Overview of Services
Based on an agreed reporting schedule, Management accounts will be designed and prepared in a manner to assist you in maintaining strong control of business costs. This process will identify and address weak areas and provide recommendations for future development.
Completion of monthly Cashflow analysis showing the actual position to date and projected/target performance.
Completion of quarterly VAT returns advising of any liability and proposed method of settlement with HM Customs and Excise.
Preparation of a full Profit and Loss and Balance Sheet on an annual basis for use in the submission of Self Assessment Tax Returns.
Preparation of weekly/monthly payslips. From this the monthly income tax and national insurance charges due to the Inland Revenue will be computed. We will keep you fully up to date on any payroll legislation developments.
Completion of the Employers Annual Return along with the relevant P14s and, once agreed with you, submission to the Inland Revenue.
Completion of P60s for your employees.
For each relevant accounting period a computation of taxable profits will be prepared, adjusted in accordance with the provisions of the Taxes Acts, for the assessment of Income Tax/Corporation Tax.
For Employed individuals completed Self Assessment Tax Returns and calculation of any tax liabilities.
We will ensure that you are kept fully aware of all tax liabilities and inform you of any tax breaks that may be introduced in new legislation.
Fees can be fixed in advance to enable accurate budgeting on a monthly basis. Alternatively, fees can be accumulated on the basis of an hourly rate based on the level of skill and responsibility of staff involved.
Brown & Longhorn aims to provide best service for all clients. If necessary, we will investigate any complaints promptly and take effective action.