We are local Accountants and we want to help your business grow.
Our accounting services are from only £25 per month we provide accounting services and advice from your own dedicated accountant, with accounting offices over the South East including East Grinstead and Reigate as well as Brighton and Croydon, we can work with you to reduce your tax payments and increase your profits. If your looking for an experienced and cost-effective Local Accountant then look no further, why no call us today at 01342 836557 and let's talk, alternatively get your Instant Accounting Quote.
- Fixed Fees
- Dedicated Accountant
- Monthly Direct Debit
- Inclusive of Accounting Advice
- Specialist Tax advisory available
- Free collection and return of your Accounting Documents
Invaluable - That was how our latest Coulsdon based client described us. It wasn't because we prepared a great set of accountants in Croydon, it was because we helped them when their business needed it, we helped them restructure at a crucial point - And also we did their accounts for them. We help our clients, survive, thrive and grow
As Croydon Accountants, we pride ourselves on the services we provide to our clients. Whether it is guidance on how to get the most out of QuickBooks or advice on any tax issues, we make sure that we are available to assist you, so that you can make informed decisions.
We have been in business first, and then we are Accountants, we understand how your business works, the issues you face and how to help you make the most of what you have, as well as where you want to go.
- Fixed Fees
- Unlimited Advice
- Monthly Direct Debit
- You choose your software, we can help.
- Free collection and return of your Accounting Documents
- Limited Companies from £25 pm
- Sole Traders from £22 pm
- Personal Assessments from £100.
We are here to help your business and keep you informed. Why not hit the Instant Quote button now!
INSTANT ACCOUNTANT QUOTE NOWAs your Local Accountant we offer Fixed Accounting Fees from the outset, so you know exactly what your accounting fees will be for the year. You can then budget knowing that your not going to get an invoice every time. This way you have no surprises from your Local Accountant.
Your business, your choice, whether you want to work on Excel, Quickbooks, Xero or a specialised industry accounting program. Your software will the main source of accounting information giving you instantly up to date financial information. And, we provide full set up and training on all Cloud Software.
Having your own dedicated small business accountant means you don’t have to keep explaining your business each time, deal with one person. Your dedicated Small Business Accountant team gets to know you and your business meaning their advice has a bigger benefit to you.
Merranti Consulting can offer expert business advice in various fields, we operate a team of experienced business consultants that are on hand to help your small business grow as provide recovery programmes. If you need a small business plan the we are on hand to assist.
We have been in business first, and then we are Accountants, we understand how your business works, the issues you face and how to help you make the most of what you have, as well as where you want to go.
- Fixed Fees
- Unlimited Advice
- Monthly Direct Debit
- You choose your software, we can help.
- Free collection and return of your Accounting Documents
- Limited Companies from £25 pm
- Sole Traders from £22 pm
- Personal Assessments from £100.
We are here to help your business and keep you informed. Why not hit the Instant Quote button now!
INSTANT ACCOUNTANT QUOTE NOWAs your Local Accountant we offer Fixed Accounting Fees from the outset, so you know exactly what your accounting fees will be for the year. You can then budget knowing that your not going to get an invoice every time. This way you have no surprises from your Local Accountant.
Your business, your choice, whether you want to work on Excel, Quickbooks, Xero or a specialised industry accounting program. Your software will the main source of accounting information giving you instantly up to date financial information. And, we provide full set up and training on all Cloud Software.
Having your own dedicated small business accountant means you don’t have to keep explaining your business each time, deal with one person. Your dedicated Small Business Accountant team gets to know you and your business meaning their advice has a bigger benefit to you.
Merranti Consulting can offer expert business advice in various fields, we operate a team of experienced business consultants that are on hand to help your small business grow as provide recovery programmes. If you need a small business plan the we are on hand to assist.
Below are just some of our most recent Croydon client stories we have helped our clients.
We can provide a complete range of services to support you and your business with all your accounting needs to ensure you have the necessary information to run a successful business, whilst also ensuring that your statutory obligations are met and adhered to. We do this with agreed costs giving you peace of mind and absolute clarity over the prices you will be charged. By being based locally, we are perfectly located to assist your business with its financial reporting.
Our Coulsdon Accountants are ready to assist whether you are a sole trader or a Limited Company, our clients need us to complete tax returns however it's the advice and support they look for, with a full Consulting team we are ready to assist in their growth and expansion.
Click here for your Instant online Sole Trader Quotation Our costs are competitive however its the advice on how to save tax payments that are key to our clients.
Click here for your INSTANT ONLINE LIMITED COMPANY QUOTE All our quotes include day to day general accounting advice, our fees are fixed with no hidden extras and payable monthly by direct debit.
