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This intensive and exiting one day course teaches you everything you need to know about starting your own business. From explaining the various business structures available, through dealing with banks, accountants, solicitors, VAT, PAYE, payroll and employees, to how best manage your income, expenses, tax returns and other business operations. This comprehensive and detailed course taught by an experienced business owner and manager with decades of experience will ensure that you are fully informed of the various choices available to you for your business development and growth.
With a particular focus on managing profitability and providing best practice to ensure a steady cash-flow, our course expertly guides you through some of the technical, legal and taxation issues surrounding starting your own business. With the specific aim of ensuring your business has a firm foundation and an increased chance of survival in this increasingly competitive marketplace, this course has been carefully designed to expand your knowledge and confidence, giving your business the very best start in life possible.
Duration: 1 day.
Location: 21st Century New Media Ltd, Elstree Film Studios, Shenley Road, Borehamwood, Hertfordshire, WD6 1JG. [Click here for a map]
Times: 10.00am to 4.30pm. For security reasons, further details are only provided upon booking.
Equipment: Our fully featured training room includes six top-of-the-range iMac computers configured to work in both Macintosh (OSX) and PC (Windows) modes, ensuring you the maximum familiarity with your chosen operating system.
Accommodation: Details of local accomodation can be found here.
Further assistance: Our FAQ help page contains the answers to many popular questions. Alternatively please call 0844 844 2428 to arrange to speak to our training manager.
COURSE CONTENT
Have a business idea, but now what?
- Is it unique?
- Can it be profitable?
- Basic market research
- Highlighting your USPs
- Write your own business plan
Choosing a legal entity for your business
- Sole trader
- Partnership
- Limited liability partnership
- Private limited company
- Public limited company
- Charity
How to incorporate - a practical guide
- Using an incorporation agent
- DIY form 10 and the Memorandum & Articles
- Appointing directors and secretaries
- Issuing share capital
- Where to have your registered office
New business paperwork
- Registering with the taxman
- Registering for VAT
- Registering for PAYE
Bankers, solicitors and accountants
- Do you need them?
- How to choose an adviser
- Why a good adviser will make a difference
Employees, payroll and PAYE
- Are they really your employees?
- Tax thresholds
- Running a payroll
- End of year forms
Income and Expenses
- The importance of retaining and filing paper
- Bookkeeping and the recording of items
- Saving up for your Tax bills
Capital allowances
- What are they
- Initial allowance and writing down allowance
Company vehicles
- What is a van?
- Tax differences between cars & vans
- Form P11d and P46
VAT
- Flat rate scheme
- Cash accounting scheme
- Annual accounting
- Registration thresholds
- Business/private, mixed use items
- Complying with VAT regulations
- How to claim the right amount of VAT
- Avoiding penalties for errors
- Partially exempt businesses
- Ensuring optimum VAT recovery
- UK and EU VAT & customs duty implications in overseas trade
Tax returns
- Company tax returns
- Individual tax returns
- Payroll tax returns
- Benefit-in-kind tax returns
- Income Tax (how to shelter the 50% rate)
- Capital Gains Tax
- Inheritance Tax
- Past, Present and Future liabilities
- Simple legitimate tax planning strategies
- End of year Strategies
Branding
- Stationery
- Domains & websites
- Brochures
Red Tape
- Health & Safety
- Money Laundering
- Sector specific rules
Accountancy Software
- The importance of good record keeping
- Avoiding financial penalties
- Manual bookkeeping Vs accounting software
- Sage 50 Accounts
- Sage 50 Forecasting
- Quickbooks
Next steps
- Marketing
- Finance
- Operations
- Tax planning
- Work-Life balance
5-15% discount if you book for more than one delegate!
Further discounts are available when booking multiple courses,
Please call our training secretary on 0844 844 2428.
Further discounts are available when booking multiple courses,
Please call our training secretary on 0844 844 2428.
