Startup Accountants · South East London
Startup accountants in Bromley North
Startup accounting for new companies in Bromley North: the Launch package at £59 a month forms the company, registers it with HMRC and files the first accounts; Grow at £99 adds bookkeeping and VAT; Scale at £149 adds payroll and management accounts. Fixed and published, the same in Bromley North as in any part of England.
from £59/mo · fixed, per month
Next deadlines
- VAT return and payment for the quarter that ended last month
- VAT return and payment for the quarter that ended last month
- VAT return and payment for the quarter that ended last month
- Confirmation statement due within 14 days of your review date, at least once every 12 months
Who this is for
Startup Accountants for Bromley North
New and early-stage companies in Bromley North: founders incorporating for the first time, technology and product startups preparing to raise seed investment, service businesses moving from side project to full time, two or three co-founders who need the equity and payroll structured properly, and companies in their first two years who set up alone and want it done properly now.
What is included
Everything inside the fixed fee
- Company formation and HMRC registrations in the Launch package, or a review of what has already been set up
- Cloud bookkeeping configured for a growing business, with bank feeds and expense capture from day one
- Annual accounts and Corporation Tax return, with first-period and long-period rules handled
- VAT registration timing advised and quarterly returns run in the Grow and Scale packages
- Payroll for founders and first hires, with auto-enrolment, in the Scale package
- SEIS and EIS advance assurance applications prepared for founders raising investment
How it works
Startup Accountants from Bromley North, step by step
Tell us your situation
A short message or call about what you do and what needs filing. We ask the questions that determine the right package and nothing more.
Fixed fee in writing
You receive one price for the work, confirmed by email before anything starts. It does not change if the job takes longer than we expected.
Send records, review the draft
Records come by WhatsApp or email. We prepare the draft, explain the figures in plain English and answer your questions.
We file, you get the receipts
Once you approve and the fee is settled, we submit electronically and forward the HMRC or Companies House acknowledgement the same day.
Why IGI
What you get in Bromley North
No hourly rate and no surprise invoice. Bromley North clients know the fee for startup accountants before they send a single document, and it stays fixed.
We work to the HMRC and Companies House calendar, not an appointment diary. Clients in Bromley North get reminders at 60, 30 and 7 days before each date that applies to startup accountants.
Online only, UK based. There is no office in Bromley North to pay for, which is why the fee is the same here as anywhere in England; the work is done by people in the UK who answer the same day.
Continuity matters in startup accountants: the person who prepared last year's work for your Bromley North business prepares this year's, and remembers what was agreed.
We explain startup accountants in the words Bromley North business owners use, not in accountant's shorthand, and we show our working so you can check it.
Nothing is filed for Bromley North until you have reviewed and approved it. You see the draft, you ask questions, you sign off, then we submit and send you the receipt.
Local facts
About Bromley North
Bromley North is in South East London, within Bromley, in the BR1 postcode district, England. Income tax in England follows the UK rates: 20% basic to £50,270, 40% higher to £125,140 and 45% additional, with the personal allowance of £12,570 tapered away above £100,000. National Insurance, VAT and Corporation Tax are UK-wide, and Stamp Duty Land Tax applies to property purchases.
| Place | Distance | Direction |
|---|---|---|
| Bromley Town | 0.4 mi | S |
| Bromley, South East London | 0.5 mi | S |
| Bromley South | 0.6 mi | S |
| Plaistow and Sundridge | 0.6 mi | N |
| Widmore | 0.7 mi | SE |
| Sundridge, Bromley | 0.7 mi | N |
| Shortlands | 0.9 mi | W |
| Bickley, Bromley | 1 mi | SE |
Worth knowing
Rules that come up in this work
Record keeping
HMRC requires records of all income and expenses, bank statements, invoices and receipts to be kept for at least five years after the 31 January filing deadline of the tax year they relate to, and companies must keep records for six years from the end of the accounting period. Digital copies are acceptable. Under Making Tax Digital the records must be kept in compatible software.
