Setting up a limited company is exciting, but it can also be nerve-wracking. You will have a range of responsibilities such as registering with Companies House and starting a company bank account. While none of these things are difficult on their own, it can seem like a mountain to climb when you’re new to this way of working. With the help of a specialist contractor accountant, you can ensure everything is done compliantly and your systems and processes are set up in a way that is easy to manage – to give you a headstart from the word go.
To start with, knowing that you have a clear understanding of what money you’ll need, how working this way will impact your pension, the savings you have in place – as well as having a backup plan for your finances – will give you a big boost in confidence.
To help get you on your journey, here are some of the basic accountancy tasks you need to set up to start with:
