Business accounting

We want to help you maximise the financial success of your business, but understand every business is different. We therefore spend time gaining a thorough understanding of you, your business and future plans before recommending the right levels of advice, support and services.

Business accounting services

The services we suggest always take into account both your short-term and long-term objectives and are tailored to your specific needs.

We guarantee to support you every step of the way with a choice of services designed to improve business performance and profitability, whilst meeting all the necessary compliance requirements.

 

Business Tax

The David Owen tax team has a wide range of skills and experience designed to deliver tax-efficient opportunities for your business. We will help you minimise your tax exposure, deal with all compliance issues and allow you to focus on building a strong and healthy business.

With company tax legislation continually shifting and evolving, we can provide on-going professional advice and support to help you maximise your business tax planning opportunities.

Audit

Our experienced  audit team has a wide range of audit tools, resources and skills designed to deliver high quality and timely annual audits for your business. We see audits as an opportunity, not an overhead, as they add value to your business by providing you with a powerful management tool to review your current and future plans.

Our audit approach focuses on understanding your organisation and concentrates on the key business and financial risks it faces. Our comprehensive risk assessment with diagnostic processes and audit testing procedures ensure that your audit is tailored to meet your needs.

Payroll

Our payroll team has the knowledge, skills and expertise to manage and administer your business payroll, including auto-enrolment obligations, leaving you time to concentrate on the running of your business. We process the payrolls for a wide range of clients and can pay on a weekly, fortnightly, monthly or quarterly basis and on a specific date or day of the week or month.

As a registered BACS Bureau, we can make payment of salaries to employees, send PAYE and National Insurance contributions HM Revenue & Customs and submit pension contributions to Pension companies via our BACS system.

VAT

Our VAT team has a wide range of skills and experience designed to deliver efficient VAT services to your business. VAT affects most businesses and due to the increasing amounts of regulation, can be confusing.

By outsourcing your VAT work to our team, you and your business will benefit from having an effective and timely solution, as well as saving valuable time and resources.

 

Year end accounts

We provide comprehensive, cost-effective and timely end of year accounts and self-assessment returns for all types of clients including: sole traders, partnerships, limited companies, trusts, clubs and not-for-profit organisations.

As well as ensuring that you comply with HM Revenue & Customs regulations, and helping you minimise your tax liability, a well-prepared set of accounts can be vital in helping you assess the performance of your business and optimise future plans.

Bookkeeping

Our bookkeeping team provide a service tailored to your needs and are experienced in both manual and computerised bookkeeping systems including: Xero, Sage, QuickBooks, FreeAgent and KashFlow.

Delivering support both on or offsite, we provide accurate and timely bookkeeping and management information allowing you to focus fully on the running of your business.

Management accounts and support

Our management accounts team is experienced in the production of timely and reliable financial information tailored to your business’ needs and requirements, which allows you to make informed decisions affecting the direction of your business.

We can prepare your management accounts and provide management support on a monthly, quarterly or six monthly basis, either on or offsite. The accounts can provide a comparison to previous periods, as well as to budgets, if available, and using this information we can help you monitor and improve your business performance.

Cashflow forecasts

Our experienced cashflow forecast team can produce reliable financial information to allow you to make informed and timely decisions affecting your profitability.

We can prepare your cashflow forecast for the weeks, months or years ahead allowing you to see the cash shortfalls and plan for them by reducing stock, minimising costs, maximising sales volumes or margins or securing additional financial support from your bank or other potential investors.

Cloud accounting

Cloud accounting, with bank-level security, gives you the ability to access and update your accounts and finances anytime via the Internet. We support various online accounting solutions such as Sage, QuickBooks, FreeAgent and KashFlow and are also certified advisers for Xero. Xero is user-friendly and allows you to understand your financial position at the click of a button. For more information about Cloud Accounting, please contact us.

Company secretarial

Our company secretarial services team will ensure that your business complies with all standard financial and legal requirements as legislated by the Companies Act 2006, including company formation, provision of registered office facilities, preparation of annual confirmation statements and maintenance of statutory books and records.

Business protection service

In addition to random checks, HM Revenue & Customs are proactively targeting businesses using sophisticated software that looks for discrepancies. Our fee protection service gives you peace of mind that if they enquire into any of your returns we are there to work with you to resolve any queries as quickly as possible and mitigate any additional tax due. We will deal directly with HM Revenue & Customs on your behalf, so you can focus on running your business.

The business protection service also gives you access to:

  • Employment law specialists, providing pro-active HR advice, helping you to manage your employees
  • Commercial legal consultants and experienced solicitors who will advise you on all areas of law, including: contract, corporate, property and landlord & tenant
  • Health and Safety support

What our clients say about us

"David Owen have been our family’s accountants since 1961. Welcoming, approachable and easy to deal with, their tailored tax and investment advice has proved invaluable. What sets them apart is their efficient, timely and flexible service, together with an ability to keep everything simple. This allows me to concentrate on running my business, safe in the knowledge that they are dealing with my finances in the best possible way."
Richard Barnes-Gorell, In-Tuition School of Motoring
"We have been clients of David Owen for over 40 years. We continue to be impressed with the quality of the advice and service that we receive. Their staff are always there when we need them, dealing quickly and effectively with any questions or queries that we may have. Overall we believe that their knowledge and expertise has been essential in guiding us along the right path to continued business success."
Joyce Dobie , Dobie Wyatt Limited

Relevant insights

Business accounting
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Get in touch

Choosing the right accountant to help you with your business finances is an important decision. We understand this and take time to talk through our approach so you can decide whether we are the right partner for you.

Please contact us for a no obligation initial conversation.

Contact Us