OUR ACCOUNTANCY SERVICES Our small business service provides you with big business experience. From your company tax return to full management account services, we can help you plan your finances and convert goals into real monetary targets. We can also help you with your personal tax return and other personal tax / accounting related issues.
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YEAR END ACCOUNTS
We prepare accounts which comply with the latest legislation and best practice, advising our clients in good time of due filing dates to avoid late filing penalties. As HMRC enquiries are based on exception reporting, we produce accounts which are consistently prepared and meet current standards. We aim to provide clear and concise data as we realise accounts are a useful tool for the business owner, customers, suppliers and potential lenders.
COMPANY TAX RETURN
Our professional staff will ensure that the entries on the return and computation are correct and comply with current legislation. We will ensure that your affairs are dealt with in the most tax efficient way. We will also make sure that all claims and elections are made promptly.
PERSONAL TAX RETURN
We are happy to complete and submit your personal tax return on your behalf. We will ensure that all relevant income is disclosed and that all available reliefs are claimed. We will advise on tax thresholds and how they affect you, aiming to minimise your tax burden.
We are able to advise business owners of the benefits and drawbacks of trading through a limited company. We consider our individual client's lifestyle and environment to determine the most suitable approach to trading. As a result of our investment in professional training, we are aware of legislative and other factors which may also affect this fundamental decision.
MANAGEMENT ACCOUNTS, ACCOUNTS PREPARATION AND VAT
We believe it is always much easier to manage and control your business if your accounts information is up-to-date and accurate. We encourage clients to adopt an accounts software package appropriate to the size of their operation. HMRC are introducing Making Tax Digital from April 2019, whereby all businesses will eventually be expected to submit quarterly returns.
Making Tax Digital will affect virtually every business. Only the smallest trade will be exempt from submitting quarterly returns. It is becoming an absolute necessity to maintain computerised records. We will help our clients achieve this; advising on software and supporting the initial training. We can also assist in the preparation and the review of these quarterly records.
PAYROLL AND AUTO ENROLMENT
We provide payroll services for the majority of our clients requiring a payroll. We use up-to-date payroll software enabling us to deal efficiently with the demands of the HMRC RTI submissions. We are able to calculate maternity and paternity pay, statutory sick pay, holiday pay and also advise on redundancy.
Since 2016, there has been a phased introduction of Auto-Enrolment Pensions. Many small firms can opt out of Auto-Enrolment depending on the make-up of their workforce. We can advise on this and also monitor staging dates and compliance with Pensions Regulations. Once auto-enrolled, we can run the pension scheme within our payroll schemes advising the pension provider of contributions alongside submitting the HMRC RTI reports.
Dowsett Moore are members of a training group and all professional staff attend regular courses ensuring that we can provide relevant, up-to-date accountancy and tax advice.
We allow clients to take out fee protection insurance against the professional costs of defending an HMRC enquiry. The additional benefit of joining this scheme is access to several advice lines, including employment, health and safety and tax issues.