Before you have even started trading, getting advice from an CIMA accountant can be critical here are some key areas where advice can really help:
- Creating the Business Model and Business Plan
- Obtaining Loans, Finance and Investment
- Business Structure, Shares and Shareholder Agreements
- Choosing Accounting and Business Software and Systems
- Creating a Cash Flow Forecast
- Understanding your legal duties
Then when you start trading……
- Tax Compliance – PAYE, NI, VAT, Corporation Tax
- Pensions – Auto Enrolment
- Managing relationships with Banks and Investors
- Budgeting and Forecasting
- Product Pricing and Tendering
Once the business has become established……
- Growth Strategies
- Funding Growth
- Research and Development
- Decisions on whether to buy or rent new equipments and premises
- Managing the Cash Cycle
CIMA Accountants have worked in business, they understand from the inside what running a business is really like and how to make a business successful.
You can also get some useful tips from HMRC http://www.hmrc.gov.uk/startingup/
steve@bicknells.net
Reblogged this on The Accounting Factory and commented:
An excellent article from Steve Bicknell, which provides further clarity on CIMA Accountants & their involvement “within” business.