IAIN  BETHUNE  CA  FCMA

                 

 

For many clients we provide a complete bookkeeping  service for their businesses which can include sales invoice creation, sales, purchase and general ledger maintenance and the running of a weekly or monthly payroll. From these records regular periodic management accounts ( monthly or quarterly) are produced.

The requirement of each client is assessed individually - most definitely this is not a one size fits all operation.

Your time can then be used in running and developing your business rather than dealing with the paperwork.

Your records are kept on a secure computer system, password controlled, with UPS installed and with regular daily and weekly  back up routines in place.

Payroll, especially, is getting trickier by the day. Not only do we have the National Minimum Wage Act but also introduced  were the Working Families Tax Credit and the Disabled Persons Tax Credit schemes. It is the employer's responsibility to administer these two schemes along with the collection of Student Loan repayments. 

Your payroll should also be able to handle the Scottish Variable Rate as well - you may  think that this would not affect you but it could  if one of your employees happens to own property in Scotland.

The Stakeholder Pension Scheme came into being in April 2001 and is operated  by the employer through the payroll.

Add all that to the existing pressure to meet the payroll deadlines each week or month and you can probably do with any help you can get. 

 

The Finance Act 1994 introduced a legal requirement for taxpayers to maintain certain minimum records and those who file tax returns must have these records available for inspection by the Inspector of Taxes should he decide to carry out a detailed enquiry. Anyone who fails to comply with this legal requirement in any accounting period or year of assessment could face a penalty not exceeding £3,000 for each year in question.

Remember, under the United Kingdom direct tax system the onus is on the taxpayer to convince the Revenue  that he is "innocent."  Without adequate records you face an almost impossible task.  The days of back of envelope calculations and rough estimates are long gone.

   Key Benefits

  • No problems in finding ( and retaining) suitably experienced accounts office staff or of finding cover for illness or holidays.
  • The hassle of the payroll and the tax year end is gone - we pick that up and produce the P35s,P60s and can also produce P11ds where required.        P45s ?   -no problem. 
  • We will host any Inland Revenue/Contribution Agency audit visit on your behalf   ( and also, where Value Added Tax is concerned any Customs & Excise inspection visit.)

 

 

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Last update : 04 February 2005