Choose a unique business name and check availability with Companies House if forming a limited company.

Decide on your legal structure: sole trader for simplicity, or limited company for liability protection and tax efficiency.

Register with HMRC: Self Assessment for sole traders, or Corporation Tax for limited companies within three months of starting.

Set up a separate business bank account to keep personal and business finances clear for accurate record-keeping.

Register for VAT if your turnover exceeds £85,000 or voluntarily to reclaim input tax, ensuring MTD compliance.

Implement accounting software like Xero or QuickBooks for streamlined bookkeeping and financial tracking.

Understand payroll requirements if hiring employees, including setting up PAYE and pension auto-enrolment.

File a confirmation statement annually for limited companies to keep company details up to date with Companies House.

Plan for tax deadlines and payments, including income tax, corporation tax, and VAT, to avoid penalties.

Consider professional accounting services from the start for proactive support, clarity, and compliance confidence.