Checklist
Financial Foundations for Your Business
Track your progress through these essential tasks. Your progress is saved automatically.
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1Open a dedicated business bank account
2Register for Self Assessment with HMRC
3Set up accounting software and connect to bank
4Create a system for storing receipts
5Calculate and set aside money for tax
6Review business insurance needs
7Set up a separate savings account for tax
8Research and choose a pension provider
9Create a simple budget for business expenses
10Set up regular time for bookkeeping (weekly recommended)
11Decide on your drawing/salary strategy
12Research allowable expenses in your industry
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