Small Business Accountants · North London
Small business accountants in Mill Hill, Barnet
Small business accountants in Mill Hill for owners who want to see how the business is doing more than once a year. The Premium package includes quarterly management accounts with written commentary, so the decisions about hiring, pricing and spending are made on current numbers. Core and Complete cover the compliance. All fixed, all online.
from £65/mo · fixed, per month
Next deadlines
- VAT return and payment for the quarter that ended last month
- PAYE and National Insurance for last month paid to HMRC (electronic)
- VAT return and payment for the quarter that ended last month
- PAYE and National Insurance for last month paid to HMRC (electronic)
Who this is for
Small Business Accountants for Mill Hill
Established owner-managed businesses in Mill Hill, Barnet 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.
What is included
Everything inside the fixed fee
- 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
How it works
Small Business Accountants from Mill Hill, Barnet, step by step
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.
Agree the price
The fee is confirmed in writing. There is no hourly billing and nothing added for questions during the work.
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.
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.
Why IGI
The IGI way of working, in Mill Hill
The price for small business accountants is published on this page and is what a client in Mill Hill pays. We confirm it in writing first, and the invoice matches the quote.
Nothing for Mill Hill is left to the last week. Each deadline relevant to small business accountants is tracked from the day you join, with the next four shown on every page we send you.
Online only, UK based. There is no office in Mill Hill 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.
You get one contact for small business accountants, not a queue. Mill Hill, Barnet clients message the same person throughout and get an answer in working hours, usually within a few hours.
The output for Mill Hill clients is never just a form. It is the form, a one-page summary of what it says, and a note of the decisions it points to for small business accountants.
Nothing is filed for Mill Hill 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 Mill Hill, Barnet
Mill Hill, Barnet is in North London, within Barnet, in the NW7 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.
| Place | Distance | Direction |
|---|---|---|
| Grahame Park | 1 mi | SW |
| Millbrook Park | 1 mi | E |
| Mill Hill East | 1 mi | SE |
| Beaufort Park | 1 mi | S |
| Colindale | 2 mi | SW |
| Burnt Oak, Barnet | 2 mi | SW |
| West Finchley | 2 mi | E |
| Edgware | 2 mi | W |
Worth knowing
Rules that come up in this work
CIS deductions
CIS turns construction subcontractors into advance taxpayers: a fifth of every labour payment goes to HMRC before they see it. Registering keeps the rate at 20% rather than 30%; gross payment status, for established businesses with a clean record, removes deductions altogether. The annual return is where the overpayment comes back, and filing it early brings the refund sooner.
Confirmation statements and identity verification
The confirmation statement is the annual check that the public register is right: officers, registered office, SIC codes, shareholders and the PSC register. It carries a £50 fee and no financial penalty for lateness, but failure to file leads to compulsory strike-off. The identity verification regime introduced in November 2025 has added a further check to every statement.
Making Tax Digital for Income Tax
The biggest change to Self Assessment in a generation is Making Tax Digital for Income Tax, now live for higher-earning sole traders and landlords and arriving for the rest in stages. Quarterly updates are due by 7 August, 7 November, 7 February and 7 May, built from digital records. The practical consequence is that spreadsheet-and-shoebox bookkeeping is ending for anyone above the threshold.
Late filing penalties
HMRC's penalties for a late Self Assessment return are automatic: £100 the day after 31 January, £10 a day from three months late up to £900, then the greater of £300 or 5% of the tax at six and twelve months. Interest and separate late-payment penalties apply to the tax itself. Companies House charges £150 to £1,500 for late accounts, doubling for a second consecutive year.
Payments on account
If your Self Assessment bill exceeds £1,000 and less than 80% of your tax was collected at source, HMRC asks for two advance payments towards the following year, each half of the current bill, due 31 January and 31 July. The first year this happens the January payment is effectively one and a half times the bill. We model it in advance and show you how to reduce the payments if income is falling.
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.
Director's loan accounts
A director's loan account records money moving between a director and the company that is not salary or dividend. If the director owes the company money nine months and one day after the year end, the company pays section 455 tax at 35.75% of the balance, refundable only when the loan is repaid. Loans over £10,000 are also a benefit in kind unless interest is charged at HMRC's official rate.
Questions
Small Business Accountants questions from Mill Hill
Do you charge for phone calls and questions?
No. The monthly fee covers questions during the year. We would rather you ask before making a decision than pay us to unpick it afterwards. Formal advisory work, such as a tax planning review or a cash-flow forecast, is a separate fixed-fee product and we tell you when something falls into that category.
How does switching from my current accountant work?
You authorise us, we write to your current accountant for professional clearance and your records, and they are obliged to hand over your own documents. Most do within two weeks. We pick up the bookkeeping where they left off and take over the next filing. There is no charge for the switch.
What if my transaction volume is higher than the package covers?
We check the volume from your bank statements before quoting and tell you the right band. If the business grows and the volume increases, we review quarterly and adjust from the next month with notice. There is no back-charging for a busy period.
Can you handle a partnership?
Yes. Partnerships need a partnership tax return showing the profit split and each partner's own Self Assessment. The Core package covers the partnership return and bookkeeping; each partner's personal return is added at the published £129. LLPs follow company-style accounts rules and we handle those too.
When do I need Complete?
When you are VAT registered or employ staff. Complete at £125 adds quarterly VAT returns and payroll for up to five employees including auto-enrolment, so the quarterly and monthly cycles are handled alongside the annual ones. Businesses with more staff or higher transaction volumes are quoted a fixed fee before joining.
What is in the £65 Core package?
Monthly bookkeeping from your bank feeds with receipts captured by phone, a monthly summary, your annual accounts and tax return (Corporation Tax and CT600 for a company, Self Assessment for a sole trader), the confirmation statement for a company (Companies House £50 fee separate), and deadline tracking with reminders. Transaction volume up to around 150 a month.
Is small business accountants in Mill Hill really the same price as elsewhere?
Yes. The fee published on this page is what a client in Mill Hill, Barnet pays and what a client in any other part of England pays. It is confirmed in writing before work starts and the invoice matches the quote. Where a higher package applies because your situation is more complex, we say so at the quote stage, never afterwards.
Do you have an office in Mill Hill?
No. IGI Accounting is an online-only firm. We serve Mill Hill, Barnet and every other UK postcode remotely, with records sent by WhatsApp or email and everything filed electronically. The absence of local premises is why the fee for small business accountants is the same in Mill Hill as anywhere else in the country, and why there is nothing to visit and nothing to print.
Start the conversation from Mill Hill
Tell us what you need. You get one fixed fee in writing, and nothing is filed until you approve it.