Bath is situated the county of Somerset and in 1974, became part of the county of Avon. However, after Avon's abolition in 1996, Bath has been the chief hub of Bath and North East Somerset. Presently, Bath is home to many service-oriented businesses such as software, and publishing; prime companies include Future plc and London & Country mortgage broker. Major employers in this region include the National Health Service (NHS), the Ministry of Defence (MoD) and the two universities in the region. Bath is famous as an international visitor destination – credit goes to its heritage and cultural. It is an important economic centre in the West of England and the city also has regional shopping centre, categorised by independent and boutique shops. Its aims to focus on the following:

Strategic Housing Market Assessment – aims to meet the housing needs by:

  • Enable the delivery of new homes needed to act in response to the changing demographic; aims to built a place where citizens can live, work, and enjoy
  • Ensure that the new homes are of high-quality design and can cater to a range of incomes and households, including demand for affordable housing
  • Ensure that the accommodation needs of migrant students is met
  • Ensure that the improvement of new homes is associated with the provision of essential infrastructure

DNS ACCOUNTANTS IN BATH

DNS Accountants is an experienced firm of ACAs and CAs based in Bath. Our management believes that the success of the business is linked to the quality of service we provide to our clients and the quality, therefore, helps to build relationship with clients. We provide honest advice to businesses in Bath to help them achieve their goals.

Based in Bath, we help business to understand different ways of maximising their revenue and profits. Businesses will always work directly with our experienced team members, thereby building a strong, trusting relationship. By proactively managing business affairs, we offer personalised service that takes the worry out of managing finances and achieves the best tax position to suit individual circumstances. We provide a complete range of accountancy services, including:

  • Accounts preparation
  • Business tax compliance & planning
  • Business plans
  • Corporate & commercial advice
  • Personal tax compliance & planning
  • Management accounting & budgeting
  • Bookkeeping & payroll
 Accountants in Bath

Accounting & Bookkeeping

We assist our clients with the preparation of books of account for SMEs in Bath. We offer accounting and bookkeeping services to sole trader, partnerships, limited liability partnerships, limited companies and charity or not for profit organisations. We work as a team to make certain the books are completed on time. Understanding the business needs is essential to enable us to understand the business and ensure that we bring in all income or expenses within the permissible limits.



Business start-ups

For new businesses in Bath, we talk about the ideal business structure and personal circumstances of a business. We also advise on business and tax issues – issues vary depending on the organisation structure which means operating as a partnership, sole trader, limited liability partnership (LLP) or limited company.

Business advice

DNS Accountants assist sole trader, and partnerships with capital allowance planning to ensure that they receive the correct tax and accountancy treatment to maximise savings; provide partnership tax advice to make certain that partnership agreements are in place and appropriate profit allocations are included.

Management accounts and forecasting

We assist businesses in Bath with the preparation of monthly or quarterly revenue figures, preparation of VAT returns and check records for accuracy.

Payroll

With the recent changes to the payroll obligations, many businesses are no longer acquiescent and are lagging behind to meet their obligations. DNS Accountants can take away the stress away from payroll processing. We review the payroll procedures to ensure that the obligations for submitting forms P11D are met.

Personal tax planning

Our services include minimising tax liabilities; planning for business succession; mitigating capital gains and inheritance taxes; and make prerequisites for retirement.

Property Tax

Home insurance costs in the UK are increasing as a result of high property taxes. Average property insurance bills increased 2% y-o-y basis to reach an average of £121 in April 2017. According to consumers, if the government hadn't increased Insurance Premium Tax, property insurance costs would be lesser.

REGION YEAR-ON-YEAR CHANGE (%) AVERAGE PREMIUM
East Midlands 1.70% £111
Eastern 2.20% £119
London 1.90% £144
North East 3.30% £114
North West 0.90% £120
Scotland 1.60% £122
South East 2.40% £123
South West 2.90% £115
Wales 2.20% £114
West Midlands 1.70% £114
Yorkshire & Humber 3.20% £125
GREAT BRITAIN 2.00% £121

We have dedicated services for the construction industry and assist contractors and sub-contractors with construction industry scheme (CIS). Under CIS, contractors deduct money from the amount payable to a subcontractor and pass it to HMRC. This deduction is considered as advance payment towards a subcontractor's National Insurance (NI) and tax. Contractors must register for the scheme. CIS covers most construction work – building a permanent or temporary structure or civil engineering work which includes constructing roads and bridges. We help contractors with the registration process and make sure that they do not register incorrectly. Contractors do have to register if there only perform the following activities:

  • architecture and survey work
  • carpet fitting
  • material delivery
  • make material used in construction industry including plant and machinery
  • scaffolding hire (with no labour)
  • perform other activities on the construction sites which do not form part of the core construction activities such as running a canteen

VAT

Our services for value added tax (VAT) include: assistance all through VAT registration; assist with completing VAT returns; advice on VAT planning and structure; VAT control and settlement; representing business at VAT tribunals; and opt for the most appropriate scheme

Self assessment

Self assessment was introduced in 1996, and helps HMRC in the tax collection process. We work with clients for preparation and submission of self-assessment returns. For every client, we carry out an in-house y-o-y comparison with previous self-assessment returns to make certain no sources of income are missed


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