As Accountants in Coulsdon, we understand the level of attention larger companies need and with your dedicated accountant in Coulsdon we will be able to develop an understanding of your tax and business requirements advice when you need it, we work with specific industry software as well as supply FD roles when needed.
Companies House in the UK is a vital government registry for all types of corporate entities. It serves as a hub for business information, promoting transparency, ensuring legal compliance, aiding in research, and supporting various business transactions. It plays a pivotal role in preventing fraud, monitoring business activities, and facilitating government tax collection. In essence, Companies House is essential for maintaining a transparent and well-regulated business environment in the UK.
Financial reporting and auditing are governed by various regulations and standards:
To claim R&D tax credits in the UK:
In April 2023 the Corporation tax rate was raised from 19% to 25%. However, tax rates and regulations can change, so it's important to verify the current rate with Her Majesty's Revenue and Customs (HMRC) or a qualified tax professional. The due date for Corporation Tax in the UK typically depends on the company's accounting period. In general, Corporation Tax is due 9 months and 1 day after the end of the accounting period.
The Construction Industry Scheme (CIS) in the UK regulates taxation within the construction sector. It involves contractors and subcontractors registering with HM Revenue and Customs. Contractors verify subcontractors' tax status before making payments, with deductions based on the subcontractor's status. Monthly reporting to HMRC is mandatory, and contractors must pay the deducted taxes. Compliance is crucial to avoid penalties, and end-of-year statements are provided to subcontractors. Disputes can be appealed with HMRC. CIS aims to enhance tax compliance and reduce evasion in the construction industry, ensuring accurate tax payments by subcontractors.
Value Added Tax (VAT) is a consumption tax imposed at different stages of production and distribution, ultimately passed on to the end consumer. VAT registration is mandatory when a business reaches a specific annual turnover, typically set by each country, or when engaged in specific taxable activities. In some instances, voluntary registration is an option for businesses below the threshold but looking to recover input tax. The due dates for Value Added Tax (VAT) payments vary by country and can also depend on the specific circumstances of the business. In many countries, VAT payments are typically due on a regular basis, such as monthly, quarterly, or annually. The specific due dates are often determined by the tax authorities and can be influenced by factors like the business's turnover, industry, and filing frequency.
businesses can take various legal forms, including sole proprietorships, limited companies, partnerships, limited liability partnerships (LLPs), community interest companies (CICs), non-profit organizations, and franchise businesses. Each of these structures comes with distinct tax implications, making it essential for business planning. Sole proprietorships are straightforward but hold the owner personally liable for debts, subjecting profits to Income Tax. Limited companies are separate entities and pay Corporation Tax, with tax considerations for dividends and salaries. Partnerships distribute profits and losses among partners, who report this on their personal tax returns. LLPs combine limited liability and tax transparency. Community Interest Companies have unique tax rules due to their community-focused objectives, and non-profit organizations benefit from tax relief and exemptions. Selecting the right structure and effectively managing tax obligations are critical for business success. Business owners must grasp the tax intricacies associated with each structure, such as liability, tax rates, and eligibility for tax deductions and credits. Seeking guidance from tax professionals is often advisable to navigate these complexities, optimize tax planning, and make informed choices aligned with business objectives. Understanding the tax implications of the chosen structure is paramount for effective financial management and decision-making.
Making Tax Digital (MTD) represents a fundamental transformation in how the UK manages its tax processes. This initiative mandates that businesses maintain digital records of their financial transactions and submit tax returns electronically. The significance of understanding and adhering to MTD requirements cannot be overstated. Compliance with MTD is a legal necessity, backed by the potential for penalties and fines imposed by HM Revenue and Customs (HMRC). By encouraging real-time financial record-keeping and digital submissions, MTD aims to enhance accuracy and efficiency, thereby reducing errors, late payments, and the risk of tax investigations. Furthermore, embracing MTD provides businesses with up-to-date financial data that can inform strategic decisions and financial planning. It also promotes financial transparency by offering a real-time view of tax obligations throughout the year, alleviating the stress traditionally associated with year-end tax filings. It is imperative for businesses and individuals in the UK to remain informed about MTD's evolving regulations, ensuring continued compliance and the full utilization of the benefits it offers in terms of accuracy, efficiency, and financial management.
Claiming VAT on residential developments is not as straight forward as it seems, we strongly suggest you engage a Property Accountant when considering development as there are many pitfalls. As an example, only new build is Zero Rated where refurbishment, or conversion, from Commercial to Residential development is 5%. However there are many examples that vary, your contractors should charge you zero-rated or 5% dependent on producing an HMRC certificate confirming your status. It is common for materials and consultants to charge VAT. The type of build contract also varies the VAT. Further information can be found at HMRC Information or alternatively contact Steve Watts at Merranti Property Accounting.
