Welcome to Bermondsey
Accountants

We provide a range of services to help small businesses manage their finances. These include preparing and filing accounts, managing taxes, and helping with VAT registration and returns. If your business has employees, we can also handle payroll, ensuring everyone gets paid on time, and all deductions are correct.

We also offer advice on business growth. Whether you’re just starting out or looking to expand, we’ll guide you on tax-efficient ways to grow. If you have issues with HMRC, like tax audits or late filings, we’ll work with you to sort them out quickly and efficiently.

Our goal is to take the stress out of managing finances so you can focus on running your business. We explain everything in plain English and are always here to answer questions. With Bermondsey Accountants, you’ll have the support you need to keep your business running smoothly and legally.

Yes! We assist individuals with their taxes, such as filing annual tax returns, managing rental income, or handling capital gains tax. Whether you’re self-employed, earning extra income from investments, or renting out property, we’ll ensure you meet your tax obligations.

We also offer tax planning to help you save money. For example, we can advise on tax deductions you may qualify for, like work expenses or charitable donations. If you’ve received a letter from HMRC or made a mistake on a tax return, we can help you fix it and avoid penalties. We keep things simple by explaining what you need to do and why. This way, you’re never left confused or overwhelmed. Let us take care of the tricky details so you can focus on what matters most to you.

Starting a business is exciting, but it can also be overwhelming. Bermondsey Accountants help you set up your business the right way. We’ll guide you in choosing the best legal structure, such as a sole trader, partnership, or limited company. Each option has different tax rules, and we’ll make sure you pick the one that works best for your goals.

We also help register your business with HMRC and handle VAT registration if needed. Our team can set up proper accounting systems so you’re organized from day one. This includes setting up software, creating a chart of accounts, and training your team. This makes it easier to track income, expenses, and profits.

Additionally, we provide financial advice to help you start strong. We can explain how to secure funding, manage cash flow, and create a budget. With Bermondsey Accountants, you’ll have expert support every step of the way, making your journey to becoming a successful business owner much smoother.

VAT (Value Added Tax) is a tax that businesses must charge on most goods and services. If your business earns over £85,000 a year, you must register for VAT, but you can also register voluntarily if your income is lower.

We can guide you through the VAT registration process and prepare your VAT returns, ensuring accuracy and timely submission.

There are different VAT rates (standard, reduced, and zero), and we’ll clarify which applies to your products or services. Proper VAT management helps you avoid penalties and keeps your business running smoothly, allowing you to focus on your customers.

If your business has employees, payroll involves calculating and paying their wages, as well as managing taxes and contributions like National Insurance. Bermondsey Accountants simplifies this process for you.

We ensure accurate and timely payments, manage earnings and deductions, file payroll reports with HMRC, and provide payslips. Our team stays updated on payroll regulations, so you don’t have to worry about changes.

By outsourcing payroll to us, you save time and reduce the risk of mistakes. This allows you to focus on growing your business while keeping your employees satisfied with accurate payments.

Dealing with HMRC issues can be stressful, but Bermondsey Accountants are here to help. We assist with late tax filings, penalties, audits, and any correspondence from HMRC, guiding you on the next steps.

As your representatives, we handle communications with HMRC, negotiate payment plans, and correct tax return errors professionally and quickly. Our expertise also helps you set up effective record-keeping systems to prevent future problems.

Don’t face HMRC challenges alone. With Bermondsey Accountants by your side, you can achieve the best possible outcome for your situation.