• +44 7448 687583
  • info@topaccountant.uk
  • 131 South End Croydon CR0 1BJ UK
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Accounting you can understand

Providing a personal service to help you grow your business

How we help
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Our three objectives

Wealth

We’ll turn your hard work into the financial reward you deserve.

Knowledge

We’re fully qualified experts in our field we will throw the kitchen sink at it if we have to.

Time

We’ll make your time our priority, helping to make a real difference.

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Financial Advisory

We know what you are going through. We’ve spent time in the rat race, we’ve worked for other people, and now we’re on our own path.

As business owners, you know what it’s like to do it your own way. We’ll help you to become the next best business on the block. And when our methods are successful, and you’ve achieved your goals, everyone’s a winner.

Shortlisted as finalists

We’re really proud to be shortlisted as finalists for the prestigious Contracting Awards within the first two years of our incorporation. The business has been set up with the ambition to showcase our background and expertise in contractor accounting so for it to be recognised so early on, means the world. We look forward to continuing to serve contractors across the UK!

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What We Do?

We provide expert accounting and financial consultancy services tailored to your business needs. From bookkeeping and payroll to VAT services, statutory & management accounts, and company secretarial support, we ensure your finances are in order. Whether you need financial planning or self-assessment assistance, our team delivers reliable and efficient solutions to help you stay compliant and financially secure.

 

Tax Advice

Professional tax guidance to minimise liabilities, ensure compliance, and maximise available reliefs for individuals and businesses.

Bookkeeping

Accurate and organised financial records to keep your business compliant and informed.

Payroll Services

Reliable payroll management with timely payments and full HMRC compliance.

Self-Assessment Filing

Accurate tax return preparation and submission, ensuring compliance and maximum allowances.

Financial Planning

Strategic financial guidance to support growth, stability, and smart decision-making.

Statutory & Management Accounts

Clear statutory accounts and detailed reports to monitor and improve business performance.

Company Secretarial

Efficient handling of Companies House filings and statutory compliance requirements.

VAT Services

Complete VAT registration, return filing, and compliance support with accuracy and efficiency.

Our Successful projects

At Top Accountants Ltd., we take pride in delivering accurate, efficient, and compliant accounting and taxation solutions. Our successful projects reflect our commitment to financial transparency, tax optimization, and business growth. From streamlining accounting processes to ensuring regulatory compliance and maximizing tax efficiency, we have helped businesses across industries achieve their financial goals.

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Bookkeeping

Bookkeeping services for multi-industry clients

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Payroll processing

Payroll management services

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Statutory accounts

Statutory accounts preparation

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Self assessment

Self assessment tax return management

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VAT return

VAT return preparation and submissions

Testimonials

What Our Clients Say?

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Amanda Lee
CEO & Founder Crix
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Adam Cheise
Director at Dynamic
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Adam Cheise
Director at Dynamic

Frequently Asked Questions

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This can incorporate accounting fees/legal fees/other external contractor fees. These are all allowable if they are for business purposes.

 

These are all allowable expenses for the business.

 

If this is claimed as a company cost, HMRC classes this as a benefit in kind. It is then taxable and will appear on the P11d. This policy includes personal trainers.

 

Capital allowances can be claimed when disposing of fixed assets. Profit and loss can be used mainly when an asset is disposed of, i.e. passed from the business to someone else. If the value of the asset is greater than the value held in the company’s books at that time then this is the “profit on disposal”.

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Client entertainment is not an allowable expense. Examples of expenses that are considered to be business entertainment and therefore not allowable; food and drink, sporting or concert tickets, nightclubs, etc. Additionally, use of capital assets such as yachts or speedboats for entertaining.

 

Invoices raised in good faith can be written off if it transpires that the customer can’t or won’t pay. The VAT on the bad debt can then be reclaimed only after 6 months after the invoice date. A provision for bad debt can be made in the company year end accounts. This policy is not to be mistaken for raising a credit note. Credit notes are raised for a number of reasons but mainly because the original invoice is incorrect, not because the debt has gone bad. For more information please get in touch.

