Before actively forming your company on your behalf, Prime will discuss which business structure would be most suitable for you. Having managed hundreds of companys' formations, Prime is widely experienced in advising which business structure would best match your requirements:

Business planning is essential if you are to maximise the profit potential of your business. Prime Chartered Accountants offers a business planning service to help identify appropriate targets and set key measures for your company’s performance and profitability.

Should you be VAT registered? Until your business reaches the compulsory VAT registration threshold, you will have the choice to become voluntarily VAT registered. Whereas businesses reaching the compulsory threshold must make an application to become VAT registered with HMRC and subsequently file VAT returns.

As a new employer, you will need to set up a Pay As You Earn (PAYE) scheme with HMRC in order to submit Income Tax and National Insurance payments for your employees. Our guide, Payroll – Basic Procedures, gives a basic overview of what you need to operate PAYE, including which forms you'll need and key dates. Prime can assist you with this process if you wish to manage your company’s payroll in-house.

Getting the structure of your business right can have a tremendous effect on the amount of tax that you will pay over its lifetime, and when you sell or pass it on.

Every business needs a way of keeping its books. There are lots of systems to choose from, both installed on your computer or used online.

Every business, now matter how small, needs systems both to enable it to comply with the regulations relevant to that type of business but also to provde the business owner with information about how the business is performing and to help him or her deliver their product or service.

Every new and established limited company has to comply with the statutory requirements of company returns. Our team specialises in all levels of Company Secretarial services which means your business can be assured of statutory compliance at all times.

Any business, large or small, is likely to face the unexpected at some time but you can reduce this risk by planning ahead, giving your company protection for the future. Whether your business is an LLP, sole trader, partnership or limited company, Prime’s Company Protection schemes provide you with complete peace of mind and are designed to match your business and personal requirements:

We provide a very comprehensive but cost-effective shareholders' agreement. Every company should have one. Get in touch and find out more.

A large number of overseas businesses have experienced the benefits of utilising Prime Chartered Accountants to form their UK operations. Prime has significant experience acting for overseas-owned companies and provides a range of company formation, accounting and advisory services.