What are the opening hours?

Monday 9am - 5:30pm Tuesday 9am - 5:30pm Wednesday 9am - 5:30pm Thursday 9am - 5:30pm Friday 9am - 5:30pm Saturday 10am - 2pm

Firmin & Associates Ltd

Home
United Kingdom
Northfleet
Firmin & Associates Ltd

Chartered Certified Accountants
• Jargon Free Accounting & Tax Service
• Affordable Fixed Fees
☎ We will respond to all enquiries within 48hrs

31/01/2024

⚠️𝗧𝗢𝗗𝗔𝗬 𝗶𝘀 𝘁𝗵𝗲 𝗱𝗲𝗮𝗱𝗹𝗶𝗻𝗲 𝗳𝗼𝗿 𝗳𝗶𝗹𝗶𝗻𝗴 𝘆𝗼𝘂𝗿 𝘀𝗲𝗹𝗳-𝗮𝘀𝘀𝗲𝘀𝘀𝗺𝗲𝗻𝘁 & 𝗶𝗻𝗰𝗼𝗺𝗲 𝘁𝗮𝘅 𝗽𝗮𝘆𝗺𝗲𝗻𝘁 𝗳𝗼𝗿 𝘁𝗮𝘅 𝘆𝗲𝗮𝗿 𝟮𝟬𝟮𝟮/𝟮𝟯 ⚠️

Filing your self-assessment late may result in penalty charges🚨

30/01/2024

𝗙𝗔𝗤: 𝗖𝗮𝗻 𝗜 𝗰𝗵𝗮𝗿𝗴𝗲 𝗺𝘆 𝗰𝗹𝗶𝗲𝗻𝘁 𝗺𝘆 𝗽𝗮𝘆𝗺𝗲𝗻𝘁 𝗽𝗿𝗼𝗰𝗲𝘀𝘀𝗶𝗻𝗴 𝗳𝗲𝗲? 🤔

No, it is illegal to pass on your processing fee.

But you could think about increasing the price of your goods or services to ensure you cover your overheads and hit your target profit!

Don’t forget to share this post with any of your friends who are business owners or add to your stories!

19/01/2024

𝗛𝗲𝗿𝗲 𝗮𝗿𝗲 𝟱 𝗲𝘅𝗮𝗺𝗽𝗹𝗲𝘀 𝗼𝗳 𝘄𝗵𝗮𝘁 𝘁𝗼 𝗱𝗼 𝘄𝗶𝘁𝗵 𝘀𝘂𝗿𝗽𝗹𝘂𝘀 𝗰𝗮𝘀𝗵 𝗶𝗻 𝘆𝗼𝘂𝗿 𝗰𝗼𝗺𝗽𝗮𝗻𝘆! 💸

Every business needs a certain amount of funds to keep it running smoothly. This amount will fluctuate as the business moves through its operating cycle.

If you have excess cash within your business, here are some examples of what you can do with it;

🔹 𝗟𝗲𝗮𝘃𝗲 𝗶𝘁 𝗶𝗻 𝘁𝗵𝗲 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 – If you are leaving money in your business, make sure you get some returns for it! Think about having a savings account; this can give you a higher interest rate than a current account.

🔹 𝗖𝗵𝗮𝗿𝗶𝘁𝗮𝗯𝗹𝗲 𝗱𝗼𝗻𝗮𝘁𝗶𝗼𝗻𝘀 – giving charitable donations can make a difference to the causes you choose to support. As a bonus, you may get tax relief on these contributions.

🔹 𝗘𝘅𝗽𝗮𝗻𝗱 𝘁𝗵𝗲 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 – Use your surplus cash to invest in expanding your business! This can include investing in a bigger capacity in what the company already does or diversifying into something different—for example, taking a course that will allow your business to expand in a new direction.

🔹 𝗣𝗮𝘆𝗶𝗻𝗴 𝗼𝗳𝗳 𝗹𝗼𝗮𝗻𝘀 –You should consider paying off any business loans. However, do not forget to take into account the interest rate you are being charged and any ‘early-redemption penalties’

🔹 𝗠𝗮𝗸𝗲 𝗮𝗱𝗱𝗶𝘁𝗶𝗼𝗻𝗮𝗹 𝗰𝗼𝗻𝘁𝗿𝗶𝗯𝘂𝘁𝗶𝗼𝗻𝘀 𝗶𝗻𝘁𝗼 𝘆𝗼𝘂𝗿 𝗽𝗲𝗻𝘀𝗶𝗼𝗻 𝗳𝘂𝗻𝗱 – As the owner of your company, topping up your director’s pension fund will provide long term benefits for you and may be tax-deductible for the business!

