T

he least interesting but most important aspect of running a company or sole trader business, filing PAYE submissions, VAT returns, annual accounts and tax returns can feel like a tedious task and expense, however having all this taken care of correctly from day one not only keeps the business free of unnecessary late filing penalties but is also a basis for other vital aspects of financial management such as regular reporting and cash flow forecasting, not to mention the potential VAT rebates that many early stage businesses can find to be a vital source of working capital.