Nordens News

We've always got our ears to the ground when it comes to interesting, useful and topical information relating to business and accountancy

Frequently Asked Questions Regarding Self Employed Income Support Scheme
On 26 March 2020, the Chancellor announced that the Government would provide support to self-employed workers in the form of a cash grant of 80% of their profits, up to £2,500 per month. This is known as the Coronavirus (COVID-19) Self-employment Income Support Scheme (SEISS). Here are some of the most frequently asked questions (FAQ's) regarding this:   What is meant by ‘total income’ and ‘trading profits’ for the purposes of the SEISS? HMRC’s guidance explains how to work out…
Furlough At Our Cost And Update From HMRC
Our plan is to help as many businesses through this period as possible so that they come out of the other side thriving. We are aware that other companies are charging. As long as the process is, our investment to our clients is that we will be furloughing any of our clients staff at OUR cost so not one of our clients will receive an additional expense for Furloughing during this time. You needn’t worry about another expense during this…
The FCA Confirms Temporary Financial Aid
The Financial Conduct Authority (FCA) has confirmed a package of temporary measures to provide financial relief with some of the most commonly used consumer credit products, and support consumers in other parts of the credit market in the future, including in the motor finance sector next week The measures put in place are designed to provide people affected with payment difficulties with short-term financial support through during the coronavirus pandemic, including; credit cards, loans and overdrafts, and those facing temporary financial difficulties…
Emergency Business Loan Scheme Revamped
The emergency loans scheme for businesses IS struggling to survive amid the coronavirus pandemic has been revamped following strong criticism. The Treasury said it had received more than 130,000 loan enquires from firms but fewer than 1,000 had been approved.   Chancellor Rishi Sunak will speak to the banks, which have been are accused of taking advantage of the crisis. The changes to the scheme would make it easier for firms to access loans. Previously, government-backed loans for small businesses…
Job Retention Scheme AKA Furlough
The Coronavirus Job Retention Scheme is a temporary scheme open to all UK employers. It is designed to support employers whose operations have been severely affected by coronavirus (COVID-19). Employers can use a portal to claim for 80% of furloughed employees’ (employees on a leave of absence) usual monthly wage costs, up to £2,500 a month, plus the associated Employer National Insurance contributions and minimum automatic enrolment employer pension contributions on that wage. Employers can use this scheme anytime during…
Latest – Coronavirus Business Interruption Loan Scheme
A quick update from our last article... More information is coming out daily regarding the Coronavirus Business Interruption Loan Scheme (CBILS) offering by different banks, although banks are not yet processing these loans to get 'cash out of the door' yet. CIBLS are currently the loan of last resort, as the banks will offer mainstream lending first if they can. The banks are speaking to their individual customers and tailoring a normal bank offering first, e.g. overdraft, loan or invoice discounting…
Self Assessment Tax Payments 2019/20 – COVID-19
As we are sure you all know by now, your second payment on account for 2019/20 which is normally due for payment on 31 July 2020 can be (optionally!) deferred until 31 January 2021. This applies to ALL taxpayers not just the self-employed. It is also worth mentioning that the deferral is automatic, so there is no need to make an application or make HMRC aware of this. HMRC have confirmed there will be no interest and penalties charged providing…
COVID-19 Updates To Help You And Your Business
Here is a quick update on what measures the government has announced to support people, jobs and businesses in this current climate. For the first time in our history, the government is going to step in and help to pay people’s wages. A brand-new Coronavirus Job Retention Scheme has been introduced with the hopes of saving many jobs by paying staff even if the company does not have the means to. Government grants will cover 80% of the salary of…
Good news for contractors as new IR35 rules delayed!
Good news for contractors as new IR35 rules delayed! In an attempt to alleviate pressure on businesses and individuals amid the Covid-19 fallout, it was announced last night that the IR35 tax reforms would be pushed back by one year, less than a week after the controversial measures were confirmed in the Budget.   For many, the IR35 delay is a ray of light in the current crisis. The changes would have led to self- employed individuals operating through a…
Coronavirus Business Interruption Loan Scheme
Some of you may have heard of something called the ‘Coronavirus Business Interruption Loan Scheme’ (CBILS). It was announced by the new chancellor in the 2020 budget that this will temporarily be replacing the Enterprise Finance Guarantee. Having a clear view and being in control of your cashflow is vital for small and medium sized businesses right now. Access to sources like these, will offer more attractive terms for both businesses and lenders, with the aim of supporting the continued…
 
Beyond Accountancy

At Nordens, we're more than just accountants - we're business experts who can help you achieve your biggest goals.

Nordens Strategic

Our specialist strategic division at Nordens boasts some of the leading entrepreneurial business minds in the country. We cater towards delivering consistent success stories, whilst helping businesses achieve above and beyond their initial goals.

Through highly-tailored guidance, coaching and advice, Nordens Strategic are able to define exactly how your business can reach new levels of success.

Regardless of how you define ‘success’ for your business, our strategic service is guaranteed to bring about real and lasting change. By partnering with some of the UK’s top business coaches, we’ll steer you along the path to a greater future.

