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.
Understanding your numbers by working with your accountant
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Understanding your finances?
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Keeping your records up to date?
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Meeting Deadlines?
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Contacting your accountant for help and advice?
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Growing your business systematically with confidence?
You know what to do
Dont get left behind - help is on hand
Technology is changing the way we do business and how accounts are kept. Soon the government will require many businesses to submit their tax information via the cloud. At Park Lane Accountants we want to make sure nobody gets left behind. We’ll introduce you to cloud accounting and help you implement the right tools for your business.
Package 1 - For Smaller Businesses
For your business
- Accounts & Tax Returns prepared and filed in good time (for Companies, Partnerships and Sole Traders)
- Companies House Annual Return prepared and filed if applicable
- Ongoing access to advice via your dedicated client manager
For you
- Your Personal Tax return prepared and filed in good time.
- Tax saving advice included
Key Features as standard
Access to a dedicated named client manager ensuring guidance and advice
Access to our secure online document vault to allow secure exchange of information
Fast onboarding and we deal with your old accountant
All services can be added or scaled and are flexible - pay for what you need and nothing else.
Package 2 - For Established Businesses
For your business
- Everything detailed in package 1 plus
- Bookkeeping - keep everything tidy and organised
- Payroll - keep everyone paid and happy knowing the complexities are covered
For You
- Your Personal Tax return prepared and filed in good time plus up to 3 sources of income including:-
- Rental Accounts
- Dividends
- Self Employment
- Employment
- Pensions
- Tax saving advice included
Key Features as standard
Access to a dedicated named client manager ensuring guidance and advice
Access to our secure online document vault to allow secure exchange of information
Fast onboarding and we deal with your old accountant
All services can be added or scaled and are flexible - pay for what you need and nothing else.
Package 3 - For Businesses Insights and/or Growth
For your business
- Everything detailed in business package 2 plus
- Monthly or Quarterly Management Reports with a quarterly meeting either in our office or online live
- At least one planning session per year where we will look forward, set target and goal and measure progress.
- Ongoing business advice and insight to help you identify opportunities to grow and make more money.
For You
- Everything in package 2 plus mortgage references ioncluded as standard.
Key Features as standard
Access to a dedicated named client manager ensuring guidance and advice
Access to our secure online document vault to allow secure exchange of information
Fast onboarding and we deal with your old accountant
All services can be added or scaled and are flexible - pay for what you need and nothing else.
Peace of mind
Grow your business
Peace of mind
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.