Start with the right financial foundations.
From choosing a structure to your first VAT return, we help new businesses set up properly and stay on top of the numbers from day one.
What we’ll help you sort out
- Sole trader or limited company
- Company and HMRC registrations
- A business bank account and cloud software
- How to pay yourself tax‑efficiently
- Every deadline in your first year
How it works
From idea to trading in four steps
01
Free consultation
We talk through your plans, income and goals.
02
Choose your structure
We compare sole trader and limited company for your numbers.
03
Set up and register
Company, HMRC registrations, bank and software, done properly.
04
Ongoing support
Bookkeeping, payroll, VAT and advice as you grow.
Praddy provides a responsive, personable, and efficient accountancy service.
James Croft
Free consultation
Not sure where to start?
Book a free consultation and we’ll map out your first year: registrations, deadlines and software.
Should I trade as a sole trader or a limited company?
It depends on your profits, plans and appetite for admin. A limited company keeps your personal assets separate and can be more tax‑efficient as profits grow, but it comes with more reporting. We’ll compare both using your numbers in a free consultation.
How long does it take to register a company?
Online applications to Companies House are usually processed within 24 hours once all the information and identity checks are in place.
When do I need to register for VAT?
You must register if your taxable turnover over the last 12 months goes over £90,000, or if you expect it to go over £90,000 in the next 30 days alone. You can also register voluntarily below the threshold if it suits your business.
Let’s talk about where your business is going
Book a free initial consultation. We’ll listen, review where you are, and suggest the right next step.