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1. Q. Ive just started
a business, what should I do next?
A. You need to inform the Inland Revenue within three
months and you also need to register for VAT if the turnover exceeds or is
likely to exceed the current threshold. |
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2. Q. Do I need an
accountant?
A. No, but a reputable firm can
guide you through the various laws and regulations that may apply to your
business.This would help to avoid your paying unnecessary
penalties. |
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3. Q. Is it expensive to have an
accountant?
A. Initial advice is free.
Thereafter fees depend on the size of the business and can be negotiated at the
first meeting. |
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