Accountancy & Tax In London-Southeast

Accountancy & Tax In London-Southeast
Accountancy & Tax In London-Southeast

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 London-Southeast, it makes sense to use Accountants or Bookkeepers also based in London-Southeast. Local accountancy firms that are prepared to help small business and new business start ups in the area are listed below.

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 London-Southeast 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 www.hmrc.gov.uk/online/new.htm

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.

London-Southeast Accountants

Useful Start-Up Resources

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

Pros Assist can ensure that you can concentrate on running your business, leaving us to ensure that your obligations are met, and advising and updating you along the way, so that you always know where you’re up to. We help you navigate the many statutory requirements that come with setting up a new business, including all the procedures from HM Revenue & Customs and Companies House, allowing you to concentrate solely on running your business. Pros Assist is an accountancy firm with a gifted team of qualified practicing accountants with each office headed by highly experienced directors. With decades of experience in private practice and various industry sectors, advising sole traders and partnership clients alike, the directors lead each of their Pros Assist team in offering expert advice in all matters relating to taxation and profit, offering wide ranging business support, advising clients on project viability, business planning and funding.
(+)
Bells Bookkeeping are based in Chislehurst and currently assist many businesses of all sizes with their accountancy, taxation and bookkeeping requirements. We specialise in assisting those in their first year of trading with all their bookkeeping, accountancy and taxation requirements. We combine all compliance work with useful business advice for a reasonable and affordable price. If you are thinking about starting a business or you are in the process of doing so, come in and speak to us about the best way forward.
(+)
At IT Enterprise, we believe that your idea for the next successful start-up or innovation can always be built. Our passionate team is very strong at bridging the gap between your business needs and all the technicalities in creating the ideal software for your business.
(+)
Clear House Accountants are Business Accountants in London. We offer a range of services to keep your business on track from strategic planning to constant business valuation & business health checks. Our services are designed to provide you with valuable business insights for key decision making and undertaking value-added business growth initiatives.
(+)
Startup Formations, Offshore Company Corp was built with the vision to help entrepreneurs and startups to integrate proper setup for ultimate growth. We offer excellent quality banking support, business mail forwarding, web development, and telephone services so that you can implement your business strategy and improve customer satisfaction. Our organization has valuable experiences in partnering with the best world-class companies to manage regulatory compliances in setting up business and its continuous operations. Our aim is to guarantee that our consumers always get the highest standard of service. We always go the extra mile to provide our customer with the best services to fulfill their dreams.
(+)
DataFox helps startups and SMEs in Bedfordshire and surrounding areas, claim research and development tax credits. If you have developed a new product, process or service or had some software, technology or apps created for you or you have developed this in-house, you could be due a cash payment from HMRC or a reduction in corporation tax bill if you pay this. The government set up the scheme to promote innovation and this allows companies in the UK to reclaim some of the money invested in qualifying research and development - whether or not they are making a profit. This is an additional benefit to other forms of government funding and research grants which are available. Want a cash payment back from the government? Call Tony Martinez (Senior R&D Cosnultant) on 07544 220123 and have a chat. We have a strategic partnership with University of Bedfordshire and are helping companies they work with claim.
(+)
More Group Accountants - International Business Accounting Company in London, UK. More Group provides a comprehensive range of Accounting, Taxation & Corporate support services for Private, Individuals & Corporate clients. We have Chartered Certified Accounting and Business Consultancy Firm. We are having a presence in various countries like Dubai, Ireland, the USA, Russia, Latvia, Netherlands & UK etc. Company Formation, Business Bank Account Opening, UK Business (Tier 1) Visa, International Tax consulting, Accountancy & Bookkeeping are our expertise Fields.
(+)
Amid all the changes in the business world in recent years, one thing has remained unchanged - our commitment to our clients. At theaccountants4u we believe the client comes first, and we strive in every respect to meet your needs and expectations. When you start a business you can be sure that we will partner you through how to structure your business and we will advise you on resources available to you, we have guides on starting a business which are available on our website for you to download,and we will approach all tasks with the precision and dedication that you would expect from an established and highly trusted firm.
(+)
Accounting Freedom are dynamic, forward thinking accountants providing clients across the country with a professional tax and accountancy service.
(+)
Award winning online accountancy service providing everything the new business start up requires. You choose the services you want from our fixed fees instant quote section on our website taylored to your budget. We provide the training at your premises and in addition an ongoing personal client manager at no extra cost.
(+)
Advice tailored to you Planning to minimise your tax
(+)
Clearstone Business Services provide accountancy and bookkeeping services to small and medium-sized limited companies and partnerships across London and the South East.
(+)
South London Accountants. Specialists in Sole Traders, Self-Employed, Freelancers. Services include Annual Accounts, Tax Returns, Business support and advice, Seminars, Personal Finance Review.
(+)
Are you looking for a reliable accountancy firm? Look no further, David Howard is the firm for you. We specialise in various services such as audit & accounting, business planning, personal tax services, payroll services, company secretarial services, and more. We have the proper resources and strong IT bias to keep up with the fast changing technology. With several years of experience we have developed low cost and high quality outsourced services for book-keeping and payroll. We aim to keep the client in the loop with regular reporting and use Remote Access Links. Get in touch with us today for world class accounting services. Address: 1 Park Road,Hampton Wick,England,KT1 4AS
(+)
Financial Partners London, is a young, dynamic and innovative firm of Accountants & Business Advisors who can help improve the performance and profitability of your business. We believe your accountant should not come as a cost, but as a valuable resource, who is easily approachable and readily accessible. We are committed to working in partnership with you in your business, to identify opportunities, improve your bottom line figure
(+)
A leading firm of Chartered Accountants in London specialising in tax advice, tax planning and audit. Based near Old Street Station (Northern Line), London.
(+)
Are you under investigation by HMRC for tax evasion or tax avoidance? Our tax enquiry experts can help you resolve your tax enquiry. Speak to us today for a stress-free solution.
(+)
Chartered Tax Advisor with over 20 years experience in helping small businesses and start ups, I specialise in dealing with the self employed and small limited companies as well as handling Revenue enquiries and investigations. Accounts, book keeping services and business advice.
(+)
Self Assessments. Annual Accounts. Tax Returns. VAT returns. Bookkeeping. Payroll
(+)
We are a leading practice of accountants in Birmingham and London giving trusted advice to businesses and individuals. As well as some of our core services that are especially applicable to business startups we can help with business structures, notifying the authorities and strategic planning.
(+)
London Accountant is firm of tax accountants specializing in accounting service in London for all types of small & large businesses. We use experience which we have gained through the years of practice in all aspects of accountancy and finance sectors.
(+)
Based in Whitechapel, East London, Taj Accountants has many years of experience in the accounting and taxation industry. The company offers a range of accountancy services, and provides tax services and advice, cheap accounting services, cheap payroll, cheap tax return, cheap accounts for self-employed and cheap accounts for limited companies to clients throughout London. The company is located in Whitechapel, E1, East London (London). The firm aims to supply businesses with a professional accountancy services and has on-site facilities. The expert staff help clients increase the revenue. The service is intended to be cost effective every time. With a staff body of few fully qualified accountants, Taj Accountants has a professional team, qualified to a high standard.
(+)
Do you need to complete your company or personal tax returns and want to make sure that you are not paying more tax than you need to? The Tax Return Expert only uses fully qualified accountants with fixed rates from 100
(+)
Start Up Funding