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Kickstart your startup's financial success with GoForma!

Kickstart your startup's financial success with GoForma!

Are you a startup or tech company looking to take your business to the next level? Look no further! At GoForma, we understand the unique challenges that startups face, and our team of certified accountants for startups is committed to providing comprehensive and personalized accounting services to help your business thrive. Let's explore how having an accountant can make all the difference for startups like yours.

  • Free accounting consultation
  • 50% off for 3 months
  • Prices from £35 per month
  • Simple switching process
Kickstart your startup's financial success with GoForma!
Kickstart your startup's financial success with GoForma!
Freelancer and sole trader accountant
Tim O

GoForma accountant

Startup Accountants

Already have an accountant? We make the process of switching super easy. Learn more

How Startups can benefit from having Accountants for Startups

Having a skilled accountant is much more than just crunching numbers; it can be a game-changer for your startup. Here's how your business can benefit from availing startup accounting services:

  • Financial Strategy: Gain valuable insights into your startup's financial health, enabling you to make informed decisions and strategic plans for growth.
  • Compliance and Taxation: You can stay on top of HMRC regulations and tax compliance requirements, ensuring that your startup operates within legal boundaries.
  • Time and Resource Efficiency: Focus on your core business activities while leaving the accounting and financial tasks to the business startup accountant.
  • Financial Forecasting: Understand potential financial challenges and opportunities, allowing you to plan ahead to reduce the potential risks.
  • Investor and Stakeholder Confidence: Startup accountants present accurate and well-organized financial reports to attract fundraising through investors and gain stakeholders' trust.

What Expenses can Startups claim?

As a startup, maximising your allowable expenses to optimize your tax position is essential. Startup businesses can claim various expenses, including:

  • Office and Equipment Costs
  • Travel and Transportation Expenses
  • Marketing and Advertising Expenses
  • Research and Development Costs
  • Employee Salaries and Benefits
  • Professional Services Fees (including accounting fees)

How much Accounting for Startup Costs?

The typical cost of accounting for startups can vary based on factors such as the complexity of the business, required services, and the accounting firm's location. For essential accounting services like bookkeeping and annual accounts preparation, startups may expect to pay around £200 to £500 per month. More comprehensive services, including payroll processing, financial forecasting, and specialized advisory support, may range from £1,000 to £5,000 or more per month. However, it's essential for startups to consider the value provided by the accounting firm's expertise and the range of services offered, as a skilled accounting partner can significantly contribute to the business's financial success.

Why choose GoForma for Startup Accounting Services?

When it comes to the success of your startup, every decision matters, especially regarding financial management. That's where GoForma comes in – your trusted partner for startup accounting services.

1. Dedicated Accountant

We assign a dedicated accountant to each startup we work with. Your dedicated accountant will take the time to understand your business inside out, ensuring tailored solutions that align with your specific goals.

2. Industry-Specific Expertise

With GoForma, you'll benefit from our team's industry-specific expertise. Whether you are a tech startup, e-commerce business owner, or service-based business, our accountants have in-depth knowledge and experience to effectively guide you throughout your financial journey.

3. Competitive Pricing Packages

We believe that exceptional accounting services shouldn't have a hefty price tag. GoForma offers competitive pricing packages designed to suit startups of all sizes and budgets. Say goodbye to hidden costs and surprise expenses – our transparent pricing ensures you get value for every penny spent.

4. Certified Accountants

With GoForma, you can rest assured that your finances are managed by certified accountants with proven track records. Our team's qualifications and expertise are your assurance of accurate and reliable financial guidance.

5. Partnership with Freeagent Accounting Software

At GoForma, we stay ahead of the curve by partnering with Freeagent accounting software. This cloud-based software streamlines financial management, making tasks like invoicing, expense tracking, and tax preparation a breeze. Enjoy the benefits of modern technology combined with our expert support.

6. Comprehensive Startup Accountancy Services

GoForma is a one-stop solution for all your startup accounting requirements. From company formation and registration to VAT returns, payroll setup, annual accounts preparation, and more – our comprehensive suite of services covers every aspect of your financial journey.

7. Proactive Tax Planning

Tax planning is not just an annual task; it's an ongoing process to minimize tax liabilities and optimize your startup's tax position. With GoForma, proactive tax planning ensures you're always prepared for tax obligations while maximizing available deductions.

