ACCOUNTING AND TAX

Our cost-effective, efficient accountancy specialists will look after all your needs.

We offer:

• Day to day bookkeeping, either offsite or through the secondment of a dedicated staff member.
• Bank reconciliations.
• Preparation of regular monthly and quarterly management accounts.
• Preparation of annual statutory financial statements in accordance with generally accepted accounting principles (GAAP) relevant to your jurisdiction, including FRS102 and IFRS.
• Independent verification of trust accounts.
• Assistance with and co-ordination of internal and external auditing processes.
• Expertise in many major bookkeeping packages including Sage Line 50, Sage Line 200, Quickbooks and VT Transaction Plus.
• Set-up and training for Xero cloud accounting software, giving you 24/7/365 access to up to date financial information.

When it comes to tax matters, there is no room for error. Our experts can guide you through appropriate tax strategies for your unique set of circumstances.

We provide:

• Advice on the appropriate use of international companies and trusts to structure corporate and personal affairs, with a view to paying the most appropriate level of tax.
• Support through tax investigations, amnesties and disclosures.
• International tax commentary, advising on how much tax should be paid in each jurisdiction and how national tax laws relate to one another for cross-border assets and income.
• Specialist tax consultancy for high-complexity assets such as intellectual property, yachts, aircraft, real estate (including de-enveloping) or personal image rights.
• Advisory, reporting, and compliance services for direct taxation, including:
  • UK income tax returns and UK corporation tax returns for non-UK resident landlords receiving UK rental income.
  • Advice on disposals of UK property and the tax compliance work involved in reporting the disposal.
  • Annual Tax on Enveloped Dwelling (ATED) returns.
  • UK corporation tax returns, certificates of UK tax residence and other tax compliance for UK companies.
  • IOM, Jersey and Guernsey tax returns for companies.
  • UK and IOM income tax returns for individuals, trusts and LLPs.
  • UK and IOM residence and domicile issues.
  • UK Inheritance Tax returns.
  • A confidential payroll and advisory solution for IOM and UK payrolls to include payslips, monthly and year-end summary and return information.
  • UK Trust Register.
  • UK Construction Industry Schemes advice and monthly compliance.
  • Economic substance assessments across various jurisdictions.
  • FATCA and CRS advice and compliance.
• Advisory, reporting, and compliance services for indirect taxation, including:
  • Preparation of IOM and UK VAT returns and maintenance of VAT records for Making Tax Digital, EC sales lists and Intrastat declarations.
  • VAT services of registration and de-registration, attendance at inspection visits.
  • Liaison with authorities for registering for VAT in other EU jurisdictions.

• Advice for acquisitions, mergers, exits, liquidations and other key moments for businesses and owners.
• Transactional due diligence services.
• Internal audit services for those organisations that are under special scrutiny, particularly local government authorities.
• Development of coherent business strategies, financial plans and forecasts.
• Advice on capital loan financing.