Starting a new Business in Guernsey

Considering starting a new business in Guernsey?

The island continues to see strong economic performance overall despite the problems the recent pandemic has presented. Nevertheless, many people have lost their jobs, or found themselves reconsidering their work / life balance.

It may be the right time to think about getting started with that business idea you have, or you simply want to be your own boss. Whatever your reason, we are here to support you on your journey of starting your business.

Getting things right from the beginning makes a huge difference in whether your business succeeds, and we have the experience to provide as much help as you need.

Structure and Planning

When starting a business getting the right structure is important, as changing direction down the line can be messy and time consuming. Read our article here about the difference between trading as a sole-trader or incorporating a limited company.

We can help you decide which best suits your plans and your specific circumstances and use our network to complete any incorporations.

Record Keeping

There is a simple requirement to keep financial records. Many people either struggle with numbers, or simply don’t want to spend their time on admin when they could be working in their business. Our bookkeeping team offer bespoke support designed to meet your precise needs, from undertaking quarterly bank reconciliations to looking after all your bookkeeping, invoicing and payroll requirements.

Tax Compliance

As soon as you start trading there are requirements to comply with for both income tax and social security. We can liaise on your behalf with the Revenue Service ensuring you stay compliant. In addition we will take care of qurterly distribution reporting and ensure you pay any tax required on time.

Advisory Services

We not only provide compliance services, but we love to bring our experience to assist you in growing your business. Regular management accounting reporting, face to face meetings, ad-hoc support and even full CFO services are available to help you at every stage of your growth. Our experienced team will become fully engaged in your story and we like to become a key part of your business.

If you would like to know more, call us on 01481 710899 or book a free consultation here.

The Information on this website is intended for guidance only. It is based upon our understanding of current legislation and is correct at the time of going to press. No liability is accepted by Evans Bond Limited for actions taken in reliance upon the information given and it is recommended that appropriate professional advice should be taken.

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