- 9105 Access House, 141 Morden Road, Mitcham, CR4 4DG
- Mail: info@bnwaccountants.co.uk
- Unit 9105, 141 Access House, Modern Road, Mitcham,
- 0208 648 0800
- info@bnwaccountants.co.uk
Accountants and Tax Advisors in London
BNW accountants are experienced accountants and tax advisors in London. Audit, advisory and tax services for businesses and individuals starting from £20.
- Completion of your annual accounts and tax returns
- Dedicated accountant for small business
- MTD-ready accounting software
- 24/7 phone support
What Accounting Services We Provide
We’ve designed our service portfolio to cover every financial need your small business might have. Let me walk you through exactly how we support you across these critical areas.
Bookkeeping
Our bookkeeping services form the foundation of good financial management. We use cloud accounting for small businesses through platforms like Xero and FreeAgent, which means you can access your financial information anytime, anywhere. We handle all the transaction recording, bank reconciliation, and financial record-keeping that keeps your books accurate and up-to-date. This isn’t just about compliance—it’s about giving you real-time insights into your business performance so you can make informed decisions quickly.
Annual Accounts
Our annual accounts preparation service takes the stress out of year-end compliance. We prepare your statutory accounts in accordance with UK accounting standards and file them with Companies House on time. More importantly, we use this process as an opportunity to review your business performance, identify trends, and provide insights that help you plan for the year ahead.
Monthly Payroll
Our payroll services for small businesses handle everything from calculations to submissions, ensuring your employees are paid correctly and on time, every time. We manage PAYE, National Insurance contributions, pension auto-enrollment, and all the reporting requirements that come with employing people. Payroll errors can damage employee trust and create compliance issues, so we make sure everything runs smoothly. You focus on managing your team; we’ll make sure they’re paid properly.
Corporation Tax
When it comes to corporation tax return services, we ensure accuracy and timely filing so you never face penalties or interest charges. We don’t just fill in forms—we actively look for legitimate ways to minimize your tax liability through allowable deductions and reliefs you might not know about. Our goal is to ensure you pay exactly what you owe, not a penny more.
Financial Record Management
Accurate financial record management is the foundation that support all other accounting services. Our team track accounts receivable and payable and ensure your financial data remains current and audit-ready.
VAT
We handle VAT registration for small businesses quickly and efficiently, and our ongoing support with VAT returns ensures you meet all compliance requirements. VAT can be particularly tricky, with different rates, schemes, and rules depending on your business type. We help you understand which VAT scheme works best for your situation and manage all the quarterly submissions. As one client mentioned, our team has been “particularly helpful when dealing with VAT and accounts”.
Who Do We Provide Tax Advisory and Accounting Services in London
We support small businesses, self-employed professionals and limited companies. Landlords, ecommerce operations and startups across London also benefit from our expertise. Each service combines technical expertise with business advice focused on improving financial control and maintaining compliance while supporting long-term growth.
Sole Traders
Being self-employed represents the simplest path to business ownership, requiring no registration fees. However, as a sole trader, you assume personal responsibility for any debts incurred by your business. Our self-employed accountants at BNW excel at simplifying your finances through comprehensive services designed specifically for independent professionals.
From £30 per month
Freelancers
We provide freelancers with services ranging from accurate bookkeeping and tax preparation to financial statement analysis. Our team stays current with ever-changing tax regulations to ensure compliance while maximizing available deductions. Moreover, we help establish realistic financial goals alongside effective budgeting and cash flow management strategies to secure your long-term success.
From £30 per month
Limited Company
Following incorporation, our first priority involves deeply understanding your business operations to provide guidance aligned with your specific requirements. We thoroughly explain all accounting aspects and their business impact while ensuring full compliance with Companies House and HMRC regulations.
From £20 per month
SMEs
At BNW, we specialize in providing business advisory services tailored specifically for SMEs. Our qualified consultants comprehend your unique business needs and help bridge gaps between your current operations and industry benchmarks. We work collaboratively to develop effective strategies maintaining your competitive advantage.
From £20 per month
Contractors
Understanding the distinctive financial challenges contractors face, BNW offers bespoke accounting solutions. Our contractor services include specialized assistance with record-keeping, CIS Tax Returns, and navigating complex regulatory requirements.
From £40 per month
Partnership
BNW understands the unique dynamics and legal framework governing partnership businesses. We offer personalized service, working closely with partners to comprehend your operations and financial goals while providing sound guidance for decision-making.
From £20 per month
Want To Switch?
We’ve made switching to us incredibly easy. Our three-minute onboarding process means you can get started quickly without mountains of paperwork or complicated procedures. We handle the transition from your existing accountant smoothly, taking care of all the technical details so you don’t have to worry about anything falling through the cracks.
STEP
01
Get Online Quote
Get an instant online quote for your required services to find out how much you'll be paying for services
STEP
02
Signup With Us
Now you will provide your registration details related to your business to signup to our services.
STEP
03
Services Confirmation
Our team will get in touch with you to confirm all the details and share useful information.
STEP
04
Final Onboarding
To get started with your services, we’ll get you set up, settled in and introduce you to your accountant.
Our Team of Accountants and Tax Advisors in London
Our position as a leading London accounting firm serving over 800 clients across various sectors reflects the trust businesses place in us. From startups to established companies, professionals consistently choose us for several key reasons.
We help startups navigate the often complex world of finance, enabling them to focus on growing their business. Understanding that choosing an accountant can be challenging in such a vast market, we've structured our offerings to provide comprehensive solutions rather than partial services.
