Accounting Activities in Newcastle-upon-Tyne
2a St. Marys Green
Newcastle upon Tyne
Tyne and Wear
Monday to Friday: 9am - 5pm
Saturday to Sunday: Closed
BM Dodds were established in 1982 to provide a complete service to individuals, partnerships and small limited companies. Whether you are an individual requiring a basic tax return to be completed or a sole trader / partnership /small limited company (under 6. 5m turnover) requiring accounts and tax returns, all can be accommodated.
CIS subcontractor's tax returns can be prepared and submitted online.
A complete payroll service is available to provide payslips for employees and all necessary forms filed online with HM Revenue and customs including year-end P60's and P14's.
VAT returns prepared (from original invoices or books of account) and submitted online to HMRC.
Limited company and LLP forms filed online with companies house.
Our specialist BACS accredited payroll service is a cost-reducing outsourcing option that gives you complete peace of mind while freeing up management resources that can be re-invested in other parts of your business.
Our Outsourced Payroll Services include:
Calculation and amendments
Calculation of statutory payments for sickness, paternity and maternity leave
Processing of overtime, commissions and other payments
Administration of student loans, pension contributions and all attachment orders
Stationery and forms
E-filing and banking
Access to our helpline
Extra Benefits of Outsourcing Your Payroll include:
No payroll security problems.
No need to keep up to date with new legislation.
Your employees receive a fast and efficient service.
No need to deal with HMRC, Department of Work and Pensions or mortgage applications.
A seamless operation ensures HM Revenue and Customs always has the information it needs and that employees are paid correctly and on-time - every time. Because we employ dedicated professional staff, we meet all our clients' needs while establishing lasting relationships.
Our technical expertise is complemented by commercial awareness and sector-specific knowledge that means we can present your accounts and annual report in a way that creates a positive image of your business.
The format of accounts and the interpretation of financial reporting standards are exacting and complex. Our partner-led teams will ensure that your accounts comply with all current requirements. Advanced software ensures that the process is highly efficient so that we spend more time interpreting the results and less on processing the numbers.
This enables us to identify potential problem areas and spot potential opportunities to improve your business performance.
Entrepreneurial start-ups are vital to the success of the broader economy, generating wealth and creating job opportunities.
Yet the gutsy, enterprising spirit that gets many businesses off the ground is not enough without solid commercial foundations and strong financial management.
Most new businesses start with an individual who wants to develop an idea and the most difficult stage is turning this initial concept into a viable business. This means you need the support of an accountant, a commercial solicitor, and a bank.
We take a hands-on approach to making sure your venture is set up on a sustainable footing with no nasty surprises further down the line.
We offer practical advice from experienced specialists on an array of areas including strategic planning, book-keeping, income tax, self-assessment, VAT and national insurance, pensions, management accounts and payroll services.
We believe a sound relationship is essential from the outset and one of our first tasks is to evaluate the most suitable structure for your particular business - sole trader, partnership or limited company.
Whichever route you go down, we will liaise with both your bank and solicitor where formal documentation or deeds are required, as well as establishing contact with various tax offices covering income and corporation tax as well as PAYE, national insurance and VAT.
For businesses that opt for limited liability status, we carry out the company formation process, dealing with all necessary registration matters, and leaving you free to focus on driving your business forward.
Demands around corporate tax compliance are increasingly complex in today's changing regulatory environment.
There are growing regulatory and professional business risks for those companies who get it wrong. The revised penalty regime makes mistakes more costly with potentially higher penalties. Additionally, HMRC has adopted a more system-based approach to compliance rather than substantive review. With the enhanced focus on the tax compliance process companies need to ensure that their tax processes are robust, accurate, and reliable.
The introduction of mandatory e-filing for computations and accounts is driving process change. Existing in-house solutions such as Microsoft® Office Excel computations and Microsoft® Office Word statutory accounts must be improved or replaced. E-filing will enable Companies House and the HMRC to streamline the tax return process and increase emphasis on benchmarking and more numerical analysis of a broader range of data submitted.
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