At iFinance Department, we have a great track record in supporting new businesses. Our new business accountant services help start-ups flourish. We’ll be with you every step of the way, from company formation through to raising finance and managing the books.
We’re more than just an accountant. We’re your financial partner.
We’ll work with you to determine a solid business plan that makes the most of the business support available to your business and allows your company to grow. We’re a Xero Silver Champion partner, meaning we can provide you with the tools and support to help you manage your business efficiently.
By choosing to work with us for your start-up accounting needs, you’ll be partnering with a proactive finance partner. We’ll analyse every area of your business, providing you with insight and opportunities to allow your business to grow.
Get in touch to begin your business start-up journey today.
Online Accounting Services for Start-ups
Our start-up accounting services include the following:
- Xero subscription
- Monthly bookkeeping
- Document management
- Dedicated accountant
- Annual accounts
- Corporation tax return
- Company formation
- Business and tax support
Our packages are flexible and tailored to you. You can add or remove any service, depending on your needs. Get in touch for a free consultation to receive initial accounting advice with no obligation.
Forming a company
One of the first decisions you’ll need to make when setting up a company is the type of structure that fits your business goals. Being able to discuss the pros and cons of Sole Trader or a Limited Company with an accounting expert is crucial to ensure you take the right decision.
We’ll provide you with tailored advice, so you can make a truly informed decision.
Forming a company can be a minefield of paperwork. Fortunately, with our accounting for start-up service, we’ll take all the hassle out of forming a company by helping you complete all the paperwork and registering your company with you. This means you can spend more time on planning and running your business.
Find out more about how to form a company in our handy guide to forming a company.
Payroll, VAT and more
VAT. Payroll. Pensions. Company Accounts. It can be difficult staying on top of everything you need to register and submit information for. We’ll analyse your business, providing advice on whether you need to register for VAT or not. We’ll also set-up new employees on payroll, and ensure pension contributions are set-up in line with government rules. We’ll also keep an up-to-date picture of your Company Accounts, meaning they can be submitted on-time to HMRC, ensuring you avoid any penalties.
As a Xero Silver Champion partner, we’re the perfect partner for any start-up business. Xero’s cloud accounting software provides a real-time view of your business’s financials, meaning we can provide proactive financial support. Log expenses, send invoices, manage payroll and much more, from any device. A Xero subscription is included within our Accounting for start-ups package.
Proactive accounting support
Once you have a business formed, accounting software in place and you’re fully registered, we’ll become your long-term financial partner. Of course, we’ll ensure you remain compliant with your business and tax obligations, but our support runs far deeper than that. We’ll provide regular accounts updates, and identify financial and business opportunities for you to exploit. In short, you can rely on iFinance Department to manage your finances, whilst you manage your business.
Other Accounting Services
Accountant FAQs for Start-ups
How easy is it to change Accountants?
With our process, very easy! If you choose to switch to us, we’ll manage the process, and give you guidance on any bits you need to do such as allowing us agent access to your HMRC accounts. Therefore, ensuring a seamless transition from your existing accountant to us.
We’ll send a professional request for information to your accountant, ensuring we have all the information we need to deliver our outstanding accounting services.
My business is not local to you. Is this an issue?
This is no issue at all! We’re an online accountant, and we’re able to deliver our service using powerful software and great communication, either on the phone or on video conferencing facilities such as Google Meet or Zoom. So, you’ll still be able to see your accountant, but you’ll benefit from our slightly lower fees.
Why should I choose iFinance Department for my small business accounting needs?
By choosing iFinance Department, you’ll be getting much more than just an Accountant. You’ll be getting a highly experienced financial adviser, who, as well as ensuring your business remains compliant, can spot opportunities and provide advice that can accelerate growth. Just check out what we did for Stitch and Story!
You’ll also benefit from our Silver Champion partner status with Xero, meaning we can provide exceptional accounting software with exceptional support at preferential rates.
Do I need to purchase Software?
We recommend utilising software to manage your business’ accounts, especially as the Government rolls out it’s Make Tax Digital scheme.
As a Xero Silver Champion Partner, we include a subscription to Xero in all of our packages for managing your accounts.
How will outsourcing my Accounting help my business?
As a business owner, you’re a jack of all trades. Ensuring your accounting is in order is critical for long-term business success. We provide you with an up-to-date view of your finances, with running commentary to help support you. By outsourcing your accounting, you’ll have more time to spend actually running your business. Plus, it costs significantly less than hiring someone internally.
How much will bookkeeping cost?
All our service packages include bookkeeping. Our smallest packages start at £29.50 per month; however, we will need to have a discussion to determine the volume of work to give you an accurate price.
Can I get to know you first?
We think it is vital that we get to know each other before we enter into a business relationship. That’s why we offer a free, no obligation consultation to get things off the ground. It is a great opportunity for you to find out more about us, and for us to understand the direction of your business. You can claim your free consultation today!