1-2-1 ACCOUNTANTS UK LTD
Chartered Certified Accountants in
1-2-1 Accountants UK Ltd offers: Accountancy, Payroll, Tax, VAT, Management Accounts, Financial analysis, Tax advice, Business Development, Training, and Business & Charity registration, Accounts and Independent Examiners Reports.
Let us help you look after your compliance and help you develop your business.
WHAT WE DO
Accountants, Tax Advisers; Business Development, Payroll, Training & Business Advisory specialists serving Edgware, Hendon, Harrow & Middlesex & can cover more distant clients electronically.
LET US HELP YOU
Let us help you develop your business, and comply with taxation, etc. We are an approachable London firm of Chartered Certified Accountants.
Director Naresh Sethi is a Chartered Certified Accountant & has virtually retired from this Company. Director Rikesh Kumar Patel the active Director & is a Chartered Certified Accountant and tax expert. He is also Director of Elliot, Woolfe & Rose Ltd
CONTACT US FOR ALL YOUR NEEDS
If you are looking for a full comprehensive service ranging from Accountancy, Tax planning, Business Development, Training and general Business & quasi-legal advice, business advice and counselling, then stop here - you do not need to go further - contact us!
AREAS OF PRACTICE
Best Business Advice
Accountancy, Management Accountancy, Financial analysis, payroll, taxation - self-assessment, personal & Company taxation by a qualified and highly experienced Chartered Certified Accountants with many years of experience in Accountancy, finance, management & business.
Payroll service with RTI filing
Accountancy, Tax advise and tax planning by Director/ shareholder Rikesh Patel, ACCA.
Business development by Naresh who taught MBA students and has extensive business experience.
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BUSINESS ACCOUNTING TRAINING
Proper planning and record keeping are keys to help you comply & succeed. Entrepreneurial and business skills can be learnt - we can guide or train you and your staff.
Personal Self-Assessment Tax Returns are due by 31st January
The basic tax rate is 20%, higher rate is 40% and additional higher rate is 45%. Personal allowances have increases to £12,500 for the year 2020/21 & £12,570 for 2021/22.
The 100% Annual Investment Allowance limit (to encourage investment in plant, machinery & equipment) is currently £1million (it was £200,000 in 2018/19).
Second homes / buy to let property stamp duty of 3% is still in place.
Tax free dividend amount is £2000 from April 6th 2018.
Corporation tax rate is 19% for the year beginning 1 April 2021.
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You are in business to succeed. Listed below are some things someone starting or running a business may consider. Where internal skills are lacking external help should be sought and it is not always expensive. Your accountant can be your friend & mentor.
GOOD SKILLS & PLANNING ARE A PRE-REQUISITE TO SUCCESS
Most businesses fail due to:
Lack of business skills - without the appropriate skills you may not be 'PLANNING', 'MONITORING', 'CONTROLLING' or 'MARKETING' your business effectively.
Businesses running out of cash - some basic skills like management accounts or cash-flows can help you avoid this
Not enough research carried out about your proposed business before starting - unless it is a franchise or you are duplicating a known business type or model you should carry out adequate market research and draw up a business plan to ensure your proposed business is going to be viable and profitable. A bad product, a poor location, not enough or appropriate marketing, poor budgeting, etc can lead to failure.
Using a good firm of Accountants can increase your chances of success by a large extent.
QUALITIES OF A GREAT ENTREPRENEUR
MANAGING / RUNNING YOUR BUSINESS
Visualise & actualize; have a mission
Have aims, goals, targets. Do you want to be best? Do you have a documented plan of action - maybe even a full BUSINESS PLAN?
Assess your competitive advantage - is it a unique product or service or skill or way of offering the product or service? Have you apportioned your time effectively for the 4 main roles:
or employed the right staff if your business is large enough?
Time apportionment and delegation are important; do not ignore the Entrepreneur or Manager roles by being the Technician / Worker.
Are you adhering to your MARKETING PLAN OF ACTION effectively? Do you have a Marketing Plan Budget - we can help.
Are you reviewing progress in terms of sales and finances/ cash-flow? Do you have good external expertise like a good Accountant or Solicitor?