For many people, working for themselves is a hugely liberating experience. Running your own business gives you the opportunity to enjoy a more flexible, engaging career that offers more variety than regular full-time employment. You are your own boss, so there is no one else to answer to. No one else’s rules to follow or policies to stick to.
It is not easy, though. Because you are the boss, the buck stops with you. You are responsible for paying all the bills, managing your accounts, complying with any legislation, staying on the right side of the taxman.
That’s why so many people running their own businesses turn to Brookson for support. Thanks to our unique technology, in-depth accounting expertise, impressive track record and a friendly approach, we can give you back the joy of running your own business. Our proactive accounting services help take away the pain from the administration and bureaucracy of managing your accounts, staying compliant and meeting your tax obligations.
You might be looking to run your business in engineering, information technology, healthcare, management consultancy, marketing, transport or aviation. Whatever the sector, we can help you work smarter.
Running your business as a limited company
If you want to run your business as a limited company, there are a number of advantages. Not least the potential tax benefits if you are a high earner, and the credibility that comes from being a company director.
If you work as a limited company, you can also take advantage of Connect, our innovative, user-friendly accounting service that connects all the different strands of your company accounts – invoices, statements, expenses, VAT, PAYE, National Insurance, tax returns – in a single, automatically-updated portal that is updated daily^ and available 24/7. And it is all backed up by our Specialist Support Team six days a week, so you are never left to fend for yourself.
By working with you to reduce your paperwork as much as possible, Brookson gives you the freedom to earn with complete peace of mind.
For more information on setting up a limited company, take a look at our free guide to running your own business.
Running your business as a sole trader
The other most popular way to run your business is as a sole trader. This can be less bureaucratic than setting up a limited company, but it doesn’t have the same potential tax benefits. Nevertheless, for a lot of people it is their first experience of running their own business.
Brookson can help by undertaking all your day-to-day invoicing and bookkeeping, we ensure your accounts are always up-to-date. We give you the information you need for the questions that matter most for any sole trader: What is the balance of my accounts? What bills have been paid in and out? How much can I safely take out of my business? How much do I owe the taxman?
Take a look at our free guide to for more information on running a business as a sole trader.