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Sumit Agarwal CIMA/ ACA (India) Founder & Managing Partner. DNS Accountants.
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Sumit Agarwal CIMA/ ACA (India) Founder & Managing Partner
DNS Accountants We are also specialists in limited company accounting, tax advice, tax investigation, tax planning, and accounting services. All partners and senior staff members of the DNS team are either qualified professionals or members of professional accounting bodies. • DNS Accountants - DNS is an award winning national tax-planning and accounting firm . Experts in working with owner-managed businesses, freelancers, and contractors, DNS has been thriving in the market since 2005 and has served thousands of clients.
About Sumit Agarwal Sumit Agarwal, Managing Partner of DNS Associates, is a highly respected accountant with expertise in helping owner-managed businesses. Being qualified as a Chartered Accountant in 2002, he has since helped hundreds of owner-managed businesses to prosper, showing them how to manage financially the challenges of growth. Sumit, a winner of the Young Entrepreneur of the year Award (2012) organised by the Indo British Business Forum at the House of Commons by Cabinet Minister Eric Pickles, has recently developed one of the most exciting new accounting software packages for the industry, NOMISMA, which he is working hard to promote to UK Businesses. ACA/ ACMA Qualified / Chattered Accountant
Customer Reviews This is a small note of appreciation for the hard work your team is doing to support my company operations. I particularly appreciate Abdul's efforts and speed, in this connection. Initially I was missing Vasile, a very good guy. However Abdul has nicely managed himself in this role of portfolio manager. Well done and keep it up. Subba Vichag Limited To be honest when Ashok left, I was not sure how Ankit will handle my accounts as I had never interacted with him, but I must say he has exceeded expectations, his promptness to resolve my query is second to none. RahulSisodia Apex Software Solution. Ltd • Testimonials
Are you aware of the changes in Dividends from April 6th 2016 onwards ? You’ll pay tax on any dividends you receive over £5,000 at the following rates: 7.5% on dividend income within the basic rate band 32.5% on dividend income within the higher rate band 38.1% on dividend income within the additional rate band
SDC ( Supervision , Direction & Control on IR35 ‘SDC’ is not just going to become a reality for contractors’ expenses from April; it’s also on the cards as a way to reform IR35. That’s on top of its incorporation into the existing agencies’ legislation where it is used to outlaw ‘false self-employment. At DNS Accountants we have IR35 experts who can guide you on the same.
SDLT on Properties On a property costing up to £125,000 you will pay 3%, rather than 0%. On a property costing £125,000 – £250,000 you pay 5%, rather than 2%. On a property costing £250,000 – £925,000 you pay 8%, rather than 5%. On a property costing £925,000 – £1.5m you pay 13%, rather than 10%. On a property costing £1.5m+ you pay 15%, rather than 12%.
SDLT on Properties From 1 April 2016 anyone buying a second home for any reason will pay a higher rate of stamp duty than someone buying a property which will be their main home. What counts as a second home? Anything other than your main residence – it could be a holiday let, a property bought as an investment or somewhere you are helping another family member to buy. This surcharge will also apply even if the main home you currently own is overseas. If you buy a second home then you will pay the duty on any property costing £40,000 or more. For each tier you would pay a rate three percentage points higher.
Buying Properties from the company ? Contractor’s Question: Should I buy a property through my limited company, as I hear that in certain circumstances it can be cheaper from a tax standpoint than purchasing it using my personal name? Expert’s Answer: Whether or not to invest in a property through your limited company needs carefully consideration. Certainly you can do this, but whether it is tax efficient is an important question to ask before you do anything, particularly if you are tipping the higher earning bracket. Sumit Agarwal was the expert answering this on Contractor UK .Why not check out the link below to see full article at: http://www.contractoruk.com/limited_companies/can_i_buy_property_my_limited_company.html
Company Car vs Personal Car Reduction of Co2 emission for Tax Efficient Cars which means buying a car through company in tax efficient way become further difficult. Businesses of all sizes can claim the 100% allowance on a car provided that: • the car is 'unused and not second hand'; • it is electric or has CO2 emissions of not more than 75 g/km (April 2015 to March 2018); • it is electric or has CO2 emissions of not more than 50 g/km (April 2018 to March 2021); the expenditure is incurred before 31 March 2021.
Company Car vs Personal Car While the ECA scheme will continue until 31 March 2021, from April 2018, the qualifying ECA threshold for low carbon vehicles will reduce from 75 g/km to 50 g/km to match the latest EU CO2 emission targets. April 2018 also sees the lowering of the threshold for main rate cars.
We also have various other Tax Efficient Planning's such as: • Pension • Life Insurance • Ordinary B Share Planning • Company Car Usage • Childcare Vouchers and many more
We have a special offer for £59+VAT per Month and if you have participated in this event you get the first month for free. This would include the following :
Quarterly VAT Returns • Monthly Payroll • Personal Tax Return / Corporation Tax Return • Annual Return • IR35 Review • Dividend Administration Cloud base Software • Dedicated Account Manager
. Did you know DNS Accountants are ipse registered and are specialists in Contracting Accountants
Anymore Questions ?Why not call us today on 03300886686 or email us at info@dnsaccountants.co.uk Thank You