Are you starting a new business? Here's what you need to do...

Starting a new business?

Compliance might sound boring — but it’s the backbone of running a legit, stress-free operation.

And trust us, skipping it can get expensive real quick.

Here’s your no-fluff breakdown of what you actually need to do to stay compliant from day one: 👇

1️⃣ Pick your business structure

Are you a sole trader, setting up a limited company, or teaming up as a partnership?

This choice affects how you’re taxed, what you’re liable for, and what you’re legally responsible to do.

⚡ Not sure? Chat to an accountant first.

2️⃣ Register with the right people

🧾 Sole traders: Register for Self Assessment with HMRC

🏢 Limited companies: Register with Companies House and HMRC for Corporation Tax

💼 Hiring? Register as an employer and set up PAYE.

3️⃣ Don’t miss industry-specific licences

Depending on what you sell or do, you may need licences or permits.

(Think beauty, food, childcare, events etc.)

4️⃣ Stay on top of the paperwork

📅 File your annual accounts (for limited companies)

📊 Submit your tax return on time (Self-Assessment or Corporation Tax)

🧾 Keep clear, accurate financial records from day one — not six months in when it’s a mess.

5️⃣ Mind your data

If you collect or store any personal data (client info, emails, payment details), make sure you’re GDPR compliant.

Yes, even if you’re “just small.”

6️⃣ Think about trademarks & protection

Got a unique name, logo, or product?

It might be worth protecting it before someone else does.

7️⃣ Sort your insurance

Some industries legally require it. Even if they don’t, cover like professional indemnity or public liability can save you from major headaches.

✅ The bottom line?

Compliance doesn’t have to be overwhelming — especially if you tick things off early and get support when you need it.

📩 If you're unsure what's relevant for your business, drop us a message and we’ll talk you through it.

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