Startup Accountants · North London
Startup accountants in Mill Hill, Barnet
If you are starting a company in Mill Hill, Barnet, the accounting decisions you make in the first three months, share structure, VAT registration timing, how founders are paid, whether to seek SEIS assurance, shape the next three years. We get them right for startups across North London, online, for a monthly fee agreed before you join.
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 Mill Hill
New and early-stage companies in Mill Hill, Barnet: 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 Mill Hill, Barnet, 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
Why Mill Hill businesses file with IGI
One fixed fee for startup accountants in Mill Hill, Barnet, agreed in writing before any work starts and never changed part-way through the job, however long it takes us.
Nothing for Mill Hill is left to the last week. Each deadline relevant to startup accountants is tracked from the day you join, with the next four shown on every page we send you.
No appointments, no travel across North London, no parking. Everything for startup accountants in Mill Hill happens online, with a real person on the other end during UK working hours.
You get one contact for startup 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 startup accountants.
Approval before filing is a rule, not a courtesy. For startup accountants in Mill Hill, Barnet, every submission to HMRC or Companies House follows your written go-ahead.
Local facts
About Mill Hill, Barnet
Mill Hill, Barnet is in North London, within Barnet, in the NW7 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 |
|---|---|---|
| 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
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.
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.
Salary versus dividends
The salary-and-dividend split is the central planning decision for an owner-managed company. Salary costs employer National Insurance above £5,000 but is deductible; dividends are not deductible but attract lower personal rates and no National Insurance. The optimum changes each April with the thresholds and depends on the director's other income, so it should be set deliberately every year.
Director's loan accounts
The most common tax problem in owner-managed companies is an overdrawn director's loan account: drawings taken during the year that were never declared as dividends or salary. The company faces a 35.75% charge on the balance outstanding nine months after the year end, and the director may have a benefit in kind. We review the account before every year end to clear it properly.
The VAT registration threshold
VAT registration is compulsory once taxable turnover in any rolling twelve-month period exceeds £90,000, or when you expect to exceed that in the next thirty days alone. The test is rolling, not by tax year, and includes zero-rated sales. Businesses regularly cross it without noticing, and late registration means accounting for VAT on sales where it was never charged to customers.
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.
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.
Questions
Startup Accountants questions from Mill Hill
Do I need a separate business bank account?
Legally the company must have its own account because it is a separate person from you; using a personal account mixes funds and creates director's loan problems. Digital business banks open accounts quickly for new companies, and we connect the feed to your software as part of setup.
What do investors expect to see in the accounts?
Clean, current bookkeeping; a cap table that matches Companies House; founder payments properly documented; VAT and PAYE up to date; and management accounts showing runway. Due diligence on a seed round routinely finds undocumented director's loans and unfiled confirmation statements, both of which cost time at exactly the wrong moment.
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 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.
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 startup accountants is the same in Mill Hill as anywhere else in the country, and why there is nothing to visit and nothing to print.
Is startup 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.
One message from Mill Hill, one fixed price
Tell us what you need. You get one fixed fee in writing, and nothing is filed until you approve it.