Accounting and Tax Services
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Welcome
to SZ
Accounting and Tax Services |
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ACCOUNTING &
TAX SPECIALIST SERVICES
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Dedicated schools services We
have helped a number of local authority maintained schools to recover VAT and
resolve HMRC payroll queries. Our services include: ·
Tax advice ·
VAT return and check services ·
Training staff on account payable system and record keeping ·
Also we can review your records for the past 4 years, to
ensure that full VAT has been recovered where it is due. This can be arranged
at a no win no fee basis, i.e. if we cannot find extra VAT to be recovered
there is no cost to the school and fee is only payable when the school has
received the extra VAT from HMRC. At SZ Accounting and Tax Services we recognise the pressures
faced by the head and the bursar, dealing with vast and wide responsibilities
and in-addition expected to manage finance and tax efficiently. Managing
finance and tax can be difficult, particularly with no proper support in
place, and often can lead to tax and other financial penalties if not managed
properly. Our experience shows that where the school has managed its tax
affairs efficiently it benefited from cost savings and good cash-flow
balances, and in-addition avoided wasting officer time in dealing with
central queries such as HMRC inspection and general local authority
inspections. We
have experience of dealing with key financial and tax issues faced by the
schools, and provide help and support to build and maintain sound financial
processes and practices at the school. In our
experience with local authority maintained schools, we have helped with a
wide range of tax issues and the following areas may be of interest to your
school: o Training bursars and admin staff on
account payable system, record keeping and completing VAT returns, including
when VAT can or cannot be recovered o Schools often complete late VAT returns
and in some cases VAT returns are not completed at all. With quick and
accurate VAT returns, schools can benefit from positive cash-flow and
potential interest gains. o Tax Advice Service such as dealing with
VAT and payroll query - often a simple mistake on employment status can have
significant tax penalties for the school. The advice service can be a
valuable support for the school. With
the current budget pressures and reduction in DfE
funding it is important to ensure that the school’s admin processes are
efficient to maximise its available resources. We can help by ensuring that
the school’s tax affair is run smoothly and efficiently, particularly VAT. With the VAT at 20%, it can go a great deal in maximising
available limited resources; for every £120k spent the school can potentially
recover £20K. Please call or
email us for further information or to arrange a free consultative meeting. Fees
for our tax services for schools (we are happy to
negotiate to offer you the best competitive rate) All prices are
exclusive of VAT, but currently no VAT is applicable. Monthly VAT
returns
£350 per month (*) Full VAT return
with audit trail, including analysis of non-recoverable VAT transactions. Annual VAT return
service £3,500 per
annum (**) Includes general
tax and VAT advice and VAT return services General Tax advice
service £100 per
month Call or email
services, where tax queries can be discussed and appropriate advice can be
sought Tax claim
opportunities
20% commission (at
no win no fee basis) Detailed VAT
analysis to ensure full VAT has been recovered; where extra VAT is identified
we submit claims to HMRC and charge a fee of 20% on receipt of that money. Training £150
per hour Training bursars
and admin staff on account payable system, record keeping and completing VAT
returns, including when VAT can or cannot be recovered. (*) The fees could
be much lower for smaller schools with annual VAT claims of less than
£50,000. (**)
Promotional discount – in addition to the above (fees lower for smaller
schools) if the school signs up for an annual contract, 10% (£350) is
refunded back as donation to the school, which the school can build as
reserves to fund any special projects. |
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Contact information |
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Salik Zahid CPFA BSc CALL 07946 008 353 Based in |
We deal with all tax returns VAT, PAYE, Income Tax, Capital Gains Tax and Corporation Tax, and deal with any HMRC correspondence including property rental income disclosure. |
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Copyright © SZ Accounting and Tax Services Limited. Registered in
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