We Want To Hear From you

Have a comment or question? Send us a message.

Get In Touch With Us Today

If you have got questions, we have the answers. Just send us a message and one of our accountants will be in contact with you within 48hrs – even on weekends and holidays.

Your Message

Stop By Anytime

We are open: Monday to Friday from 9am to 7pm and Saturday from 10am to 5pm

4 Bank Chambers
143A High Street
Bromley, London, BR1 1JD

(020) 3740-5639

At Adiva Accountants all initial consultations are free of charge, so contact us today.
For quality, competitive, and friendly accountancy services, please contact

Adiva Accountants

on 020 8313 9117 or via email at contact@adivaaccountants.co.uk.

At Adiva Accountants we have the knowledge and the experience to provide you with the kind of accounting and tax services that you are looking for. At Adiva Accountants we look forward to discuss with you, without obligation, ways in which we may be able to help your personal or business needs.

Alternatively, you can complete the contact form here and we will respond as soon as possible.

Directors of Adiva Accountants have over 10 years’ experience of providing accountancy services. They have completed Bachelor and Masters degrees in Accountancy, Taxation and Business Management. Additionally, they have completed various accountancy qualifications such as ACCA, AAT, etc. So, they hold various accountancy degrees and qualifications up to chartered certified accountant.

They can advise you on many other things, such as how to get the best price when you come to sell your business. Or on how to satisfy the banks conditions when you need help with finance. Or on how to keep creditors, insurers and suppliers happy, etc. Their expertise covers income tax, capital gains tax, corporation tax, VAT, payroll and many more.

They can help with dealing with Inland Revenue investigations also.

You can park in Sainsbury’s car park for free for up to 2 hours provided you spend £10 in Sainsbury’s. The Sainsbury’s car park address is: Walters Yard, West Street, Bromley, BR1 1TP.
After parking your car, please walk past McDonald’s, HSBC, Barclays, Costa, Primark, Argos, Starbucks and come out on the High Street. Our office is above Natwest bank in the middle of Bromley High Street, opposite of Next store. The entrance to the office is between Natwest bank and Thomas Cook, please ring the bell for number 4.

Alternatively, there is a big car park (1,500 spaces) in the INTU Bromley Shopping Centre (formerly The Glades) just behind our office. Parking costs £1.10 per hour for every day of the week. The shopping centre car park address is: The Glades, High Street, Bromley, BR1 3EF.

If you drive to our office in Bromley, please enter this address in your Satnav 143 High Street, Bromley, BR1 1JD. From Orpington, you can take A232, then A21. From Beckenham, you can take A222. From Eltham, you can take A208, B226, A2212, then A21. From Lewisham and Catford, you can take A21. From Croydon, you can take A232, A233, then A21. From Kent, you can take A21. From North and East London, you can take the Blackwell tunnel southbound, A2, A2213, A20, South Circular Road, A2212, then A21. From West London, you can take South Circular Road to Catford, then A21.

We are situated in Bromley High Street, which is served by Bromley South and Bromley North train stations, they are about 5 minute’s walk away. There are direct trains from London Victoria, London Bridge and London Blackfriars to Bromley South station. Bromley South is connected by direct trains to major towns around London and in Kent such as St Albans, Orpington, Sevenoaks, Ashford, Gillingham, and Ramsgate.

The main bus routes serving Bromley High street are 61, 119, 138, 146, 208, 227, 246, 261, 269, 320,336, 352, 354, 358, and 367.

Call us: 020 8313 9117 contact@adivaaccountants.co.uk
We're currently closed.We're open again on Thursday (19th September 2019) from 9:00 am to 7:00 pm
Sale
Company Accounts Bromley, Accountants In Bromley, Kent London And Nationwide

Company accounts Bromley

Rated 5.00 out of 5 based on 3 customer ratings
(3 customer reviews)

£550.00 £500.00

We offer a professional and competitive company accounts Bromley service for businesses. This service includes the full accounts, abbreviated accounts, corporation tax return and confirmation statement.

Required records

Usually you will be required to provide the:

  • records of your company’s income and expenses
  • bank transactions
  • fixed assets invoices, or
  • other relevant documents

Description

We offer a professional and competitive company accounts Bromley service for businesses in Bromley, Kent, London and nationwide. If you need accountants in Bromley, Kent, London and nationwide, look no further. This service includes a full set of accounts, corporation tax and confirmation statement. Tax planning is included in the company accounts Bromley service at no extra cost. We will help you claim all the available tax reliefs for your business, and to pay the minimum amount of tax required by law. We can advise you in all areas of taxation, such as Business tax, Income tax, Property tax, Inheritance tax, Capital Gains and many more.

