Small Business Tax Accountants London – Hire the Most Experienced Accountants for Your Small Business

Small Business Tax Accountants London – Hire the Most Experienced Accountants for Your Small Business

When you start a business, you do so because you have a good business proposition and the commitment to see it through. You might be an expert in all the aspects of your business, but you may not be an expert in the financial aspects of running a business; thus, you will often need an experienced small business tax accountant. If you are not skilled in financial aspects of your business then there’s no need to be and don’t divert your focus from your core business activities. Fortunately, there are accountancy firms in London like Affinity Associates whom you contact to hire experienced and certified small business tax accountants in London.

We have a team of small business tax accountants in London to take care of your tax and compliance issues in the most professional manner and to offer you the full records for HMRC. We are known for our accuracy and we will make sure that your numbers are right, and your returns are in on time. Along with highly professional accounting services in London, we also offer services such as bookkeeping, payroll, and VAT returns preparation and filling. We don’t just work with larger companies across the UK, but Affinity Associates is also a small business accountancy firm in London that champions the accounting needs of every size and domain. We know that a small business faces more challenges than more established businesses do not, and we are here to support them in maintaining their finances accurately.

What Makes Affinity Associates the First Choice for Small Business Accounting in London?

Affinity Associates has tons of good qualities when it comes to small business accounting services in London and across the United Kingdom. Professionalism and dedication of our tax accountants make them stand over the other service providers in the market. Here are some more reasons to hire tax accountants in London, and they are:

Chartered Status: The first thing is we are Chartered Certified Accountants qualified through the ACCA and ICAEW.  This means that we are held accountable for our actions; that means protection for you.

Big Enough to Care for You Personally: We are big enough and have enough staff to care about you and your business personally, and build a personal relationship with you. Additionally, we have the broad experience to offer you sound business advice your business needs to be successful. We’ve been working with small businesses for years and this accounting and business experience is there for you too.

With You All the Way: We are always with you through thick and thin; we’re not going to bolt just because we are not making the fee’s other accountants are.

Responsive to Your Needs: We are responsive and we are available 24*7. We are not like other small accounting services providers who want to see you once a year to sort out your tax return and annual accounts. Just call us and find out.

Full of Character: We hope you’ll find our character, that of our company and the individuals in it, are a match with you – spirited and entrepreneurial. We are going to have to get along and trust each other for this to work.

An Established Small Business Accounting Firm in London

For years, we have been into the business of providing accounting services to small businesses in London and across the UK. There are plenty of small business accountancy firms in London from where you can hire experienced small business tax accountants, but we’ve been helping small businesses and start-ups for close to 10 years – so we must be doing something right!

Our team of small business tax accountants in London has a better view of all the businesses and financial affairs which in turn makes our recommendations and business advice more focused and effective. Why not call us on +44-20-8903-2077 to arrange a first, no-obligation, meeting with one of our tax accountants in London, UK. That way we can both get to know each other and your needs for a London firm of small business accountants a little better. You can also visit our website to learn more about our services https://www.affinityassociates.com.

Car on Business name or personal name? Contact Small Business Tax Accountants in London

Typically, small business owners always look for tax benefits while buying a car as they cannot afford to keep separate cars for Business and personal use. HMRC understands that and allows personal use of cars taken under business name. But these can only be beneficial if your annual mileage is above 14,500 miles. If you use traditional accounting and buy a vehicle for your business, you can claim this as a capital allowance. If you use cash basis accounting and buy a car for your business, claim this as a capital allowance as long as you’re not using simplified expenses.

If your mileage is below 14,500 miles, then perhaps it is advisable to buy car on personal name and claim mileage. However, this is tedious too, as you will be required to keep record log for your journeys.

Interested to know more? Watch out for our latest blogs and follow us on LinkedIn and Facebook or contact us at info@affinityassociates.com. Through our blogs, we will provide you some really useful insights on how you and your business can benefit from tax loopholes.

So, what to do? Well come to Affinity Associates and we can guide you in the right direction. Affinity Associates is one of the experienced tax accountants in London that serves clients from all over the UK. We have a team of certified and experienced tax accountants in London, who are hardworking and well-versed with the tax compliances in the UK. You can contact our tax accountants in London for any sort of tax advices and tax accounting work.

To learn more about our small business tax accountants in London, and how they can help you, please call us at +44-020-8903-2077 or visit our website at https://www.affinityassociates.com. We will be more than happy to assist you.

Covid – 19 BOUNCE BACK LOAN SCHEME (BBLS)

Covid – 19 BOUNCE BACK LOAN SCHEME (BBLS)

On 4 May 2020, Chancellor Rishi Sunak launched yet again another scheme to support the small businesses during these catastrophic times. Under these schemes, Government will provide 100% guarantee to lenders, thus will ensure least paperwork to be provided to lenders. Lenders will provide loans up to 25% (between £2,000 and £50,000) of business turnover at an interest rate of 2.5%. However, this interest and any associated fees will be paid by the government for the first 12 months. To provide even further help, the Government has decided that there will be no repayments for the first 12 months. These loans will be made for a fixed term of 6 years.

