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Croydon Accountant
Work with an accountant who understands business

We understand how your Croydon business works
So as your Accountant we listen to you and what you want.

Cloud Accountiing Specialists

Business Accounting
Let's talk abour your Business

Our job is to make your life easier
to provide solutions, not problems

Business Growth

Fixed Fee Business Accounting
Know how much your fees are!

Monthly fixed fee which includes general accounting advice
Call us - anytime

CROYDON ACCOUNTANTS: OUR SERVICES

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.

Annual Accounts - Merranti Accounting

Annual Accounts

We will prepare your accounts and talk you through the results, highlighting ...

Bookkeeping - Merranti Accounting

Bookkeeping

Everyone’s bookkeeping needs are different. At Merranti we are committed to providing ...

Company Secreterial - Merranti Accounting

Company Secretarial

Many administration roles must be adhered to but unfortunately, these do not ...

Buy, Sell or Merge - Merranti Accounting

Buy, Sell or Merge

When considering a new investment it is important to asses if it ...

Financial and Management Accounts - Merranti Accounting

Financial & Management Accounts

Merranti will work with you to develop management information on a regular ...

Investment Appraisals - Merranti Accounting

Investment Appraisals

An Investment Appraisal is usually the final stage of putting together a ...

Payroll - Merranti Accounting

Payroll

At Merranti we understand the importance of payroll. We can make sure ...

Tax Fee Protection - Merranti Accountin

Tax Fee Protection

HMRC Tax and VAT Investigations can be daunting, disruptive and expensive. Merranti ...

Tax Returns - Merranti Accounting

Tax Returns

Tax returns must be completed and filed with HM Revenue & Customs ...

VAT Services - Merranti Accounting

VAT Services

VAT is a complicated area and we have the expertise to ensure ...

Property - Merranti Accounting

Property

We know the difference between our per square foot and square metre, ...

Self Assessments - merranti Accounting

Self Assessments

We will take on this burden for you, helping to ensure you ...

I was frustrated with my previous accountant, and my bookkeeper recommended me Merranti Accounting Ltd. Excellent service and very professional. Stephen goes the extra mile and explain everything in an easy to understand way. Very happy and I highly recommend this firm.

Steve and Merranti have been Aim Hire’s accountants for many years now, and we have grown significantly, they have proven to be incredibly efficient and trustworthy in everything they do. There is no fuss, no hassle; they are just a great company to deal with, I highly recommend them.

A friend recommended me to use Merranti Accounting. I am pleased to be one of their clients, and I feel like I am in good hands, I think now, I don’t have to worry about what to do. Stephen and the team are very professional and honest, and those were the traits that sum up a good accountant.

The first firm of accountants I’ve found that genuinely go the extra mile. Their support during what have been an extremely challenging couple of years has been nothing short of exceptional. Friendly, approachable, flexible and jargon-free, I can’t recommend Merranti highly enough.

Jason and the team at Merranti have been fantastic. I am a new business and they are always on hand for support. I can not fault them with their 5 star service

Wow! These guys are not your usual accountants. They have such a broad knowledge from full on business strategy to penny saving ideas, not to mention the fixed fees. They are capable of far more than just bookkeeping. Highly recommended!

Jason and his team are lovely – I have only been working with them a short time and they have already helped me loads and my business is even better for it. I cannot recommended them highly enough.-MJ

Merranti Accounting have been looking after the financial affairs of my companies for well over a decade.  Most recently I have been assigned an Account Manager, Andrew, and working closely with him has increased the ease with which I can work with Merranti Accounting.

I have never looked forward to doing my accounts, but since Merranti have been completing them it has almost turned in to a pleasurable experience ! Fast, professional, but with that human friendly touch which is now sadly missing in so many aspects of our lives now … Many thanks to you all … Certainly worth 6 stars !

Lovely Anthea @ Merranti has already saved me the best part of £13k! Best thing I’ve done was switching accountants.

Louise Spiring at Merranti Accounting has given me excellent service trying to piece together my father’s accounts using my Power of Attorney. Couldn’t have done it without her knowledge of my father’s affairs.

