Corporation Tax represents a considerable cost for any business. Add to this the burden of complying with reporting responsibilities, investigations with tax authorities, harsher penalties for non-compliance and your tax liability could be considerably larger than necessary.
At DNG Chartered Accountants we don’t believe Corporation Tax has to be a burden. We can help you minimise your Corporation Tax exposure, alleviate these problems and carry out administrative duties to comply with tax legislation. This includes preparing income and Corporation Tax computations and submitting your Corporation Tax self-assessment return.
We can conduct a full tax review of your business and determine the most efficient tax structure. Very often such reviews result in considerable tax savings, which show up as real improvements in your bottom line. Many businesses in and around Northampton and Daventry have benefited from these reviews.
As with any other area of taxation, it is essential to be proactive and plan ahead when dealing with Corporation Tax.
In this way you can:
The term ‘self assessment’ is proving to be one of the great misnomers of all time. Many taxpayers struggle to understand the complex tax returns and complete them correctly.
The constant stream of changes to tax legislation means not only that the returns are becoming even more difficult to understand but also that taxpayers risk incurring more penalties through failing to complete their returns on time or correctly.
At DNG Chartered Accountants we have spoken with thousands of businesses over the years and clearly understand the pressure-points when it comes to self-assessment. We can save you a lot of time, worry, and money by handling self assessment for you. We will do all the necessary computations, complete your return, and even offer advice on how you can minimise your tax liability.
Businesses across Northampton, Daventry and beyond have benefitted from us acting as their agent, dealing directly with HMRC on their behalf and, should you be selected for a self assessment enquiry, act for you at any meetings.
Every pound of income tax you save means more income at your disposal. And if you plan well for the disposal of assets, this means minimal loss of capital gains, and every Inheritance Tax saving means more benefit for your beneficiaries.
Make sure you take full advantage of the tax saving opportunities open to you – contact us today for a personal tax planning review.
If you own and sell valuable items you may need to pay Capital Gains Tax. This can often involve complex calculations. We’ll do the calculations for you or tell you if the asset is exempt.
We can give you all the necessary Capital Gains Tax information and advice to make sure you’re making the most of your annual tax allowances and credits.
Few of us like to think about dying, but equally few of us could live with the thought that we have not made adequate provision for family and friends who survive us.
The legislation that governs passing on your estate to your chosen beneficiaries requires you to plan well in advance. Since none of us knows when we will die, this means making the necessary provisions now. DNG Chartered Accountants have long experience of this area of our financial life, and can give personalised advice.
What is important is that the earlier you make the arrangements, the greater your chance of taking full advantage of the tax opportunities available and thereby maximising the amount that goes to your beneficiaries. Nothing is more demoralising than the thought that a substantial slice of the wealth you have worked hard to accumulate will end up in the Government’s coffers!
It is equally important when planning to transfer your estate that you make adequate provision for yourself and your spouse in your later years. Striking this balance calls for considerable skill and foresight – and a detailed knowledge of the tax regime – something that the experts at DNG Chartered Accountants have been developing for several years.
We provide a discrete estate planning service that includes:
Trusts are a relatively easy and tax efficient way to set aside assets for future beneficiaries outside of Inheritance Tax. We can advise on the most suitable type of trust for your purposes, set up trusts, and provide a full range of accounting services for trusts.
All enquiries by HMRC should be taken seriously. DNG Chartered Accountants has dealt with tax investigations at all levels and know that the involvement of a specialist at the right time can be crucial.
DNG Chartered Accountants offers a fee protection service that, for a modest annual subscription will cover the cost of our fees in defending you and will give you peace of mind should the tax man come calling.
"I have had nothing but a positive experience over the past 5 years from DNG. This tax year they have been particularly fantastic at saving me a considerable amount of money and advising on future payments. Their fees are probably the best money I spend every year. I’ve been asked for their details from 2 friends and family as a result. I would thoroughly recommend them as not only do they get good results, they are very easy to work with."
"We have been very impressed with the service we have received from DNG since outsourcing our payroll at the start of 2017. Our payroll/auto enrolment is not straightforward. Not only do DNG deal with the pension complications effectively and efficiently each month, they also identified errors we made in earlier years enabling us to recover nearly £4,000 of overpaid National Insurance contributions. We are pleased to recommend DNG, and their payroll team in particular, for their professional and diligent approach to providing their services to us."
"DNG provided us with invaluable advice and support as we negotiated our way through a recent MBO. They were super responsive and patient with our never ending questions and queries. I wouldn’t hesitate to recommend their services to other small businesses."
"Halcyon has been with DNG since 2000. In that time they have become an integral part of our business success. Not only do they provide the statutory auditing services but they have become our "Critical Friend" - offering advice and guidance at crucial stages of the Company's evolution and development. It's hard to imagine not having them there.
We are delighted with the quality of service they provide - always professional, always timely and always valued.”
"Jones Wholesale have been clients of DNG’s payroll facility for many years and would not think of changing to any other option. The consistency of service received is extremely reassuring and the staff I have experienced have always been efficient and a pleasure to deal with.
To know that calculations and reports will always be accurate and timely is of paramount importance to me and their knowledge and advice on personnel and tax/benefit matters has proved particularly valuable."
"The British Institute of Non-Destructive Testing (BINDT) has used DNG’s services for over 25 years. DNG are active participants in the day-to-day function of the Institute’s Finance and Accounts department.
BINDT is reassured in the knowledge that the staff at DNG are always on-hand with viable solutions and dependable advice for any financial query passed their way.
DNG provide outstanding payroll and budgeting support to BINDT and are consistent in preparing for and providing a thorough audit of the Institute accounts.
The support and services BINDT receives from DNG are second-to-none."
"iSAMS have been working with DNG since 2008 and they were not only chosen on the basis of their excellent reputation locally but also on their expertise in our particular area of activity.
DNG are our ideal partners and have helped us maximise on the exciting growth our business has seen during its infancy. We particularly value the on-site and personal service provided by the Management Accounting and Systems Support team.
We are more than delighted with the services that they provide and would strongly recommend DNG to any company or individuals seeking very professional and friendly advice."
"Barton Petroleum Ltd have been using DNG’s payroll services for many years now and value highly the confidential and personal service which they deliver. Their speedy and efficient resolution of complex queries is particularly appreciated.
DNG represent excellent value for money at a time when all forms of expenses are under the microscope and I would have no hesitation in recommending them as an outsourced bureau."
"DNG’s approach and conscientious attitude have been invaluable to my business and I could not have done without their expertise. Knowing the payroll for my employees, at the Tattoo Club is in safe hands has allowed me to concentrate on other issues within my business.
I pass on my sincere thanks to them and hope that we will continue our business association well into the future."