Starting a business is a thrilling adventure, but managing finances can be daunting. Many startups fail within the first five years, often due to poor financial management (Office for National Statistics, 2022). How can you avoid being part of that statistic? By partnering with the right accounting professionals. At Legacy Accounting, we provide startup-focused accounting solutions that ensure compliance, optimise cash flow, and support your growth journey.
1. Financial Compliance: Navigating UK Regulations with Confidence
The UK tax landscape is intricate, with VAT registration thresholds, corporation tax, and PAYE to manage. In 2022 alone, HMRC issued over £500 million in penalties for late filings and non-compliance (HMRC Annual Report, 2022).
Our Solution:
Legacy Accounting ensures your startup adheres to all tax regulations, meets deadlines, and claims eligible reliefs like the R&D tax credit—a lifeline for innovative startups.
2. Strategic Planning: Your Roadmap to Success
Did you know that businesses with formal financial plans are 30% more likely to succeed (Harvard Business Review, 2021)? Startups thrive on agility, but a solid financial strategy is the backbone of sustainable growth.
Our Approach:
We create detailed budgets, forecast cash flow, and identify cost-saving opportunities tailored to your unique goals.
3. Cash Flow: The Lifeblood of Startups
Approximately 60% of startups face cash flow challenges within their first year (Small Business UK, 2023). Mismanaged cash flow can lead to missed payments and even insolvency.
How We Help: Legacy Accounting provides cash flow monitoring, cost optimisation strategies, and revenue-enhancing insights to keep your operations running smoothly.
4. Growth Support: Scaling Without Stress
As your startup expands, financial complexity increases. Hiring employees, managing inventory, and raising capital demand a robust accounting infrastructure.
Our Expertise:
From guiding you through VAT complexities to preparing investor-ready financials, we ensure your growth is seamless.
5. Why Legacy Accounting Stands Out
- Tailored Services: Business registration, VAT filings, payroll management, and more—customised for startups.
- Fixed-Fee Pricing: Transparent packages starting from £42/month with no hidden costs.
- Cloud-Based Solutions: Access real-time data using leading software like Xero and QuickBooks.
- Experienced Team: Decades of startup-focused experience across multiple industries.
The Legacy Advantage: Build Your Future with Confidence
Starting a business is about innovation, passion, and growth. Don’t let financial uncertainty hold you back. With Legacy Accounting, you’ll have a dedicated partner to manage your accounts while you focus on scaling your dream.
Get Started Today
Take control of your startup’s financial future with Legacy Accounting:
- Visit us at: LegacyAccounting.co.uk
- Call us on: 01235 820000
- Email us at: info@legacyaccounting.co.uk
- Follow us on Instagram: @LegacyAccounting
Book your free consultation today and let us support your success.
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