Getting fed up with your accountant doing the bare minimum?
Watch the 90-second explainer below. It might lead you to save thousands in your business
Dennis Chen, FCCA — director of DC Accountants
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Find out where your business is leaking money (and how to fix it)
At DC Accountants we see so many businesses overpaying in tax, not having a clear plan with their accountants and we can quickly see how we can save them money instantly. So we decided to make this super quick 7 min training that will show you how to spot where your business is leaking money. Whether you’ve got an accountant or not, this quick video could end up saving you £1,000’s and give you the confidence to make changes in your business..
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Why this keeps happening
Almost everything that reduces your tax bill has to happen before your year-end
Which is exactly when most accountants aren't looking. It isn't that they're bad at tax. It's that they look at your year after it's already closed, when there's nothing left to decide.
Before your year-end — the window is open
Where we look ☑️
Draft accounts prepared while the year is still running. You see the tax figure early, with real options to bring it down — timing, allowances, structure, purchases you were making anyway.
After your year-end — the window has shut
Where most accountants look ❌
The return gets filed months later. The number is accurate and completely final. Nothing can be changed, because every decision that could have changed it has already been made.
What we look for
Five places money quietly leaks out of a limited company
LEAK 01
The one that may already be running
It can start the first time you move money, and nothing in your accounting software will flag it.
LEAK 02
The window that closes
There's a date in your financial year after which most of your options simply stop existing. Very few directors know they've passed it.
LEAK 03
The money nobody claimed
Entirely legitimate, written into the rules, and sitting unused in a great many company accounts.
LEAK 04
The expensive guess
Every business makes these calls. Almost none of them cost the decision out before making it.
LEAK 05
The costliest one of the five
It isn't a rule, a form or a deadline. It's a decision most directors make by doing nothing at all.
Who you'd be working with
I'm Dennis Chen
I'm an FCCA, a Fellow of the Association of Chartered Certified Accountants. And I run DC Accountants, an ACCA-registered practice working with owner-directors of UK service businesses.
I built this practice around one idea: filing your taxes and looking after your money are two completely different jobs, and most owners are paying for the first while assuming they're getting the second.
You deal with me directly; not a junior, not a ticket queue
Your numbers looked at all year, not once at year-end
Draft accounts prepared before your year-end, every year
Plain English; the deliverable is a decision, not a document
DC Accountants Ltd — Registered in England & Wales, company no. 12516616.
Dennis Chen FCCA. DC Accountants is an ACCA-registered practice and is supervised for anti-money-laundering purposes.
The content on this page is general information for business owners, not tax advice for your specific circumstances. Tax treatment depends on your individual position and on rules that may change.