Chartered Certified Accountants in Wallington, Croydon, London, Surrey, Purley, & Sutton

We are traditional accountants with experience, knowledge and a service that you can trust

Based in Wallington, Surrey we have been helping clients since 1994 and honed our accountancy service and specialisation in delivering first class service with accounts, tax and tax planning and business advice.

Who are our clients?

They range from individuals including landlords with single or multiple properties across London requiring assistance with accountancy, tax and tax planning to owner managed businesses in a variety of activities seeking clear, expert advice and high personal service. Our clients are based all across Central and Southern London including Sutton, Surrey, Croydon and Purley.

Whatever your needs, we are here to help

We are a reliable, approachable, proactive firm of accountants who will do more than just respond to your needs but work alongside you.

Quality Assurance

Quality advice and service have been the ethos of our business since we were established. You can be assured that you will receive excellent accountancy advice and first class service whether you are business or a personal client.

Our approach to accountancy is simple, we listen to clients

At AS Partnership Chartered Certified Accountants trust, partnership and combined vision are just some of the qualities we are proud to share with our clients. Based in Wallington, Surrey we serve those in Croydon, Purley, Sutton Surrey and the surrounding areas. In addition, we also have access to meeting facilities in Central London. We work with local businesses and individuals to provide them with the very best financial advice and accountancy services.

Please read more about our services, and learn more about us to help you make an informed decision before you contact us.


Services Individuals & businesses

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Whatever your needs, whether you are a business or an individual seeking financial advice we are here to help.

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Resources Tools at your fingertips

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Access to useful resources including: calculators and market data together with access to HMRC and Companies House forms.

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Have we convinced you yet?

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Please feel free to get in touch with us via phone, email or our quick online contact form.

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The current hot topic

Basis period reform

The draft legislation for the next Finance Bill process has been released and includes a proposal to move basis period rules from a current year to a tax year basis.

The transition would take place from 2022/23 and the changes would come into effect from 2023/24, which is when the proposed introduction of Making Tax Digital for income tax self assessment (MTD for ITSA) will also take place. The effect would be that a business's profit or loss for a tax year would be the profit or loss that occurs in the actual tax year itself, regardless of its accounting date.

HMRC consults

In a consultation published alongside draft legislation, HMRC outlines the current rules for basis periods, sets out a specific proposal to simplify them and suggests transitional rules for moving to the new system. The proposal would affect the self-employed, partnerships, trusts and estates with trading income. Unincorporated businesses that do not draw up annual accounts to 31 March or 5 April and those that are in the early years of trade would also be affected.

The consultation seeks views on the detailed policy and questions which businesses are likely to be most affected by the proposal. The consultation also outlines what benefits it is likely to bring and how best to minimise the downsides.

The full consultation can be found at Basis Period Reform - Consultation (www.gov.uk)

No genuine simplification

However, the Tax Faculty at the Institute of Chartered Accountants in England and Wales (ICAEW) argues that implementing such changes ahead of the introduction of MTD for ITSA would ‘not provide any genuine simplification to the UK’s tax system’.

Instead, it says such reforms would be likely to increase costs, complexity and uncertainty for those businesses affected. It could also damage the UK’s attractiveness as a place for the location of international service firms, the ICAEW added.

The ICAEW highlights that those businesses not following the tax year are likely to have very good reasons for doing so, including aligning with 31 December, which is the international standard for tax year end.

The response also stresses the considerable difficulties that the proposed change would pose for seasonal businesses, agricultural firms and GP practices.

Not the time

The ICAEW concludes: ‘As the UK recovers from the pandemic, the one thing businesses need most of all is a period of certainty and stability. This is not the time to make this change and we urge the government to drop the proposal.’

Be prepared

A move in the basis period rules from a current year to a tax year basis could prove to be complex for businesses. Please contact us for advice on these proposals.