Tax and accounting legislation is incredibly complex, and accounting for independent schools – with or without charitable status – can be a minefield. Knowing what paperwork to keep, which tax incentives to take advantage of and which to avoid is not easy.
You will want to ensure your school’s finances are in the best possible shape and Fawcetts are ideally placed to help you achieve this. Our experience working with independent schools means that we have added specialist expertise to our already un-rivaled team. We offer a complete financial services package or we can undertake individual projects for one-off needs. Our range of cost-effective services for schools includes:
- Term-by term management accounts, including budgets, cash flow forecasting and financial reports, so that your board of trustees can be sure of accurate financial reports.
- Fee services for ensuring cash flow is consistent. This can include fee collection, interest calculations, advice on debt recovery, standing order arrangements and a complete review of your fee scheme if required.
- Payroll services to ensure your staff are paid correctly and on time every month, including monitoring of benefits in kind to keep taxation to a minimum.
- Tax and VAT planning to take advantage of available tax incentives, as well as helping you avoid potentially costly legislative changes. We can help to maximise your profitability while ensuring you avoid unexpected and costly tax bills.
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Fawcetts Chartered Accountants
Fawcetts is delighted to announce that we have been selected to join Handpicked Accountants, an exclusive database of the best accountants in the UK. Launched by Begbies Traynor Group, the website aims to help business owners and company directors find the most reputable accountants in their area, based on professionalism and outstanding financial guidance.
Founded in 2017 the site features over 1,100 of the UK’s best accountancy firms, each being chosen for their exceptional client care and their ability to enhance businesses across a range of specialist industries. At Fawcetts our team prides ourselves on our ability to deliver an unrivalled service to all of our clients regardless of the size of their business.
Head of Client Relations at Handpicked Accountants, David Tattersall, commented, “Fawcetts allow you to fulfil the ambitions of your business, helping you to grow and develop, adding value every step of the way. Their phenomenal insight into the strategy of each client’s business and the active contribution they make to their success means we can wholeheartedly recommend them to anyone looking for a trustworthy and reputable accountant in the Salisbury area.”
You can view our page on Handpicked Accountants here.