Company accounts Bromley review

The tax legislation and commercial factors are continually changing. So, it is advisable to carry out each year a review of your company’s tax position. It is important that the review and tax planning are carried out before the company’s yearend. So, if needed there is time to carry out any appropriate action.

Different ways to reduce your tax bill
If expenditure planned for early next year is incurred before the company’s accounts year end, it will reduce the current year’s tax liability. If you bring forward this expenditure by just a few weeks to fall within the current year, the related tax relief is received 12 months early.

Capital allowances
To obtain the maximum reliefs, you should consider the timing of capital expenditure on which capital allowances are available. Companies are able to claim an annual investment allowance which provides 100% relief on expenditure on plant and machinery, excluding cars.

Trading losses for company accounts Bromley

There are three main options for companies to consider in utilising the trading losses:

  • they can be set against any other income (e.g. bank interest) or capital gains arising in the current year
  • they can be carried forward and set against trading profits arising in future years
  • they can be carried back for up to one year and set against total profits.

Contact us
We would be happy to talk to you about company accounts Bromley and all the advantages of operating as a company in Bromley, Kent and London areas. Please contact Adiva Accountants in Bromley on 020 8313 9117, or email at contact@adivaaccountants.co.uk and we will be happy to help.

3 reviews for Company accounts Bromley

  1. Rated 5 out of 5

    Ann, Hayes

    Friendly, knowledgeable staff, who could answer my questions in a way I can understand. All of that supported by efficient admin and user-friendly software. Just what I was looking for, high-quality and good value-for-money service. Hiring them was the best decision I have made in a long time. I strongly recommend their company accounts Bromley services.

  2. Rated 5 out of 5

    Simon, Orpington

    As a busy business owner, I particularly appreciate not having to learn the whole tax system. Adiva Accountants offer excellent and competitive service.

  3. Rated 5 out of 5

    Norman, Addington

    I have always done the tax returns myself. However, due to divorce my tax situation got complicated, so I decided to follow up a local ad by phoning Adiva Accountants. I found them friendly and their service was excellent and reasonably priced. I would never need to worry about my company accounts Bromley again.

Add a review

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

FAQs

In order to maximise tax saving opportunities for companies, appropriate course of action should be planned in advance. So, it is crucial that professional advice is sought before the year end and as early as possible. If your company is in Canary Wharf, Bromley, Kent and London areas we would welcome the chance to tailor a plan to your specific circumstances. Please do not hesitate to contact us at Adiva Accountants in Canary Wharf for further advice.

From 1 April 2015, the main rate of corporation tax is 20% and will continue the same for the Financial Year beginning on 1 April 2016. The main rate of corporation tax will then be reduced as follows:

  • 19% for the Financial Years beginning on 1 April 2017, 1 April 2018 and 1 April 2019
  • 17% for the Financial Year beginning on 1 April 2020.

Self assessment

Under the self assessment regime most companies must pay their tax liabilities nine months and one day after the year end.

If your company’s profits for an accounting period are at an annual rate of more than £1.5 million, you must normally pay your Corporation Tax for that period electronically, in quarterly instalments. If your company has a 12-month accounting period, you’ll have to pay in 4 equal instalments due:

  • 6 months and 13 days after the first day of the accounting period
  • 3 months after the first instalment
  • 3 months after the second instalment (14 days after the last day of the accounting period)
  • 3 months and 14 days after the last day of the accounting period

Corporation tax returns must be submitted within twelve months of the year end and are required to be submitted electronically. In cases of delay or inaccuracies interest and penalties will be charged.

Capital Gains

Companies are chargeable to corporation tax on their capital gains less allowable capital losses.

Indexation allowance

An indexation allowance is given, in order to counteract the effects of inflation inherent in the calculation of a capital gain. However, the allowance is not allowed to increase or create a capital loss.

Disposals planning

You should consider the timing of any chargeable disposals to ensure where possible advantage is taken of minimising the tax. Depending on circumstances this could be achieved by accelerating or delaying sales. You should also consider the availability of losses or the feasibility of rollover relief.

New assets purchase

If the sale proceeds are reinvested in a replacement asset, it may be possible to avoid a capital gain being charged to tax.

Only certain trading tangible assets qualify for relief. And the replacement asset must be acquired in the four-year period beginning one year before the disposal.

