Startup Accountants · East London
Startup accountants in Monkhams
If you are starting a company in Monkhams, 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 East 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 Monkhams
New and early-stage companies in Monkhams: 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 Monkhams, 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 Monkhams
One fixed fee for startup accountants in Monkhams, agreed in writing before any work starts and never changed part-way through the job, however long it takes us.
Nothing for Monkhams 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 East London, no parking. Everything for startup accountants in Monkhams happens online, with a real person on the other end during UK working hours.
You get one contact for startup accountants, not a queue. Monkhams clients message the same person throughout and get an answer in working hours, usually within a few hours.
The output for Monkhams 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 Monkhams, every submission to HMRC or Companies House follows your written go-ahead.
Local facts
About Monkhams
Monkhams is in East London, within Redbridge, in the IG8 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 |
|---|---|---|
| Woodford, Redbridge | 0.4 mi | S |
| Woodford Wells | 0.5 mi | NW |
| Woodford Green | 0.6 mi | SW |
| Buckhurst Hill | 0.8 mi | N |
| Woodford Bridge | 1.0 mi | SE |
| Hatch Lane | 1 mi | W |
| Chingford Hatch | 1 mi | NW |
| Friday Hill | 1 mi | NW |
Worth knowing
Rules that come up in this work
Switching accountants
The main reasons people switch accountant are surprise invoices, missed deadlines and not understanding what they are being told. Switching involves a clearance letter between the firms, a transfer of records and agent authorisations, and a short handover of the current position. It takes about two weeks and should cost nothing extra.
Closing a company
Voluntary strike-off is available only to solvent companies. One that owes money it cannot pay needs a creditors' voluntary liquidation through a licensed insolvency practitioner, and directors who dissolve an insolvent company face personal consequences. For a solvent company the process takes three to four months from filing the DS01, with notice to creditors and shareholders within seven days.
Employer National Insurance
Since April 2025 employer National Insurance has been 15% on earnings above a £5,000 secondary threshold, a substantial increase for small employers. The Employment Allowance rose to £10,500 at the same time to soften it for the smallest businesses. Directors deciding their own salary weigh this cost against the Corporation Tax deduction a salary provides.
Workplace pensions and auto-enrolment
Workplace pension compliance is part of payroll, not separate from it. Each pay period the payroll assesses who is eligible, calculates employer and employee contributions on qualifying earnings between the lower and upper thresholds, and sends the contribution file to the scheme. The minimum total is 8%, and many employers choose to contribute more as a recruitment advantage.
Dormant companies
Dormancy is a status that is easy to lose. The strict rule is no accounting transactions other than share capital and Companies House fees, which means no bank account activity at all in practice. Fees should be paid personally by the director. A company that traded and has stopped becomes dormant only after its final trading accounts and tax return are filed and HMRC is told.
The trading and property allowances
Small side incomes are covered by two £1,000 allowances, one for trading and one for property, which remove the need to register or report income below that level. Once income exceeds £1,000, the allowance can be used in place of expenses, a choice worth making deliberately: a freelancer with £900 of costs is better off with the allowance, one with £3,000 is not.
Crypto records and reporting
Most crypto holders have taxable events they do not recognise, because every swap is a disposal even when no pounds change hands. The computation requires the complete transaction history from every exchange and wallet, pooled by asset with HMRC's matching rules applied. Exchange-generated tax reports are frequently wrong because they cannot see transfers between a user's own wallets.
Questions
Startup Accountants questions from Monkhams
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 Monkhams?
No. IGI Accounting is an online-only firm. We serve Monkhams 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 Monkhams as anywhere else in the country, and why there is nothing to visit and nothing to print.
Is startup accountants in Monkhams really the same price as elsewhere?
Yes. The fee published on this page is what a client in Monkhams 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.
Ready to fix your fee in Monkhams?
Tell us what you need. You get one fixed fee in writing, and nothing is filed until you approve it.