ACCOUNTANTS IN CROYDON
SECONDARY KEYWORDS
Overview
DNS Associates – Accountants in Croydon, is one of the largest assurance, tax accountant, and advisory firm in the United Kingdom. With expertise in helping owner managed businesses, freelancers and contractors, we deliver audit, taxation, financial advisory and consulting services to clients throughout the country, including Croydon. Our people at DNS Associates work across more than 15 industry sectors with a prime focus to deliver measurable and lasting results.
Our qualified team of chartered accountants and tax professionals works directly with the owners/directors/partners of small-sized owner-managed businesses. We are already helping people in need of Pensions, Auto Enrolment, Personal Insurance, Mortgages, Basic Accounting or Business taxation/accounting, etc. Our clients, to name a few – personal service company, financial institution, construction company, retail, restaurants and bars, contractors, and freelancers etc., count on us to help them transform uncertainty into possibility and opportunity from even the unforeseen obstacle.
Business in Croydon
Croydon is one of the largest business and retail centers in South London, and consequently has higher concentration of businesses in the retail, business administration and finance/insurance sectors. As per the Croydon Economic Development Plan, it is clear that more needs to be done to support business growth and rebalancing by identifying the key themes, priorities and delivery mechanisms to achieve the overall long term vision to make Croydon London’s most enterprising area by 2040.
Our Services
DNS Associates – Accountants in Croydon, provide accountancy & taxation servicing that meet the needs of local small businesses and tax payers, in and around Croydon and surrounding areas. Our services range from completion of year end accounts and annual returns to Real Time Information (RTI) payroll, bookkeeping to tax advice and savings, Value Added Tax (VAT), business plans and many more.
• Accounting Services
o Statutory Accounts – Every single company registered at Companies House is under a legal obligation to prepare and submit annual accounts. With our expert team of Chartered Accountants at Croydon, we explain every step and ensure complete transparency throughout the process.
Prepare, check and submit Annual accounts to Companies House
Compliance with Companies House and UK law guaranteed
Expert tax accountants advice minimizes liability and identifies areas to help plan future business improvements
o Accounts Management and Business Plan – Our Chartered Accountants and accounting professional in Croydon, pay attention to details and grasp of all financial matters to offer an expert accounts management and information service.
Monthly or quarterly management accounts
Regular bookkeeping
Reporting key performance indicators to give an accurate, up-to-date picture of the business
Actual performance, costing information and break-even turnover levels, compared to budget forecasts.
o RTI And Payroll – Managing the payroll can become intractable without professional guidance. Our professionals help clients navigate through all kinds of sensitive and time-critical payroll and Real Time Information (RTI) services:
Employee pay slips, monthly summaries and departmental reports
Maternity and sick pay and loan deductions
Real Time Information (RTI) returns and information filed with the tax authorities
Automated payment systems and other IT support
Year end P60s and other administrative form-fillings
Retirement planning and tax advice for company employees and pensioners
• Tax Accounting Service – We, DNS Associates – Accountants in Croydon, offer advice, guidance and support to businesses and individuals concerned about meeting their legal obligations while reducing their tax obligations.
o Corporation Tax – Corporation tax can take up a substantial part of businesses’ trading costs, with harsh penalties for businesses that fail to pay the right amounts. Our Tax accountants take away the administrative burden by providing a number of crucial support services.
Working out the most tax efficient structure for the business
Identifying tax reliefs and tax advice on disposals and acquisitions
Looking out for industry-specific tax opportunities and legal schemes, including R & D tax credits
o Self Assessment and Tax Return (Income Tax) – It is essential for many business, individuals and sole traders to complete their Tax returns. It becomes very essential to minimize the tax exposure once earnings go above the nil tax rate threshold. DNS Associates expert Tax accountants help our clients to prepare tax return accurately and promptly.
Prepare and submit self assessment tax returns
Tax liabilities minimized and mitigated against
Collate and analyze receipts and invoices
Correspondence with HM Revenue and Customs (HMRC)
Compile and retain back-up records
Calculate Construction Industry Scheme (CIS) tax repayments/refunds
Claim terminal loss relief and overlap profits relief at cessation of business
o Inheritance Tax – Tailored wealth succession can be complicated.
Advice on transfer of gifts with reservations and pre-owned assets
Inheritance Tax (IHT) calculations and predictions
Capital gains tax advice on disposal
Inheritance Tax (IHT) and family wealth succession advice for estates close to the nil rate band
Advice and guidance for family businesses and partnerships on business property relief
Advice for executors in calculating IHT liability
o Tax Investigations And Disputes – From HMRC investigations to employment concerns, it can be hard to work out how to handle an investigation or settle a dispute. Our Chartered Accountant and Tax Accountants in Croydon, have many years' experience of dealing with tax queries and investigations, and can help businesses find the way forward to resolve any investigations they are faced with and avoid costly litigation in disputes.
Support during HMRC and other tax investigations
Minimizing or even avoiding penalties for e.g. late payments or oversights
Self assessment, Pay-as-you-earn (PAYE) and Value Added Tax (VAT) enquiries support
Capital gains tax investigations
Rental income disclosure investigations
Industrial Expertise
The industry sectors we cover include:
• Hospitality
• Healthcare
• Lawyers and solicitors
• Travel and leisure
• Technology
• Retail
• Property and real estate
• Construction
• Media, film and entertainment
In supporting business start-ups and innovation, there are some key issues to consider. In recent years business survival rates in Croydon have matched the London rate of 73% of businesses remaining in business after the first two years. However, these figures don’t include both survival rates and new business start-ups. Creating the right environment is essential. Most people starting up a business do so because they have a good business proposition and the enterprise and commitment to see it through. However, many sole traders or business owners are not experts in the legal and financial aspects of running a business and such matters often appear daunting. For a business to run successfully, the owner does not need to be an expert in these fields to succeed in business but definitely needs a team of qualified chartered accountants and tax accountants. Our support to the business clients far exceeds the traditional audit or preparation of accounts. We assist our clients, in various Industrial sectors, in developing internal systems and controls which will help their business develop and grow in the fiercely competitive business world.
DNA Associates – The Accounting firm in Croydon, have a team of experienced and qualified chartered accountants providing specialized accountancy and tax services that are tailored to the personal and business needs of small-businesses, freelancers and contractors. We are focused on providing personal and professional services to local businesses operating in Beverly, Bristol, Burlington, East Grinstead, Coulsdon, Purley, Cornwells Heights-Eddington, and Edgewater Park areas.