Grow your own beans

Being your own boss is a dream that many people have. But the prospect of setting up your own business can be a daunting one. You’ll doubtless have lots of questions: Umbrella vs Limited company; tax and national insurance responsibilities and getting to grips with IR35. We can answer all your questions and get you set up as a professional contractor quickly and efficiently. Let us help you put everything in place to make your exit from the world of 9-5 an exciting one.

Why choose Beans Accounting?

Here are just a few reasons why start-ups enjoy working with us on managing their accounts:

  • Team of staff with experience of working in industry
  • Friendly staff who provide a personal service
  • All-inclusive pricing with no surprise bills
  • Our efficient working processes mean we always have time to talk to you

Start Ups

In the world of startups, life moves fast. With Crunch, you get unlimited advice from our startup accountants, plus online accounting software that allows you to manage your business finances anytime, anywhere. It’s why Crunch is trusted by our 10,500 customers to help them with their accounting, bookkeeping, tax returns and much more. With our Small Business service we can also support your startup from company formation right through to adding payroll and pension services.

Contact Beans

Get in touch with us today to talk about a free consultation on setting up a business.

01925 653666

We see many start ups

We have much experience

Experienced accountants from industry so we have experience to support you as you grow

  • We will agree our prices in advance so there are no hidden surprises
  • Monthly payment to spread the cost

  • We provide full support with set up
  • Training available tailored to your needs

  • We will provide you with a set-up plan so you can be sure that everything has been considered.
  • A process design workshop is included to help you work out who does what in your day to day business.

  • Your own accountant who is available to answer your questions.

  • The cost of this is included in your package – we will agree with you the right time to do this.

  • This policy will cover all professional fees of dealing with an HMRC investigation – these can be high, even if you have been fully compliant.
  • We will make sure that you get the best support available to ensure the best outcome for you in an investigation.

FAQs for Start Ups

  • We meet people from all backgrounds who want to start their own businesses.
  • Three categories particularly common:
    • Young individual who have completed their training, apprenticeships or studies
    • Individuals who have to adapt to a life changing event eg redundancy or parenthood.
    • Individuals with many years work experience seeking a career change.
  • All have challenges. But we have seen all types of individual make a success. What’s important is that your business is thought through and planned.
  • We help many start ups – whats Important is to see us early.

  • Some people can their own business while employed eg NHS staff who also have a private practice. Important to agree this with employment
  • but it’s usually quite difficult to juggle both. Some individuals manage to do some pre-trading preparation while still employed, but event this can be difficult. To get your new business off the ground you will need to be fully immersed in it and available to make contact with customers or suppliers to get things off the ground. Therefore, most people tend to finish their job and start the new business with a minimal overlap.

  • It is deceptively simple to set up a business.
  • As a sole trader all you need to do is register with HMRC.
  • If you decide to trade through a limited company then you can have your own limited in less than two days.
  • But you have to make sure you set everything up correctly and that you keep up with your paperwork to avoid making mistakes that could be costly.


  • In our experience, the most difficult part can be taking the plunge and actually getting started. It’s a nerve-racking time but we can show you what’s out there to give you the assurance you need to before starting your own business. We can help you remove some of the barriers that are stopping you from getting started.
  • Remember that millions of people have started businesses, from all different backgrounds. Sometimes people have spent years in industry and want to leave to follow their dreams. Others may be set to return to work after a break and are looking for greater flexibility. For all reasons and backgrounds, people are leaving their jobs to start their own business.
  • But you have to make sure you set everything up correctly and that you keep up with your paperwork to avoid making mistakes that could be costly.
  • We have lots of experience of helping people to set up a business and we know what ‘good’ looks like.We will help you put things in place that will give your business a great foundation.
  • Please speak to us as soon as you are thinking of starting your business so we can set you on the right path.

  • In short, right away. It’s really important to speak to an accountant before you get started make sure you avoid making expensive mistakes.
  • For example did you know that you can claim losses back against your previous salary if you set up as a sole trader? But the same is not true if you create a Limited Company.
  • Our first meeting is free and we can help you create a road-map of everything you need to do.
  • We will help you decide on the best legal structure, whether you should register for VAT and how to take an income from your business.

Every case is different, but we can help you create a plan that’s right for you and will help you look for finance or any other start-up support

  • Sole trader is the simplest legal form, but it offers no limited liability if someone makes a claim against you.
  • A partnership is a venture run by two or more individuals. It has the same legal status as a sole trader and offers no limited liability.
  • Limited companies are easy to set up and offer great flexibility. They provide limited liability to its owners, and could save you tax. But they are much more complicated to run.
  • More information on the different legal structure can be found on…
  • There are a number factors to consider when deciding on the ideal legal form. This is why you should see an accountant early.

  • Yes, this can be done and is quite straightforward.
  • Often makes sense to start as sole trader when business is small and then to convert to limited company as business grows.
  • There is some planning required. At Beans we have a programme which we use to make the transition as seamless as possible.
  • Always take advice.

  • Not necessarily. Generally you will have to register for VAT when your sales in the previous 12 months exceeded £85,000.
  • Whether you actually need to register depends on what you sell, as some items are exempt from VAT.
  • There may be circumstances where you could save tax by registering for VAT even your sales are below £85,000.
  • We can help.

What our clients say…

  • “After a long career as a physiotherapist for the world’s leading cyclists at three Olympic Games and seven Tour de Frances, I have now set up my own business helping cyclists at all levels to improve their health, comfort and performance. Taking the plunge to set up my own business felt like a massive gamble at the time but it has been the best thing I ever did. I have never looked back and would encourage others to do the same and follow their dreams”


    Phil Burt | Owner at Phil Burt Innovation

Our basic packages at a glance:

We will advise you on the best legal form

Sole Trader

  • Personal tax return (Self Assessment)
  • One-Tap
  • Tax investigation insurance
  • Tax and accounting advice from your accountant

Additional services available

  • Set up on cloud accounting software
  • Bookkeeping


  • Fixed price based on size of business, so there are no surprise bills
  • Reduced fees for clients using One-Tap or cloud based software

Limited Company

  • Company accounts
  • Corporation tax return
  • Companies House Filings
  • Accounting software (Freeagent or Xero)
  • Personal tax returns for shareholders and directors
  • Payroll for directors and employees
  • Tax planning to ensure tax efficient extraction of profits
  • Process design workshop
  • Tax investigation insurance
  • Tax and accounting advice from your accountant

Additional services available

  • Set up on cloud accounting software
  • Bookkeeping
  • Business planning and forecasting


  • Fixed price based on size of business, so there are no surprise bills