Dundas | Gallagher will meet all your statutory requirements whether you are a sole trader, partnership, Limited Company, LLP or a not-for-profit organisation. We are experienced in working across a wide range of industries throughout Northern Ireland, Republic of Ireland, United Kingdom and further afield. In order for businesses to have the necessary information available to make critical decisions around purchasing, staffing and finance, it is highly beneficial to have up-to-date financial information. We prepare and review management accounts for many of our clients enabling us to take a proactive approach to business and tax planning. We aim to provide you with the peace of mind that all your affairs will be dealt with competently, professionally and as cost-effectively as possible whether you require a tax return, business accounts or a company audit.
Dundas | Gallagher is registered to carry on audit work with Chartered Accountants Ireland. If your company meets the statutory criteria (turnover, gross asset value and staff numbers) then you are obliged to have your annual accounts audited. Charities and not-for-profit organisations have different thresholds which require either a full external audit or an alternative assurance service. We provide an independent audit function designed to provide assurance that your financial statements are free from material misstatement and are in accordance with relevant legislation and accounting standards. We adopt a risk based approach to audit to provide an efficient and cost effective service with minimal disruption to your daily activities. Many of our clients use this legal obligation to add value to their business taking the opportunity to review business systems and controls, company structure and perform detailed tax planning.
As a business owner or an individual, it is important that you are aware of your tax obligations. At Dundas | Gallagher we assist our clients in identifying their various responsibilities, including in relation to activities outside the UK, and ensuring that all requirements in relation to the various taxes are dealt with in a timely and efficient manner. We aim to offer cost-effective solutions to ensure you meet your statutory requirements, minimising the cost of compliance while dealing with any disputes, appeals and investigations. This includes:
Personal and Corporate Taxes
CIS / RCT
Capital Gains Tax
Many of our clients trade outside the UK, in the Republic of Ireland and further afield. We advise all clients to consult with us regarding activities outside the UK as there are different obligations when working across various tax jurisdictions.
Building and retaining wealth is a key focus for most owner managers. At Dundas | Gallagher we strive to help our clients achieve these goals through innovative and pro-active tax planning. Effective and timely planning can ensure that you and your business are in a position to optimise your overall tax position.
Successful tax planning is dependant upon the specific requirements of your business and your personal circumstances. We encourage all our clients to keep us informed of any business or personal developments to allow us to take a proactive approach to minimising future tax liabilities.
Some businesses may require more assistance than others. Whether it is assistance with management accounts, payroll, VAT, company secretarial, expense control, forecasting or general advice and support, we have developed a range of services that can complement your in-house expertise.
Business Plans and Startups
Thinking of starting your own business? At Dundas | Gallagher we are committed to helping entrepreneurs develop their ideas into profitable businesses. It is essential to consult early in the process to ensure you have the appropriate business structures and finance in place, while taking advantages of the various tax reliefs and grant funding available. We regularly assist in the establishment of new businesses and preparation of business plans.
Business Finance and Restructuring
At Dundas | Gallagher we have significant experience in relation to business finance and restructuring. Whether you are starting a new business, looking to expand your existing operations, undertaking a new line of work or looking to free up capital within your existing business, we aim to work with you to identify and facilitate your funding requirements.
Research and Development (R&D) Tax Credits
R&D tax credits are a valuable government tax incentive created to reward companies who try to achieve something innovative or technically challenging. Their goal is to reward past and encourage future R&D spending, benefitting the industry and the economy. Companies in any sector with qualifying expenditure can take advantage of these generous tax reliefs by either reducing tax liabilities or through a cash rebate. At Dundas | Gallagher we work alongside companies to identify and quantify relevant expenditure with a view to submitting a claim. We can offer this service as a stand-alone engagement and are happy to work alongside your existing accountant if required.
Are you ready for Making Tax Digital? The deadline is getting closer!
The Making Tax Digital (MTD) deadline is getting closer. From 1 April 2019, all VAT-registered UK businesses above the VAT threshold will need to keep records digitally and submit VAT returns to HMRC using MTD-compatible software. Over the coming months, we will be working to make sure all of our clients are on the right software and ready for MTD. This is the first stage in the most significant overhaul of tax administration since the introduction of self-assessment and it is critical that your business is MTD compliant by the relevant staging date. If you are unsure of your obligations surrounding MTD, please contact us as early as possible!