Services

Gilroy & Brookes provide accountancy and taxation services which help a wide range of clients to achieve their financial objectives. Individuals, sole traders, partnerships, companies, charities, clubs, associations all rely on us to provide them with operational and statutory financial advice including:

Accountancy

As a company your published accounts have to comply with generally accepted accounting principles and the requirements of the Companies Act.

If you are a sole trader or a partnership accounts have to be prepared and included in your annual tax return to comply with the Taxes Act.

We can help you to meet these obligations by taking your accounting records, manual or computerised, and producing final accounts for you.

Weekly Bookkeeping

  • Purchase and expense postings
  • Sales invoices postings
  • Bank transactions postings
  • Asset purchase postings, divestments etc postings
    • Reconciliations
    • Bank
    • Sales ledger
    • Purchase ledger
    • Loan
    • Intercompany
    • Quarterly VAT returns where required

Monthly Management Accounts

  • Management accounts which includes review of nominal ledger i.e. go through each expense head like telephone and investigate anomalies (Most of these will be captured at the time of posting the purchase/expense invoices)
  • Financial and non-financial analysis
  • KPIs as per your requirements which includes Gross profit margin analysis by product, by market (Wholesale versus retail), by department , by project ( especially in construction sector)

Year-end returns

  • Annual Accounts of the limited company
  • Personal tax returns of directors
  • Corporation tax
  • Help to establish business plan
  • Preparation of Budget and Forecast

Supplier management

  • Check delivery notes with invoice
  • Contact supplier in case of any anomalies
  • Set up payments on the basis of payment terms
  • Contact supplier with remittance advice

Payroll

PAYE scheme

  • Registering PAYE scheme with HMRC
  • Activating and monitoring PAYE online services
  • Liaising with HMRC for PAYE matters

Payroll processing

  • Periodical processing
  • Multi-period processing
  • Statutory deductions including student loans
  • Statutory payment calculations: SSP, SMP, SPP etc.
  • Pension calculation and deductions
  • Implementing 'Attachment of earnings' into payroll

Reporting

  • Payslips through email
  • Payslips through post
  • Payroll reports including cost centre and departmental classification
  • Pension reporting

Payments on behalf of employer

  • Salary payment to employees
  • PAYE payments to HMRC

E-submissions

  • Periodical RTI submissions
  • Statutory payment reclaim submissions
  • CIS suffered intimations
  • Earlier Year Update forms
  • Year-end submissions

Benefit reporting

  • P11D
  • P46 (car)

Auto-Enrolment and workplace pensions

  • Pension scheme set-up
  • Assessment of employees and auto enrolling into pension scheme
  • Pension deductions based on qualifying earnings
  • Implementing opt-ins, opt-outs, join-in requests
  • Providing letter templates for employees
  • Generating pension reports for Pension provider and uploading data on to provider’s portal
  • Liaising with pension provider and completing the declaration of compliance

Cash process

  • Accounts receivable
  • Billing and cash application
  • Order management
  • Credit control
  • Collections

Many businesses and individuals face financial challenges. If debts are building up and no matter what you do the situation seems to get worse, it can be difficult to know how to cope or where to turn for help.

Whether you are a debtor, creditor or a professional adviser with a client facing severe financial difficulties, you need a specialist that you can trust, someone who is not only an expert in their area but who will recognise and respect your position and relationships.