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 finances?
Keeping your records up to date?
Meeting Deadlines?
Contacting your accountant for help and advice?
Growing your business?
You know what to do
-
Understanding your finances?
-
Keeping your records up to date?
-
Meeting Deadlines?
-
Contacting your accountant for help and advice?
-
Growing your business?
You know what to do
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.
Our Service Packages are bundled for value.
They illustrate that we have an offering for every stage of the business lifecycle.
Our Service Packages are bundled for value.
They illustrate that we have an offering for every stage of the business lifecycle.
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 BusinessEverything in our Business Package for your business PlusOur 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 insightsQuarterly review in person with your account manager - designed to identify key actions to improve or grow your businessFor YouEverything in our Business Package for you PlusConsultation 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. Discover how our tailored strategies can empower your growth and ensure you are always one step ahead in your financial journey. With our expert guidance, you can navigate the complexities of business expansion with confidence and clarity. Our commitment to your success means we are always here to provide the insights and support you need to thrive in today’s competitive landscape.
Why Choose Park Lane Accountants
Peace of mind
Grow your business
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.