8. Exceptional Client Support

At GoForma, we pride ourselves on building strong, lasting relationships with our clients. Your success is our success, and we're committed to being by your side every step of the way. Count on us for responsive and reliable client support whenever you need it.

What do our Startup Business Accounting Services include?

At GoForma, we understand that startups require specialized financial assistance to thrive in their early stages. Our startup accountancy services provide a wide range of offerings tailored to your business's unique needs.

Company Formation and Registration:

We'll guide you through the process of setting up your startup, ensuring all legal and regulatory requirements are met. From choosing the right business structure to handling paperwork and registrations, we'll get your company up and running smoothly.

Choosing the Optimal Business Structure for Your Tech Startup

Selecting the right business structure is a crucial decision that can significantly impact your startup's success. At GoForma, we understand that each business structure is distinct – sole trader, partnership, or limited company – and can help you make an informed choice that aligns with your long-term goals and maximizes tax efficiency.

Opening a Business Bank Account:

We'll assist you in opening a business bank account, separating your personal and business finances for better financial management. Our team will help you choose the right banking partner that aligns with your startup's needs.

VAT Registration and Returns:

We'll handle the VAT registration and returns, ensuring compliance with HMRC regulations.

Payroll Setup and Management:

Our experts will set up a seamless payroll system for your startup, ensuring accurate and timely payment to your team while handling payroll taxes and deductions.

Corporation Tax Returns:

Our accountants will prepare and file your corporation tax returns, optimizing tax reliefs and deductions to minimize tax liabilities.

Annual Accounts Preparation:

We'll prepare comprehensive and compliant annual accounts that provide valuable insights into your company's performance.

Bookkeeping for Startups:

Maintaining accurate financial records is crucial for startups. Our bookkeeping services ensure that all your financial transactions are meticulously recorded and organized, making tracking expenses, income, and cash flow easier.

Pensions Services:

Startups with employees must provide a workplace pension scheme. We'll help you set up and manage a suitable pension scheme, ensuring compliance with pension regulations.

R&D Tax Credits Support:

If your startup is involved in research and development activities, you may be eligible for R&D tax credits. Our team will assess your eligibility, prepare the necessary documentation, and assist you in claiming these valuable tax credits.

SEIS & EIS Advice:

The Seed Enterprise Investment Scheme (SEIS) and Enterprise Investment Scheme (EIS) can be advantageous for startups seeking investment. We'll provide expert advice on qualifying for these schemes, attracting potential investors, and maximizing tax reliefs.

Personal Self-Assessment Tax Filings Preparation:

As a startup founder, you'll likely need to file a personal self-assessment tax return. We'll take the stress out of this process by preparing and submitting your tax return accurately and timely.

Switching Accountants?

Thinking of switching accountants? Switching can be a game-changer for your financial management, whether you're a startup, a small business, or a growing enterprise. At times, your current accounting firm might not be providing the level of expertise and tailored support your business needs. By switching to GoForma, you can benefit from specialized industry knowledge, expanded service offerings, and a fresh perspective on your financial strategies. With the right accountant by your side, you can make well-informed decisions, ensure compliance with tax regulations, and unlock new growth opportunities.

GoForma - Hire the Best Accountants for Startups

At GoForma, we are committed to providing more than just numbers – we are dedicated to supporting your business journey every step of the way. Don't just take our word for it; see what our satisfied clients say about our startup accounting services on Google and Trustpilot. Join hundreds of other successful startups that have benefited from GoForma's expertise.

Ready to take your startup to new heights? Contact us today to learn more about our accounting services and get started on the path to success!

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Frequently Asked Questions

Should startups hire an accountant or do it themselves?

What accounting software is suitable for startups?

What are R&D tax credits, and can startups benefit from them?

What are the common accounting mistakes startups should avoid?

Why do tech companies need specialized accountants for tech startups for their financial management?

