Starting your own business can be extremely rewarding.

However there are many decisions to be made if you are to avoid future problems.

• Should you operate as a sole trader, partnership or limited company - what are the relative advantages and disadvantages?

• What records should you keep?

• What are the tax, NIC and VAT implications?

• How is a business plan prepared?

There are penalties if businesses are not registered within specific time limits.

For an appointment to discuss your new business telephone 01925 291200.

Inland Revenue link

http://www.hmrc.gov.uk/businesses/tmastarting-up-in-business.shtml