Contractors also find our expertise invaluable. Recognizing their distinct financial challenges, we provide tailored services such as contract review, IR35 advice, company formation assistance, and tax planning. Our goal is to help contractors optimize their financial performance while ensuring regulatory compliance.
Beyond startups and contractors, London's SMEs appreciate our ability to incorporate limited companies, limited liability partnerships, or limited by guarantee companies in the United Kingdom within hours.
We consistently earn client trust through our commitment to excellence and satisfaction, positioning BNW as the accountancy partner of choice for discerning London businesses.
What Cloud Software We Use
We use different cloud accounting softwares, including Xero Accounting Software and freeagent. Helping businesses choose the right accounting solution for there business and industry.
XERO
We use Xero for all our online accounting needs. It is more than just an online accounting system. It is also integrated with lots of other business applications and ecommerce platforms. You can also process online payment processing via Stripe and GoCardless. For banking, Xero connects to over 21,000 banks in 190 countries.
FreeAgent
FreeAgent – Simple online accounting software for Freelancers, Contractors and Small Businesses. FreeAgent automatically builds a business account from all the bank statements, invoices and expenses you have entered throughout the year. This makes it perfect for growing teams and businesses.
Sage and QuickBooks
We can set up a Sage account or a QuickBooks account for you. Sage have recently launched an AI automated feature to Sage Accounting called ‘Copilot’ which automates many of the tasks within the package. The same can be said for the mobile apps for the QuickBooks software.
Checkout Our Great Reviews
We are trusted by hundreds of small businesses, contractors and SMEs due to best accountancy packages. Our financial modeling techniques forecast your budget and cash flows with precision and give you the foresight to plan ahead rather than react to problems. We provide the strategic guidance that helps you understand where your business stands financially, beyond technical expertise.
Our Mission
At the core of BNW's philosophy is our unwavering commitment to a service approach that goes beyond traditional accounting. Our goal is to provide each client with the highest level of professional service tailored to their specific needs. Rather than offering one-size-fits-all solutions, we take time to understand your unique business challenges and objectives.
- Proactive Approach
- Personal Attention
- Professional Excellence
We don't simply react to regulatory deadlines or financial issues. Instead, we anticipate potential challenges and opportunities, providing forward-thinking advice that helps you stay ahead. Our proactive methodology, combined with our deep industry knowledge, allows us to deliver results that drive business growth and profitability.
We recognize that every business has unique needs. For this reason, we work closely with each client, building relationships based on trust and understanding. As expressed in our company values, we offer our customers highly professional, reliable, and stress-free accounting and taxation services by working with each client as one family.
Our commitment to excellence and client satisfaction sets us apart in the competitive field of accountancy services. We constantly strive to exceed expectations through meticulous attention to detail, ongoing professional development, and adherence to the highest standards of our profession.
Accounts Audit, Tax Planning and Advisory Services
Effective tax management often makes the difference between business stress and financial peace of mind. At BNW Accountants, we excel in navigating the complex tax landscape to ensure you never pay more than necessary.
- Corporation Tax Planning
- Self-assessment Tax Returns
- Capital Gains and Inheritance Tax Advice
Our corporate tax services deliver expert solutions tailored to your business needs. We leverage extensive knowledge to provide customized planning strategies, careful return preparation, and effective resolution of disputes with tax authorities.
Corporation tax payments typically fall due 9 months and 1 day after your accounting period ends. For instance, with a January financial year-end, your corporation tax payment deadline would be October 1st.
Each year after preparing your statutory accounts, we provide a comprehensive report highlighting areas where expenses can be minimized and earnings increased, plus proactive tax planning advice to reduce future bills.
Every year, individuals must submit self-assessment tax returns to HMRC to report income and calculate tax liabilities. The online submission deadline falls on January 31st, yet HMRC advises planning well ahead to avoid last-minute complications.
As self-employed individuals, you'll need to complete these returns, which we can conveniently file either online or via paper. When meeting HMRC's criteria, you may need to make advance income tax payments in January and July, alongside a final payment with your year-end return.
Common mistakes we help clients avoid include:
⦁ Not applying for a UTR number early enough (it takes up to 6 weeks to receive)
⦁ Omitting relevant income sources
⦁ Failing to declare charitable giving
⦁ Inadequate record keeping
⦁ Missing submission deadlines
Indeed, late filing triggers an automatic £100 fine that increases over time. Our expertise ensures accurate, timely submissions that prevent unnecessary penalties.
Capital Gains Tax (CGT) applies to profits from selling certain assets. Through our expertise, we ensure your CGT liabilities are minimized while investment returns are maximized.
Various exemptions and reliefs exist that can reduce CGT obligations. For example, selling your primary residence may qualify for Principal Private Residence Relief, potentially exempting all or part of the gain. Likewise, the timing of asset disposals significantly impacts tax liabilities - spreading sales across different tax years can utilize annual CGT exemptions.
For inheritance tax planning, we assist with the following crucial aspects:
⦁ Advising on inheritance tax consequences of lifetime gifts and trusts
⦁ Preparing wills in tax-efficient ways
⦁ Securing all possible inheritance tax savings when dealing with estates
⦁ Assisting executors with post-death variations to mitigate tax
Throughout your tax journey, our experienced team stays current with ever-changing regulations, providing clear guidance that transforms complex tax matters into manageable solutions.