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  • Writer's pictureJen

Setting Up Your Own Business FAQs


Starting your own business can be an exciting and rewarding experience, but it's important to do your research and understand the steps involved. There are a lot of things to think about, but don't worry, we're here to help.


We've put together a guide answering some of the most common questions we get asked about setting up a business in the UK, including:

  • What business structure should I choose?

  • What records do I need to keep?

  • Do I need a business bank account?

  • Can I choose my financial year?

  • Which accounting method should I use?

  • Do I need to register for VAT?

  • What expenses can I deduct?


We hope you find the guide useful! Every business is different and there is often a lot more depth and complexity behind the information included, so please do chat to us if it raises more questions for you or if you would like to find out more about our services and how we can help to support your new business!

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