Accountancy & Tax In Beckenham

Fosters Accountants
Fosters Accountants

Having a good firm of accountants on your side will ensure that you have all the information and support that you need to help your business grow and flourish.

They can offer advice and help you comply with accounting and tax requirements.

If you are self employed or run a small enterprise in Beckenham, it makes sense to use an Accountant or Bookkeeper who is keen to help small business and new business start ups rather than struggle with the task yourself.

Recommended Local Partner

Fosters Accountants

We can help you get back TIME. TIME to spend with your family, TIME to do what you are good at, TIME to grow your business.

We are a firm of Chartered Accountants specialising in trade professionals and consultancy businesses, offering an excellent and personal service.

Yes, we offer all the services you would expect from an accountant but in a refreshingly proactive way!

Come and have a coffee with us, our office is based at Oad Street Craft Centre, near Sittingbourne, Kent where there is loads of free parking.

Fosters Accountants
Tel: 01795 485026

Free Friendly Advice

If you would like some free friendly advice from a trusted local partner relating to any accountancy or tax matter, please complete and submit this form. There will not be any pressure nor will you be under any obligation to buy paid services.

We assure you that your details will not be used for any other purpose. We hate spam and promise not to bombard you with unwanted correspondence.

Free Accounting Resources

The following items are in our FREE start-up pack and can be download individually or as part of the whole pack.

Personal Survival Budget
Personal Survival Budget

This template will help you to identify how much profit your business needs to make to cover your own personal outgoings.

Cashflow Forecast
Cashflow Forecast

An easy to use template. Instructions are included - just input your figures and the spreadsheet will perform all of the calculations for you.

Business Plan Template
Business Plan Template

One of the most important steps but is often ignored. This document will provide you with a clear road-map for your business.

Please note that one-time registration is required to unlock all of the free items on this site.

Latest Accountancy Articles

If you run your own business in Beckenham and would like to learn more about accounts, bookkeeping, National Insurance, or VAT, we have compiled a library of useful resources and frequently asked questions which we hope that you will find both interesting and useful.

Main Accounting Considerations

Main Accounting Considerations

One of the first decisions you will need to make is which legal structure is likely to suit your new business and this will affect your accountancy obligations.

You can read a detailed article about your various options at: Sole Trader or Limited Company?

The information below primarily relates to self-employment but if you decide to trade as a limited company, you can read more here: Running a Limited Company.

Becoming Self-Employed

You should tell HMRC as soon as you start self-employment, otherwise you may face a penalty. You are considered to have started self-employment when you have something to sell and either have a customer for your goods or services, or you are actively marketing your business.

You can let HMRC know about your self-employment by registering online for business taxes. A Self-Assessment Online account will automatically be set up at the same time. This allows you to send your Self-Assessment tax returns online. You will receive an Activation Code. You need to activate the service within 28 days. If you don’t, you will have to ask for a new Activation Code.

You can register online at

National Insurance

As a self-employed person, you pay a fixed amount of Class 2 National Insurance contributions (NIC). If your profits are above a certain limit, you may also have to pay Class 4 National Insurance contributions.

See Self-employed National Insurance rates for full details.

Statutory Records

It is very important that you set up a record keeping system and keep all records and supporting documents. Records for the current tax year must be retained until 31 January 2022.

You must keep records of all money coming into and going out of your business. This includes all cash, cheques and credit card transactions.

Your records should be adequate to allow you to complete an accurate Self Assessment return. You will be expected to keep a full record of:

  • All sales made and other business income, as it is earned.
  • The cost of all business expenses and purchases as you pay them, no matter how little they cost.
  • All purchases of business stock, goods and raw materials.
  • Mileage records.
  • Capital expenditure; keep a separate record of all purchases and sales of business equipment, machinery and vehicles, together with the receipts.
  • Keep a record of the market value of equipment or vehicles introduced into the business that you owned before starting your business.

See Business records if you're self-employed for full details.

Key Dates

There are key dates that you need to be aware of during the financial year. These relate to reporting and payment of any monies due. A list of dates and full explanation can be found here.

Value Added Tax (VAT)

You must register for VAT if:

  • Your taxable turnover exceeds the VAT threshold in any 12 month period
  • you expect your taxable turnover to exceed the VAT threshold within the next 30 days
  • you take over an existing VAT registered business as a going concern

You have 30 days from the date you meet any of these criteria to register.

Usually, VAT registration can be completed online and if you apply online, you will be enrolled automatically so that you can submit your VAT return online (there is no longer a paper version).

The current VAT threshold is £85,000; if your turnover is below the registration limit, you can choose whether to apply for voluntary registration. The standard rate of VAT currently is 20%.

See the official VAT website for full up to date details.

