Is this the year you are going to take control of your destiny and be your own boss? Then you need the Abacus Accountancy “Start-Up Checklist”. Make sure you tick all these boxes before you cut your ties to a regular salary and stability – you may not meet them again for a while 🙂

Start-up checklist:

– Check your current employment contract
Are there any clauses in your contract that state you’re unable to start your own business?

– Be honest
If you setup your new business as a limited company and register as a Director, this information is in the public domain. A suspicious employer could find this out before you decide to tell them!!

-Be respectful
Don’t waste company time working on your business idea. Leave on good terms – you never know when you’ll have to call upon your former colleagues or boss for support.

– Compliance
Let HMRC know so you can file your Self Assessment on time and pay the correct tax on your income. It is a legal requirement to inform HMRC once you start earning from your business. Don’t create any additional worry or concern for yourself by not having your taxes organised.

– Work / life balance
Working two jobs can be very tricky to juggle. Remember that your health is important. Don’t work yourself to the point of exhaustion or illness.

– Be organised
Structure your precious time well and you’ll find your productivity levels soar. Set realistic goals and stick to them. There are many Apps that can help organise your time – have a browse and see what fits your lifestyle.

– Find support from a good Accountant
Abacus Accountancy, obvs!!! We’re not just here for tax and year end returns, we can help you write a business plan, source funding and show you how to keep on top of your numbers – that’s our niche.

Get in touch today and we will make sure you are not alone – 01376 34 35 35 or e-mail info@abacus-accountancy.com

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