“Especially during the first round of funding, we were able to show that we had the skills that were perhaps lacking internally.”
Aaron Koshy
Co-Founder of Planera – Award Winning Startup
Startups who want to stay in the fast lane, trust us to manage their finances.
We specialise in providing live accounting and board-level support to startups. Our clients can be more agile, efficient or profitable as they access an entire department of people for their business’ needs – without the overhead cost! As a virtual FD we provide a shoulder to lean on and someone to help drive the business forward.
Download our 4 minute Founders Guide to Startup Accounting
Startup Accounting Services
Your financial services partner
A startup’s #1 accounting service
Grow your business faster with Square Mile
Live Accounting
- Annual accounts and corporation tax return
- LLP accounts and partnership return
- Payroll
- Pension contribution filing
- CIS return
- P11ds
- Accounts payable & receivable function
- Self assessment tax return
Tax Services
- R&D tax credits
- Enterprise Management Options – business valuation
- EMI – annual return
- SEIS / EIS application
- Property incorporation advisory services
Virtual FD
- Square Mile FD live and meetings
- Pre year end tax planning review
- Management accounts
- Budgets and forecasts
- Business plan financials
- Cashburn monitoring and scenario planning
- Systematization and documentation
- Slack channels communication
- Monthly credits
Live Bookkeeping
- Bookkeeping cleanup
- Bank reconciliation
- Posting purchase invoices
- VAT returns
- EC sales list
- Xero – software, feeds, training, support
- Ledger conversion
Company Secretarial Services
- Company formation
- VAT registration / de-registration
- Payroll registration
- Confirmation statement
- Provision of registered office
- Company secretarial credits
- Pension scheme set up
What does the typical startup pay for accounting services?
Take a look at some examples of what startups would pay at Square Mile. As we offer no fixed accounting packages, we create bespoke packages based on the requirements of the startup, and are able to add and take away features as needed. Transparency will allow you to be comfortable with the fee structure.
Lite
Pre-revenue Startup
£198
Per month
Your Benefits
- Dedicated accountant
- Accounting + tax email & phone support
- Annual accounts & corporation tax return
- Bookkeeping
- Companies House confirmation statement
- All software including Xero
Plus
Seed Funded Startup
£369
Per month
Your benefits
- Dedicated accountant
- Accounting + tax email & phone support
- Annual accounts & corporation tax return
- Bookkeeping + VAT
- Payroll for 3
- Companies House confirmation statement
- All software including Xero
Premium
Approaching Series A
£1,062
Per month
Your benefits
- Ideal for the VC Backed Tech Startup
- Dedicated accountant
- Accounting + tax email & phone support
- Annual accounts & corporation tax return
- Bookkeeping + VAT
- Payroll for 22
- Pension filing
- Companies House confirmation statement
- Raising sales invoices and credit control
- Accounts payable and making bank payments
- Monthly Management reporting
- Budgets and forecasts
- Tax investigation insurance
- All software including Xero
Select
High Growth Post Series A
£1,589
Per month
Your benefits
- Ideal for High Growth Post Series A (VC Backed) Tech Startups
- Dedicated accountant
- Accounting + tax email & phone support
- Annual accounts & corporation tax return
- Bookkeeping + VAT
- Director tax returns
- Payroll for 22
- Pension filing
- Companies House confirmation statement
- Raising sales invoices and credit control
- Accounts payable and making bank payments
- Monthly Management and Board reporting
- All software including Xero
Common add-ons:
SEIS/EIS advance assurance and compliance
£500 and higher
EMI schemes and growth shares
R&D tax credits
- 10% capped at £7k under £100k
- 7% to 200k capped at £10k
- 5% for claims over £200k
The setup is very simple: your savvy App ecosytem sorted.
We will set up all the systems and processes for you from the get-go even though you’re a startup.
Find out what more we can do for you and how your startup will benefit with our team’s expertise, our fail-proof processes and our brilliant technology stack.
Are you truly positioned for success?
Download our 4 minute Founders Guide to Startup Accounting
Startups need to be careful when choosing an accounting service. The best accounting services for startups offer a combination of affordability and expertise. They understand the challenges that startups face and can provide tailored solutions. In addition, they should be able to scale their services as the startup grows.
By finding an accounting service that meets these criteria, startups can ensure that their finances are in good hands. Start a conversation with us about a more strategic, tech-savvy approach to your business. Book a call with us!