Accounting 2 You

Every business, no matter how big or small, needs to make the right decisions, and how to best manage your accounts can put huge question marks over your business. Accounting2You is here to take that pressure off and provide you with all the answers you need.

Our bookkeeping branch offers a fully inclusive, comprehensive service that you can trust. Since 2005, our specialist bookkeepers have been successfully managing the accounting of both individuals and small businesses.

With experts in payroll analysis, credit control and financial recording, Accounting2You will lead your business efficiently, and with real purpose, towards a prosperous future.

Voted as EXCELLENT - 9.9 out of 10 based on 167 reviews

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Chris Dyer

Director - Metro Bank

Nordens are always very easy to deal with and extremely professional and efficient. I would have no hesitation in recommending them to my clients for their accountancy needs, no matter how complex they may be.

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Jamie Brown

Co-Founder - Chicmi Limited

Very good to work with - the team go above and beyond to make the accounts easy and efficient. They're all super friendly and a joy to work with.

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Simon Rose

Director - Rose Opticians

I have been using Nordens Chartered Accountants for 5 years and very happy with the service provided. All members of the team are very knowledgeable and have a wealth of experience which has proved very beneficial to my organisation

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Rebecca Bossick

Founder & Director - Physio LDN

Very easy to contact and put me in touch with the right person whenever I need to ask any questions. Extremely knowledgeable and can help me manage my various businesses whenever I need.

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James Aconley

Principal - Pauline Quirke Academy

Great accountants, always available to offer advice. The team have transformed my business.

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Christopher Wilce

Founder - Dataphone

Having worked with Nordens over the last 5 years, not only to look after my annual accounts but they have also provided outstanding professional advice. They have guided me through a Company share buyback with clear and objective advice. We have also been using Nordens strategic services for a couple of years, which has helped bring about significant improvements that exceeded my expectations. With experience of working with several local accountants over my 29 years in business, I’m very pleased with the service I have received from Nordens.

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Dave Hodges

Director - Linekers

Trusted our business with Nordens for over 10 years now and watched the company grow into the successful innovative business it has become today. Deservedly so. Every aspect of financial advice we need is always given promptly and with a smile. We have total confidence in all aspects of advice Nordens give. If you are looking for accountants, its a no brainer!

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Tony Charles

Founder - Foundation Sports Limited

A fantastic, modern, vibrant firm that care about the clients and their staff in abundance. It is rare to find an Accountancy firm with such vibrance and focus and relationships. It is no wonder they win award after award in their field.

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Peter Horlock

Managing Director - Prime Time Boilers

I have been with Nordens for many years now and they are a great accountants.

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Simon Cushing

Founder - Vivid Finishes

We have used Nordens for the last 5 years and have had a great service throughout. The guys are very passionate about what they do and have played a part in the growth of our company, highly recommended.

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Andrew Martin

Managing Director - AMD Interior Architecture

Great Service at Nordens from a friendly very approachable team Particularly Kirsty Willis and Joe Sword who have been helping us since we started the business in 2016.

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James Robinson

Director - Forma London

Nordens provide a first class service. We moved to Nordens last year and have been impressed with the level of service provided. Keep up the good work!

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Latest News

We've always got our ears to the ground when it comes to interesting, useful and topical information relating to business and accountancy.

Still Working From Home?…
Working from home has always been envisioned to free humanity from the grind of the daily commute, enabling an easier blend of work and family life. In April 2020, statistics released by the UK's Office for National Statistics ...
Bounce Back Loans –…
Following widespread criticism of the availability and effectiveness of the Coronavirus Business Interruption Loan Scheme (CBILS), the government introduced an unprecedented support package to help companies and their sharehold...
Nordens TV

We love making videos that break down convoluted accountancy jargon into plain-talking, actionable and accessible facts.

Finance, Furlough And Opportunity…
Watch back the recording of our Nordens live webinar titles 'Finance, furlough and opportunity' recorded on Wednesday 22/04/20.   Our Host, Nordens CEO Mitch Hahn, was joined by guests Joe Sword - Head of Nordens str...
Government Resources, Rational Thought…
This is a recording from our Nordens live webinar on Wednesday 08/04 at 2pm GMT hosted by our CEO Mitch Hahn. We had the privilege of being joined by our special guests; Joe Sword - Head of Nordens strategic consultancy div...
  Why I Founded Nordens
Accounting 2 You

In November 2002, having sold our other business interests off earlier in the year, I decided to set up Nordens Chartered Accountants. The easy part was knowing how to do it, as I had established and built a smaller practice a few years earlier. The difficult part, for me, was not following the traditional accountancy path. Having run businesses, both successfully and unsuccessfully, I wanted to help business owners resolve their short term problems and work with them to achieve their longer term goals. Business has always been my interest and I love that I can help business owners achieve what seems like the impossible every single working day.

Mark Norden Signature

Mark Norden
Founder

We're Professionally Certified

Our limited company accountants have a range of qualifications from The Institute Of Chartered Accountants (ICAEW) to the Association of Chartered Certified Accountants (ACCA). We worry about the bye-laws, regulations and ethical guidelines of the ACCA so you don’t have to! That makes us an ACCA-accredited employer as well as a Professional Passport-accredited one!