Chartered Accountants in Romford
Chartered Certified Accountants for Romford’s owner-managed businesses, contractors and professional practices.
Romford has a deeper base of established, profitable, owner-managed business than almost anywhere else in east London. Construction and property, motor trade, professional services, recruitment, retail around the market and The Brewery, plus a substantial commuter population running consultancies and contracts into the City since the Elizabeth line arrived.
MSCO is a firm of Chartered Certified Accountants working with RM postcode businesses. We handle accounts, corporation tax, self assessment, VAT, payroll and bookkeeping on fixed fees, with a free first 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 Romford 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 Romford:
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
Romford businesses we work with
Because the businesses here tend to be more mature, the questions are different. Less about how to register for VAT and more about how to take money out efficiently, whether to bring a son or daughter into the business, what happens to the company on retirement, and whether a decade of retained profit is sitting in the wrong place. Those are planning conversations rather than compliance ones, and they are where an accountant either earns their fee several times over or does not.
- Established owner-managed limited companies across Havering
- Construction, property development and trades businesses
- Recruitment, professional services and consultancy firms
- Contractors commuting into the City and Canary Wharf
- Retail and hospitality around Romford Market and The Brewery
- Landlords and property investors with RM portfolios
Why MSCO
Why Romford clients choose MSCO
If you have run a business for fifteen years and your accountant has never suggested anything you did not ask for, you are being under-served. We start every relationship with a proper look at structure, remuneration and what happens next, then keep the compliance running quietly in the background on a fixed fee.
- 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 conversation we have most often with established Romford companies is about extraction and exit. How much should come out as salary versus dividend now that the dividend allowance is small. Whether employer pension contributions from the company are a better route than either. Whether retained cash is putting your business property relief or entrepreneurs’ style reliefs at risk when you eventually sell or pass it on. None of that is urgent in any given year, which is exactly why it gets left for a decade.
Local proof
The work we do in Romford
Two situations that come up repeatedly here, and how they are usually dealt with:
Established companies and how money comes out
The conversation most Havering directors have never been offered is extraction. A modest salary that preserves the National Insurance record with the balance as dividends used to settle it, but the dividend allowance is now small and the rates have risen, so employer pension contributions from the company are increasingly part of the answer. The right mix depends on your other income, your age and what you need to live on, and it is worth remodelling annually.
Selling or passing on a business
The second regular piece of work is a company owner two or three years from an exit. Reliefs that reduce the tax on a sale often depend on conditions met over the period before it — shareholdings, officer status, the balance of trading versus investment activity. By the time an offer is on the table most of the options have already closed.
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 Romford 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 Romford – frequently asked questions
What is the most efficient way to pay myself from my company?
Usually a modest salary at a level that preserves your National Insurance record, with the balance as dividends — but the dividend allowance is now small and the rates have risen, so employer pension contributions are increasingly part of the answer. The right mix depends on your other income, your age and what you need to live on. We model it annually.
I want to bring my children into the business. How should I do it?
Carefully, and ideally over several years. There are share structures, alphabet shares and gifting routes that work well, and others that create an immediate tax charge or a family dispute. Getting the valuation and the timing right matters as much as the mechanism.
I am thinking about selling my company in a few years. When should we start planning?
Now, honestly. Reliefs that reduce the tax on a sale often depend on conditions met over the two years before it — shareholdings, officer status, the balance of trading versus investment activity. Decisions taken today are what determine the tax rate you pay later, and by the time an offer is on the table most of the options have closed.
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 Romford
Romford is around twenty-five minutes to Whitechapel on the Elizabeth line, then a short hop to our office. Many Havering clients work with us remotely and come in once a year, or not at all.
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