Starting your own business

With more than 50 years’ experience advising new start-up companies across Staffordshire and the  Midlands, no one is better placed than Rice & Co to help you when you take that first step on your own. We offer free initial consultations, during which we assess your needs and put them into operation.

Starting your own business is a fantastically exciting time – but doing your homework first is essential if your business is going to succeed.  Many companies fail not because they are not good at their chosen trade, but simply ill-prepared for the business world.

First things first. You know what you want to do – but how are you going to do it?

Consider :

• Should I operate as a sole trader, partnership or limited company? What’s the difference and which is most tax efficient for me?
• How do I deal with the tax office?
• What tax do I need to pay and when?
• How do I keep my accounting records?
• What legislation and regulations apply to me, and how do I make sure I comply with them?

Rice & Co can help with all of this.  We can guide you from the beginning, to make sure you are making the most of opportunities, and operating in the most efficient way.

Our comprehensive services offer all you need, and will help make the prospect so much less daunting. They include:

• Forming a company for you, if this is your best option.
• Advising on VAT registration, dealing with this on your behalf and preparing VAT returns if required.
• Designing an accounts system specifically for your business needs.
• Acting as your agent to deal with all tax matters on your behalf.
• Setting up a PAYE system and offering a full pay roll service.
• Preparing business plans, and cash flow predictions to help secure future funding.
• Taking care of your accounts.
• Advising on how to increase your profitability
• Providing a FREE helpline to answer your queries