Small business accountants in Brent Cross

Established owner-managed businesses in Brent Cross with turnover roughly between £50,000 and £1 million: shops and cafes, trades and building firms, agencies and consultancies, workshops and small manufacturers, professional practices, franchisees, and family companies with a handful of staff, trading as sole traders, partnerships or limited companies.

• Monthly bookkeeping with bank feeds and receipt capture, reconciled and summarised each month
• Annual accounts and Corporation Tax return, or sole trader accounts and Self Assessment, prepared and filed
• Quarterly VAT returns and payroll for up to five staff in the Complete package
• Quarterly management accounts with commentary in the Premium package
• A named contact who knows your business and answers questions without a clock running
• Switching health check: a one-off review of your current setup, refunded if you join

1. Scope the job

   We find out what you need filed, when it is due and what state the records are in, and tell you which fixed-fee package applies.

2. Agree the price

   The fee is confirmed in writing. There is no hourly billing and nothing added for questions during the work.

3. Hand over the records

   Photographs, PDFs, software access or a spreadsheet, sent however suits you. We confirm what we have and what is missing within two working days.

4. Approve, then we submit

   You review the draft with our explanation, sign off, and we file. Receipts, copies and the next deadlines come back to you immediately.

Brent Cross is in North London, within Barnet, in the NW11 postcode district, England. For businesses in England the tax rules are those set by the UK Parliament: the 20/40/45% income tax bands, Class 4 National Insurance for the self-employed at 6% and 2%, Corporation Tax at 19% to 25%, and Stamp Duty Land Tax on property. Business rates are set locally by the council.

CIS deductions

The Construction Industry Scheme affects both sides of a construction payment. Contractors must verify subcontractors, deduct the right amount, issue statements and file monthly, with penalties from £100 for each late return. Subcontractors suffer deductions on turnover and recover the excess at the year end. Limited company subcontractors offset deductions against PAYE monthly instead.

Confirmation statements and identity verification

Companies House has tightened its requirements under the Economic Crime and Corporate Transparency Act: every company needs a registered email address and an appropriate registered office, every statement includes a lawful-purpose declaration, and every director and PSC must verify their identity. The confirmation statement, due annually with a £50 fee, is where most of this is confirmed.

Payments on account

A common surprise in Self Assessment is the January payment that is far larger than expected. That is the balancing payment for the year just ended plus the first payment on account for the year ahead, which HMRC sets at half of the bill just calculated. We put the figure in your hands months ahead and tell you how to adjust it legitimately when circumstances change.

The Self Assessment calendar

Self Assessment runs on a fixed annual cycle. Registration by 5 October following the tax year, online filing and payment by 31 January, and a second instalment on 31 July for those making payments on account. The penalties for lateness are automatic and escalate monthly, which is why we file early and chase approvals well before the window closes.

Making Tax Digital for Income Tax

Making Tax Digital for Income Tax began in April 2026 for sole traders and landlords with qualifying income over £50,000, extends to those over £30,000 in April 2027 and is planned for £20,000 in April 2028. It requires digital records in compatible software and four quarterly updates to HMRC each year, with a final declaration replacing the traditional return. Payment dates are unchanged.

Late filing penalties

Lateness is expensive in a way that compounds. For individuals, £100 immediately, then daily penalties, then percentage-based ones at six and twelve months, with interest running on unpaid tax throughout. For companies, Companies House penalties scale with delay and double on repeat, and HMRC adds its own for a late CT600. Filing on time is the cheapest tax planning there is.

Corporation Tax rates and marginal relief

Corporation Tax is not a flat rate. Profits to £50,000 pay 19%, profits above £250,000 pay 25%, and the band between is taxed at an effective marginal rate of 26.5% through the marginal relief mechanism. Associated companies share the thresholds, which catches directors who own more than one company and is the most common cause of underpaid tax in owner-managed groups.