Accountants you can talk to
Tax planning and business advisoryAccountsTax returnsBookkeeping
Our aim at Thompson Elphick is to first understand your needs and then provide you with a one-stop solution which encompasses advice to ensure you are as tax efficient as possible, retaining more resources for business growth. We will provide the compliance services to ensure that you are minimising your time dealing with business administration and able to spend more time growing your business.
Tax & Business Planning
Accounts & Tax Returns
Bookkeeping
Other Services
How we achieve this
We do this by offering an initial free meeting to get to know you and your business and then tailoring our services accordingly. Our goal is that you always think of us first when you encounter any issues.
We specialise in assisting small and medium sized owner managed businesses to navigate the complex business environment in which we all operate, to help you make the most of the resources available to you and hopefully take some pressure off you!
Our expanding team is always here to help, so even if your main point of contact is not in the office to help you someone else is here to pick up the slack.
Our services
Tax planning and business advisory
Complex business tax environment in which we find ourselves today. They can ensure that you are claiming all relevant reliefs and allowances were possible and have a tax efficient structure that suits your needs and plans.
Our goal is to ensure that you retain as much of your hard-earned money as possible to enable the future growth and the health of your business.
Our areas of expertise is particularly in the small and medium sized business sectors covering personal, company and capital gains taxes.
Accounts and tax returns
Compliance work is a necessary evil in the world we live in with many penalties in place for missing deadlines.
Whether you are a sole trader, partnership or limited company, we provide an efficient, good value, hands-on service to ensure you are always kept up to date with the relevant authorities.
Bookkeeping
We have a great team of bookkeepers that can assist you in keeping your records up to date as often as you need, remaining in line with the VAT rules of today (Making Tax Digital for VAT) and ensuring deadlines are met.
All our bookkeeping staff are Xero certified although we do not insist that our clients use Xero. We are happy to assist clients with all other major packages such as Sage and QuickBooks, the list is extensive.
We are happy to provide these services at your premises or in-house which ever you prefer.
In April 2026, the Making Tax Digital for Income Tax and Self-Assessment rules will be implemented by HMRC. We can assist you in preparing for these from today.
Other Services:
Payroll and CIS
Company Secretarial – annual confirmation statements, resolutions, minutes, etc
Audit – although our practice does not perform audits directly, we do work closely with an audit only firm in order that our clients still have access to a good reliable service
Inheritance Tax and Estate Planning – we can provide the planning aspect of this service but where wills and trusts are required we bring in trusted partners to do this work with us
Fee Protection – this is available on a client by client basis to assist with the costs of any HMRC enquiries that you or your business may have to deal with from time to time
Additional benefits of being a Thompson Elphick client
- Free standard membership to the CH4B platform
- Free use of our office address as a registered office and service address if you are a limited company or LLP
- Online portal where you can access your important documents any time of the day
Meet the team
Thompson Elphick News
Claiming professional fees and subscriptions
Did you know you may be eligible for tax relief on professional fees and subscriptions? If your membership is required for your job and the organisation is HMRC-approved, you could claim back tax for
Rental business mortgage relief
Since April 2020, landlords can no longer deduct mortgage interest as an expense. Instead, tax relief is capped at 20%. This change affects UK and non-UK resident landlords, trustees, and partnerships
VAT if you sell your business
When selling a business, the Transfer of a Business as a Going Concern (TOGC) rules can allow the transaction to be VAT-free if key conditions are met. This prevents unnecessary VAT charges and
Records you must keep if self-employed
If you are self-employed as a sole trader or a partner in a business partnership, you are required to maintain suitable business records as well as separate personal income records for tax
Tax liability if you sell a business asset
When selling assets on which capital allowances were claimed, you may need to adjust your taxable profits with a balancing charge or allowance. Understanding these rules ensures you don’t face
Requesting evidence of earnings
If you're self-employed, lenders may require an SA302 and tax year overview as proof of earnings for mortgages or loans. These documents verify income declared on your self-assessment tax return and
Useful Links
Click a link below to find out more
For further information please contact Thompson Elphick
Thompson Elphick
The Corner House
2 High Street
Aylesford ME20 7BG
T : 01622 790052
E : [email protected]
Opening hours
Monday – Friday: 9am – 5pm
If we are unavailable please leave a message and we will get back to you as soon as possible.
