- +232 73 253666
- hello@slonec.com
- 1 Hannah Benka-Coker Street, Freetown, Sierra Leone
Home Accountancy Accountancy for start-ups
Accountancy for start-ups
Get your registration, records and tax set up properly from the start, so you are not fixing them later.
Prefer to talk? Call +232 73 253666 or message us on WhatsApp.
The first months of a new business are busy, and bookkeeping and tax are easy to leave until later. But catching up on missing records, late registrations and unfiled returns costs more than doing them as you go. Starting with a simple, correct set-up saves time and money.
If you plan to raise money or borrow, lenders and investors will want to see proper accounts. Clean records from the start make those conversations easier.
A new business in Sierra Leone usually registers either as a company with the Corporate Affairs Commission (CAC) or as a business name with the Office of the Administrator and Registrar General (OARG). It then registers with the National Revenue Authority (NRA) for a taxpayer identification number, opens a bank account, and registers with NASSIT once it employs staff. Depending on the activity, a local council business licence or a sector licence may also be needed.
None of these steps is hard on its own. The trouble comes when they are done out of order, or when the business starts trading before the books and tax are set up. We help founders, including members of the diaspora setting up at home, put the pieces in place in the right sequence, and then keep the records and returns going as the business grows.
Scope and fees are agreed in writing before work starts.
1
Initial call about your business plan and what is already in place.
2
Set-up plan covering registration, bank accounts, records and tax.
3
Set-up carried out with you.
4
Ongoing support with books, payroll and returns as you grow.
It depends on your plans, who owns the business and how much risk you are taking on. A company is a separate legal person and is usually expected by investors and larger clients. A business name is simpler. We explain the differences in tax and paperwork before you decide.
Yes. Many of our start-up clients are members of the diaspora. We can handle the registration and set-up work in Freetown and keep you updated wherever you are. If you would rather contract from the UK, see Your route into Africa.
From the first transaction. Keeping records from day one is far cheaper than rebuilding them later, and it means your first tax returns and accounts are straightforward.
Not always. GST registration depends on your turnover and the type of supplies you make. We check your position when you register with the NRA and tell you if and when registration applies.
Yes. Investors and lenders want clean accounts, clear ownership records and proof that tax is up to date. We set these up from the start and can prepare figures for a pitch or loan application.
Freetown · 1 Hannah Benka-Coker Street
Your work is handled by the SLONEC Accountancy team at our Freetown office and overseen by Ishmael Bangura, who founded SLONEC in 2023 and is a professional accountant. When you get in touch, we tell you who your day-to-day contact will be and how to reach them, and we agree the scope and fee in writing before any work starts.
Tell us what you need, or book a call to talk it through first.
SLONEC is an accountancy and consultancy firm that specialises and provides a wide range of accountancy and consultancy services to individuals, businesses, and organisations within Sierra Leone and beyond.