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    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
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    What are the new rules for the taxation of dividends?

    From 6 April 2016:

    • The 10% dividend tax credit has been abolished with the result that the cash dividend received is the gross amount potentially subject to tax.
    • New rates of tax on dividend income will be 7.5% for basic rate taxpayers, 32.5% for higher rate taxpayers and 38.1% for additional rate taxpayers.
    • A new Dividend Tax Allowance will remove the first £5,000 of dividends received in a tax year from taxation.

    The table below shows a comparison between the pre and post 6 April 2016 dividend tax rates.

    Dividend falls into Basic rate band Higher rate band Additional rate band
    Effective rate before 6 April 2016 0% 25% 30.6%
    Rate from 6 April 2016 7.5% 32.5% 38.1%

    As always there are winners and losers from these changes to taxation of dividends.

    Winners

    A higher rate taxpayer who has dividend income of £5,000 or less, will be better off under the new rules. Under the prior rules, they had a tax liability of up to £1,250 (25% of £5,000). However, under the new rules they will have no tax liability at all.

    Losers

    The sole shareholder of a company who takes a small salary and then dividends up to the threshold at which higher rate tax is payable, will be worst off. Under the prior rules, they would have no tax liability on the salary (as the salary is below the personal allowance), and no tax on the dividends. Under the new rules, only £5,000 of the dividend will not be taxable. If the shareholder fully utilises his basic rate band in 2016/17 in the most tax efficient way, still would have a tax liability. The minimum tax liability for 2016/17 would be £2,025, compare to Nil in 2015/16.

    If your business is in Bromley, Kent and London areas, please contact us at Adiva Accountant in Bromley about the possible tax implications of the changes in dividends taxation.

    Categories: Business taxation, Corporate tax Beckenham
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