ACCOUNTANTS IN MILTON KEYNES
Milton Keynes Accountants for Small Business
With the change in business dynamics and the ever changing regulations and guidelines of the government it is becoming more and more imperative for every small business to maintain up-to-date books of accounts. The present environment necessitates small businesses to be prepared to adapt to the changing accounting and financial processes to ensure that they are well positioned to counter the market demands in the near future. DNS Accountants is a leading firm of contractor accountants in Milton Keynes and we support small business with cost effective bookkeeping services. Our team of chartered accountants in Milton Keynes takes the burden of accounting and financial management away from the business owner allowing them to focus on the prime business activities.
As top accountants in Milton Keynes, DNS Accountants take pride in delivering exceptional customer service and we are very transparent in our approach. We help clients with cheap accountancy and taxation services and consider servicing small businesses in a way that they save their taxes and money in every possible way. We interact with our clients at every stage of the accounting process and help decide complex issues, improve the quality of reporting by using Nomisma Solution - our cloud based high-quality accounting software. DNS Accountants are the best accountants in Milton Keynes and our accounting services include account management services, statutory accounts, real time information (RTI) returns and payroll.
Our team of accountants and tax accountants in Milton Keynes, UK provide a series of accounting, taxation and compliance services which are economical and customized according to the needs of the business. We are very flexible with our approach because of which our clients count on us for bookkeeping, tax compliance, adopting the new UK Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS), procedural accounts and statutory accounts preparation. We aspire to build long term relationships with our clients based on the pillars of reliability and faith and aim to save taxes and money in every possible situation.
Business in Milton Keynes
Milton Keynes is a center of attraction for many investors because of its central location and business benefits that the city has to offer. The city is well-connected with fast links to other parts of the country and has an extremely skillful talent group. Milton Keynes is a well planned city, offering impressive office spaces. Many leading companies have their headquarters in Milton Keynes. Being so favorable for business, Milton Keynes caters to various business sectors ranging from logistics, technology and manufacturing. Milton Keynes is a technology hub and home to major technology companies such as Airwatch, T-systems, Siemens, and Tech Mahindra along with many others. Also, the city is home to successful ventures such as Red Bull racing, Marshall Amplification and is a perfect place for manufacturing as worldwide names from the United States, Germany and China have set up their manufacturing facilities here, making products ranging from heavy lifting equipments to vaccines. The professional services in Milton Keynes employ just over 24% of all employees in the city. Many small businesses are set up in Milton Keynes and are growing at a steady pace. Companies likes Mirus IT, TFA and Intuitive Management are among the few that are making a mark in Milton Keynes.
IT contractor accountants in Milton Keynes :
Nomisma Solution, our cloud-based accounting software, has changed the way accounting services are carried out to meet the challenging demands of small businesses in today’s speedy environment. In a dynamic and ambitious world, business owners and management require up-to-date information and access to professional advice to help them with the challenges facing their business. With cloud accounting technology, clients are connected with existing business performance information which can be accessed anytime and anywhere. With Nomisma Solution we provide a fully secured solution, bookkeeping, management reporting and help with year-end fillings. Small business owner in Milton Keynes can have access to the complete solution package including tax compliance, statutory reporting, customer relationship management and payroll. Whether a small business is looking for local accounting services or compliance support, our IT contractor accountants in Milton Keynes deliver accounting and taxation skills proficiently, making certain that management time is not tied up and they focus on the business.
Services DNS Associates offer
DNS Accountants are top accountants in Milton Keynes providing accounting and taxation services that meet the needs of small businesses in and around Milton Keynes and surrounding areas. Our learned team of chartered accountants in Milton Keynes helps clients with:
- Management accounts, Bookkeeping and business plans
- Tax planning, Value Added Tax (VAT) registration and returns
- Individual taxation and self-assessment tax return
- Tax Investigation and dispensation application
- Year end accounting services
- Real time information (RTI) payroll
- Setting up small businesses
- Tax credit services
- Auto Enrolment
- Registered office service
Most challenging part for any business is to find a contractor accountant who gives a fixed price and knows what exactly needs to be done. Our team understands the fact that every client has separate needs. Our team is experienced and helps clients with credit support and has the knowhow of reducing the tax base.
Auto Enrolment in Milton Keynes:
The United Kingdom government has made changes to how workplace pension scheme works in order to help more residents of UK secure their retirement. Auto-enrolment is a new requisite imposed on employers in the UK under the pension reform laws. Under a law introduced in 2012, all employers must sooner or later put forward a workplace pension scheme (WPS) and automatically enroll eligible workers in the scheme. This requirement has been implemented by many employers since October 2012 and will apply to all employers by 2018. Through Auto Enrolment most employers in UK will be obliged to put in place a Qualifying Workplace Pension Scheme (QWPS) and automatically enroll their qualifying workers. Employers will have to make contributions to their employees’ retirement fund in each pay period.
Auto Enrolment is being introduced in phases until 2018 and started with largest employers, followed by medium-sized and then small employers. Whether an employee works part time or full time, the employer will have to enroll them in a WPS if:
- the employee works in the UK
- an employee is previously not in a suitable workplace pension scheme (WPS)
- the employee is between the age of 22 and State Pension age
- the employee receives more than £10,000 a year (tax year 2016-17)
All businesses, except individuals who are self-employed, qualify under the scheme. Businesses that do not comply with the workplace pension scheme can face fines and trials. DNS Accountants – small business accountants in Milton Keynes, is always ready to help small business with auto enrolment.
Essentials of auto enrolment:
- Staging date
- Eligible employees
- Calculating contribution
- Concept of deferment or waiting period
- Employer’s responsibility
Phases of Auto Enrolment:
A year before staging
- Know when the business needs to be ready
- Make available a point of contact
- Develop the initial plans
Six months before staging
- Find out the total number of employees to be enrolled
- Choose the best software (Nomisma Solution) and verify records
- Choose the appropriate pension scheme
- Make sure all eligible staff is automatically enrolled
Six weeks post the staging date
- Employers can postpone the first time assessment and enrolment of employees into WPS but need to issue a rescheduling notice within six weeks of the staging date. The maximum rescheduling period is three (3) months.
Five months after staging date
- Register – Complete the statement of compliance
- Maintain records
- Accomplish all ongoing tasks
DNS Associates – best chartered accountants in Milton Keynes, provide expert accountancy and taxation consultancy that is tailored to the personal and business needs of small-businesses, freelancers and contractors. Our cheap accountants in Milton Keynes focus on providing dedicated and professional services to all local businesses and individuals operating in Luton, and Northampton.