How to Apply

Small business owners including self-employed can apply online to accredited lenders (List of accredited lenders) by filling out a simple online form, with only seven questions. All eligible companies will be subject to standard customer fraud, anti-money laundering (AML) and Know Your Customer (KYC) checks prior to any loan being made.

Who is Eligible

Your business must be able to selfdeclare to the lender that it:

  • has been impacted by the coronavirus (COVID-19) pandemic
  • was not a business in difficulty at 31 December 2019 (if it was, you must confirm your business complies with additional state aid restrictions under de minimis state aid rules)
  • is engaged in trading or commercial activity in the UK and was established by 1 March 2020
  • is not using the Coronavirus Business Interruption Loan Scheme (CBILS), the Coronavirus Large Business Interruption Loan Scheme (CLBILS) or the Bank of England’s Covid Corporate Financing Facility Scheme (CCFF), unless the Bounce Back Loan will refinance the whole of the CBILS, CLBILS or CCFF facility
  • is not in bankruptcy or liquidation or undergoing debt restructuring at the time it submits its application for finance
  • derives more than 50% of its income from its trading activity (this requirement does not apply to charities or further-education colleges)

What Affinity Associates says

Being an experienced and well-established practice of Chartered Accountants in London for many years, we provide robust advice to our clients as and when requested. BBLS will mostly support all high street business to obtain much needed cash injection during and after the pandemic has made its way out. Many small businesses and Self-employed have already taken benefits from Covid-19 Job Retention Scheme to support their employees, however, they are not able to do much for their own survival. Affinity Associates are committed to assist you in evaluating your needs and apply for maximum possible government support. Call now for consultation on 02089032077 or submit your request in contact us.

Covid – 19 BOUNCE BACK LOAN SCHEME (BBLS)Contact us

Need Accounting and Bookkeeping Services for Your Small Business in London Amid COVID19 Pandemic? Contact Affinity Associates

Need Accounting and Bookkeeping Services for Your Small Business in London Amid COVID19 Pandemic? Contact Affinity Associates

Are you a small business in London who is badly hit by the COVID19 Pandemic? Are you in need of professional advice and affordable accounting services in London amid Coronavirus Pandemic? If so, contact us for initial free consultation and to keep your business’s accounts and books up-to-date and ready to use once the world recovers from the COVID19 pandemic.

We have a team of chartered certified accountants and experienced bookkeepers to help small businesses (any domain any industry) maintain their business finances and make the best use of relief packages announced by the HMRC and the UK Government for small businesses and self-employed across the nation. To learn more, give us a call today at +44 20 8903 2077 or visit our website (https://www.affinityassociates.com) to contact us or to learn more about our small business accounting and bookkeeping services in London, Harrow, and Wembley.

We are Affinity Associates, a London-based accountancy firm that is committed to helping small and medium-sized businesses with highly professional yet affordable accounting and bookkeeping services. We all know that not only the United Kingdom but the entire world is at a war against the novel Coronavirus. Everyone is living in an unprecedented time and with operational regulations constantly changing to control the spread of Coronavirus, and also to keep the citizens safe and protected. Being a small business accounting firm in London, we want to assure all the small businesses across that we are here to support them in this tough time and we are in this together.

As the entire nation is mitigating shutdowns to stop the spread of novel Coronavirus, the small businesses are dealing with disruptions to their supply chain. We want to assure small businesses across the UK, then we are with you along with our dedicated small business accounting and bookkeeping services to tackle this pandemic. We can provide you with resources designed (Bookkeepers and Accountants) to assist small businesses through this difficult time. Small businesses in London can contact us for services like:

  1. Accounting and Bookkeeping Services
  2. Business Advisory Services
  3. Audit and Assurance
  4. Tax Advice

At Affinity Associates, we understand the struggle that small and medium-sized businesses are facing in this difficult time, and as a small business accounting service provider in London, our sole objective is to offer them practical and useful services and information that can in some way improve or support their businesses and their personal lives.

In this tough time of COVID19 pandemic, we are not only offering small business bookkeeping and small business accounting services in London, but we are also helping small, medium-sized businesses in understanding and benefiting from the relief packages announced by the HMRC and the Government of the United Kingdom. If you are a small business, a medium-sized business or a self-employed in the UK, and don’t know what are the relief packages for you and your business then us today. You can also refer to our announcement page (https://www.affinityassociates.com/announcement) or visit our blog section (https://www.affinityassociates.com/blog ) to learn more about relief packages in detail.

You can also contact us to learn more about how those relief packages can be used to benefit your business amid the COVID19 pandemic. To schedule a free consultation, you can call us at +44 20 8903 2077 or email us your queries at info@affinityassociates.com. We will be more than happy to help you in this tough time.

Be Safe and Be Well.