The government has proposed changes in 2016 Budget to make corporation tax losses more flexible. When losses arising on or after 1 April 2017 are carried forward, they will be available to be used against profits from different types of income in the company and other group companies. However, where a company’s or group’s profits are above £5 million, there will be a restriction on the use of carry forward losses. Any profits over £5 million arising on or after 1 April 2017 cannot be reduced by more than 50% by brought forward losses.

The extraction of the profits

Directors/shareholders of companies may wish to consider extracting profits in the form of dividends, rather than as increased salaries or bonus payments. This is beneficial as it can lead to substantial savings in national insurance contributions. Please note that company profits extracted as a dividend remain chargeable to corporation tax at a minimum of 20%.

Dividends

The timing of the dividend’s payment is not critical from the company’s point of view. But from the individual shareholder’s perspective, timing can be an important issue. The tax liability can be delayed by one year, if the shareholder is a higher/additional rate taxpayer, and a dividend payment is delayed until after the tax year ending on 5 April. There are a number of important factors to consider before the deferral of tax liabilities. So, please contact us at Adiva Accountants in Canary Wharf for detailed advice.

Loans to directors and shareholders

The company might have to pay a tax liability if it makes a loan to a shareholder. If the loan is still outstanding after nine months of the end of the accounting period, the company is required to make a payment equal to 25% (32.5% for loans made on or after 6 April 2016) of the loan to HMRC. The money is not repaid to the company until nine months after the end of the accounting period in which the loan is repaid by the shareholder. If the loan is provided at an interest rate lower than the market rate, this may also give rise to a tax liability for the director on the loan benefit.

At Adiva Accountants in Canary Wharf, we can provide tax advice for your company in Canary Wharf, Bromley, Kent and London areas. For further advice on proposed changes, dividends and loans, please do not hesitate to contact us at Adiva Accountants in Canary Wharf.

Corporation tax

The Advancing of expenditure

If the expenditure is incurred before the company’s accounts year end, it can reduce the current year’s tax liability.

There are many situations where significant expenditure is planned for early in the next accounting year. If you bring forward this expenditure by just a few weeks to fall within the current year, the related tax relief is received 12 months early.

Below are some examples of the type of expenditure to consider bringing forward:

  • building repairs and redecorating
  • advertising and marketing campaigns
  • redundancy and closure costs

Please note that payments into company pension schemes are only allowable for tax purposes when the payments are made. And not when they are charged in the company’s accounts.

Capital allowances

You should consider the timing of capital expenditure on which capital allowances are available to obtain the maximum reliefs.

Companies are able to claim an annual investment allowance which provides 100% relief on expenditure on plant and machinery, excluding cars. The amount of AIA available for a particular accounting period varies depending on the accounting period.

Periods from Annual limit
1 April 2014 £500,000
1 January 2016 £200,000

There are special rules where accounting periods straddle one of the above dates.

Groups of companies have to share the same allowance. The expenditure on qualifying plant and machinery which is in excess of the AIA is eligible for writing down allowance (WDA) of 18%. Where the capital expenditure is incurred on integral features the WDA is 8%. Additionally, there are 100% allowances on designated energy saving technologies. Other limited allowances are also available for investments in certain types of building.

Trading losses

There are three main options for companies to consider in utilising the trading losses:

  • they can be set against any other income (e.g. bank interest) or capital gains arising in the current year
  • they can be carried forward and set against trading profits arising in future years
  • they can be carried back for up to one year and set against total profits.

At Adiva Accountants in Canary Wharf, we can provide tax planning advice for your company in Canary Wharf, Bromley, Kent and London areas. For further advice on tax savings for companies, please do not hesitate to contact us at Adiva Accountants in Canary Wharf.

It is crucial to consider tax saving opportunities before the year end of the company. Also, before the tax year end of the shareholders or directors of the company.  At Adiva Accountants in Canary Wharf, we can provide pre-yearend tax planning advice for your company in Canary Wharf, Bromley, Kent and London areas.

The tax legislation and commercial factors affecting your company are continually changing. So, it is advisable to carry out each year a review of your company’s tax position.

This review and tax planning is important to be carried out before the company’s yearend. This is because the current year’s results can normally be predicted with some accuracy. And importantly if needed there is time to carry out any appropriate action.

Below we cover some of the areas where advance planning may produce tax savings. For further advice, please do not hesitate to contact us at Adiva Accountants in Canary Wharf.