CROYDON ACCOUNTANTS: WHAT'S THE DIFFERENCE

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 NOW

Fixed Fees

As 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.

Cloud Accountants

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.

Dedicated Accountant

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.

Business Advice

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.

Xero redhill accountant and bookkeeper
CIMA redhill accountant and bookkeeper

CROYDON ACCOUNTANTS: WHAT'S THE DIFFERENCE

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 NOW

Fixed Fees

As 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.

Cloud Accountants

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.

Dedicated Accountant

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.

Business Advice

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.

CROYDON ACCOUNTING RECENT PROJECTS

Below are just some of our most recent Croydon client stories we have helped our clients.

IHT Planning

Family Investment Company

IHT Planning, London Accountants, Property Accountants
Merger & Acquisition London Accountant

Buy or not to Buy

London Accountants, Merger or Acquisition, Retail Accounting
Management Accounts London Accountants

London Retailer – Management Accounts

London Accountants, Managment Accountants, Retail Accounting
ABOUT CROYDON ACCOUNTING

We are leading Financial & Management Accountants in the Croydon Area

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.

Your Accountants in Coulsdon for 10 years

We can help your business save tax and grow!

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.

Frequently Asked Questions

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:

  1. Financial Reporting:
    • UK Generally Accepted Accounting Practice (UK GAAP) and International Financial Reporting Standards (IFRS) guide how companies prepare financial statements.
    • Larger companies often use IFRS for consolidated financial statements.
  2. Auditing:
    • The Companies Act 2006 establishes legal requirements for company audits, auditor appointments, and audit reports.
    • Auditors follow International Standards on Auditing (ISAs) and UK-specific standards issued by the Financial Reporting Council (FRC).
    • The FRC oversees accounting and auditing standards, while other bodies like the Audit Quality Review (AQR) and Professional Oversight Board (POB) regulate audit firms.
Keep in mind that regulations can change, and staying updated with the latest rules is important. The UK has been undergoing reforms to strengthen auditing and corporate governance, so it's essential to follow current developments.

  1. Personal Allowance: A certain amount of income is tax-free, known as the personal allowance. Beyond this threshold, income is subject to taxation.
  2. Basic Rate: Income above the personal allowance up to a certain threshold is taxed at the basic rate. This rate is typically lower than the higher tax bands.
  3. Higher Rate: Income above the basic rate threshold up to another threshold is taxed at a higher rate, which is greater than the basic rate.
  4. Additional Rate: Income above the higher rate threshold is subject to the additional rate, which is the highest rate of income tax in the UK.
In addition to these basic rates, there are other tax considerations like the dividend tax and capital gains tax. The rates and thresholds may vary from year to year as determined by the government's fiscal policies.

  1. Register with HM Revenue and Customs (HMRC) as employers.
  2. Collect employee information, like names, addresses, and National Insurance numbers.
  3. Use payroll software to calculate and deduct Income Tax and National Insurance Contributions (NICs).
  4. Pay employees on time and provide payslips.
  5. Report earnings and deductions to HMRC using Real Time Information (RTI).
  6. Manage National Insurance Contributions for both employees and employers.
  7. Enroll eligible employees in a workplace pension scheme.
  8. Provide year-end forms like P60 and submit annual returns to HMRC.
  9. Keep payroll records for at least three years.
Be aware that regulations may change, so staying informed and seeking professional guidance is crucial to ensure compliance

To claim R&D tax credits in the UK:

  1. Ensure eligibility as a limited company engaged in qualifying R&D activities.
  2. Clearly identify R&D projects meeting criteria.
  3. Keep detailed records of R&D activities and costs.
  4. Calculate R&D costs (wages, subcontractors, consumables, etc.).
  5. Prepare your claim with a tax advisor.
  6. Submit your claim to HMRC online or via paper form.
  7. Await HMRC review and provide additional info if needed.
  8. Receive approved credits as a reduction in corporation tax or cash payment.
  9. Maintain R&D records for future claims.
  10. Consult a professional for expert guidance.

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.

