clients and customers.
Professional indemnity insurance will cover you and your business from the every-day risks that can come with being a small business. Imagine a mistake is made by one of your staff members. Now imagine the costs that are potentially applicable in correcting that mistake, and the loss which your customer could incur as a result and your business could potentially be liable for.
While it’s worth noting that these cases are rare, they do happen every year. Without professional indemnity insurance, you and your business are at huge risk every day. Insurance is an affordable and tax deductible safety net for your business.
Why Do We Recommend Professional Indemnity Insurance?
If an occasion should arise where you and a customer enter a dispute over an error made, work standards, or expectations, your business needs to be protected from a potential claim. It’s worth noting that even if you are in no way at fault, a claim could still be made against your business, resulting in you having to defend yourself at your own cost.
Professional indemnity insurance protects you from some of the costs associated, which is why the team at Warr & Co believe this is an essential requirement for your new business.
Warr & Co have teamed up with Caunce O’Hara – small business insurance specialists – to offer professional services to our client base. Caunce O’Hara, a top 100 independent broker, were selected by our board of directors for their expertise in the the small business market, combining decades of specialist experience. In addition, the team at Caunce O’Hara provide a 24/7 easy purchase option. Simply fill your business details in on the link below to obtain a quote and click to begin your policy.
We can’t stress enough the importance of protecting your new business with professional indemnity insurance. Please click the link below to visit Caunce O’Hara for a free no-obligation quote now.
*By clicking the link above you understand that you will be directed to a third party website. If you choose to proceed to purchase insurance products from Caunce O’ Hara we have opted not to receive any commission for the referral. Instead we have opted for the usual commission fee to be paid to Caunce O’Hara’s nominated charity. For example should you purchase a professional indemnity insurance policy for £200 (net of IPT) the nominated charity will receive a donation of £15.
What Is A Tax Enquiry?
A Tax Enquiry is an HMRC investigation into your businesses taxes. Often this is not a simple process, as the investigative team from HMRC may want paperwork and face-to-face meetings to discuss your business taxes.
Anyone can be subject to an HMRC enquiry, and you must comply by law. They can target any business they wish to and do not have to have a reason to target your business, meaning that they can open an enquiry even if you’ve done nothing wrong.
This is troubling for businesses, and especially small businesses. The cost of defending your company in a tax enquiry with HMRC is significant and can easily run into thousands of pounds – in addition, it’s not unusual for enquiries to last months or even years. So you need a good accountant on your side to defend you and ensure no errors are made on your behalf throughout the investigation.
What’s Included In The Tax Enquiry Service?
Warr & Co will deal with all HMRC correspondence on your behalf, we will prepare and defend your case, and we will negotiate the best possible outcome for you wherever necessary.
Did you know? Even if you are not at fault and have had no errors in your business taxes, the costs of defending your business in an HMRC enquiry are not refunded. Unfair, yes, but that’s exactly why this add-on service is highly recommended to all of our business clients.
For one small annual fee, your business is covered in case HMRC decides to open an enquiry for your business. Whatever the outcome, you’re safest if you have our Tax Enquiry Service on your side.
We have plenty of information, including a downloadable leaflet about tax enquiries and pricing for this service, on the link below.