Starting a business

Starting or growing a business in the UK

The decisions you make at the start shape your tax for years. We help you choose the right structure and set everything up properly from day one.

Whether you are going self-employed or forming a company.

What's included

  • Sole trader or limited company comparison for your situation
  • Registering with HMRC for Self Assessment or Corporation Tax
  • Forming your company at Companies House
  • VAT and PAYE registration when needed
  • Bookkeeping set up in Xero from the start
  • A clear calendar of every deadline that applies to you

Useful numbers

  • Trading allowance: up to £1,000 of income before you need to register
  • Companies House online incorporation: £100
  • VAT registration threshold: £90,000 taxable turnover
  • Register for Self Assessment by 5 October after the end of your first tax year

Sole trader or limited company?

Sole trader status is simpler and cheaper to run. A limited company separates your personal and business finances and can be more tax-efficient as profits grow. We compare both using your actual numbers.

Common questions

Should I start as a sole trader or a company?

It depends on your expected profit, risk and plans. Many start as a sole trader and incorporate later. We show you the numbers for each.

How long does it take to form a company?

Online incorporation is usually completed within 24 hours, once directors have verified their identity.

Do I need a business bank account?

A limited company must have one. Sole traders are strongly advised to keep business money separate too.

Can you help if I have just moved to the UK?

Yes. We explain registration, UTRs, National Insurance and tax residence in English or Ukrainian.

Let's talk

Every client is different, so there is no standard fee. Tell us a little about your situation and we'll come back with a personalised quote, usually within one working day.