TRAVEL SPECIFICS

AIR TRAVEL DIRECT COSTS
The cost of air tickets and air travel paid directly by the company. HMRC may consider that this area is open to abuse so they could ask for documentary proof of the journey and that it was for business purposes.

AIR TRAVEL REIMBURSED EXPENSES
Costs of air tickets and air travel reimbursed by the company to the employee. HMRC may consider that this area is open to abuse so they could ask for documentary proof of the journey and that it was for business purposes.

CAR PARKING
The cost of parking is an allowed expense.

CONGESTION CHARGE AND TOLLS
Congestion charge and tolls are an allowed expense.

FIXED RATE MILEAGE
Business mileage can be claimed:- * 45 pence per mile up to the first 10,000 miles
* 25 pence per mile for any miles thereafter

All mileage should be supported by fuel receipts if required. You should log the expense claim for mileage making it clear that the trip was for business purposes and include the date and destination of the journey.20p per mile can be claimed for journeys made on an employee’s own cycle.

RAIL TRAVEL DIRECT COSTS
The cost of rail tickets and rail travel paid directly by the company. HMRC may consider that this area is open to abuse so they could ask for documentary proof of the journey and that it was for business purposes. Receipts should be kept where possible but if not available then keep the train ticket.

RAIL TRAVEL REIMBURSED EXPENSES
Costs of rail tickets and rail travel reimbursed by the company to the employee. HMRC may consider that this area is open to abuse so they could ask for documentary proof of the journey and that it was for business purposes. Receipts should be kept where possible but if not available then keep the train ticket.

TAXI
To be able to claim this for travel back to (trading office) then the following conditions apply
a) The director or their staff will be required to work late one night
b) This is also not a regular event or requirement
c) Should be restricted to no more than 60 journeys per annum per director/employee
d) Public transport should not be available as an alternative
e) It must be a hired taxi You should avoid regular journeys and, in the event you make significant claims, you may be required to prove that public transport links were poor or not available on the days when the taxi fare was claimed.

OTHER TRAVEL CLAIMS
It is allowable for a company to pay for a weekend away for a director or an employee as long as the weekend event is related to the business. In the event the client is to travel overseas then this is also 100% allowable as long as this is primarily for business purposes. In the event this is a longer trip, HMRC will be looking for you to distinguish between the business and personal proportions of the expenses incurred. For example: Should you have business meetings on Friday and Monday, you would not be expected to return home and you can claim the full cost of staying at a local hotel. If you incur personal expenses on Saturday and Sunday over and above the cost of the stay, e.g. visiting a local attraction, then this should not be claimed. To claim the cost of spouse or partner attending, they must be an employee of the business otherwise their costs will have to be removed from the claim.

OUR POLICY 

For courses to be an allowable expense then the course must satisfy the following criteria:-
* Must be related to the profession or industry
* There must be a short, medium or long-term benefit to your business of the training
* The company must pay directly from the business bank account to avoid any P11d benefit
* A board minute is required

Should HMRC check, then they will look for the relevance of the course. If they feel that the course or the training isn’t appropriate for the profession or business then they may query the expense and not allow it. HMRC will also expect that courses aimed at developing the skills of an employee or employees will in the longer term have a positive impact on the companies’ profitability. It would, therefore, be assumed that future revenue streams are impacted positively to cover the cost of the training.

HMRC VIEW 
The main test against which HMRC are going to apply when looking at training costs:-Is the expense “Wholly and exclusively for the purposes of the trade”. It’s the test that must be passed if you’re to successfully claim expenses against tax bill.

OTHER THINGS TO CONSIDER: Materiality must also be borne in mind. For example, a course costing £10K based in Sydney, Australia on Excel skills would be deemed inappropriate by HMRC in our opinion. Language courses are allowable should the clients business benefit, for example, if a future contract is in another country. CPD is often a requirement of a profession and is therefore allowable, again within reasonable limits. If the CPD is necessary for the client to fulfil the existing contract then we consider this to be an allowable training cost.

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