Starting a Business
Starting a Business? Expert Advice & Business Support from Maynard Johns
Starting a business can be exciting but overwhelming, with many decisions and legal requirements to meet. At Maynard Johns Chartered Accountants, we provide expert advice and hands-on business support to help you set up your business the right way.
We explain the tax system for the self-employed, ensuring you understand your obligations from the start. Our team will advise you on the best structure for your business, whether as a sole trader, partnership, or limited company and handle the process of registering your business with HM Revenue & Customs (HMRC). If you need financial support, we can assist with funding applications to help get your business off the ground.
With the introduction of Making Tax Digital in 2024, we’ll guide you on the right accounting software and record-keeping practices to keep you compliant. We also help you develop a profitable pricing structure and provide practical business advice to give you the best possible start.
With years of experience supporting startups, we make starting a business simple and stress-free. Let us take the hassle out of the financial side so you can focus on growing your new venture.
Support available for starting a business
Free Business Support and Advice
Starting and running a business comes with challenges, but you don’t have to face them alone. Our free business support and advice when starting a business provides the guidance you need to navigate the complexities of setting up, managing finances, and growing your business.
We have specialist advice on all aspects of starting a business from sales and cash flow forecasting to applying for finance.
To give your business start up the best chance of success, take advantage of an initial one-hour meeting to discuss your business ideas
Cloud Accounting Software Set-Up and Training
When starting a business, managing your finances effectively is crucial to success. Cloud accounting software like Xero, QuickBooks, and Sage makes it easier to track income, expenses, and cash flow in real time—helping you stay organized from day one.
We provide expert cloud accounting software set-up and training, ensuring you choose the right system, get it set up correctly, and understand how to use it effectively. With Making Tax Digital requirements coming into effect, we’ll also ensure you’re fully compliant from the start.
MTD: What You Need to Know When Starting A Business
If you’re starting a business, it’s essential to understand Making Tax Digital (MTD)—the government initiative requiring businesses to keep digital records and submit tax returns using compliant software. From 2026, all self-employed individuals and businesses must follow MTD rules, making cloud accounting software a necessity.
We can help you get set up with the right accounting software, ensuring you stay compliant from day one. Our expert guidance will make record-keeping simple, saving you time and reducing the risk of errors.
Understanding the Cash Basis when Starting a Business
When starting a business, choosing the right accounting method is important for managing your finances effectively. The cash basis is a simplified way for small businesses to report income and expenses, only recording transactions when money actually moves in or out of your account. This can help with cash flow management and reduce your tax burden by only paying tax on money you’ve received.
We can advise you on whether the cash basis is the best option for your business and ensure your accounts are set up correctly from the start.
Support Available when Starting a Business
Ensure your startup gets off to the best start.
Contact us today for advice and support and start your journey to success
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