Question 1

Do I need an accountant for my UK startup?

Accepted Answer

Yes — UK limited companies are legally required to file annual accounts and a corporation tax return with HMRC. An accountant ensures compliance, maximises allowable expenses, and typically saves far more than their fee.

Question 2

Do I need an accountant for my Irish startup?

Accepted Answer

Yes — Irish limited companies must file annual accounts with the CRO and a corporation tax return with Revenue. Ireland's 12.5% corporation tax rate is one of Europe's lowest, making proper tax planning especially valuable for startups.

Question 3

How much does a startup accountant cost in the UK?

Accepted Answer

FoundrBooks pricing starts from €99/month for sole traders, €249/month for limited companies and startups, and €449/month for high-growth businesses. All plans include bookkeeping, tax returns, and an AI tax assistant.

Question 4

What is the corporation tax rate in Ireland for startups?

Accepted Answer

Ireland has a 12.5% corporation tax rate on trading income, one of the lowest in Europe. There are also R&D tax credits available worth up to 25% of qualifying R&D spend.

Question 5

Am I better off as a sole trader or limited company in the UK?

Accepted Answer

As a sole trader you pay income tax on all profits (20-45%). As a limited company, you pay yourself a salary plus dividends which is typically more tax efficient once profits exceed around £30,000 per year.

Question 6

When do I need to register for VAT in the UK?

Accepted Answer

You must register for VAT when your taxable turnover exceeds £90,000 in any rolling 12-month period. In Ireland the threshold is €80,000 for goods and €40,000 for services.

Question 7

Can FoundrBooks help with R&D tax credits?

Accepted Answer

Yes — many UK and Irish startups qualify for R&D tax relief. In the UK this can reduce your corporation tax bill significantly. In Ireland, the R&D tax credit is worth 25% of qualifying expenditure. FoundrBooks can assess eligibility and handle the claim.