CHARTERED ACCOUNTANTS

Supportive. Effective. Efficient. Experts in tax and finance.

Business start-upJoleen’s fusion fashion business

BUSINESS START-UP

AT 24 AND FRESH OUT COLLEGE WITH HER DEGREE IN FASHION DESIGN, JOLEEN WAS UNPREPARED FOR COMMERCIAL SUCCESS.

A gap year in the Far East had inspired Joleen’s fun, fusion designs ensuring a First Class Degree and close attention from major fashion houses. Despite offers of employment, she had finally decided to take the extremely risky step of going it alone in the fashion world.

As it turned out her decision was a good one. She retained creative control and fashion buyers loved her zany but practical collections.

JOLEEN

WAGS.CO.UKsubstancesizzle and

We have the expertise to manage these tasks for you, effectively and reliably, relieving you of an administrative burden, so you can concentrate on your business.

Our tailored fees mean this is a cost effective solution.

Business plan preparation

Tax efficient structuring of your business

Assisting with company formation and company secretarial duties

Establishing relationships with banks, insurers etc

Management accounts

Registration of your business with HMRC

Preparation of cashflow projections

Tax planning

Annual accounts and (where necessary) annual audit

Raising finance

WAGS.CO.UK

IF YOU ARE A BUDDING ENTREPRENEUR WHO IS READY TO TAKE THE PLUNGE AND START YOUR OWN BUSINESS WE CAN HELP:

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But Joleen had a problem, success was so fast and furious, her business infrastructure was a complete mess. In fact she didn’t really have a

business; she was still essentially a self-employed freelance designer. Realistically, as a business proposition, it was looking like all sizzle with no substance.

Luckily for Joleen her family was full of entrepreneurial talent. Some of her older and wiser relatives boldly suggested that she needed professional help. An Aunt and Uncle who owned an import-export business sat her down and pointed out the basics. “What you need” they told her, “is professional help to structure your business with an eye to the future. It looks like it’s going to really

take off.” They also pointed out that her strengths didn’t lie in bookkeeping, taxation or VAT. They got her to understand that, although she was capable, she wouldn’t really have time to devote to preparing business plans, cashflow projections, loan applications and the like.

Joleen could recognise words of wisdom and experience when she heard them, she wanted sizzle and substance for her business. First thing the following Monday morning she called Wagstaffs to engage the business start-up advice and ongoing support she needed to ensure her long-term business success.

65A SUITE OF SERVICES THAT ENSURE YOUR ACCOUNTANCY REQUIREMENTS ARE MANAGED EFFECTIVELY, AFFORDABLY AND WITH THE HEART OF PROFESSIONALISM THAT YOU NEED.

years young

65 years young gives us a lifetime of experience and

expertise that we want to share with our clients.

From start-up and raising finance, to managing growth and eventual exit. successbusiness

WAGS.CO.UK

CHARTERED ACCOUNTANTS

Wagstaffs Chartered Accountants, Richmond House, Walkern Road, Stevenage, Herts, SG1 3QP.

T: +44 (0) 1438 740074 E: info@wags.co.uk W: wags.co.uk