All your accounting needs sorted with no hidden costs

  • Specialist accountants for Startup Accountants
  • Preparation of financial statements
  • Preparation & submission of quarterly VAT returns
  • Preparation of self-assessment tax returns
  • 24/7 access to FreeAgent
  • Tax planning advice to help maximise tax efficiency
  • Assistance with HMRC records checks
  • Quarterly review of your bookkeeping
  • Reminder services for all deadlines and payments
  • Unique partner benefits
  • Specialist accountants
  • Preparation of financial statements
  • Preparation & submission of quarterly VAT returns
  • Preparation of self-assessment tax returns
  • 24/7 access to FreeAgent
  • Tax planning advice to help maximise tax efficiency
  • Assistance with HMRC records checks
  • Quarterly review of your bookkeeping
  • Reminder services for all deadlines and payments
  • Unique partner benefits
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Everything you need to operate your business

Easily set up or switch your company accounting

If you like to know more about our services, our professional accountants for Startup Accountants are here to help.

If you like to know more about our services, our professional Startup Accountants accountants are here to help.

  • 1-on-1 dedicated accountant
  • Industry specialists
  • Free company incorporation
  • Book time online easily
  • WhatsApp your accountant
  • Company mail handling

Premium FreeAgent accounting software included

Mobile accounting software on the go

  • Simple & unlimited invoicing
  • Mobile accounting app
  • Tax timeline
  • Automatic bank feeds
  • Enhanced expense analysis
  • Automated reconciliations
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Choosing the right accountant

How to make the right choice of an accountant

If you like to know more about our services, our professional accountants for Startup Accountants are here to help.

Trusted by hundreds of Startup Accountants

Trusted by hundreds of freelancers, sole traders, contractors and small businesses

Customer
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1
Reviews
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Five stars for the great staff at…

Five stars for the great staff at Goforma. They provide a very professional, informative and friendly service. I would highly recommend this company.
Mar 20, 2023
Joe
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1
Reviews
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Super on top of things

Super on top of things, quick responses and regular check ups to see how things are going and can be helped. I had this as a recommendation but incredibly happy.
Jan 20, 2023
Tom Kaye
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21
Reviews
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Solid experience all round

Solid experience all round\n\nI've run 2 businesses before so I'm fairly familiar with what an accountant should do, but this time I was a solo-preneur and so my usual accountant was too much for my revenue. I decided to risk it and check them out. Have been happy with everything. The freeagent software is good and does most of the work, but if I do have a question I can send an email or book a call and then we run through things together.\n\nMy particular business is not very complex so it's perfect for me and if I do hire a few more people I can see that most of the services scale out well.
Nov 26, 2022
Fernbrook Consulting
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1
Reviews
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Fernbrook Consulting Engineers

The team at GoForma are very responsive and nothing ever seems like too much trouble for the team. Jawad and Jordan are very knowledgeable, and the filings are always accurate and prepared well in advance of submission deadlines. Highly recommended.
Jul 19, 2023
Sonam Singh
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2
Reviews
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It was a nice and easy onboarding…

It was a nice and easy onboarding process. Also the accountants were helpful if you had any questions.
Jul 19, 2023
Joe
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3
Reviews
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Informative, accurate and fast

I’ve been using goforma since the start of the year super helpful. Always someone on hand to answer queries. They also use an app to upload receipts it keeps everything tidy. The responses from them are informative, accurate and fast. Extremely happy with them.
Jul 14, 2023
Fujuan Hu
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2
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Easy to Access

The sign-up process is straightforward, and all of the staff members are extremely friendly. The welcome meeting with the accountant was delightful.
Sep 9, 2023
Agnes
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3
Reviews
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Excellent experience with Goforma

Excellent experience with Goforma. Jordan has been very professional and very patient with me. He has great knowledge and always ready to help. It can be quite stressful at the beginning when starting a new company, but they definitely helped me to make it easy. I’m very glad that I found them, it is great to work with them. I cannot recommend them enough. They are the best!
Jul 23, 2023
Dominika Wrobel
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1
Reviews
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My experience with GoForma has been fab!

My experience with GoForma has been really great. I did a lot of research before committing to an accountant and wanted someone that specialises in IT contracting that offers mailing & address services. Prompt replies on any questions I have and timely filing of VAT etc. Highly recommend!
Jul 19, 2023
Ruxandra Gheordunescu
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11
Reviews
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Absolute pros! Very approachable, knowledgable

Absolute pros! Very approachable, knowledgable and kind people, I highly recommend them!
Mar 28, 2023
Ryan Glaser
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26
Reviews
Google my business accounting 5 star rating logo

Highest level of service with results that meet and go beyond my expectation

I highly recommend GoForma because of they have produced the highest level of service with results that meet and go beyond my expectations. I wanted a simple way to acquire and consolidate the admin and different services my business needed. Jordan Macey - Head of Accounting ensured I was 100% satisfied through every step of the process, coming on board at exactly the right time to oversee my specific business architecture with super efficiently in the most helpful and professional way. Jordan's adaptability and insight added value immediately to my overall business strategy while reducing overall costs. More benefits are still to come and I look forward to working with GoForma. I feel confident I have gained a trusted highly qualified accredited partner. I am now a full customer using the mid-tier package.
Mar 8, 2023
Antonio Mercurio
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1
Reviews
Google my business accounting 5 star rating logo

Onboarding process very quick and efficient!

