Auditing and Accounting
THE 'BACKBONE' SERVICES
The day-to-day activity of preparing and auditing accounts is central to our business. In fact, our reputation is largely based on our ability to present a true picture of clients' financial situations and provide statutory accounts to fulfil legal requirements. Whether you require an audit or merely the preparation of simple accounts for taxation purposes we are here to meet your needs in accordance with your instructions.
Company law now determines which companies require an audit, an Accountants' Report or no audit at all. We are able to advise you of the category in which your company falls, and as Registered Auditors, can undertake audits and produce statutory accounts for all incorporated organisations.
Completion of the audit and final reviews will provide the opportunity for meaningful discussion between ourselves and the Directors, thus making the audit a worthwhile management exercise.
Preparation of trading accounts for companies, sole traders, partnerships and unincorporated organisations is a task for which our experienced staff is fully trained.
Preparation of monthly or quarterly management accounts and information.
Accounting systems must be simple and accurate, and it is vital that all businesses get them right. Our services include everything from basic bookkeeping and preparation of VAT returns, to providing continuous management information, and help at peak times or during a particular exercise.
These days, overlooking the detail of company administration can give rise to serious problems. We can maintain the statutory books of your company and advise on documentation of meet legal requirements and filing deadlines. We can also advise Directors on their statutory responsibilities.
A METICULOUS APPROACH
For both the business and the private individual, it pays to seek out the best possible tax advice - if only because of constantly changing legislation and the ever-increasing number of detailed investigations being carried out by the authorities. Requesting us to give advice well in advance saves time, trouble and often a great deal of money.
Whether assistance is needed to complete a personal tax return or perhaps specialist advice on business tax liabilities, we have the experience to satisfy all requirements.
Detailed discussion before the end of the financial year enables us to plan a strategy, which makes the most of the opportunities for reducing the burden. This could involve looking at investment in new plant, directors' fees, pensions and the dividend policy.
Our help here can prove invaluable in keeping clients on the right side of the Inland Revenue, who now use teams to investigate employers remuneration practices. Casual labour, directors' loans and P11d compliance are just three of the problem areas we can successfully resolve. It's also worth having a word with us about our Payroll Service.
CAPITAL GAINS TAX
Accounting for Capital Gains Tax can become a real headache to some investors - not least because of the Indexation Allowance. Meticulous attention to records is essential if you are to avoid paying too much tax. Why not allow us to advise and deal with all the complex calculations?
The mitigation of Inheritance Tax requires careful planning to ensure that as little family wealth as possible passes into the hands of the Inland Revenue. A consultation at an early stage could achieve considerable savings later.
VALUE ADDED TAX
The penalties for making late or incorrect VAT Returns are well known. We can ensure that financial systems meet the requirements of the authorities, and facilitate preparation of Returns within statutory time limits. We can offer expert assistance where completion of VAT Returns is difficult or onerous.
Commercial Advice ________________________________________________
ONE COMPLETE SOURCE
Needless to say, no two clients' requirements are exactly alike. They nevertheless share a number of basic needs: accurate and meaningful accounts, sensible tax advice, and skilful guidance on matters such as raising finance and investment. Our forte is being able to meet these needs with the same high level of skill and dedication, whilst at the same time having access to the means of dealing with more specialised requirements. We have close links with international firms of accountants who can provide a specialised service when required.
COMMENCEMENT OF BUSINESS
Nothing is more critical to the chances of success than advice on tax and accounting at this stage. Ownership structure, finance, pre-trading expenditure, and whether or not to incorporate, all require decisions, which only a widely experienced company such as ourselves can help to make - company formations being a speciality.
As business develops we are geared to formulating new business plans, advising on computerisation, tax planning, remuneration structure, insurance, company pensions, and finance needed to promote expansion.
A different situation with new problems arises, those of ownership and the transfer of assets to the new generation for instance; or the sale of a business. Again our advice on planning, and skills in negotiation and presentation can make a vital difference.
FINDING THE FINANCE
The secret is in getting the right finance for a particular business. In addition to having access to a number of selected sources we will also help with applications for government grants and incentives.
Range of Services _____________________________________________________
No-one takes a more personal interest