Business Start Up

Most people who start up in business do so because they have a good business proposition and the enterprise and commitment to see it through, not because they are experts in the legal, financial and fiscal aspects of running a business.
Indeed, these matters can often seem daunting, and even off-putting, to the budding entrepreneur. The good news is that you do not need to be an expert in these fields to succeed in business. All you need is the support of a team of trained experts.
That’s where we fit in. Bring us your business ideas and we’ll help you to evaluate them in a constructive and realistic manner. We can also help you:
Decide on the most suitable structure for your business – sole trader, partnership or limited company.
Prepare a business plan, cashflow projections, budgets and trading forecasts.
Assess your finance requirements, advise on the best sources of finance and draw up the necessary proposals.
Establish a good working relationship with your bank.
Complete any registration procedures with Companies House, Inland Revenue or Customs and Excise.
Deal with company secretarial issues.
Set up a recording system for your internal use and for complying with statutory requirements.

Self Assessment

The term ‘self assessment’ is proving to be one of the great misnomers of all time. Many taxpayers struggle to understand the complex tax returns and complete them correctly. In the first year of the regime alone, 775,000 taxpayers received £100 penalties for failing to submit their returns on time, and some 400,000 incurred further penalties because their returns were still outstanding six months later!
The constant stream of changes to tax legislation means not only that the returns are becoming even more difficult to understand, but also that taxpayers risk incurring more penalties through failing to complete their returns on time or correctly.
We can save you a lot of time, worry and money by handling your self assessment for you. We will do all the necessary computations, complete your return and even offer advice on how you can minimise your tax liability.
We can act as your agent, dealing directly with HMRC on your behalf, and, should you be selected for a self assessment enquiry, act for you at any meetings.

Accounts Preparation & Book-Keeping

We can relieve you and your staff of an enormous burden by taking care of all your bookkeeping and accounting needs, including the preparation of your annual accounts.
Our first step is to work with you so we can gain a full understanding of your business. We then tailor our approach to your requirements so we can provide exactly the service you need.
But perhaps the most important part of this service is the preparation of management accounts. These are vital to the continued success of your business. We discuss your requirements with you and provide you with tailored information and constructive advice on essential areas such as:
Performance ratios
Customer activity
Credit control
Budget comparisons

Payroll Services

Administering your payroll can be time consuming and burdensome, diverting energy and resources from the core activities of your business. And the task is made all the more difficult by the growing complexity of taxation and employment legislation and the accompanying regime of penalties for non-compliance.
Paragon guarantees that controls and procedures will be performed to a professional, compliant, and high quality standard, with timely production of payslips and reports. We can handle everything: basic pay, overtime, bonuses, statutory payments and deductions.
Our range of Payroll services and advice covers the following:
Comprehensive advice on all statutory requirements regarding PAYE, NIC and payroll.
Advice on payroll aspects of the Working Family Tax Credit and Stakeholder Pensions.
Advice on how to prepare and deal with PAYE audits.
Advice on status issues; employee or subcontractor.
Advice on subcontractors’ tax systems.
Fully comprehensive SMP and SSP advice.
Advice on PAYE year end procedures, completion of forms and penalty avoidance.
Advice on redundancy and termination procedures and payments.
Advice on overseas workers seconded to and from the UK regarding the reciprocal agreements currently in force.
Registration and set-up of new PAYE schemes.
Advice on employment legislation.


In an era where the threat of penalties and interest is likely to accompany any error, businesses and individuals cannot afford to make mistakes when it comes to VAT.
The ever widening scope of VAT, the constant stream of detailed changes to the regulations, and the ever growing demands of Customs and Excise call for a trained professional eye to ensure that you do not fall foul of the regulations and do not pay the Exchequer more than you need to.
Our approach is hands-on and personal and we are dedicated to obtaining the best result for our clients. We always work closely with clients until completion to ensure that this is achieved.
Services We Offer
• Advice and assistance on VAT
• Help with the completion of VAT returns
• VAT planning and minimising your
• Guidance on high-risk areas of VAT
• VAT treatment of Listed buildings
• Not-for-profit activities
• Dealing with disputes with Customs
• Advice on the VAT liability on supply
• Providing support with VAT inspections
• VAT health checks to provide an
• Negotiating the payment of VAT arrears
• Advice on record-keeping requirements