Advice for new entrepreneurial businesses
Lubbock Fine works with clients from the very beginning throughout the growth of their businesses, adapting services as and when necessary. Drawing upon diverse experience gained from involvement across a broad range of organisations, we can work in partnership with you to develop your business to its full potential.
We can advise on the most suitable trading vehicle for your business start-up, be it a limited company, partnership or limited liability partnership (LLP).
The next steps will be to develop a business plan with financial projections, after which we can help clients open bank accounts and advise on suitable mandates for cheque signatories. All necessary compliance matters will be undertaken too, as will the establishment of the right accounting systems, procedures and internal controls
VAT registration, compliance and planning
In any business deal or start-up you need to consider the VAT consequences. To avoid the sting of retrospective charges and penalties, it is essential to obtain comprehensive VAT advice. Through our business start-up consulting service, Lubbock Fine is committed to minimising VAT costs to clients, offering skilled advice on registration, compliance and planning.
Providing a bespoke service, we tailor the payment of wages and salaries on a weekly or monthly basis to clients’ individual needs. Given details of the company’s employees, the service is structured accordingly with relevant compliance matters dealt with alongside the provision of necessary documentation to employees, directors and bookkeepers.
Bookkeeping and management accounting
Many businesses are unable to support the high cost of establishing a proper bookkeeping department and management accounting system. Lubbock Fine specialises in assessing individual clients’ needs then recommending and implementing the appropriate level of service. From providing cashflow forecasting and analysis of financial results to preparing cheques for approval and liaising with banks, we are experts in delivering a total service at a fraction of the cost of an internal accounts department.
We can also advise on the selection of accounting software.
Factsheets on starting a business
As experts in business start-up consulting, we produce a range of useful publications including a series of factsheets on starting up in business. To read or download these free factsheets, click here.
You can read our blogs here.
If you are based overseas and are thinking of starting a business in the UK, you will find the page on inward investment services very relevant.
Lubbock Fine has assisted the World Bank in compiling its Doing Business report. The World Bank Doing Business guide for the UK is available for download here and is an excellent reference for any business requiring support in the UK.