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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 is the Employment Allowance?

    • Admin
    A

    What is the Employment Allowance?

    The Employment Allowance can be offset against the employer Class 1 NIC liability. The amount of the Employment Allowance was £2,000 for 2014/15 and 2015/16 and has increased to £3,000 for 2016/17. This allowance is available to many employers.

    There are some exceptions for employer Class 1 liabilities including liabilities arising from:

    • a person who is employed (wholly or partly) for purposes connected with the employer’s personal, family or household affairs
    • the carrying out of functions either wholly or mainly of a public nature (unless charitable status applies), e.g. NHS services and General Practitioner services
    • employer contributions deemed to arise under IR35 for personal service companies.

    The employment allowance is limited to a total of £2,000 (£3,000 for 2016/17), where there are ‘connected’ employers. If one company controls the other company, then the two companies are connected with each other.

    The allowance is claimed as part of the payroll process. The employer’s NIC liability is not payable until the Employment Allowance limit of £3,000 for 2016/17 has been reached.

    Employment Allowance recent changes

    From April 2016, companies where the director is the sole employee will no longer be able to claim the Employment Allowance.

    Contributions payment deadline

    The Class 1 NI contributions are payable at the same time as PAYE. Class 1A contributions are by 19 July (22nd for cleared electronic payment) after the tax year in which the benefits were provided.

    So, it is important to distinguish between earnings and benefits.

    Earnings

    The Class 1 earnings will not always be the same as those for income tax. Earnings for NI purposes include:

    • salaries and wages
    • bonuses, commissions and fees
    • holiday pay
    • certain termination payments

    There can be issues in relation to the treatment of:

    • expense payments
    • benefits

    If expense payments are specific payments in relation to identifiable business expenses, they will generally be outside the scope of NI. However, round sum allowances give rise to a NI liability.

    In general benefits are not liable to Class 1 NICs. However, there are some important exceptions including:

    • most vouchers
    • stocks and shares
    • other assets which can be readily converted into cash
    • the payment of an employee’s liability by an employer

    Directors

    As directors are employees, they must pay Class 1 NICs. However, directorships can create various NICs problems. For example:

    • directors may have more than one directorship
    • directors’ fees and bonuses are subject to NICs when they are voted or paid, whichever is the earlier
    • overdrawn directors’ loan accounts can give rise to a NICs liability

    We can advise you in any specific circumstances.

    If you are an Employer in Bromley, Kent and London areas, and want to claim the Employment allowance, please contact us at Adiva Accountants London for further advice.

    Categories: Bookkeeping, Bookkeeping Kent and London
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