For Start-ups

Starting a new business is both exciting and daunting. Getting the right advice in the early stages is crucial to its survival. We have a dedicated team who specialise in start-up and micro businesses. Their job is to fill in the gaps...

What gaps? You have the idea, you have the skills and you have probably already pulled together the funds to get going. You may even be trading. What we do is provide the answers to the business questions you don’t know you have, putting you in the best possible position to let you concentrate on business growth and success.

As one of the largest providers of business, tax and accounting advice in Wales, you can trust that we are here to support you from Day One. Whether its preparing business plans, tax, company structures and formations, raising finance and funding or advice on bookkeeping and systems. From the simple to the more complex like Construction Industry Scheme (CIS) let us be part of your success.

“Starting a business can be rewarding and invigorating, but it can also be risky and challenging… and those that seek professional help have an even better chance of success.” (The Bank of Wales)

Let us be part of your success.

We have over 70 years' experience helping start-ups and microbusinesses get off the ground.

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We offer...

Accounts and Bookkeeping

Preparing year-end accounts and explaining what they mean
Preparing regular management accounts (monthly or quarterly)
Accounts and bookkeeping help and advice
Advice on what bookkeeping system to use
Helping clients to setup and use various desktop bookkeeping systems such as Sage
Advice and support for various cloud based accounting software such as Xero, Quickbooks Online and Sage One
Sorting out accounting problems. As your trusted advisors, we will be on hand to support you and your team as you come across any accountancy questions or problems.

Audits

Statutory and non- statutory audit
Audit and advice provided to charities and entities in the not-for-profit sector
Special audits e.g. Solicitors Accounts Rules
Investigative forensic work focusing on specific problems

Tax

Preparing tax returns for the business and owners
Advice on how to do things tax efficiently
Looking at all forms of tax reliefs for the business or its owners like Research & Development Allowances or Entrepreneur Relief

Payroll

Payroll - doing it for you

VAT

VAT return completion
VAT registration
Help with VAT queries, planning or disputes

Corporate Finance

Raising money
Preparing budgets/forecasts for use in trading and to raise money
Looking at grants and subsidies

Business Planning and Advice

Business structure and ownership advice
Company formation setup and advice
Company secretarial service including Companies House annual confirmation statement submissions
Advice on how to run your business
Business valuations for sale, divorce or IHT purposes and business ownership schemes e.g. share options to EMI
HR help and advice
Help in dealing with HMRC in the event of enquiries and investigations.
Advice on business expenses for staff and owners
Advice and support on how to buy or sell or add to your business

Payroll – An exemplary service

“We have switched providers in 2011 and since the very beginning the service we received from Graham Paul was excellent.

The transition from our previous payroll provider was smooth, efficient and with no difficulties. The level of service offered is exemplary. Graham Paul are always up to date and offer a prompt and proficient service.

Mihela Rebegea - Office Manager M A Rapport & Co Ltd

My accounts are in safe hands

“This short message is to express my gratitude for the invaluable help to my business from the start. I have always been able to trust the helpful advice that I received from Graham Paul. I am constantly impressed with your office professionalism and diligence related to everything my business needs. I am always pleased with the efficient way that my accounts have been prepared. I know that my accounts are in safe hands. I look forward to making use of your services in the future.”

Mr. F & Mrs. S. Koubayssi

Always there for us

Graham Paul helped us to raise our initial start-up finance at a time when funds for retail start-ups were in short supply. Just as importantly for us, they then rolled up their sleeves and worked with us on the day to day issues to get the business up & running. As we have expanded over the last year they have continued to be an invaluable source of advice. They are always there to talk to and help.

Kate Methuen-Ley - Tiger Cardiff Limited

FAQ's

Q: Should I set up a company or be a sole trader?

A: There are various advantages and disadvantages to both. Some things to consider could be the following: -

The type of industry you will be trading in.
Whether you have any other sources of income outside of the trade.
The effect it may have on your market position e.g. some of your customers or suppliers may prefer to trade or do business with a limited company as opposed to a sole trader, or vice versa

These are just some of the items to consider. Please get in touch with our team today who can guide you through what’s best for you in your situation.

Q: I am a sole trader / partner; do I pay tax on the money I draw out of the business?

A: No, your tax liability is based on the profits that the business earns. Your drawings are an anticipation of the profits of the business, which you can draw against. If you leave any monies in the business you will pay tax on it.

Q: How can I pay my Self Assessment bill?

A: Visit https://www.gov.uk/pay-self-assessment-tax-bill for information on the various methods of payment.

Q: I’m unable to pay my invoice in full, what options do we have?

A: As personal and business advisors we understand cash flow can cause issues from time to time. We would welcome you to get in touch in order to discuss this with our dedicated credit control team.

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Latest News

08 May 2023

Online VAT filing portal to close in May

HMRC has reminded businesses that file VAT returns annually that the online VAT filing portal will close from 15 May 2023.

08 May 2023

UK inflation falls to 10.1% in March

UK inflation has dropped, but remains in double-digit levels, as the cost-of-living crisis eased slightly in March.

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