Beckenham Accountants

Useful Start-Up Resources

If you can help new business start ups or existing small businesses in the Beckenham area, we would love to promote you here free of charge. (Add Your Business)

Telford Associates are accountants based in Kent who work specifically with small and medium sized businesses. Whether you are a sole trader, partnership or a limited company we can provide you with the level of service you need. We offer fixed fee packages agreed in advance, the price we agree is the price you pay. Our aim is to help you increase your profits and pay less tax.
We are firm believers that an accountant should be far more than just a number cruncher and should be able to offer all round business support and advice, helping your business grow and become more profitable. We have been working in partnership with owner managed businesses for over thirty five years, offering an extensive range of business consultancy and accounting services, specialising in accountancy, tax and business advice. We are committed to providing our clients with an exceptional service with the aim of building long lasting business relationships. Whether you are just starting out in business or at the other end of the business lifecycle we recognise the importance of offering timely, effective but understandable business advice.
Our new Business Start-up Packages are perfect for small or new businesses that want a cost effective way of obtaining a professional brand identity and website at cost effective prices.
We are business people as well as accountants and provide bespoke solutions to suit our wide variety of clients. We offer tax planning, business planning and fully outsourced accounting options. We are experts in the implementation of financial systems from manual books to spreadsheet to fully integrated accounting packages. Add to this fixed price fees and monthly payment plans and we cant see why you would want to do business with any one else!
Review of finance systems and procedures Systems advice and implementation. Business Plans, modelling and cash flow forecasts Monthly Management Accounts Annual Statutory Accounts and Annual Returns Bookkeeping for the small business and self employed Company Tax Returns, Personal Tax Returns and VAT Payroll services
Do you require help and advice in setting up your business ? If you do, you have come to the right place. We at Delco Accounting Solutions Limited help new businesses to develop accounts, provide on going business advice in line with current legislations, we also provide management accounting support for established businesses. We charge a low fee and we can visit your premises.
You have come to the right place for your business solutions. Friendly Book-keepers & Accountants. Startup. Growth. Business plan. We are here to help you and your business. As a growing business, we are able to understand your business requirements and find effective solutions to move you forward. Delco Accounting Solutions Ltd has a team with the right skills, expertise and experience in Accounting, Bookkeeping, tax, vat, payroll and management reporting and a lot more.
You have come to the right place for your business solutions Friendly Book-keepers & Accountants. Startup. Growth. Business plan. We are here to help you and your business. As a growing business, we are able to understand your business requirements and find effective solutions to move you forward. Delco Accounting Solutions Ltd has a team with the right skills, expertise and experience in Accounting, Bookkeeping, tax, vat, payroll and management reporting and a lot more. Our Accountants, Partners, Business Advisors, Bookkeepers and Compliance staff are always at your service. We save you money by being cost effective, flexible in our approach and take the burden of administration and accounts off your task list so you can concentrate on what is critical to your business growth. We are friendly, we listen and we educate you and your staff. We save you penalties by filing your statutory documents timely and ensure you are fit for business by giving you a FREE business health check as soon as you sign up with us. Future Solutions for business needs
Kent Payroll Bureau offering reliable outsourced payroll services to release you from the record-keeping and administration burden. Call us 0333 320 7032 Outsourced payroll for SMEs in Kent with 1-25 employees. Trade association membership - AAT - Association of Accounting Technicians - ICB - Institute of Certified Bookkeepers - CIPP - Chartered Institute of Payroll Professionals Take affordable outsourced payroll services from Kent Payroll Bureau and release yourself from extra administration and record keeping responsibility that is required by HMRC. By doing this you can focus on your core business - youll earn more doing what you do well, than you will pay us to process your payroll!
Located on the high street, Martin & Co Beckenham is one of over 175 dedicated lettings offices throughout the UK. Because all of our offices are operated by business owners with an expertise in the local lettings market we have helped thousands of satisfied tenants and landlords nationwide.
We specialise in providing affordable accountancy, tax returns, payroll, bookkeeping, tax saving and tax advice to small businesses. Our customers includes: Sole traders, Partnerships, Limited Companies and Personal Tax Payers.
Full service firm of chartered accountants who can help you with income tax, corporation tax, accounts, company compliance, unlimited general advice and a whole lot more for low fixed monthly fees. We specialise in servicing contractors, freelancers, buy-to-let landlords and other owner managed businesses. We will advise on legally minimising all tax liabilities and our principal is accessible outside of normal business hours. Please contact us for a free initial, no obligation consultation. See our website at, call us on 01689 797120 or 0845 538859 or email us at
Friendly Chartered Accountants based in Upchurch, Kent. I love working with small businesses that have big ambitions. Im a XERO partner and have helped many businesses get to grips with their accounts and tax. If youd like to know more. Please visit my website
An innovative website which collects outstanding debts or invoices. It is fully automated and once the debt is registered the automated process begins. The real plus is the user is in control all the time and can stop the process at any stage. The cost to recover the debt could be as little as 10. The site is backed by a national firm of solicitors so as to dispense with the heavy debt collectors image and offers an ethical way to keep outstanding debts owed to a business under control. I feel the site would be useful to start ups because it acts,in essence, as an invisible credit control department allowing the business owner to go about their work without worrying about unpaid invoices or monies owed to their business.
Start Up Funding