Tax by Sterling is a recognised name in the field of Accountancy. Accountancy is the measurement, processing and communication of financial information about businesses and we’re here, willing and able to take up whatever type of accounting work is required.

 

Accounting can be divided into several fields including:

• Financial accounting

• Management accounting

• Auditing

• Tax accounting

• Cost accounting.

 

Financial accounting focuses on the reporting of an organisation’s financial information to users of the information, such as investors, regulators and suppliers

Management accounting focuses on the measurement, analysis and reporting of information for use by management.

The recording of financial transactions, so that summaries of the financials may be presented in financial reports, is known as bookkeeping, of which double-entry bookkeeping is the most common system.

Accounting is facilitated by accounting organisations, accounting firms and professional bodies. Financial statements are usually audited by accounting firms and are prepared in accordance with generally accepted accounting principles (GAAP).

GAAP is set by various standard-setting organisations such as the Financial Reporting Council.

Auditing an audit of financial statements aims to express or disclaim an opinion on the financial statements. The auditor expresses an opinion on the fairness with which the financial statements presents the financial position, results of operations, and cash flows of an entity, in accordance with the generally acceptable accounting principle (GAAP) and “in all material respects”. An auditor is also required to identify circumstances in which the generally acceptable accounting principles (GAAP) have not been consistently observed.

All this may seem overwhelming or over complicated, but trust in the fact that at Tax by Sterling its our role to complete all these works and convey the information to you in a clear and concise way so that all of the above becomes as easy for you to understand as it is for us.

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HMRC Investigations and Enquiries

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Investigation and enquiry two words no one wants to here from HMRC, this whole process can be stressful, worrying and hard to cope with. With our wealth of experience in dealing with HMRC whether these enquiries are into the Tax return of an individual or more in-depth company affairs or an employer related investigation into PAYE or P11D compliance. Whatever the enquiry or investigation Tax by Sterling will support you and represent you to the very best of there ability.