For every small business, accountants are an important part. They increase the company’s growth, development, and tax returns policy control. A businessman could take out the opportunity for anyone else and do this job himself to cut out the expense of an accountant. But this is not an easy job. One person alone cannot manage too many things together. There are some successful tips that can speed up your business and you will not have to hire another accountant for contractor as well.
BNW Accountants Ltd is registered & licensed with ACCA & ICAEW. We hold Gold status for trainee development program which means that our staff goes through a rigorous and detailed training program. We have served over 1,000 clients who are based in both London and other parts of the United Kingdom. This vast portfolio enables us to plan & execute your finance tasks efficiently. Our tax experts plan your taxes in advance so that you do not end up paying heavy tax bills or anything extra than the amount due to HMRC.
Our team of experienced bookkeepers can streamline your bookkeeping processes and help you switch from manual bookkeeping processes to software suitable for your needs and requirements. We are Xero certified accountants and our team has the experience of working on Xero, Sage, Quickbooks and various other software.
If you are a startup, we have a simple procedure for you to engage our services. If you are already in business and are looking to switch accountants, we can do this for you with ease and efficiency without requiring much of your involvement which ensures that you get the time to do what you do best and lets us handle everything else for you.
For a quick quotation, fill in the Form.
Our London Accountants Are Here To Help Every Business
We are a firm of chartered accountants with offices in both south and West London serving individuals and businesses in London and all over the UK. We understand the importance of your finance function, therefore easy access to our offices can give you peace of mind and great convenience when you require assistance. Our team consists of taxation and accounting experts, with years of industry experience to help you with your day to day business needs. Our team is happy to visit you in any London post code to save your time, and this all comes at no extra cost to you.
We have easy & compatible fee packages. Our fee packages include bookkeeping, payroll, management reporting, VAT Returns, self-assessments, corporate tax return & corporate accounting.
The success & strong position of UK is mainly because of London, it is one of strongest regions on the planet. It offers great prospects for business development, great education opportunities, access to top tier firms & consultants, and it has one of the most developed financial sectors in the world. London’s population is around 9m so think of the ease of employment businesses have in the city. London attracts around 30m visitors each year which plays a key role in the success of local London businesses. Therefore all you need is a vision and good planning. Our team can help you in arranging the finances to set up your dream business, developing the business controls and complying with the statutory requirements.
London Accountants For Completion of Your Accounts and Tax Returns
Incorporated entities are required to prepare and submit their statutory accounts and corporation tax returns to Companies House and HMRC. Statutory accounts are due to be filed within 9 months of the year end whereas the corporation tax returns are due to be filed within 12 months of the year end. Our experienced team of professional accountants works closely with our clients to ensure that the accounts and tax returns are accurate and present a true and fair view of the business. Working with clients from various business sectors has ensured that no task or query is too technical for us to resolve.
BNW accountancy firm acts as your own finance department. We are fully capable to manage all your bookkeeping, accounting & taxation needs. Our on-boarding process is easy and quick, and you can set us up as your finance function in a matter of days. Upon on-boarding, you will be assigned a dedicated manager who will supervise your work and will be in touch with you frequently. You’re provided direct access to your dedicated manager so that you can contact him just as like your any other team member working at your premises. BNW accountants’ assigned manager will be a fully qualified and experienced individual, who will be manage your bookkeeping, payroll, VAT, statutory accounting & taxation duties.
We Provide Fixed Fee Accounting Services in UK
BNW accountants provides affordable services to wide range of clients. Our fee is fixed per annum, and it is calculated based on the time we expect to spend. Our expected time is worked based on your business turnover, number of employees, VAT status, bookkeeping work & volume of transactions. Once you have signed up our engagement letter the fixed fee remains the same for the year as long as the service level is same. To ease your cash flows, we take monthly payments through direct debit at start of each month; this makes sure that you don’t have to pay the yearly bill lump sum. We provide you monthly invoice & your account statement every month, our fee is fully allowable expense for your business and the VAT element is fully recoverable in your VAT registered business.
Unincorporated businesses usually operating as self-employed or sole traders are required to file an annual self-assessment tax return to HMRC. Through the self-assessment tax return, they are required to declare their income and expenses and pay any taxes and national insurances due on their profits. Sole traders can claim allowable expenses which help them reduce their taxable profits and in turn their tax liabilities and bills. A tax year in the United Kingdom runs from 6th April to 5th April every year. The deadline for submitting a self-assessment tax return is usually 31st January every year for the past tax year. If your taxable income in a year is below the personal allowance threshold, you might not be required to pay any taxes to HMRC.
A limited Company is a Corporate Structure where it has a separate legal entity which implies the owner’s assets and incomes are totally separate from the Companies assets and Incomes. Limited Companies need to be incorporated in Companies House by choosing a name, and that implies the organization exists and works freely to the owners of the business and it can likewise go into contracts in its own name. One of the greatest benefits of changing to a limited organization is the Director pays less tax in contrast with sole trader as much of the income comes through dividends. Limited companies need to follow the essential consistence set by the Companies Act 2006.
In a Partnership, you and your partner (or partners) by and by share liability regarding your business. This incorporates any misfortunes your business makes, bills for things you purchase for your business, like stock or equipment. Partners share the business’ Profits, and each partner pays tax on their portion of the profit share. A partner doesn’t need to be a genuine individual. For instance, a limited company is considered a ‘lawful individual’ and can likewise be a partner. You can set up a limited liability partnership (LLP) to maintain a business with at least 2 members. A member can be an individual or a company, known as a ‘corporate member’. Each member pays tax on their portion of the profits, as in an ‘ordinary’ business partnership, however isn’t by and by obligated for any obligations the business can’t pay.
London Accountants Near Me
We are a small firm of accountants formed with the specific aim of providing financial advice and accountancy services to businesses in London and all over the UK. We offer a modern and cost effective approach to business accounting, giving you the advice you need to get started and supporting your business as it grows. We can tell you what finance providers will expect to see, guide you on a business plan format, the level of detail required, and help with cashflows, budgeting and forecasting. we can help you set up the various ‘books’ you will need, be it a good spreadsheet, paper filing or an accounts package. Whether you are starting from scratch, buying a business or perhaps you simply have a good idea, we are here to provide advice for those first steps. our team has extensive experience in setting up and operating most of the accounting software packages available today.
We are based in London with two offices, which gives you ease of access to our team. As a business you face various issues on which you require expert advice therefore having an accountant in easy access and close vicinity is very important. Also, it enables us to visit our clients frequently, have a chat with the management and help them wherever and however possible. We have strong presence in London through various business networks and our clientele. It enables us to refer you the services of different industry experts.
For a quick quotation, fill in the Form.