SMALL BUSINESS: Most businesses unready for quarterly online reporting
A survey by the Institute of Chartered Accountants in England & Wales (ICAEW) shows that only 25 per cent of companies maintain their accounts using dedicated accounting software, most of them being medium and large businesses. A further 19 per cent keep electronic accounts using general-purpose software such as spreadsheets while 25 per cent still use purely paper-based systems. One in seven businesses prepare their own tax returns rather than using an external advisor. The survey was conducted in response to HM Revenue & Customs’ Making Tax Digital plan to enforce quarterly online reporting on businesses, self-employed people and landlords.
DND LAW Solicitors Newry Donnelly Neary & Donnelly offer a full range of legal services including Conveyancing Tax Commercial Criminal Family Law Divorce Wills Probate Immigration Notary Public from offices in Newry Castlewellan Dublin Portadown serving all of County Down Armagh and Belfast
Business Tax Warning: Protect Your Business with DND Law
At DND Law, based in Newry, our team of experienced tax attorneys is here to support businesses through the complexities of tax regulations and compliance. Business taxes can be challenging, and without the proper guidance, they may lead to costly mistakes and legal risks. Our Business Tax Warning is a reminder to all businesses—whether large corporations or small enterprises—of the importance of staying compliant and proactive about tax issues.
Understanding Business Tax Risks
Navigating the intricacies of business tax laws can be daunting, and overlooking even minor details can result in significant consequences. Tax laws frequently change, and what was compliant last year may not be now. Late filings, inaccurate information, or missed tax obligations can lead to penalties, audits, and other legal actions that could impact your business operations and reputation.
Why DND Law?
With years of experience in handling complex tax cases, DND Law understands the nuances of both local and national tax laws. We offer personalized legal guidance to help your business maintain compliance, avoid penalties, and implement tax strategies that benefit your financial standing. Our team keeps up-to-date with evolving tax codes, so you don’t have to.
Comprehensive Business Tax Services
At DND Law, we provide a range of business tax services designed to support every aspect of your company’s tax needs. From tax planning and filing assistance to audit defense and compliance checks, our team is ready to safeguard your business. Our proactive approach allows us to identify potential issues before they become costly problems, giving you peace of mind to focus on growing your business.
Act Now to Safeguard Your Business
Ignoring business tax obligations can lead to severe consequences. Let the experienced attorneys at DND Law in Newry help you navigate these risks and keep your business in top legal standing. Our team is here to provide straightforward, reliable advice and comprehensive tax support for businesses of all sizes.
Don’t wait until it’s too late. Contact DND Law today to discuss your business tax needs and learn how we can help you avoid potential issues before they arise.
For more information visit our offices or telephone 028 30264611
Our website is www.dndlaw.com & www.notaryni.co.uk
