Online Accounting Services in the UK
We offer online accounting services for small, medium and large businesses, as well as for individuals, at affordable fees starting from £20 per month.
Accounting Services
Year-End Accounts
Statutory accounts, also known as year-end accounts, are a set of financial reports prepared for a specific time and completed at the end of each financial year. In the UK, all private limited companies (“Limited” or Ltd), public limited companies (“Plc”) and limited liability partnerships (“LLP”) companies are required to prepare statutory accounts.
A statutory account does not include every last bit of detail, such as unique expenses or invoices. Instead, it is produced to form a statement of the company’s overall spending.
Statutory reports offer an invaluable overview of business finance. They help the business owner understand daily operational costs by showing the profit that includes all adjustments made at the end of the year, deductions, taxes, payroll, etc.
Accounting Services
Management Accounts
Management accounts are not mandatory and do not need to be completed to official time frames or deadlines, only those stipulated by the business. They help plan for the future, allowing you to adjust the direction your business is taking based on specific successes and failures.
Management accounts are an invaluable resource when it comes to choosing a strategy and direction.
Unlike statutory accounts, they do not need to follow specific layout and are much better at providing forecasts and planning for the future. These statements can be tailored to specific time frames and types of income / expenses in order to improve future income and expenses.
Accounting Services
Bookkeeping
Bookkeeping is the daily recording of financial transactions and information related to a business. It ensures that the records of individual financial transactions are correct, up-to-date and comprehensive. Accuracy is therefore crucial to the process.
As bookkeepers, we help our clients be aware of their current financial position, as well as the transactions that occur within the company.
Accounting Services
Payroll, CIS and Auto-enrolment
Payroll is the process of paying salary to a company’s employees. It starts with preparing a list of employees to be paid and ends with recording those expenses. At Dianel & Co we take care of every stage of this process.
The Construction Industry Scheme (CIS) is a scheme that works by contractors taking money from their subcontractor’s wages in order to cover their tax and National Insurance contributions.
CIS is important for the construction business, because it protects construction workers from being employed illegally and taken advantage of. The types of work that are considered ‘construction’ include:
- Groundwork
- General building (bricklaying, plastering and so on)
- Alterations, repairs and decorating
- Building demolition and dismantling
- Installing systems for heating, lighting, power, water and ventilation
- Cleaning the inside of buildings after construction work
CIS does not apply to certain jobs, including:
- Architectural services
- Surveying
- Carpet fitting
- Scaffolding hire (with no labour)
- Delivering building supplies and materials
- People who work on construction sites but are not part of the construction industry (canteen workers etc.)
Auto enrolment is a government initiative under which employers in the United Kingdom are legally obliged to establish a pension at work, to include all their qualified employees in it and to contribute to their pension savings.
To qualify for auto enrolment, you must meet certain criteria:
- You must be aged between 22 and state pension age
- You must earn more than £10,000 from that job
- You must work in the UK
Contact us now for more information.
Accounting Services
VAT
Value added tax (VAT) applies to the purchase price of certain goods, services and other taxable supplies that are bought and sold within the UK. It is consistent with, but now distinct from, the system of VAT that operates within the European Union. There are 3 rates of VAT chargeable in the UK:
• The standard rate charges 20% and applies to most goods and services
• The reduced rate charges 5% and applies to some goods and services such as home energy, children’s car seats, residential property conversions, etc.
• The rate charges 0% and applies to most foods and children’s clothing
You must register for VAT if your taxable turnover exceeds £85,000 in any 12 months period.
At Dianel & Co Accounting Solutions, we will guide you through the entire registration and accounting process afterwards.
What we Do
Individual & Business Accounting Services
Personal & Business Taxes
From personal income tax returns to business tax preparation services, we work hard to minimize tax liabilities for all of our clients.
Bookkeeping
We know how important accurate bookkeeping is. It’s vital for the health of your business, and it can keep costs down.
Company Secretarial
We combine our skills and experience to give you timely and cost-effective company secretarial solutions.
Why choose us
Efficiently Delivering Our Full-range Accounting Services
Experienced
After many years of expertise in the accountancy field, we pride ourselves in delivering the best possible solution to our clients.
Professional
We are licensed & regulated by the Association of Accounting Technicians to engage in public practice in accountancy, taxation and consultancy.
Trustworthy
Our clients are like family. The main focus of our work is to have a personal approach combined with skills and experience.
Flexible
Our accountants are happy to meet at a day, time and location most convenient to you, with no obligation to you.
What Our Clients Say About Us
Client Testimonials
Zornitsa Davies28/02/2022I have used their services for over 10 years and I can’t recommend them high enough. Professional, friendly and absolute pleasure to work with.
Julian Build uk22/02/2022Really happy with all the services provided , quick response all the time , reliable and friendly.5 star feedback .
Nikola Iliev19/02/2022Incredible accounting company! There for you to help and support you whenever needed. Highly recommended!
Anna Hlyostarova19/02/2022Brilliant accounting services! Very friendly, responsive, accessible and reliable! I cannot recommend them enough for their professionalism!
Campioni Events10/02/2022This is my first year working with Dianel Accountants and I can’t recommend their services highly enough. Nellie is our account manager and she is not only super organised but personable too. Totally took all stress out of submitting our tax return.
Plamen Nikolov10/02/2022I've worked with Dianel & Co Accounting Solutions for several years now and I'm so relieved that I handed my accounts to them. The process was made easy, quick and stress free. In addition they always responded to any questions I have promptly and professionally plus offered advice when I've asked for it. An excellent quick and friendly service, is reliable, knowledgeable, supportive and always there if you need them! Highly recommend!
Lyu Georgiev09/02/2022The team showed great professionalism and worked with attention to detail. I felt like I was a valued customer and found their advice trustworthy and the communication great throughout.
Svetoslav Mihaylov09/02/2022Totally professional service. Recommended.
Roza Sokolova09/02/2022Highly professional services. I am happy to have them as my accountants.
Danail Karaivanov09/02/2022Excellent accountancy services. I use Daniel & Co. Accounting Solutions services not only as an individual, they manage my company accounts too. Very professional and informative.
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We’d Love to Hear from You!
From preparing tax returns and year-end financial statements to tax-reduction strategies and ongoing financial and business planning advice, we are ready to help. Affordable fees starting from £20 per month.