The primary purpose of an audit is to provide an independent report to the shareholders on the profitability and state of affairs of the company. However the audit process can also be used to identify areas where management can add value to the business and hence many businesses consider an audit to be a useful management tool.
At Thorne Lancaster Parker we have expertise and experience in providing audit and assurance services for small and medium sized companies, owner-managed businesses, partnerships and charities. Our audit team consists of experienced accountants and auditors.
We obtain an intimate knowledge of our clients' businesses in order to plan and implement audits as cost-effectively as possible, with the minimum of disruptions, aiming to maximise the benefits of our service.
As well as statutory audits, we also perform regulatory audits required by various regulatory bodies in the United Kingdom.
Personal - We advise on all aspects of personal taxation as well as handling all routine tax compliance work. We also provide co-ordinated fiscal and financial advice for our private clients, family concerns, and sole traders, including Capital Gains Tax, Inheritance Tax and Employment tax advice.
Business - We advise on all aspects of business tax including acquisitions, disposals, share schemes and handle all routine tax compliance work.
We also have close links with corporate lawyers in order to provide efficient and effective solutions on all corporate transactions.
In the current climate of mergers and acquisition, obtaining an agreed valuation for an unquoted company can be a complex but an integral part of many commercial transactions. At Thorne Lancaster Parker we offer a share valuation service for unquoted companies.
We also assist our clients in detailed negotiation with the HMRC’s Share Valuation division where necessary.
Over the years trusts have become useful instruments for various tax planning purposes. We provide our clients with advice in relation to setting up trusts to suit an individual’s circumstances.
We also act as trustees and executors, maintain trust records and produce returns for tax purposes, together with co-ordinating our advice with that of solicitors and stockbrokers.
Our accountancy service to clients includes preparation of statutory accounts, book-keeping services, periodic financial reporting and preparation of VAT returns.
Where necessary, we can supply experienced staff on a secondment basis to assist our clients.
Our payroll service operates as a company’s payroll department. It is a flexible and a cost efficient service provided to our clients.
Payroll service includes monthly payroll reporting, pay slips for employees, automatic payments, provision and administration of statutory payments and deductions, completion of statutory and HMRC forms and other payroll related tasks enabling management to concentrate on running their business.
Value Added Tax has become increasingly complex in recent years. We offer advice on VAT planning and compliance and undertake VAT health checks.
Our company secretarial service offers advice and assistance with a company's statutory obligations including company formation, registrations, shareholders' and directors' meetings and annual returns, as well as maintenance of statutory records.
We provide personal introductions to our many contacts in the City of London tailored to the specific requirements of our clients.
In addition to providing a high level of accountancy support, our partners, backed by a range of specialist services, are equipped to give experienced business and commercial advice. Throughout the years many of our smaller clients have found this to be particularly useful in their early development.
Although we are not an international firm, we do have extensive experience in advising clients on overseas activities and their tax implications.
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