Question: Can I claim VAT on white goods for Property Development. Although the development of residential property for a new build is 0%, refurbishment is 5%, there are still items that you cannot claim the VAT back on. One of these is any White goods that you supply with the property, for example, washing machines, fridges and cookers. This doesn't matter if they are built-in or free standing. If they are being supplied by your contractor then they should issue a separate invoice with the full VAT included and this should then be listed in your VAT return in such a way where you do not claim the VAT back. It is also important that you hold a valid certificate to be able to make or receive a zero-rated vat supply for any building work or development. A refurbishment project qualifies for a reduced VAT rate of 5% if the property was originally commercial and is now being converted to residential. Additionally, if the residential property is being converted to a smaller or larger number of units it will qualify for the reduced VAT rate. Additional elements need to be considered for VAT, hiring of equipment, scaffolding and if the additional buildings are built further than 5m away from the original development. With property development getting the VAT right is important at the beginning as these are costs that you may not later be able to recover, many main contractors have found themselves with issues where they make what they thought was a zero-rated vatable supply only to find out later it's chargeable. HRMC require this payment from you immediately and although you can pass this charge on if the company is no longer in existence, ( as most developments are under and Special Purpose Vehicle) then they are left holding this cost. Not to confuse this with supplies that invoiced from Consultants as there can be claimed, if it part of a Design and Build Contract can be invoiced at Zero Rated. For further information, Stephen Watts is our resident Property Accounting development expert.
Our Office in Croydon is the best way to contact us.
Lockdown has shown us that with the communications over phone and video that we can be near you easier than ever now. Whether it's by video or meeting we can provide our services nationally and still be near you. WIth included accounting advice, you can easily now book a call with us at a time convenient to you.
Using our online quote system you can obtain your quote for all our services, remember our packages include accounting advice and interest free direct debit.
INSTANT ACCOUNTANT QUOTE NOWYes, we do, we can provide all the bookkeeping and local accountant services including monthly management accounting reports. If you need reports for sales, costs and predictive accounts to show forecasts or budgets then we can help. We also provide project or client reports so that you can keep within your budgets.
We have Accounting offices in Brighton, London, East Grinstead, Reigate however we deal with clients nationally and act as your Local Coulsdon Accountant. We can provide all local services you would expect from a Local Accountant near you, however, our costs are competitive as well as having fixed fees inclusive of general accounting advice. We also have a full team of business advisory consultants there to help you move your business forward.
A number of our local accountant clients only need us to provide Tax advisory and Accounting board services, they just need the insight of a dedicated local accounting professional. Stephen Watts is our resident Financial Accounting Director and sits on the board of a number of companies. His experience can be found here
We provide Local accounting services to many who require Audit services, we carry out the day to day accounting services by a dedicated local Accounting Team & prepare Accounts who we then provide to our London Audit Partners who are top 25 UK Auditor. This gives a cost-saving and allows for true independence in the Audit cycle.
The fiscal period spanning from 2023 to 2024 is referred…
The act introduces measures to enhance our data quality and…
Introducing ‘Sharing Best Practice’ Breakfast Events! At these events you will…
If your on the coast then contact the Brighton Team
Enter your email here to subscribe to our Accounting Advice Newsletter
Small Business Accounting requirements depend on whether you are trading as a sole trader or a limited company.
As a sole trader, your accounting period will run from 6th April until the following 5th April. The accounting for the year will need to be reported by 31st January the next year. So trading of 6th April – 5th April 2021 would need to be reported to HMRC by the 31st January 2022.
This reporting will form part of your self-assessment.
A Limited company is very different, mainly because it in itself is a separate legal entity from the shareholders or directors.
Here are the main elements that you need to know for a Limited Company, all of which are covered by the Small Business Accounting package as standard.
This needs to be reported annually to Companies House, which confirms the Directors and Shareholders as well as the registered office. This is done electronically
This is required to be filed each year 9 months after the companies end of the year, also referred to as a CT600. This will advise HMRC of your company figures as well as inform them of any corporation tax you need to pay.
AS well as filing your CT600 to HMRC you need to send filleted (accounts with reduced information) to Companies House which they hold and will be available to everyone. Often these are used for the credit rating of the company. Included in our Accounting Package
As part of a Limited company you need to have an address that you use as a registered office, this is where Companies House, HMRC and court papers would be sent. This is normally your accountant’s address.