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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

    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 A208B226A2212, then A21. From Lewisham and Catford, you can take A21. From Croydon, you can take A232A233, then A21. From Kent, you can take A21. From North and East London, you can take the Blackwell tunnel southbound, A2A2213A20South Circular RoadA2212, 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 oesterreichischeapotheke.com/. 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 open.

    What are the main taxes in business?

    When starting in business, you need to consider the taxation too.

    Taxation on profits

    The business structure will determine the type and rate of taxation. Please note that the taxable profit will normally be different from the profit shown in the accounts. This is due to certain expenses which are not allowed for tax purposes and the timing of some tax allowances. Please be aware that the payment of corporation tax must be made online.

    National Insurance (NI)

    The rates of NI contributions are generally lower for a sole trader or partnership than for a director of a company. However, it may be possible for a director to avoid NI altogether by paying dividends rather than salary.

    Value Added Tax (VAT)

    It is important to account correctly for the VAT of any business and neglect may result in a significant loss.

    When starting a business, you should consider the VAT. You will be obliged to register, if the value of your taxable sales or services exceeds the registration limit.

    Employing staff

    It may be necessary to employ staff to enable expansion of the business.

    It is the employer’s responsibility to inform HMRC of the wages due to employees. Also, it needs to deduct income tax and national insurance and to account for student loan deductions under PAYE. Then these deductions must be paid over to HMRC. The payroll records should be maintained properly.

    Since the introduction of Real Time Information (RTI) an employer must advise HMRC of wages and deductions ‘on or before’ the time they are paid over to the employee. You will also need to have knowledge of employment law.

    Business premises

    There are many issues to be considered in choosing business premises. You should consider the following:

    • suitability for the business
    • compliance with legal regulations
    • local by-laws
    • physical restrictions, such as access to business

    Insurance

    It is a legal requirement to have comprehensive insurance for business motor vehicles and employer’s liability insurance. There are other types of insurance to be considered such as public liability, consequential loss, business assets, Keyman and bad debts.

    Pensions

    There are favourable tax rules if you put money into a pension scheme. The latest reforms, under Pensions Act 2008, require UK employers in certain conditions to automatically enrol employees in a pension scheme. The employers and employees are required to make contributions to that scheme. There are various occupational pension schemes or the National Employment Savings Trust (NEST) can be used.

    From 2012 the largest employers have to comply with the new pension regulations. The deadline for being compliant (‘staging date’) is determined by the number of people in their PAYE scheme. For smaller employers the staging date is between 2012 and 2018.

    Categories: Business startup, Business startup in Orpington Kent
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