Chartered Accountants in Leyton
Chartered Certified Accountants for Leyton’s trades, takeaways, small companies and self-employed workers.
Leyton is a working, unpretentious business district: High Road retail and takeaways, the light industrial units around Argall Avenue and Lea Bridge, and a large number of self-employed people working across east London who simply live in E10. It is not a postcode with a lot of advisory noise, which is probably why so many businesses here have never had a proper conversation about their tax.
MSCO is a firm of Chartered Certified Accountants a short journey away. We handle accounts, corporation tax, self assessment, CIS, VAT, payroll and bookkeeping on fixed fees agreed in advance, with a free first meeting.
- Chartered Certified Accountants
- Providing a first-class service since 2007
- Fixed fees agreed in advance
- Free initial consultation
What we do
Accountancy services for Leyton 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 Leyton:
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
Leyton businesses we work with
A lot of what we do in E10 is unpicking things that were set up in a hurry. A sole trade that should have been a company three years ago. A company set up by someone who never registered for PAYE and has been taking money out as it comes. A takeaway with delivery platform income that has quietly pushed it past the VAT threshold. None of these are disasters if they are caught, and all of them get worse with time.
- Takeaways, restaurants and food businesses on Leyton High Road
- Light industrial, warehousing and trade businesses around Argall Avenue
- Builders, electricians, plumbers and CIS subcontractors
- Self-employed drivers and couriers
- Small limited companies and consultancies based in E10
- Landlords letting in Leyton and Leytonstone
Why MSCO
Why Leyton clients choose MSCO
We are not going to lecture you about what should have been done differently three years ago. We will tell you where you stand now, what it will cost to put right, and what the fixed fee is going forward. Most of these situations are more fixable than people fear once someone actually looks at them.
- 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
Delivery platform income is the single most common VAT surprise we see in E10. Takeaway owners often think of platform sales as the platform’s turnover, when in most arrangements the sale is yours and the platform simply takes a commission — so the full order value counts towards your VAT threshold, not the net amount you receive. Businesses cross the line months before they realise, and HMRC backdates the registration. It is worth checking your rolling twelve month figure today.
Local proof
The work we do in Leyton
Two situations that come up repeatedly here, and how they are usually dealt with:
Takeaways with delivery platform income
The single most common VAT surprise on Leyton High Road is delivery app income. Owners often treat platform sales as the platform’s turnover, when in most arrangements the sale is yours and the platform simply takes a commission — so the full order value counts towards your registration threshold, not the net amount you receive. Businesses cross the line months before they realise and HMRC backdates the registration.
Companies where money has been taken out ad hoc
The other regular job in E10 is a director who has been drawing money as needed without structuring it. That creates an overdrawn director’s loan account, and if it is not repaid within nine months of the year end the company faces an additional tax charge, with a benefit in kind on top if the balance is significant. It is fixable, but it needs converting into salary, dividends or repayment rather than left to accumulate.
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 Leyton 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 Leyton – frequently asked questions
Does income from delivery apps count towards my VAT threshold?
In most cases yes, at the gross order value rather than the amount paid over to you after commission. That means many takeaways reach the registration threshold considerably earlier than they expect. Check your rolling twelve month total rather than your accounting year, and if you are close, get advice quickly.
I have not filed a tax return for a couple of years. What happens now?
You bring them up to date, which is much better done voluntarily than after HMRC opens an enquiry. There will be penalties and interest, but voluntary disclosure usually reduces them significantly. We deal with this regularly and there is no lecture involved — we just get it sorted.
I have a company but have been taking money out whenever I need it. Is that a problem?
It creates a director’s loan account, and if it is overdrawn at your year end and not repaid within nine months, the company faces an additional tax charge, with a benefit in kind on top if the balance is significant. It is fixable, but it needs structuring into salary, dividends or repayment rather than left to accumulate.
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 Leyton
Leyton to Mile End is four stops on the Central line. Easy to get to, though most Leyton clients simply email their records over.
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