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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 proposed changes on the corporation tax?

    • Admin
    A

    What are the proposed changes on the corporation tax?

    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.

    Categories: Business taxation, Company accounts Bromley
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