WELCOME TO

1-2-1 ACCOUNTANTS UK LTD

Chartered Certified Accountants in

Edgware, Middlesex

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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.

About us
acca-logo-white.png
 

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 Rikesh Kumar Patel the active Director & is a Chartered Certified Accountant and tax expert. He is also Director of Elliot, Woolfe & Rose Ltd 

www.ewr.co.uk.

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!

Contact us
 
 

AREAS OF PRACTICE

  • Accountancy

  • Tax

  • Tax planning

  • Great Payroll

  • Best Business Advice

  • Business Development

  • Business plans 

  • Training/mentoring

  • Marketing Plans

  • Management Accounts

  • Financial Analysis

  • Investment appraisal

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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.

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Payroll service with RTI filing

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Accountancy, Tax advise and tax planning by Director/ shareholder Rikesh Patel, ACCA.

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Our Services

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



Tax updates:

  1. 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.

  2. The 100% Annual Investment Allowance limit (to encourage investment in plant, machinery & equipment) is currently £1million (it was £200,000 in 2018/19).

  3. Second homes / buy to let property stamp duty of 3% is still in place.

  4. Tax free dividend amount is £2000 from April 6th 2018.

  5. Corporation tax rate is 19% for the year beginning 1 April 2021.

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HMRC
 
 

ENTREPENEURS

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:​

  1. Lack of business skills - without the appropriate skills you may not be 'PLANNING', 'MONITORING', 'CONTROLLING' or 'MARKETING' your business effectively.​

  2. Businesses running out of cash - some basic skills like management accounts or cash-flows  can help you avoid this​

  3. 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.

  4. Using a good firm of Accountants can increase your chances of success by a large extent.

QUALITIES OF A GREAT ENTREPRENEUR

  • Skillful​

  • Persistent​

  • Decisive​

  • Leader​

  • Visionary​

  • Management skills​

  • Financial skills​

  • Planner​

  • Organiser​

  • Doer

  • Marketeer

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?​

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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: ​

  • ENTREPRENEUR

  • MANAGER

  • TECHNICIAN/WORKER

  • SALES

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?

 
 
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LIMITED COMPANY / SOLE-TRADER / PARTNERSHIP - ADVANTAGES & DISADVANTAGES

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