Accounting and Business Support from Day One
Start-Up Accounting Checklist
Here’s what every new business should tackle:
- Choose a business structure (sole trader, limited company, or partnership)
- Register with HMRC and/or Companies House
- Open a business bank account
- Set up bookkeeping and accounting software
- Register for VAT (if required)
- Understand what expenses you can claim
- Create a cash flow forecast and budget
- Plan for tax deadlines and payments
- Consider insurance and pensions (if employing staff)
- Get professional advice early
We help you work through each step smoothly.
Choosing the Right Business Structure
Your legal structure affects tax, liability, admin, and future plans. Common options:
- Sole trader: Simple and low-cost, but personal liability.
- Limited company: More admin, but tax-efficient and limited liability.
- Partnership: For businesses with multiple owners.
Park Lane explains the pros and cons based on your business, personal tax position, and long-term goals.
Setting Up Bookkeeping and Choosing Software
Good bookkeeping keeps your finances organised and tax-ready. We help you:
- Pick the right software (Xero, QuickBooks, or FreeAgent)
- Set up OCR, bank feeds, invoicing, and expenses tracking
- Understand day-to-day bookkeeping tasks
Or — we can handle it all for you.
Creating a Business Plan with Financial Projections
A clear business plan helps you:
- Set realistic financial goals
- Forecast income, costs, and cash flow
- Secure funding or investment
- Stay focused in your first year
We assist with creating professional, bank-ready financial projections tailored to your market.
HMRC and Companies House Registrations
We handle:
- Registering your limited company
- Setting up PAYE schemes
- Registering for VAT (if required)
- Setting up your UTR (Unique Taxpayer Reference) for sole traders
- Ensuring you meet all deadlines and legal obligations
No paperwork headaches — just a smooth, compliant setup.
Start-Up Expenses You Can Claim
Many new business owners miss legitimate claims. You can typically deduct:
- Home office costs
- Business equipment (computers, tools, phones)
- Professional fees (accountants, legal)
- Marketing and advertising
- Travel and mileage
- Software subscriptions
We’ll help you log, track, and claim everything you’re entitled to.
How Park Lane Supports Start-Ups in Year One and Beyond
We offer:
- Fixed-fee start-up packages
- Advice on business structure and registrations
- Help setting up software and bookkeeping systems
- Regular check-ins to review cash flow, tax planning, and growth opportunities
- Payroll and VAT setup as your business grows
Our priority is keeping you compliant, organised, and profitable from the start.
Our Service Packages are bundled for value.
They illustrate that we have an offering for every stage of the business lifecycle.
Our Fixed fee Micro Package for small companies from just £100 + VAT monthly
Aimed at small businesses with revenue of £90k per year or more
For Your Business
- Annual accounts prepared and filing
- Companies House Confirmation statement filed
- Corporate Tax Return prepared and filed
- Payroll processing & filing for Directors and employees
- Profit extraction advice & tax mitigation planning meeting annually
- Access to your businesses secure e-vault
- Accounting software available - Xero or Quickbooks
For You
- Personal Tax Return and computation submissions
- Payment reminders included for January & July
- Rental accounts, share dividends, interest all included.
- Access to your personal secure e-vault
Plus unlimited e-mail support only from your named accountant client manager.
Our Business Package starts from £150 + VAT monthly
Aimed at established businesses with revenues over £90k with an accounting system in place
For Your Business
- Everything in our Micro Package for your business Plus
- VAT check & filing quarterly
- Ongoing bookkeeping advice & assistance with reconciliations
- Pre year end meeting to identify tax saving opportunities and actions.
- Post year end review with full explanation of results
For You
- Everything in our Micro Package for you Plus
- Pre tax year end meeting to identify potential tax saving opportunities
- Review of profit extraction advice and "what if" scenario illustrations
- 2 accountants references for mortgage or loan applications included
Plus unlimited e-mail support & unlimited telephone support from your named accountant client manager.
Our Grow & Control package from £400 + VAT monthly
Aimed at established businesses with the desire to grow and have all the numbers to hand.
For Your Business
- Everything in our Business Package for your business Plus
- Our assistance with planning and budgeting for your business - if you are serious you need a plan!
- Our flagship bookkeeping service delivered by our experienced and fully trained bookkeepers.
- Monthly or Quarterly management accounts with comments and insights
- Quarterly review in person with your account manager - designed to identify key actions to improve or grow your business
For You
- Everything in our Business Package for you Plus
- Consultation on planning for business exit, sale, retirement or succession - a personal plan for you and your family.
Plus unlimited e-mail support & unlimited telephone support from a named accountant client manager.
Why Choose Park Lane Accountants
Friendly service
At Park Lane, we care about you and your business, and we’re always just a phone call or email away
Peace of mind
Our helpful, jargon-free approach takes the stress out of tax, bookkeeping, payroll, pensions and more
Grow your business
Using our experience and expertise, we can help you identify and capitalise on new opportunities
Modern tools
We use the latest cloud-based accounting software to keep your finances up-to-date, accessible and secure
We are your local accountant - always
Based in the community, we understand local needs and are proud to support other small and growing businesses. That said our reach is far and we know that our clients value the relationship we hold above everything else.