Start UpIf you have just set up in business or are developing a new product it is important to make the right financial decisions at an early stage. Do you intend to set up as a:
Are you aware of the differences between the various options? Are you aware of the advantages and disadvantages of each? Do you realise that by choosing the right option you could save a considerable amount in tax? Should you register for VAT? Are you required to do so by law? What impact will being VAT registered have upon your business? Are you entitled to any government grants? Have you considered how you will raise finance? All of these considerations are relevant if you are just setting up in business or launching a new product. Every business finds itself in different circumstances. Dependent upon those circumstances the wrong choice could have considerable implications, not only on the amount of tax paid or saved but also on the continued development of the business. Making the right decision could be the difference between success and failure! |
