Daly Park has an eye to future
Northern Ireland’s economic growth is hugely dependent upon small and medium-sized enterprises (SMES), so how they respond to the ever-changing economic environment is vital, according to CBI Northern Ireland. Owner-managed firms and small to medium-sized enterprises are at the heart of Daly Park and our aim is to be there when it counts.
The uncertainty and confusion around Brexit and the introduction of the Making Tax Digital (MTD) initiative by HMRC, which requires businesses to report income and expenditure quarterly by digital means, have highlighted the significant shift in the role of Accountant in the modern day business environment.
As Accountants and business advisers, we have a vital role to play in building our clients confidence through the timely provision of information and advice which will be key to their on-going success in these uncertain times.
Whilst Statutory Accounts and Tax Compliance services are fundamental to all businesses, more and more of our clients are looking at ways to run their businesses better and faster using the latest technology.
Giving business owners access to real-time financial information about their business, which they can share with us, their accountant, will enable them to make proactive decisions about the future of their business. New software and digital solutions to help firms track information will help to reduce the Brexit- and Mtd-related administrative and cost burdens on businesses.
Business owners should be looking at how they access their financial information and reporting and we at Daly Park can help you review your current status and make recommendations to make this more efficient.
Front row, from left: Ruairi Maginnn and Darragh Cotter and (back row) Maria Evans and Jonathan Abbott