Starting your own business can be a very busy time. Accounting Concepts’ business start up support services can help guide you through the process and undertake much of the company law and financial administration, leaving you to concentrate on developing products, services and the other activities core to your own new business.

Common questions that people ask when starting a business are:

• Is it best to operate as a sole trader or form a limited company?
• How do I set up a limited company and register a business name?
• What taxes do I need to register for and how do I go about it?
• What is the best way to approach a bank for an overdraft or loan to help me get started?
• How do my entitlements to social welfare benefits change when I become self-employed or a company director?

Accounting Concepts can help you answer all of these questions and provide a range of other support services including:

• Assistance in preparing a business plan;
• The preparation of financial projections and budgets;
• Advice on the choice of accounting systems and whether outsourced or in-house accounting is best suited for your needs.

Accounting Concepts will also give you guidance and advice on the practical considerations that should be considered before you take the leap to self-employment, for example:

• Do I have all the skills necessary to succeed with my business?
• How much do I need to earn to pay for my living expenses and I am likely to be able to achieve this?
• What will I do if I become ill and unable to continue with my business for a period of time?

Although these may seem like big questions, with a bit of time and thought at the outset, solutions can be found, leaving you to begin your business venture in the knowledge that you are starting off on the best possible foot and are free to concentrate your thoughts on your core business activities. This is the key to any business success.