Strong compliance will enable your business to fulfil even the most stringent statutory obligations and satisfy a comprehensive array of regulations. It also drives risk mitigation and becomes a key driver of strategic business initiatives.
If you are in the Construction Industry, chances are you have registered for HMRC's Construction Industry Scheme (CIS). This may sound like a burdensome task, but don't worry, our CIS accounting and bookkeeping services are specifically designed to streamline the whole process for contractors and sub-contractors.
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Preparation of your year-end statutory accounts for your business can result in a massive amount of stress, but no more! DSK takes the responsibility of preparing and submitting your annual statutory accounts to Companies House and HMRC along with your company tax return. Our clients, irrespective of the size of their business, trust us to handle their statutory accounts seamlessly and efficiently every single time.
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Whether you are a sole trader, a partnership, or a limited company, you must be aware of the money paid in and out of the business during the financial year so you can plan future expenditures to aid your growth. DSK analyses your income and expenditure from cash books, CIS statements, invoices, bank statements, chequebooks, and receipts to show you the profits/loss for the year, tax computations (where applicable) and information you need to submit your tax returns to HMRC.
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Preparing management accounts is an integral part of running your business effectively. Our expert team has long-standing proficiency in preparing management accounts and reports for businesses and organisations across diverse sectors irrespective of scale or size. We ensure our reporting allows you to gain key financial insights to make ROI-driven decisions.
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Recoding your invoices, producing your VAT returns, preparation cash-flow statements and more is critical, yet tedious and time-consuming. Our skilled and experienced bookkeepers will handle all your bookkeeping tasks, leaving you to focus on what you do best. At DSK we are experienced in managing bookkeeping for a variety of businesses and are familiar with various cloud and desktop accounting software packages.
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As a limited company, you will need to comply with a range of statutory obligations associated with forming a company which includes registrations, restructurings, corporate conduct and share schemes. Failing to comply with the administrative, disclosure, and filing requirement of the Companies Act 2006 can lead to penalties and even criminal prosecutions and this is where our company secretarial services come in to help.
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DSK's Company Formation Services mean you will spend less time filling in the paperwork and more time focusing on setting up and running your business. We manage all the legal and financial aspects for you, right from registering your new company with HMRC, setting up a PAYE scheme, registering for VAT (where relevant), preparing a business plan and forecast and helping you with the administrative tasks of running your business.
Learn MoreHave questions regarding compliance and how you can ensure the best compliance for your business? We have the answers for you.
Compliance is critical to organisations because it means they are adhering to specific government regulations that cover their business/working processes. Failure to do so can be a criminal offence. Compliance has also become an integral component of an organisation’s corporate social responsibility wherein a company can be judged on the basis of its ethical or moral value. Compliances encompass various areas of business, e.g. GDPR, is all about data security, while there are many other legal, tax and finance and accounting compliances that an organisation must meet in order to be regarded as an entity fully compliant with all government rules and regulations.
Compliance services are a must-use because meeting most compliances is a daunting task and you need to meet all the rules and regulations defined under the relevant regulation to the last letter. There can be no compromise because any mistake can cost you a hefty penalty and tremendous reputation damage. What’s more, understanding all the rules that encompass any compliance can be a complex exercise. Hence, you must work with compliance experts who can help you meet all the requirements seamlessly, in a planned and non-disruptive manner.
Achieving regulatory compliance is an important aspect of corporate strategy. Achieving compliance is a strategic activity but there are various challenges. The primary challenge is the evolving nature of compliances wherein new rules are being added to existing compliances. In such cases, it becomes difficult to keep on top of these changes and adopt them quickly and efficiently. Another key challenge is compliance monitoring and reporting, wherein organisations find it difficult to know whether the controls and protocols set in place to achieve particular compliance are functioning smoothly.
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