How to Organise Your Business Finances

You’ve settled on a business model, planned what service or product your company will offer and how it will be carried out or produced, and have the interest of some potential clients. Starting out in business on your own is a heady feeling, accompanied by a sense of power and accomplishment.

Before you jump in feet-first, however, it’s important to decide how your company will deal with the more mundane tasks of business management - filing tax returns, keeping records, invoicing and paying out salaries. Will you operate your business as a limited company, or would you be better served to enter into a contract with an umbrella company