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    Stop By Anytime

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

    18 - 20 East Street
    Bromley, BR1 1QU

    (020) 8313-9117
    contact@adivaaccountants.co.uk
    www.adivaaccountants.co.uk

    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.

    Parking

    There are parking bays right in front of the office, please be careful not to park in loading bays. Parking costs £1.90 per hour (maximum stay 2 hours). Alternatively, you can park in Sainsbury’s car park, which is just 1 minute walk away from the office. Parking there is completely free for 30 minutes and would be free for up to 2 hours provided you spend £10 in Sainsbury’s. Our office is at 18-20 East Street, Bromley BR1 1QU, which is opposite of O’Neill’s pub and TruGym.

    Alternatively, there is a big car park (1,500 spaces) in the INTU Bromley Shopping Centre (formerly The Glades). 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.

    By car

    If you drive to our office in Bromley, please enter this address in your Satnav 18-20 East Street, Bromley, BR1 1QU. 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.

    Public transport

    We are situated in Bromley East Street, which is served by Bromley South and Bromley North train stations, they are about 5-10 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.

    Chartered Certified Accountants       Call us: 020 8313 9117 contact@adivaaccountants.co.uk
    We're currently closed.We're open again on Thursday (12th December 2024) from 9:00 am to 5:30 pm
    FAQs

    What are the main rules of the Construction Industry Scheme (CIS)?

    • Admin
    A

    What are the main rules of the Construction Industry Scheme (CIS)?

    The compliance requirements of the Construction Industry Scheme (CIS) need to be dealt from all those working in the construction industry. At Adiva Accountants in London, we can assist you to comply with the requirements of the Scheme for your business in Bromley, Kent and London.

    The Construction Industry Scheme (CIS) sets out special rules for tax for those working in the construction industry. The CIS applies to construction work and also jobs such as alterations, decorating, repairs and demolition. Businesses in the construction industry are known as ‘contractors’ and ‘subcontractors’. They may be self employed individuals, companies, or partnerships.

    Contractors and subcontractors

    Contractors can include construction companies and building firms, but also local authorities and government departments. Any business which operates in CIS and spends more than £1 million a year on construction is classed as a contractor. Subcontractors are those businesses that carry out work for contractors. Actually, many businesses act as both contractors and subcontractors.

    CIS returns

    Online monthly returns must be submitted to HMRC by contractors confirming the following:

    • that the verification process has been correctly dealt with
    • that the employment status of subcontractors has been considered
    • payment details made to all subcontractors and
    • any details of tax deductions made from those payments

    The monthly return relates to each tax month (ie running from the 6th of one month to the 5th of the next). The deadline for return submission is 14 days after the end of the tax month. A Nil return should be submitted where a contractor has not made any payments to subcontractors in a tax month. This will avoid penalties that HMRC can issue for failure to make a return. Even if the contractors are entitled to pay their PAYE quarterly, still they must file their returns monthly.

    Identification

    When they enter into a contract, subcontractors must give contractors their name, unique taxpayer reference (UTR) and national insurance number (or company registration number). The contractor should be satisfied that the subcontractor is genuinely self-employed, then follow the ‘verification’ procedure explained below.

    If you need help with the CIS monthly returns or for anything else in relation to CIS scheme, please contact us at Adiva Accountants in London and we will be happy to help.

    Categories: CIS refund in London and Kent, Personal taxation
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