CHOOSING A TRADING ADDRESS
You have options depending on your requirements and the image you want to present to your clients and potential clients:
- Your home address is an obvious choice if it is where you are going to be based while you are getting started.
- A virtual office
- Renting/leasing space
CHOOSING A YEAR END
As a sole trader or partnership, you may want to look at a year end of 30th April. Setting this as your year end date defers the tax that you pay on profits for as long as possible, and is therefore good tax planning in a start-up scenario.
As a Limited Company, 31 March is a popular year end. Benefits of an April year end do not apply – indeed often makes tax planning more difficult.
I have worked with Tim Haggard for a number of years and always find him to be incredibly knowledgeable and happy to help. Our working relationship is so refreshing that it often feels like he is a part of our company... '
MR GORRIN, W1