The most common trigger points for getting an accountant as a startup are:

1. Incorporation

2. Hiring your first employee

3. Registering for VAT

4. Filing your first accounts

All of these milestones can make your bookkeeping and accounting increase in complexity and hiring an accountant becomes more worthwhile. Novabook can help with these issues from £22/month for their most basic services.

Novabook specialises in providing startups across all industries with any accountancy support they need, whether they are a pre-revenue freshly incorporated company or needing support with book-keeping and limited company accounts. Novabook accountants, trained at the likes of PwC and EY, work from their London office to get back to you as quickly as they can with a simple and informative answer to all of your ad hoc accounting questions, as well as offering the lowest admin way for a founder to track all of their accounting and finance needs using Novabook’s portal.

FAQs

Do I need an accountant before I have revenue?

• Limited companies have filing implications before they start generating revenue, including confirmation statements, corporation tax and annual accounts, even if the company is dormant. Many founders get set up early so the books are clean from day one; Novabook can help with this and provide bookkeeping services for just £22/month.

How do I choose an accountant for my startup?

• You should choose your accountant for your startup based on a combination of three factors; pricing, industry knowledge, and what services you need or are likely to need in the future. Novabook specialises in accounting for startups, and works with clients across all industries to take as much off your plate as possible and minimise your administrative load.

Can an accountant help if I need to pay employees?

• Yes - accountants can help with calculating gross pay and deductions, processing payslips, pension contributions, National Insurance contributions and filing payroll with HMRC. Novabook offers a comprehensive payroll service for £15/month, including all of the above and batch payments, streamlining payroll as your business grows.