Welcome to the fourth blog in our series for new start up businesses. To read earlier blogs in the series click here.
Starting a new business can be both an exciting and somewhat daunting time. There is often so much to do and to think about and it can become slightly overwhelming. Most people who start-up in business do so because they have a good business idea. They often also have the enterprise and commitment to see it through. They are usually not experts in the legal, financial and fiscal aspects of running a business.
So getting a good accountant on board from the start can be a great help in making your business successful, as well as saving you time and money. There are a number of services and benefits an accountant can provide to you and your business – it’s not just book-keeping and calculating your tax liabilities.
Here at DNG we don’t just help clients with their taxes, we also offer business advice and support which can be invaluable to new start-ups. Bring us your business ideas and we’ll help you to evaluate them in a constructive and realistic manner. We can also assist you with business planning and ideas on how you can grow your business and maximise its worth.
Being a business owner can be a lonely place to be. Having advisors that can act as a sounding board to discuss your worries, plans or business challenges can be a huge help. Particularly when you are just starting out. All of our partners are business owners themselves. So they can not only offer you their financial experience but also their commercial experience. Click here (link) for further details on the services we provide to start up businesses.
We can help you implement good accounting systems from day one. Saving you time and allowing you to keep on top of your finances. Our team includes experienced certified advisors for Xero, QuickBooks Online and Sage Business cloud accounting software. We can get you set up, provide training and on-going support. This will ensure that you and your staff are fully equipped to use the software. Getting the right accounting systems in place from the start can really save you time and money in the long run.
There are a number of benefits to using a cloud based system. The software pulls together all of your data and creates accurate and tidy records which is key in business. It’s an online system so you can login and view or update records from anywhere you can connect to the internet. The software can be connected to your bank to automatically import your bank statements. Saving you time compared to manually entering the data. It also means that both you and your accountant can keep a close eye on your finances in real time. For more information on cloud accounting click here.
Finally, what accountants are known for – Tax! You could manage your tax and finances yourself but this can be confusing and takes up your valuable time. Instead why not leave it to the experts. A good accountant will be aware of all of the various tax rules and regulations as well any changes or updates. Having a good accountant can save you money as well as time. For example, did you know some very small start-ups can benefit financially from voluntarily registering for VAT?
By understanding what you are striving to achieve your accountant can advise you in advance on many areas including the best ways to structure your business; purchasing business assets; remunerating you and your key people.
Our Service at DNG
Hiring an accountant during the early stages of setting up your new business can really be a benefit to you. Saving you time and money in the long run whilst also providing you with valuable business advice. Also when it comes to tax you can leave it to the experts while you get on with the important task of running your business – which is your expertise.
Visit our website for details on the services we offer, including those for new businesses, and read testimonials from our existing clients. Contact us today to discuss how we can support you in your new business venture.
This blog is part of our series on start up businesses we will be running further articles on topics important to new business owners over the coming weeks.
"I can't praise DNG and Katie enough, I was already convinced I wanted to go ahead with the QuickBooks set up so on the initial visit Katie just gave me a tour of the site and showed me exactly what to expect. Katie gave me confidence, allowed me to have a 'play' with the programme while she was with me giving hints and tips. I felt totally at ease with Katie almost immediately and I have had occasion to email a couple of queries and have found the response timely and very helpful. I would definitely recommend DNG and QuickBooks."
"With the help and advice from DNG I have now had Xero installed for my accounting purposes. Although this was a worrying prospect for me I have to say that Xero is very straight forward and easy to negotiate. Everything was set up and geared for our purposes and has been a very positive experience. In the event that you require help the explanations and instructions on the help bar are brilliant and written in layman’s terms.
I don’t think I would have progressed so well without the help and support of Jo and Sarah from DNG. They put everything in place and guided me through all the procedures and gave me confidence. So much so that within two months I had ditched my manual accounting books and am doing everything on Xero. Its great to always have someone to ask even this silliest of questions at the end of the phone or emails! Thank you Jo and Sarah!"
"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."