How much does a startup accountant cost in the UK?
Startup accounting packages in the UK vary depending on the level of service. GoForma offers fixed-fee packages that include a dedicated named accountant, FreeAgent accounting software, all HMRC and Companies House filings, and unlimited accounting support, with no setup fees and no annual tie-in. Get an instant online quote to see pricing for your situation.
When do I need to register for VAT as a startup?
You must register for VAT with HMRC when your taxable turnover exceeds £90,000 in any rolling 12-month period. You can also register voluntarily before this threshold to reclaim VAT on costs or appear more established to clients. GoForma advises startups on the right time to register and which VAT scheme suits their business.
What is the difference between SEIS and EIS?
SEIS (Seed Enterprise Investment Scheme) is for very early-stage companies raising up to £250,000. It gives investors 50% income tax relief on their investment. EIS (Enterprise Investment Scheme) is for slightly more established companies and gives investors 30% income tax relief on investments up to £1 million. Both require HMRC advance assurance before investment is taken. GoForma applies for advance assurance on behalf of clients.
Does my startup qualify for R&D tax credits?
Your startup may qualify for R&D tax credits if it carries out work that aims to advance knowledge or capability in science or technology and faces genuine technical uncertainty. This includes developing software, creating new products, building new processes, or working with novel materials. GoForma assesses eligibility across all sectors as part of the annual accounts process.
Can I switch to GoForma from my current accountant?
Yes. Once you sign up, we contact your current accountant on your behalf to request all relevant information and authorisations. The process typically takes a few days and causes no disruption to your accounting or upcoming filing deadlines.
Do I need to come into your London office?
No. GoForma works with clients across the UK entirely online. You communicate with your accountant by phone, email, or WhatsApp. If you want to use our London address as your registered office, you can do so as part of your accounting package without ever needing to visit in person.
What accounting software does GoForma use for startups?
GoForma's primary accounting software is FreeAgent, included at no extra cost with all packages. FreeAgent gives you real-time bank feeds, invoicing, expense tracking, payroll, and live tax estimates in one place. GoForma is a FreeAgent Platinum Partner and also supports Xero and QuickBooks.
How quickly can my startup get started with GoForma?
You can sign up online in minutes. We complete onboarding within two to three working days, including software setup, bank feed connection, authorisation with HMRC, and an introduction to your dedicated accountant. We recommend booking a free consultation first.
What qualifications do GoForma's startup accountants have?
GoForma's accountants are qualified members of ACCA and AAT, two of the UK's leading professional accountancy bodies. GoForma is also a FreeAgent Platinum Partner and a Companies House approved formation agent. Every client is allocated a named, qualified accountant as their primary contact.
Do I need an accountant for my startup?
You are not legally required to hire an accountant when you start a business in the UK. But most founders who manage accounts themselves end up paying more tax than necessary, missing filing deadlines, or making costly structural mistakes. A startup accountant typically saves far more than the monthly fee.
When should a startup get an accountant?
The best time to engage a startup accountant is before you register your company. The decisions made at formation, including business structure, share allocations, VAT registration, and PAYE setup, are much harder and more expensive to correct later. GoForma offers a free 20-minute consultation for founders at any stage.
Is GoForma's London address compliant with HMRC?
Yes. GoForma's registered office service at 40 Bowling Green Lane, London EC1R 0NE is fully compliant with HMRC and Companies House requirements. You can use it as your registered office address, director's service address, and business correspondence address. All statutory mail is scanned digitally and sent to you immediately.
