Chartered Accountants in Forest Gate
Chartered Certified Accountants for Forest Gate’s independent businesses, freelancers and landlords in E7.
Forest Gate changed noticeably once the Elizabeth line arrived. Woodgrange Road picked up independent cafes and shops, house prices pulled in a professional population, and with them came a wave of consultants, freelancers and small limited companies working from home offices across E7.
MSCO is a firm of Chartered Certified Accountants covering Forest Gate from east London. We handle self assessment, company accounts, corporation tax, VAT, payroll and bookkeeping on fixed fees, with a free initial consultation.
- Chartered Certified Accountants
- Providing a first-class service since 2007
- Fixed fees agreed in advance
- Free initial consultation
What we do
Accountancy services for Forest Gate businesses and individuals
Whatever stage you are at, we cover the full range of compliance and advisory work from our office a short journey from Forest Gate:
Year-end accounts
Statutory accounts prepared and filed at Companies House, with the numbers explained in plain English.
Bookkeeping
Cloud bookkeeping on Xero, QuickBooks or Sage so your figures are current, not six months old.
Payroll
RTI payroll, pensions auto-enrolment, payslips and P60s handled every pay run.
VAT returns
Registration, scheme selection and Making Tax Digital compliant quarterly filing.
Tax returns & self assessment
Personal and business tax returns prepared, checked for reliefs and filed before the deadline.
Business start-ups
Company formation, HMRC registrations and the structure decisions that are hard to unwind later.
Sole traders
Straightforward accounts and tax for self-employed people, including CIS subcontractors.
Compliance
Confirmation statements, Companies House filings and HMRC correspondence kept on schedule.
Who we help
Forest Gate businesses we work with
The result is a genuinely mixed client base in a small area. Long-established family retail and food businesses along Romford Road with straightforward but real compliance needs. Newer independent hospitality on Woodgrange Road, usually in its first three years and still working out pricing and VAT. And a large residential population of professionals with a side business, a rental property, or both, needing a clean personal tax return rather than a full business service.
- Independent cafes, shops and hospitality on Woodgrange Road
- Established retail and food businesses along Romford Road
- Consultants, freelancers and one-person limited companies
- Landlords letting flats and houses across E7 and E12
- Tradespeople and self-employed professionals based in Forest Gate
- People with employment income plus a side business or rental
Why MSCO
Why Forest Gate clients choose MSCO
If all you need is a personal tax return done properly, we will do exactly that on a fixed fee without turning it into a monthly retainer. If your side business turns into a real one, we will tell you when it is worth incorporating rather than waiting for you to ask.
- Chartered Certified Accountants, providing a first-class service since 2007
- Free initial consultation with no obligation and no sales pressure
- Fixed fees agreed in advance, so there is never a surprise invoice
- A named accountant who answers the phone, not a ticket queue
- We handle the switch from your current accountant, including the professional clearance letter
- Xero, QuickBooks and Sage certified, with in-person or video meetings as you prefer
Local expertise
Local knowledge, not a call centre
The most common gap we find in E7 is landlords who have never claimed everything they could. Letting agent fees, insurance, ground rent and service charges, safety certificates, repairs, replacement domestic items and the basic rate credit on mortgage interest all count, and a surprising number of returns we take over have been filed with the rent and the mortgage payment and little else. Where the error runs back a few years, amendments are often possible.
Local proof
The work we do in Forest Gate
Two situations that come up repeatedly here, and how they are usually dealt with:
Landlords under-claiming what they are entitled to
The most common gap we find in E7 is a landlord filing with the rent on one side and the mortgage payment on the other. Letting agent fees, insurance, ground rent and service charges, safety certificates, repairs and replacement of domestic items are all allowable, and mortgage interest gets a basic rate tax credit rather than a deduction. Where the error runs back a few years, amendments are often still possible.
Side businesses that have quietly become real ones
Forest Gate has a lot of people with a job and something on the side. The question is when the side business should become a company — and the answer depends on your employment income as much as the business profit, which is why a general rule of thumb usually gives the wrong answer here.
Our credentials
Who prepares your accounts
MSCO Accountants has provided a first-class accountancy service since 2007. The practice is led by Moshin Miah, LLB(Hons), FCA, FCCA, a Chartered Accountant listed with the ICAEW and a Fellow of both the ICAEW and ACCA, admitted in 2011 and holding a current practising certificate. Work is carried out in accordance with applicable UK tax, Companies House and professional accountancy requirements.
- London clients500+
- Small businesses150+
- Sole traders100+
- Start-ups75+
- Payroll clients50+
- Trading since2007
What clients say
Client feedback
Very professional and friendly team. They have helped me in a lot of ways and now I feel like my business is in safe hands now. I wouldn’t go anywhere else.
Sam
Before meeting MSCO, taxes were a headache for me. This company has helped me a lot in all kind of taxes without any kind stress — really appreciate them.
Kamran
Find us
Our East London office
We work with Forest Gate clients from our office at Suda House, 100 Mile End Road, London E1 4UN — a few minutes from Stepney Green and Mile End Underground stations, on the A11. Street and paid parking is available nearby. Appointments are recommended, and full directions, parking and transport detail are on our directions page.
Common questions
Accountants in Forest Gate – frequently asked questions
I let out one property. Do I need to file a tax return?
If your gross rental income exceeds the property allowance you need to register for self assessment and declare it. Even where a property makes a loss, filing is usually worthwhile because losses can be carried forward against future rental profits.
What expenses can a landlord claim?
Letting agent and management fees, insurance, ground rent and service charges, repairs and maintenance, safety certificates, replacement of domestic items, and a basic rate tax credit for mortgage interest rather than a full deduction. Improvements are capital and come into play when you sell instead.
My side business is growing. When should I set up a company?
Usually when profits are consistently high enough that the corporation tax and dividend route beats income tax and National Insurance, and when you want the liability protection. There is no single threshold — it depends on your employment income too. We will run the comparison on your figures.
How much do your accountancy services cost?
Fees depend on the size of the business and how much work is involved, so we quote after a short conversation rather than publishing a one-size-fits-all price. What we can promise is that the fee is fixed and agreed in writing before we start. Most sole traders and small limited companies find our pricing sits comfortably against comparable London firms.
How do I switch from my current accountant?
It is easier than most people expect and takes about ten minutes of your time. You tell your existing accountant you are moving, we write to them for professional clearance and your records, and we handle the handover of your HMRC and Companies House authorisations. You can switch at any point in the year, not just at your year end.
Do I have to come into your office?
No. Plenty of our clients we meet in person, and plenty we have never met at a desk at all — documents come in by email or cloud folder and we talk by phone or video. Both work equally well. If you would rather sit down together, our office on Mile End Road is easy to reach and parking nearby is manageable outside peak hours.
Get in touch
Talk to an accountant near Forest Gate
Forest Gate is a few minutes to Whitechapel on the Elizabeth line, then a short walk or one stop to our office on Mile End Road.
Visit usMSCO Chartered Accountants
Suda House, 100 Mile End Road, London E1 4UN
Call us020 7790 0793
07958 943459
Email usinfo@mscoaccountants.co.uk
Nearby areas