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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
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    FAQs

    What is the Real Time Information (RTI)?

    • Admin
    A

    What is the Real Time Information (RTI)?

    The Real Time Information requirements are wide ranging and can be a burden on the employers. If your business is in Addington, Bromley, Kent and London areas we, at Adiva Accountants in Addington, can help you to set up and run the payroll for you.

    We cover below details of how payroll information has to be submitted to HMRC under Real Time Information (RTI).

    RTI introduction

    RTI requires the employers or their agents to make regular payroll submissions for each pay period during the year. These submissions detail payments and deductions made from employees each time they are paid. The two main types of returns which an employer needs to make are detailed below.

    Full Payment Submission (FPS)

    The Full Payment Submission (FPS) must be sent to HMRC on or before the date employees are paid. This submission details pay and deductions made from an employee. You can make only one FPS submission a month.

    Employer Payment Summary (EPS)

    Employers may also have to make a further return to HMRC each month (EPS) to cover the following situations:

    • where no employees were paid in the tax month
    • where the employer has received advance funding to cover statutory payments
    • where statutory payments are recoverable (such as SMP, OSPP and ShPP) together with the SMP NIC compensation payment or
    • where CIS deductions are suffered, which could be offset (companies only)

    HMRC will offset the amounts recoverable against the amount due from the FPS to calculate what should be payable. The EPS needs to be submitted to HMRC by the 19th of the month. This way it can be offset against the payment due for the previous tax month.

    The payments to HMRC

    Please note that under RTI, HMRC are aware of the amount due to them on a monthly/quarterly basis. This will be part of the information reported to HMRC through the FPS and EPS returns.

    So, HMRC will expect to receive the PAYE and NIC deductions less the amounts recoverable, each month or quarter.

    Year end procedures

    At the end of the tax year a final FPS or EPS return must be made to advise HMRC that all payments and deductions have been reported to HMRC. This is called Final submission.

    Wages

    It is not possible under RTI to put through wages at the year end of the business and assume this has been paid throughout the year. So, you cannot utilise a family member’s national insurance lower earnings limit which gives them a credit for state pension and statutory payment purposes. So, wages should be paid regularly and details provided to HMRC through the RTI system on a timely basis.

    There are scenarios where it is impractical to report in real time. So, the regulations allow up to an additional seven days for reporting the payment in specified circumstances.

    Please do contact us at Adiva Accountants in Addington, if you would like any further help or advice on payroll procedures.

    Categories: Bookkeeping, PAYE in Canary Wharf and London
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