With technology changes taking place so frequently, many contractor accountants are opting to move away from the traditional book-keeping and spreadsheet based model, and moving to a more modern Cloud-based method of accounting. Though having an entirely online accounting system may raise certain doubt, in particular related to data protection and keeping personal & client data secure. However, a number of cloud-based softwares such as Nomisma Solutions are designed in such a way that it keeps the client data protected for malware or phishing activities. With these technology changes, businesses in the UK don’t need to worry about looking for a contractor accountant in their vicinity, as using the Cloud means all of the data and other information is easily accessible from any location whether it be Birmingham, Edinburgh, Kent, London, Leeds, Manchester or any site across the UK.

Contractor accountants wigan

This cloud innovative means that all accounting data can be accessed by the business as well as the accountant from any device in any part of the world (this depends on the data regulation laws). Using cloud-based accounting software will also aid the business in staying on top of all statutory requirements such as the upcoming legislation changes, tax filing deadlines etc.

Basic features of cloud-based accounting software

Easy and speedy bookkeeping is the demand of modern times. With loads of data in-flow and out-flow, it is important that a user can swiftly upload procurements and operating expense onto the system, and generate reports automatically. With a cloud-based accounting software there is no need for data back-up as it’s all stored on the cloud. Basic activities include: 

  • Invoicing – Businesses can create and modify the invoice (add logo’s and designs) to give it a more professional look and feel
  • Bank Feeds – Set up bank feeds will help the business as they just need to simply import figures without manually adding anything
  • Reports – Along with providing P&L, balance sheet and other financial reports, accounting software also offer a wide range of graphical reports. This enables the user to have a better picture of the business daily, weekly or quarterly (depending on the need of the business)
  • Data protection – Starting May 2018, the EU General Data Protection Regulation (GDPR) will have an effect on every UK organisation that processes personal data of EU residents. It will be imperative for businesses to comply with GDPR

Wigan

Wigan has experienced immense economic growth, and apart for pottery production and clock making business it is also well-known for its coal mining activities. The first coal mine in this region was set up in 1940 and at its peak there were 1,000 pit shafts. It is the ninth-largest authority in the UK and occupies an advantageous geographic position.

DNS Accountants in Wigan

DNS Accountants is a leading professional services firm in Wigan and has been working with owner-managed businesses and freelancers across various industrial sectors. Our qualified team of ACAs and Chartered Accountants in Wigan aims to give recommendations that help the business attain cost-efficiency. As modern day accountants in Wigan, our services include:

Auto enrolment

Auto Enrolment is an official requirement for companies in the UK. It provides eligible employees with a Qualifying Workplace Pension Scheme (QWPS/WPS). We help businesses with auto enrolment and provide guidance as specified under the UK Government law.

Business start-up

We help setting up a new business in the UK and provide an absolute service to help the business get underway. Our services for start-ups include:

  • Accounting Compliance and Tax Advice: This includes services such as UK company formation, value added tax (VAT) registration and returns service, business account opening, business insurance, registered office address, and tax investigation cover
  • Bookkeeping services: We offer an all-inclusive set of bookkeeping services including posting and storage of accounting records, invoice & credit management, payment managing services, reporting requirements, and reconciliations
  • Management accounts: We help businesses with effective management of financial records
  • Self Assessment: We help with registration for self assessment and provide guidance on the same
  • RTI and Payroll: We help businesses by managing their monthly payroll
  • Business Growth System: We offer free admission to Business Growth System (BGS), one of the primary business expansion and marketing system
  • Dedicated Account Manager: We offer each business with an outright account manager service
  • Smart Cloud Software: Our cloud accounting software operates under a Software-as-a-Service (SaaS) business model, where clients pay a comparatively small monthly fee on a regular basis and avail all services

Specialised accounting services for small business

We prepare financial statements in accordance with local Generally Accepted Accounting Practice (GAAP)

Contractors & Freelancers services

Our specialist accounting services, for Freelancer & Contractors, starts at £59.00 +VAT per month

Construction Industry

We provide a specialist accounting services for the Construction Industry (CI) and provide recommendation on Construction Industry Scheme (CIS)

Landlord Property Tax

We specialise in taxation services for landlords and investment property holders

Additional services

We also offer services such as national insurance for the self-employed, bank accounts opening and setting up a UK bank account, business plan and management accounts, and business recovery & company closures. Our business recovery solutions include: company dissolution and strike-off, company voluntary arrangements (CVA), members’ voluntary liquidations (MVL), and creditors’ voluntary liquidation (CVL)

IPSE Membership

We are an active voice in both the government and industry

Seed or Enterprise Investment Scheme (EIS/SEIS)

EIS is a series of tax reliefs in the UK and was launched in 1994 in succession to the Business Expansion Scheme (BES). This scheme is designed to support investments in small unquoted companies carrying on a qualifying trade in the UK. Benefits include: No capital gains; 30% tax relief; inheritance tax relief; and diminished exposure

Tax Investigation Cover

This service is included in our Premium and Gold package (basic packages are available at small monthly or annual fees)

UK Limited Company Formation for Non-Residents

We support businesses in the UK with company formation, bank account assistance, company secretarial services, registered office service, and full company compliance


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