Excellent and Swift service! Onboarding process very quick and efficient! If you have problems the team is there to solve them as quickly as possible! A great experience and service!
Feb 9, 2023
Kate Scodellaro
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5
Reviews
Google my business accounting 5 star rating logo

I switched from a larger provided to Go Forma and am so glad I did

I switched from a larger provided to Go Forma and am so glad I did. Responsive, thorough and always willing to help.
Jan 18, 2023
Giancarlo Erra
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11
Reviews
Google my business accounting 5 star rating logo

My only regret is that I didn't move before!

I founded my company and did first year of accounting with a larger provider, that was cheaper and using their own accountancy software and not FreeAgent, and it's been a disaster. Not real interaction or customer care, and their software was a nightmare. I found about GoForma, their more 1-1 customer oriented approach, and FreeAgent that I found immediately much easier to use, and my only regret is that I didn't move before! Very welcoming, patient explaining everything, it just feels like they care. FreeAgent is amazing. Very happy to be with GoForma now that my company is starting gearing up.
Dec 4, 2022
Mariam Aarab
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1
Reviews
Google my business accounting 5 star rating logo

I recommend it to all UK companies

Really good service and Jawad is a great accountant The freeAgent software is fantastic I recommend it to all UK companies
Jun 1, 2022
Nick Clarke
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1
Reviews
Google my business accounting 5 star rating logo

I will definitely be choosing goforma going forward!

I had a consultation with Jawad from goforma for a self assessment and registration! He was super helpful and knew exactly what he needed to do! I will definitely be choosing goforma going forward! Thank you!
Apr 28, 2022
Matthew Byers
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1
Reviews
Google my business accounting 5 star rating logo

Readily available advice and support has been exactly what I needed

I am coming to the end of my first year running a limited company and this kind of hassle-free accountancy experience and readily available advice and support has been exactly what I needed.
Mar 16, 2022
Julio Rodas
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1
Reviews
Google my business accounting 5 star rating logo

Super simple and easy to work with GoForma

What a great service, super simple and easy to work with GoForma, if I could give more than 5 stars I would. They registered my company fast and without any problems.
Oct 1, 2021

How we help IT Contractors

During onboarding we'll setup your new limited company at a registered London business address.

Start or switch your business over

During onboarding we'll setup your new limited company at a registered London business address. If you already have an accountant then we'll request your details from your previous accountant. We do all the heavy lifting.

Accountant introduction and registrations

You can book in 1-on-1 time with your accountant and we'll get authorisations or register you for HMRC services like accounts filing and self assessments.

Accounting software setup

We'll get you setup on FreeAgent accounting software where you can add your business bank account transactions automatically, send invoices, track taxes due and use the mobile app.

Speak to an Accountant

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  • Dedicated named accountant
  • SMS reminders
  • Dividend and tax calculators
  • IR35 assessment
  • Enhanced tax optimisation
  • WhatsApp your accountant
  • Live chat
  • 1-on-1 accountant calls
  • 250+ help guides
  • 250+ help guides
Speak to an Accountant
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Start your IT Consulting business easily

Prices start from £75/mo

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  • Free company incorporation
  • Business insurance included*
  • Simple invoicing
  • Automatic bank feeds
  • Business banking offers
  • Mobile accounting app
  • Enhanced expense analysis
  • London business address
Speak to an Accountant
*insurance included in Grow package

We take care of all the accounting and filing requirements IT consultants have

Prices start from £75/mo

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  • Financial statements
  • Self assessment tax returns
  • Confirmation statements
  • Company closure
  • VAT returns
  • Monthly payroll
  • Company dormancy
  • Umbrella company Coming Soon
Speak to an Accountant
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