The Inland Revenue are enforcing tax compliance more and more tightly. Time deadlines for submitting income tax returns and company tax returns are fixed and must be complied with to avoid late filing penalties. We deal with all aspects of tax being income tax, capital gains tax, inheritance tax, VAT, company tax along with PAYE and National Insurance, which to all intents and purposes are a tax today. We provide a full planning and compliance service on the above taxes.

Brennan Neil & Leonard Chartered Accountants are not authorised to provide financial planning advice but our advisory arm BNL Independent Financial Advisers Ltd is fully authorised by the Financial Services Authority (FSA). For further details please contact pdavey@bnl-accountants.co.uk or visit www.bnl-ifa.co.uk to see a full list of services provided including:

• Pensions
• Investments
• Healthcare & Protection

The core of our business is accountancy and client advice. We prepare annual accounts for owner-managed businesses from the very small to those with 100’s of employees and in excess of £20million turnover. Beyond the annual financial statements, we do management accounts for many of our clients on a monthly or quarterly basis and advise thereon. We are expert in the mainstream accountancy packages such as Sage.

Even though audit limits have increased greatly, with turnover currently at £5.6million before an audit is required, we have a substantial number of audit clients and are one of the few North Eastern firms of accountants developing what is becoming a niche market, outside of the big 4 international accountants.

We provide a full payroll service for weekly and monthly payrolls using the latest software, filing year end P35’s electronically and dealing with associated payroll issues such as P11D’s. We also offer consultancy advice on payroll related matters such as statutory sick pay, maternity pay, redundancy and minimum wage legislation.