Allowable expenses
An expense is allowable against trading profit if it is incurred wholly and exclusively for the business. Materials, business travel other than ordinary commuting, a proportion of home running costs, software, insurance, professional fees, bank charges and protective clothing qualify. Client entertainment, ordinary clothing, fines and the private share of mixed-use costs do not.
Crypto records and reporting
Crypto tax splits into capital gains on disposals and income on rewards, with different rates and different reporting. The £3,000 annual exempt amount and the 18% and 24% rates apply to gains; staking, mining and airdrop income is taxed at marginal income tax rates. HMRC's nudge letters to holders have increased sharply, and a voluntary disclosure before one arrives is treated far more leniently.
The 60-day property CGT return
Selling UK residential property that was not your main home for the whole period of ownership triggers a separate Capital Gains Tax return, due within 60 days of completion along with payment of the tax. This is in addition to the annual Self Assessment. The gain is taxed at 18% or 24% depending on your income band, after the £3,000 annual exempt amount.
Dormant companies
Companies formed to protect a name or hold a future business are dormant but not exempt: Companies House still expects dormant accounts within nine months of the year end and a confirmation statement annually with its £50 fee, and HMRC must be told the company is dormant or it will demand Corporation Tax returns. The filings are short, but the penalties for missing them are the same as for a trading company.
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.
The trading and property allowances
Not every small income needs a tax return. The trading allowance exempts the first £1,000 of self-employment or casual income and the property allowance does the same for rental income, each measured on gross receipts. They cannot be combined with rent-a-room relief on the same income, and claiming the allowance means giving up the expense deduction for that source.
Questions
Startup Accountants questions from Bromley North
What does the £59 Launch package include?
Company formation with the Companies House £100 fee passed on separately, Corporation Tax and PAYE registration, a registered office if you want one, cloud software set up, the first confirmation statement and the first set of accounts and CT600 filed. It is for founders who will keep their own books in the early months.
When do I need Grow or Scale?
Grow at £99 adds monthly bookkeeping and quarterly VAT returns, and suits most startups once transactions and VAT registration arrive. Scale at £149 adds payroll for founders and first hires with auto-enrolment, plus quarterly management accounts for the board or investors. You can move between packages at any month end.
Should I register for VAT before I have to?
If your customers are VAT-registered businesses, early voluntary registration lets you reclaim VAT on setup costs with no real cost to customers. If you sell to consumers, registration adds 20% to your price or cuts your margin, so waiting until the £90,000 threshold is usually better. We model it for your business.
How should co-founders be paid?
Early on, often not at all, with equity as the reward. Once the company can afford it, a modest salary through payroll keeps National Insurance records intact and is deductible. Dividends require distributable profits, which loss-making startups do not have. Director's loans are a trap. We set the structure to suit the cash position.
What is SEIS/EIS advance assurance and do I need it?
Investors in qualifying early-stage companies get income tax relief of 50% (SEIS) or 30% (EIS) and capital gains exemptions, which makes raising much easier. Advance assurance is HMRC's confirmation in principle that your company qualifies, and most angel investors insist on it. Our £299 service prepares and submits the application.
What are the SEIS limits?
A company can raise up to £250,000 under SEIS within the first three years of trading, with gross assets under £350,000 and fewer than 25 employees. EIS allows up to £5 million a year and £12 million in total, for companies under seven years old with fewer than 250 employees. Trading activities must qualify; some are excluded.
Which deadlines matter most for startup accountants?
The next four dates that apply to startup accountants are shown at the top of this page, calculated from today. For Bromley North clients we diarise every one of them from the day you join and send reminders before each, so the work is done in good time rather than in the last week before a penalty.
How do I get started from Bromley North?
Message us on WhatsApp or email with a sentence about your business and what you need. We reply in working hours with any questions and a fixed fee for startup accountants. Once you confirm, we tell you exactly which records to send and the work begins. Most Bromley North clients are set up within a day.
Ready to fix your fee in Bromley North?
Tell us what you need. You get one fixed fee in writing, and nothing is filed until you approve it.