Accountant in New Malden KT3 | Your Tax Help Accountants

Accountant in New Malden

Tax & Accounting for New Malden Businesses

New Malden KT3 is a settled suburb straddling Kingston, Merton and Sutton, internationally known for having the largest Korean community in Europe — the High Street and surrounding streets are lined with Korean restaurants, supermarkets, bakeries and professional services. Alongside this distinctive community, New Malden has a strong professional and family population drawn by the schools and fast Waterloo line, and a steady landlord market built around its inter-war housing.

That gives New Malden a particular accounting profile. The Korean restaurants, supermarkets and family businesses need hospitality and retail bookkeeping with the right VAT treatment and often multi-generational family structures. Professionals and commuters need self-assessment. Contractors need Ltd company structures. And the landlord market needs Section 24 planning. Your Tax Help Accountants, HMRC-registered, serves New Malden clients online with fixed monthly fees.

💡 As an HMRC-registered agent we deal directly with HMRC on your behalf, so you never have to spend hours on hold or navigate their website yourself.

What We Do

Full-Range Tax & Accounting for New Malden

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Self-Assessment Tax Returns

Full SA100 for self-employed, landlords and individuals. Filed direct to HMRC, same day if urgent.

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CIS Compliance

Complete CIS for contractors and subcontractors. Monthly returns, deduction statements, refund claims.

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Limited Company Accounts

Year-end statutory accounts, Corporation Tax returns, and director self-assessment. All filed on time.

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Landlord Tax Advice

Rental income reporting, capital gains planning, Making Tax Digital, and allowable expense guidance.

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VAT Returns

MTD-compliant VAT submissions and ongoing bookkeeping to keep records clean and cash flow transparent.

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Payroll Services

Monthly payroll processing, RTI submissions to HMRC, and auto-enrolment pension administration.

Client Story

How we restructured a New Malden Korean restaurant for £9,200 saving

Client K runs a popular Korean restaurant on the New Malden High Street trading as a Ltd company, with several family members working in the business — kitchen, front of house and management — but the structure hadn't been reviewed in years. The director remuneration was inefficient, the VAT treatment of eat-in versus takeaway wasn't optimised, and tips weren't structured through a tronc.

We reviewed and restructured. We set the directors' salaries at the NIC-optimal level with dividends split across the family shareholders to use their allowances and bands, reviewed the VAT (eat-in and hot takeaway standard-rated, packaged Korean groceries zero-rated), set up a proper tronc for the waiting staff's tips, and claimed the Employment Allowance against employer NIC on the kitchen and waiting staff.

Total outcome: annual tax saving of £9,200 across the family through proper remuneration structuring, dividend splitting, tronc and Employment Allowance, with tips correctly handled and a cleaner monthly process.

Common Questions

Frequently Asked Questions

I run a New Malden Korean restaurant. What accountancy do I need?

Hospitality bookkeeping with daily sales reconciliation, the right VAT treatment (eat-in and hot takeaway standard-rated, packaged groceries zero-rated), tronc for tips, payroll for kitchen and waiting staff, supplier management, and annual accounts and Corporation Tax. We set it up to give you proper visibility of profitability and handle the family-business structure efficiently.

I run a New Malden Korean supermarket or grocery. How does VAT work?

Most unprocessed food and groceries are zero-rated; standard-rated items include confectionery, hot food, soft drinks, alcohol and household goods. We review your range against HMRC's categorisation, set up your till to capture the right rates, and handle registration and returns once you reach the threshold.

My New Malden business is family-run with several members involved. How do we structure it?

Family members doing genuine work should be paid market rates through PAYE and can be shareholders reflecting their involvement. Dividends then use multiple personal allowances and basic-rate bands. The Settlements Legislation only catches artificial income-shifting — genuine family employment and ownership is legal and tax-efficient. We'll structure and document it, and advise on succession.

My New Malden restaurant uses tronc for tips. How does it work?

The tronc must be run by an independent tronc master through a separate payroll. Tronc payments are subject to income tax but exempt from employer and employee NIC. The Tipping Act (October 2024) requires 100% of tips reach staff. We'll structure it properly.

Should my New Malden 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 and easier family involvement. Below £30,000 the saving rarely justifies the extra admin. We'll model both with your numbers.

I'm a New Malden contractor or professional. IR35 / self-assessment?

For contractors, IR35 depends on the client and working practices — we review and document the position. For other professionals, we handle self-assessment combining PAYE with any extra income, and advise on a Ltd company structure where the income justifies it.

I'm a New Malden landlord. What can I claim against rental income?

Repairs and maintenance, letting agent fees, landlord insurance, ground rent and service charges if leasehold, gas and electrical safety certification, mortgage interest (with the Section 24 restriction), and Replacement of Domestic Items relief on furniture. We capture everything and file your self-assessment.

How do I get started?

Book a free 15-minute call via Calendly, or call our office on 020 8050 4564 or mobile 07478 645331. We work with New Malden clients fully online and we're experienced with the Korean restaurant and retail community and family-business structures in KT3.

Accountant in New Malden for Small Businesses