Q: I'm a Deptford maker or craftsperson selling online and at markets. Do I need to register?

If your gross trading income exceeds £1,000 in a tax year, yes, register for self-assessment. If you've been trading above that without registering, we can make a voluntary disclosure to HMRC to keep things clean (usually with lower penalties than if they catch it first). We register you, capture your expenses, and set up simple bookkeeping.

Q: I trade at Deptford Market. Self-assessment registration?

Yes, if your gross sales exceed £1,000 in a tax year. We register you and file your return, capturing takings, stall fees, stock and transport costs. If you're approaching the VAT threshold we advise on registration and the best scheme for your goods (including the Margin Scheme for second-hand items).

Q: Should my Deptford business be a Ltd company?

At profits above £40,000-£50,000 a Ltd company typically saves £2,500-£5,000+ a year through salary-plus-dividend structuring, plus limited liability. Below £30,000 the saving rarely justifies the extra admin. We'll model both with your numbers.

Question 1

I'm a Deptford maker or craftsperson selling online and at markets. Do I need to register?

Accepted Answer

If your gross trading income exceeds &pound;1,000 in a tax year, yes, register for self-assessment. If you've been trading above that without registering, we can make a voluntary disclosure to HMRC to keep things clean (usually with lower penalties than if they catch it first). We register you, capture your expenses, and set up simple bookkeeping.

Question 2

What can I claim as a Deptford maker or studio business?

Accepted Answer

Studio rent, materials, tools and equipment (with capital allowances on larger items), market stall and online selling fees, packaging and delivery, a proportion of home costs if you work partly from home, travel, marketing, professional subscriptions and accountancy. We capture everything to keep your tax bill down.

Question 3

I trade at Deptford Market. Self-assessment registration?

Accepted Answer

Yes, if your gross sales exceed &pound;1,000 in a tax year. We register you and file your return, capturing takings, stall fees, stock and transport costs. If you're approaching the VAT threshold we advise on registration and the best scheme for your goods (including the Margin Scheme for second-hand items).

Question 4

I run a Deptford Vietnamese restaurant or food business. How does VAT work?

Accepted Answer

Eat-in food and hot takeaway are standard-rated at 20%; cold takeaway food consumed away from the premises is zero-rated. We review your menu, set up your till categorisation to capture the split, and handle VAT registration and returns once you reach the &pound;90,000 threshold.

Question 5

I'm a Deptford CIS subcontractor. Am I owed a refund?

Accepted Answer

Almost certainly, if you've had 20% deducted and haven't claimed it back. After your &pound;12,570 allowance and legitimate expenses, the actual tax due is usually far less. Full-year refunds are typically &pound;2,000-&pound;6,000. We'll maximise yours.

Question 6

Should my Deptford business be a Ltd company?

Accepted Answer

At profits above &pound;40,000-&pound;50,000 a Ltd company typically saves &pound;2,500-&pound;5,000+ a year through salary-plus-dividend structuring, plus limited liability. Below &pound;30,000 the saving rarely justifies the extra admin. We'll model both with your numbers.

Question 7

I'm a Deptford landlord near the Creek regeneration. Tax considerations?

Accepted Answer

Deptford's regeneration is pushing up values, increasing potential CGT on disposal. We handle your landlord self-assessment with Section 24-adjusted mortgage interest, claim all allowable costs, and advise on disposal planning and whether a company structure helps.

Question 8

How do I get started?

Accepted Answer

Book a free 15-minute call via Calendly, or call our office on 020 8050 4564 or mobile 07478 645331. We work with Deptford clients fully online and we're experienced with makers, creatives, the market and the diverse SE8 business community.

Accountant in Deptford for Small Businesses

Tax & Accounting for Deptford Businesses

Full-Range Tax & Accounting for Deptford

Self-Assessment Accountant

CIS Accountant & Tax Refunds

Limited Company Accountant

Landlord Accountant

VAT Returns & Bookkeeping

Payroll Services

Professional. Personal. Always Available.

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