Don’t forget to turn on our notifications so you don’t miss more of our tips! 🔔

18/01/2024

𝗪𝗵𝗮𝘁 𝗶𝘀 𝗮 𝗽𝗮𝘆𝗺𝗲𝗻𝘁 𝗼𝗻 𝗮𝗰𝗰𝗼𝘂𝗻𝘁, 𝗮𝗻𝗱 𝘄𝗵𝗼 𝗵𝗮𝘀 𝘁𝗼 𝗽𝗮𝘆 𝗶𝘁? 💭

A payment on account is an advanced payment towards your next years tax bill. HMRC requires you to pay 50% of your last year's tax bill on 31st January and another 50% of the 31st July.

𝗪𝗵𝗼 𝗵𝗮𝘀 𝘁𝗼 𝗽𝗮𝘆 𝗮 𝗽𝗮𝘆𝗺𝗲𝗻𝘁 𝗼𝗻 𝗮𝗰𝗰𝗼𝘂𝗻𝘁?

🔹 If your tax bill was over £1,000 on your last tax return
🔹 If less than 80% of your income gets taxed through PAYE

If you have any questions about this, or are unsure if this is something you need to please feel free to message us 📩

09/01/2024

Deadline Reminder⚠️

31st January 2024 is the deadline for filing Self Assessment Tax Returns for tax year ending 5th April 2023.

If you don't think you have enough to pay your tax bill at the end of this month make sure you check out our last post!

It's time to get those finances in check! 💼💸

31/12/2023

Wishing all of our followers a happy, healthy & successful 2024 🥂🎆

From Firmin & Associates 💙

28/12/2023

It's that time of year again! 🙈

Share a 🐷 in the comments if you're feeling like the pig in blanket right now 😂

22/12/2023

𝟐𝟎𝟐𝟑 𝐎𝐯𝐞𝐫 & 𝐎𝐮𝐭 ✨🥂

That's a wrap for 2023!! We are off to get the last of our Christmas shopping (wish us luck!!) & enjoy some well-earned family time.

We hope all of you have a wonderful Christmas indulging and enjoying yourselves! Our Instagram/Facebook inbox will not be monitored so if you have any urgent enquiries then please email us at [email protected] and someone will respond as soon as possible.

See you in 2024!

Firmin & Associates 💙

21/12/2023

With 4 sleeps till Christmas and one more day till the weekend 😲🎄🎅 We are talking about our favourite Christmas songs in the office today!!

What's your favourite Christmas song to get you in the festive mood?! Share with us in the comments.

The winner at Firmin & Associates this year is Wham! 'Last Christmas' 🎶💙🎉

19/12/2023

𝗦𝗲𝗹𝗳 𝗘𝗺𝗽𝗹𝗼𝘆𝗲𝗱 𝗠𝗮𝘁𝗲𝗿𝗻𝗶𝘁𝘆 𝗣𝗮𝘆🤰🍼

If you are self-employed and expecting a child in 2024, you may be entitled to 𝗠𝗮𝘁𝗲𝗿𝗻𝗶𝘁𝘆 𝗔𝗹𝗹𝗼𝘄𝗮𝗻𝗰𝗲.

Sole traders can claim Maternity Allowance, a payment from the government when they take time off from work to have a child.

You can apply to claim maternity allowance 14 weeks before the week your baby is due by completing an MA1 form. This form can be found on the GOV.UK website.

If you’ve paid insufficient Class 2 NI or have been registered as self-employed for less than 27 weeks, you may still be entitled to the reduced rate of maternity pay of £27PW.

Tag a self-employed mum-to-be in the comments! ✨👶

Address

Springhead Road
Northfleet
DA118HJ

Opening Hours

Monday	9am - 5:30pm
Tuesday	9am - 5:30pm
Wednesday	9am - 5:30pm
Thursday	9am - 5:30pm
Friday	9am - 5:30pm
Saturday	10am - 2pm

Telephone

+442082438824

Website

https://calendly.com/firminassociates/become-a-client

Alerts

Be the first to know and let us send you an email when Firmin & Associates Ltd posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Firmin & Associates Ltd:

Want your business to be the top-listed accountant in Northfleet?