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Introduction

There are UK and Romanian companies currently enjoying the rewards for offering consumers e-commerce opportunities and expanding their business in different geographies. Businesses realise that e-commerce is one of the fastest growing markets in Europe and offer Romanian businesses a wider market to cater to.However,while half of the people online buy goods or services on the internet, only ~10% of this online trade is cross-border. Today's business landscape is altering at an extraordinary pace. We live in an age where technologies are providing businesses with newer opportunities to grow; opportunities such as 'Big Data' processing and cloud computing, provide the businesses with a competitive edge. DNS Accountants understand the needs of modern Romanian businesses and our services focus on offering best accounting solutions for our wide range of clients. We stand as a top professional Romania Speaking Accounting firm in the UK offering a wide range of top-notch facilities intended for both business and individuals. Our professional of Romanian Speaking Accountants, assist businesses with a large range of requests from simple bookkeeping requirements to complex business accounting measures. We have office all across the UK, and are time and again ranked as one of the most well-known Romania Speaking Accountants. Our vision is to persistently discover the fundamental concepts of modern cloud-based accounting

Romanian Accountants in the UK

Romanian Accountants UK

DNS Accountants'' Romanian experts are capable to file financial records with the Tax Authorities in Romania, manage payroll administration, execute value added tax (VAT) registration and VAT filings. Our offices are located around all the major cities of the UK. Our clients characteristically encompass small and medium sized (SMEs) businesses across a broad range of industry sectors.We can provide the needed advisory support regarding taxation and accounting. Payroll management is an additional aspect that calls for detailed procedures. Our Romania accounting office can efficiently manage entire payroll processing in association with legal requirements. The accountants in our company will also file statuary and management reports. DNS Accountants is a member of the Institute of Chartered Accountants in England and Wales (ICAEW) and works with clients to provide solutions on taxation and accounting matters to its owner managed client portfolio. The company provides advice on corporate and personal tax matters as well as Capital Gains Tax, value added tax (VAT), and National Insurance (NI) matters

DNS Accountants receive enquiries from Romanian speaking individuals seeking to establish their business in the UK. Establishment may either be a branch of the Romanian Company or as a subordinate company of a well-established Romanian company.We are well-known with the requirements of Romanian speaking business individuals and can help them set up business bank accounts, registration for value added tax (VAT), and limited companies. Some businesses may be employing Romanian workers in the building construction industry and in such a scenario DNS Accountants can assist them with CIS services.If businesses need Romanian speaking accountants or Romanian Accountants based in the UK who are quick to respond to the requirements of the business, please contact us!There will,at all times, be a Romanian accountant or Romanian speaking accountant in the office who will be able to assist businesses and individuals with their needs

DNS Accountants offer the below mentioned services:

Services for setting-up businesses in the UK

We can assist with setting-up of following type of businesses in the UK:

  • Limited Liability Company (SRL) - This is the most accepted type of company in Romania. The minimum required capital is relatively low (€60). SRLs must have no more than fifty shareholders, however there are no limitations on the nationality of the shareholders
  • Joint Stock Company (SA) – SAs are the obligatory form of company with activities in the sectors of banking or insurance. The least amount of share capital required is €25,000. There should be at least five shareholders and one company director

All the above mentioned businesses have an official prerequisite to keep full and inclusive books and records; financial reporting is regulated by three 'censors'

Taxation in Romania

Romanian Speaking Accountants for Tax Return in UK

There are two major types of taxes in Romania: corporate tax and personal income tax. Apart from these, there are other taxes for certain kinds of income such as Inheritance tax and Capital Gains Tax. For a corporate entity, the applicable rate of corporation tax is 16% of profits. Additionally, a corporate entity must file accounts once per year (within six months from the end of a financial year) with the Company Registration Court and the Tax Authorities. The sale of goods or services is subject to value added tax (VAT), if not exempt otherwise or outside the scope of VAT. Usually, most business activities are subject to VAT. Since, VAT rules are multifaceted and businesses should have a discussion with their accounting and tax advisor such as DNS Accountants before a business starts

Personal Income Tax – A partner or sole trader will pay Personal Income Tax (usually 16%) on business profits

Capital Gains Tax – The appropriate rate of Capital Gains Tax is 16% for both companies and individuals. There is a reduced rate of 1%-3% for any personal gains from real estate sales

DNS Accountants Romanian Accounting Service

Our company offers special services for business with requirements of a Romanian Speaking Accountant. The most important benefits businesses can enjoy by outsourcing their accounting to Romanian Speaking DNS Accountants are:

  • DNS Accountants have a well developed IT infrastructure and work with various cloud-based accounting applications
  • preparing annual financial statements, together with consolidated financial statements
  • save the business time and resources to enjoy measureable remuneration
  • reduce the costs of accounting
  • take the burden off the business owners and help them focus on core business activities
  • protect the business from any compliance issues with Companies House or HM Revenue and Customs (HMRC)
  • take advantage of our learned Romanian accountants in the UK
  • reporting as needed, (Romanian or English language)
  • protect the business against accounting errors

Additionally, DNS Accountants offers book-keeping, accounting, and taxation services for clients across all business sectors. Our services are Romanian Speaking accountants include Bookkeeping/accounting services for SRL and SAs; company formations, company secretarial services, accounting services for limited companies; payroll services; registration and preparation of tax returns; value added tax (VAT) returns. We have a fully competent, knowledgeable team of Chartered Accountants, to help businesses with all accounting queries at the uppermost standards and in a tax efficient manner.We also support Romanian business activities and assist businesses with setting up business bank accounts, producing taxation returns and offeroutstanding, original accounting and taxation clarification and recommendation. We can provide our services in the native language of the business

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