Services
Accounts
Bookkeeping
Business Planning
Cash Management
Full Business Support
Monthly Management Accounts
Payroll
Profit Improvement
Statutory Accounts
Taxation Services
Accounts
Accounts are financial reports that are based on bookkeeping records. Accounts can be completed monthly, quarterly or annually. Most businesses will have their accounts completed on an annual basis to comply with their obligations to HMRC, and Companies House within the required critical deadlines.
We also find that many businesses benefit from our Management Accounting Service, which produces Monthly or Quarterly Accounts, giving immediate advice on your business strategy, identifying, the strengths and weaknesses within in the business, whilst providing information which will lead to opportunities and sustainable growth .
At Dimmick’s we complete a fully compliant and detailed set of accounts for all of our clients including a profit and loss, balance sheet and supporting notes.
A complete and accurate set of accounts is beneficial for all businesses because they show a true picture of the businesses financial position and ensure that the correct amount of tax is calculated for payment to HMRC
Bookkeeping
The term ‘bookkeeping’ means keeping a record of your business transactions on a spreadsheet, software package or in accounting books. HMRC require all businesses to keep accurate and up to date records including details of sales, purchases and expenditure.
Business owners can complete their own bookkeeping or outsource it to a bookkeeper or accountants such as ourselves.
We can provide our clients with the information they need to complete their own bookkeeping and can provide a spreadsheet or a software package depending on the client’s requirements. Alternatively we can offer an accurate and efficient bookkeeping service for our clients for a low cost monthly fee.
Business Planning
All businesses should have a business plan, whether that is growth, stability or rescue and recovery. We can help, by understanding the business itself, the products that you sell, and your customer base.
Business plans are also regularly needed to support finance applications, especially bank lending.
We can assist with all aspects of the business plan including…
All business plans should be monitored and the actual results regularly compared to the plan. Action can be immediately taken to ensure that the Business plan objectives remain on target.
Cash Management
Cash is the life blood of any business and some of the most profitable companies have been failed due to lack of cash. Profit is not profit until it is paid for.
– Turnover is vanity
– Profit is sanity
– Cash is reality
Successfully managing cash is an essential skill and critical for all business. We can provide expert assistance in this area from Cash Management Planning to our trusted Cash Collections Agency.
Wisely managing cash enables a company to meet unexpected expenses in addition to handling regularly-occurring events like payroll.
Full Business Support
We understand that all businesses require a multitude of Services, such as IT , Employment Law, Debt Recovery Marketing etc.
We can provide expert advice to assist in all areas of your business through our Network of Trusted Partners.
This service will benefit
- Business owners that have little Business support
- Businesses that require a full review of their Business.
Additional external input can generate great ideas.
- Helping you focus on working ON your business, not IN the business;
Monthly Management Accounts
Monthly Management accounts are a very useful tool to ensure that your business plan will achieve their business objectives. Management Accounts are up to date accounts which is used to make proactive management decisions, enabling corrective action to be taken immediately.
We can give you the critical Performance indicators, to make your business succeed and this will also simplify the Management of your business. Such as the sales required to break even, your net and Gross Profit, Labour to sales ratio, showing how much sales each employee is generating .Each business will require different criteria and we can tailor this to your needs.
The Management Accounts will also give up to date information on your debtors and also accurate VAT and PAYE Liabilities. We can also estimate your Corporation Tax Liability and plan to reduce your Tax charge at the year end.
Our specialised team can help you take advantage of this detailed approach, and this also gives us a better understanding of your business. The strengths and weakness and how we can help you drive your business forward.
Payroll
Payroll can be time consuming and complicated, particularly with the ever-increasing complexity of taxation and employment legislation.
There is an increasing burden on business to comply with these issues and non-compliance can lead to substantial penalties. We can prepare payrolls for businesses with 1 to 200 staff. Our service is comprehensive and confidential and includes:
Even if you only have a few employees, you will make savings by engaging us to administer your payroll.
Profit Improvement
Income, available funds and ultimately some form of profit – these are essential if an organisation is to pursue its objectives, lower risk and meet the aspirations of stakeholders.
For an enterprise to be sustainable, it must be capable of generating and controlling cash flow to create a surplus.
Dimmick’s profit advisers can work with you to fully review cash and profits in your business, considering each component and its impact on the company’s objectives.
We’ll help you to refresh your business model, test key assumptions and seek opportunities for profit improvement through:
‘Profit improvement’ is a key component in the Dimmick’s Accountancy business ethos with a structured approach that reviews the fundamental criteria of your business.
“Let’s put some processes in place to provide ongoing meaningful information”
Statutory Accounts
We can assist you in your Internal Accounting Systems, which will keep your accountancy costs to a minimum, by working with you to improve your records, and paper trails.
A Bookkeeping service is available on request.
We will ensure that your accounts are prepared on time, accurately and your tax liability is correct.
We are continually looking to add value to your business, allowing you to work ON the Business and not IN the business.
We will ensure that our relationship is both friendly and professional and we will put your mind at rest knowing that your accounts are fully compliant.
Taxation Services
Our taxation staff will help you complete all relevant tax returns ensuring compliance with tax legislation whether you trade as a Sole Trader, Partnership or Limited Company.
We always encourage clients to have an up to date tax position, this will assist us to minimise your tax exposure but effective corporate tax planning can result in significant improvements on your bottom line. Tax planning is an integral part of our service and is beneficial to all customers.
HMRC investigations are becoming more frequent and we will be able to discuss your affairs with them on your behalf.
For peace of mind we can provide you with cost effective insurance to cover additional professional fees.