Here are some common VAT payment schedules:

  1. Monthly: Some businesses, particularly those with high turnover, are required to remit VAT on a monthly basis.
  2. Quarterly: Many businesses, especially smaller ones, are on a quarterly VAT payment schedule.
  3. Annually: In certain cases, businesses with very low turnover may file and pay VAT annually.
  4. Custom Schedules: Some businesses with unique circumstances or international operations may have custom VAT payment schedules.
It's essential for businesses to understand their specific VAT payment schedule, as well as the deadlines and requirements set by their country's tax authority. Missing VAT payment deadlines can lead to penalties and interest charges, so compliance is crucial.

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.      

Do I need to go VAT registered?

The simple answer is Yes if you fall into certain parameters, the following information will assist in this question.

VAT – Your need to know

  VAT registered businesses act as unpaid tax collectors and are required to account both promptly and accurately for all the tax revenue collected by them. The VAT system is policed by HMRC with heavy penalties for breaches of the legislation. Ignorance is not an acceptable excuse for not complying with the rules. We highlight some of the areas that you need to consider. It is however important for you to seek specific professional advice appropriate to your circumstances.

What is VAT?

A transaction is within the scope of VAT if:
  • there is a supply of goods or services
  • it was made in the UK
  • it was made by a taxable person
it was made in the course or furtherance of business.

Inputs And Outputs

Businesses charge VAT on their sales. This is known as output VAT and the sales are referred to as outputs. Similarly VAT is charged on most goods and services purchased by the business. This is known as input VAT. The output VAT is being collected from the customer by the business on behalf of HMRC and must be regularly paid over to them. However, the input VAT suffered on the goods and services purchased can be deducted from the amount of output tax owed. Please note that certain categories of input tax can never be reclaimed, such as that in respect of third party UK business entertainment and for most business cars.

Points to consider

Supplies

Taxable supplies are mainly either standard rated (20%) or zero rated (0%). There is, in addition, a reduced rate of 5% which applies to a small number of certain specific taxable supplies. There are certain supplies that are not taxable and these are known as exempt supplies. There is an important distinction between exempt and zero rated supplies.
  • If your business is making only exempt supplies you cannot register for VAT and therefore cannot recover any input tax. ·Property Development has differing rules, this is exempt and although supplier can invoice at 0% ( for new build residential) often they don’t, however, you can still claim back almost all your inputs however there are exceptions like kitchen appliances, for more information visit out Property Accountant website page.
If your business is making zero rated supplies you should register for VAT as your supplies are taxable (but at 0%) and recovery of input tax is allowed.

Registration - Is It Necessary?

You are required to register for VAT if the value of your taxable supplies exceeds a set annual figure (frozen at £85,000 from 1 April 2017). If you are making taxable supplies below the limit you can apply for voluntary registration. This would allow you to reclaim input VAT, which could result in a repayment of VAT if your business was principally making zero rated supplies. If you have not yet started to make taxable supplies but intend to do so, you can apply for registration. In this way input tax on start up expenses can be recovered.

Taxable Person

A taxable person is anyone who makes or intends to make taxable supplies and is required to be registered. For the purpose of VAT registration a person includes:
  • individuals
  • partnerships
  • companies, clubs and associations
  • charities.
If any individual carries on two or more businesses all the supplies made in those businesses will be added together in determining whether or not the individual is required to register for VAT.

Administration

Once registered you must make a quarterly return to HMRC showing amounts of output tax to be accounted for and of deductible input tax together with other statistical information. All businesses have to file their returns online. Returns must be completed within one month of the end of the period it covers, although generally an extra seven calendar days are allowed for online forms. Electronic payment is also compulsory for all businesses. Businesses who make zero rated supplies and who receive repayments of VAT may find it beneficial to submit monthly returns. Businesses with expected annual taxable supplies not exceeding £1,350,000 may apply to join the annual accounting scheme whereby they will make monthly or quarterly payments of VAT but will only have to complete one VAT return at the end of the year.

