Alan Pink looks at key issues and opportunities to be considered by those starting up in business for the first time.
Whether you’re completely new to business or are simply opening up a new line of business, there’ll be an awful lot to think about and attend to as part of the process of getting the business off the ground.
Tax may well seem like the sort of thing that can be left until later (preferably much later!). But it’s important not to forget tax because getting things right when you start, or even before you start, can make a very substantial difference to the tax costs that your business will face. I’ll explain how, in what follows.
For the record
It has never been more important to get your record keeping right at the outset of a business than it is now. This is because of