Virgo Associates

Business Start-Up

Starting a business is a really exciting time, but we know it is also a very busy time.

Although we are aware that it is also a highly hectic time, starting a business is a really exciting moment. You will undoubtedly have goals and plans in place, but you might not be aware of all the associated financial considerations.

We can help you throughout your journey, looking at:

  • Forming your company – deciding your company type is important, our team will help decide whether a sole trader, partnership or limited company is best for you. We will consider and advise the taxes and liabilities you may owe before making this decision
  • Make sure you are set-up and registered with HMRC for all the right things, such as VAT and Payroll
  • Help set-up your business bank account
  • Company secretarial duties
Talk to an expert
Self assessment

Our staff can make sure you maximise your exemptions while demystifying the complex world of capital gains tax, whether you're considering investments, a second home, or another asset.

Corporation tax

Every year, corporation tax rates and reliefs vary, so we make sure we can offer all the necessary assistance and advice when examining potential exemptions, allowances, and deductions.

In order to make sure you are in compliance and avoid fines, we will carefully evaluate and produce corporate tax filings.

Capital gains tax

Whether you're considering investments, a second home, or another item, our staff can make sure you maximise your exemptions while demystifying the complex world of capital gains tax.

Personal tax planning

We can help walk you through the complicated subject of personal taxation, we are aware that it can be challenging to grasp, therefore we support you every step of the way. By developing a tax planning approach that works for your tax situation and helps ensure you pay the least amount of tax, we eliminate the time and worry involved. Our staff will provide guidance on when payments are due in addition to what paperwork must be submitted and returned in order to maintain compliance.

Latest news from Virgo Associates

March 17, 2025
Higher tax threshold for side hustles: What could it mean for you?

Last week, the tax minister responsible for HM Revenue and Customs (HMRC), James Murray, delivered a speech marking the 20th anniversary of HMRC. Previously, the UK’s tax authority was known as Inland Revenue.

Read article
March 13, 2025
New contract agreed for GPs

A new deal for GPs has been agreed between the government and the British Medical Association (BMA).

Read article
March 12, 2025
Plug-in van grant extended for another year

The Future of Roads Minister, Lillian Greenwood, has confirmed that the plug-in van grant will be extended for another year.

Read article
March 10, 2025
Spring Statement news: Public spending cuts likely

News reported last week said that the Chancellor has put together draft plans for spending cuts to welfare and other government departments.

Read article
March 6, 2025
Chancellor encourages investment in emerging markets

The Chancellor Rachel Reeves met recently with major financial firms at Canary Wharf, encouraging them to invest in emerging markets to boost Britain’s economy.

Read article
March 5, 2025
Pressure on chancellor despite government surplus

The latest figures show that the government had a surplus of £15.4 billion in January. This represents the difference between the tax it receives and what it spends.

Read article
March 4, 2025
Investment in sustainable packaging firm

Pulpex, a sustainable packaging company, has received £43.5 million from the National Wealth Fund in exchange for an equity share of the business. The Scottish National Investment Bank is also investing £10 million with a further £8.5 million coming from existing investors.

Read article
February 27, 2025
40% business rates relief for film studios

Beginning last week (17 February), Local Authorities were able to begin awarding a 40% reduction in business rates bills to film studios. The tax relief is aimed at boosting the film industry in the UK and contributing towards more box office hits being made.

Read article
March 17, 2025
Higher tax threshold for side hustles: What could it mean for you?

Last week, the tax minister responsible for HM Revenue and Customs (HMRC), James Murray, delivered a speech marking the 20th anniversary of HMRC. Previously, the UK’s tax authority was known as Inland Revenue.

Read article
March 13, 2025
New contract agreed for GPs

A new deal for GPs has been agreed between the government and the British Medical Association (BMA).

Read article
March 12, 2025
Plug-in van grant extended for another year

The Future of Roads Minister, Lillian Greenwood, has confirmed that the plug-in van grant will be extended for another year.

Read article
March 10, 2025
Spring Statement news: Public spending cuts likely

News reported last week said that the Chancellor has put together draft plans for spending cuts to welfare and other government departments.

Read article
March 6, 2025
Chancellor encourages investment in emerging markets

The Chancellor Rachel Reeves met recently with major financial firms at Canary Wharf, encouraging them to invest in emerging markets to boost Britain’s economy.

Read article
March 5, 2025
Pressure on chancellor despite government surplus

The latest figures show that the government had a surplus of £15.4 billion in January. This represents the difference between the tax it receives and what it spends.

Read article
March 4, 2025
Investment in sustainable packaging firm

Pulpex, a sustainable packaging company, has received £43.5 million from the National Wealth Fund in exchange for an equity share of the business. The Scottish National Investment Bank is also investing £10 million with a further £8.5 million coming from existing investors.

Read article
February 27, 2025
40% business rates relief for film studios

Beginning last week (17 February), Local Authorities were able to begin awarding a 40% reduction in business rates bills to film studios. The tax relief is aimed at boosting the film industry in the UK and contributing towards more box office hits being made.

Read article
February 21, 2024
Action Fraud warns of remote access scams

Action Fraud has received over 30 crime reports since June 2023 relating to remote access scams targeting businesses, with victims reporting losses totalling over £3.8 million.

Read article
September 18, 2023
Google AI training for start-ups and small businesses

Google have launched AI (Artificial Intelligence) focused online training for people and businesses to help capture the benefits of AI, whether it’s to save time, get a new job, or grow your business.

Read article
February 21, 2024
The Autumn Statement is scheduled for 22 November 2023

The Chancellor of the Exchequer, Jeremy Hunt, has confirmed that the Autumn Statement will be on 22 November 2023. The Autumn Statement can affect tax policy, benefits, and much more. The Chancellor will make his announcement to Parliament, setting out the Government’s plans on all matters fiscal and economic. Interestingly, this could be the Chancellor’s last statement before the next General Election, depending on the time frame that the government chooses.

Read article
February 21, 2024
ICO consultation on the draft biometric data guidance

The Information Commissioner's Office (ICO) has produced guidance on biometric data and biometric technologies.

Read article
February 21, 2024
AI Safety Summit

The AI Safety Summit will take place on the 1st and 2nd November at Bletchley Park.

Read article
February 21, 2024
Creating value through innovation

Innovation has generally been recognised as essential for value creation, both for individual companies and for the UK economy as a whole. The development of new ideas, processes, and technologies and their flow across different sectors is a significant driver of economic growth and productivity. Recently, innovation has also been identified as crucial to the transition of the economy away from fossil fuels and carbon-intensive business activities.

Read article