Amended VAT Payment Deadlines Due To COVID-19

The VAT deferral period ended on 30 June 2020, and as far as ongoing liabilities are concerned, it's business as usual. It was originally announced that any VAT payments deferred between 20 March 2020 and 30 June 2020 should be paid in full on or before 31 March 2021. The Winter Economy Plan changed the rules, giving extra time to pay. The VAT deferral 'New Payment Scheme' allows payment in 11 equal interest-free instalments in the 12 months to 31 March 2022. Businesses will need to opt-in to do this, and HMRC will provide a means of doing so early in 2021 . If businesses prefer, they can still pay in full, or make payments towards the deferred VAT, at any point before 31 March 2021. HMRC has advice on how to do this

Record Keeping

It is important that a VAT registered business maintains complete and up to date records. This includes details of all supplies, purchases and expenses. In addition, a VAT account should be maintained. This is a summary of output tax payable and input tax recoverable by the business. These records should be kept for six years.

Inspection Of Records

The maintenance of records and calculation of the liability is the responsibility of the registered person but HMRC will need to be able to check that the correct amount of VAT is being paid over. From time to time therefore a VAT officer may come and inspect the business records. This is known as a control visit. The VAT officer will want to ensure that VAT is applied correctly and that the returns and other VAT records are properly written up. However, you should not assume that in the absence of any errors being discovered, your business has been given a clean bill of health.

Offences And Penalties

HMRC have wide powers to penalise businesses who ignore or incorrectly apply the VAT regulations. Penalties can be levied in respect of the following:
  • late returns/payments
  • late registration
  • errors in returns.

Cash Accounting Scheme

If your annual turnover does not exceed £1,350,000 you can account for VAT on the basis of the cash you pay and receive rather than on the basis of invoice dates.

Retail Schemes

There are special schemes for retailers as it is impractical for most retailers to maintain all the records required of a registered trader.

Flat Rate Scheme

This is a scheme allowing smaller businesses to pay VAT as a percentage of their total business income. Therefore no specific claims to recover input tax need to be made. The aim of the scheme is to simplify the way small businesses account for VAT, but for some businesses, it can also result in a reduction in the amount of VAT that is payable.

Making Tax Digital for Business: VAT

Under Making Tax Digital for VAT (MTDfV), businesses with a turnover above the VAT threshold must keep digital records for VAT purposes and provide their VAT return information to HMRC using MTD functional compatible software. Keeping digital records and making quarterly updates will not be mandatory for businesses below the VAT threshold which have voluntarily registered for VAT, although such businesses can opt to join the scheme. There are some exemptions from MTD VAT. However, the exemption categories are tightly-drawn and are unlikely to be applicable to most VAT registered businesses.

How we can help

Ensuring that you comply with all the VAT regulations is essential. We can assist you in a number of ways including the following:
  • tailoring your accounting systems to bring together the VAT information accurately and quickly
  • ensuring that your business is VAT efficient and that adequate finance is available to meet your VAT liability on time
  • providing assistance with the completion of VAT returns
  • negotiating with HMRC if disagreements arise and in reaching settlements
  • advising as to whether any of the available schemes may be appropriate for you
  • helping you comply with the MTD for VAT regime.
If you are starting, or have recently started a business in the London area and you would like to discuss any of the points mentioned in this VAT summary please contact us at Merranti Accounting.    

CROYDON ACCOUNTANTS: CONTACT US

Our Office in Croydon is the best way to contact us.

  • 0208 668 6689
  • croydonaccountants@merranti.com
  • 1 Station Approach Rd, Coulsdon CR5 2NS

Contact Us

    I NEED AN ACCOUNTANT NEAR ME?

    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 NOW

    Do you deal with Bookkeeping?

    Yes, 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.

    Why choose Merranti Accounting?

    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.

    Do you offer Financial Director Services?

    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

    Can you provide Audit Services?

    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.

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    CONTACT US Brighton Office

    If your on the coast then contact the Brighton Team

    • 01273 101796
    • brighton@merranti.com
    • Trafalgar Place Mocatta House Brighton BN1 4DU

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      WHAT ACCOUNTING DOES A SMALL BUSINESS NEED?

      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.

      INSTANT ACCOUNTANT QUOTE NOW

      Confirmation Statement

      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

      Corporation tax return

      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.

      Filing Company Accounts

      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

      Registered Office

      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.