|
|
|
| Services |
|
We offer a range of services, from Cost Accounting services, to book keeping services, to Managements Accounting services. We work very closely with our clients to understand their business and tailor our service package and service levels to support and add value to a customers business. Here are several excellent reasons why you should consider Rhino as your preferred partner to outsource all your accounting requirements.
|
|
| We help you reduce operational costs |
We can ramp up quickly to support your business and its growth without exceeding agreed budgets |
We work to your schedule; time zones are transparent to our customers |
Our philosophy is to be a partner and not a vendor |
We guarantee absolute confidentiality and security for your confidential documents |
|
Book keeping
Bookkeeping is the recording of financial transactions. Transactions include sales, purchases, income, and payments by an individual or organization. We offer our clients the choice of the two most commonly used methods of book keeping, Single-entry bookkeeping system and the Double-entry bookkeeping system. We record the day-to-day financial transactions of an organization which usually consist of purchase, sales, receipts, and payments. We ensure that all transactions are recorded in the correct daybook, suppliers ledger, customer ledger, and general ledger. Under this service we brings the books to the trial balance stage
Management Accounts
Management accounting or managerial accounting is a service where we provide accounting information to managers within organizations, to provide them with the basis to make informed business decisions that will allow them to be better equipped in their management and control functions. Our management accounting services are designed to be used confidentially by management, instead of publicly reported; all reports are forward-looking, instead of historical; and are computed by reference to the needs of managers, often using management information systems, instead of by reference to financial accounting standards.
Annual Accounts
We provide a comprehensive report on a company's activities throughout the preceding year. Rhino prepared Annual Accounts will give shareholders and other interested people an excellent picture about the company's activities and financial performance. Most jurisdictions require companies to prepare and disclose annual reports, and many require the annual report to be filed at the company's registry. Companies listed on a stock exchange are also required to report at more frequent intervals (depending upon the rules of the stock exchange involved) Rhino can support you with all your fiscal regulations
VAT Returns
In the United Kingdom, a tax return is a document that must be filed with the HM Revenue & Customs declaring liability for taxation. Different bodies must file different returns with respect to various forms of taxation. The three main returns currently in use are: SA100 for individuals paying Income Tax; CT600 for companies paying Corporation Tax; P35 for PAYE deductions by employers. At Rhino we provide expert advice and even handle all the work involved in filing your tax returns. At Rhino we help you understand what documents you need to complete based on your income and expenditure, and make tax returns a simple and easy task
Payroll
At Rhino we provide a comprehensive payroll solution, including pay slips, pay roll taxes and a pay cheque. Our team of experts are well versed with the different requirements in different countries, for instance :
For Canada, our Payroll Professionals are Certified by the Canadian Payroll Association.
For the United States, our Payroll Professionals are Certified by the American Payroll Association.
For the United Kingdom, our payroll professionals are members of the Institute of Payroll Professionals.
For Ireland our team holds membership of the Irish Payroll Association (IPASS).
|
Self Assessment Tax Returns
We provide a range of services for those individuals who need to submit self assessment tax returns
Your tax return: the basics.
Who needs to complete a tax return, types of tax return, record keeping, deadlines, bills and payments and more.
File your tax return online.
Save time and get your tax calculated automatically when you file your tax return online, how to sign up and view your account online.
Your tax bill, payments, deadlines, corrections and refunds.
Understanding your tax calculation or Statement of Account, payment deadlines, problems in paying, corrections and refunds.
Appeals, penalties and checks into your tax return.
How to appeal against a tax decision, payment deadlines and penalties, when and why checks are made into your tax return.
Tax returns if you're self-employed or in a partnership.
Completing the Self Assessment tax return and record keeping if you're self-employed or in a partnership.
Dealing with a tax return for someone who has died.
Tax returns and paying or reclaiming tax as an executor or personal representative of someone who has died.
Tax returns for trustees or charities.
Completing a trusts tax return as a trustee, records you'll need to keep, deadlines and where to get help and advice.
Tax returns for registered pension schemes.
Who needs to complete a pension scheme tax return, how to complete it, record keeping, and deadlines and where to get help and advice.
Tax return forms, notes and helpsheets.
Quick links to the forms, notes and help sheets you'll need to fill in your tax return.
|
P11D'S (BENEFITS IN KIND)
At Rhino we help you understand and submit Form P11D (Expenses and Benefits) which are required to be filed by United Kingdom employers for each director and for each employee earning over £8500 per year, and sent to the tax office with which their PAYE scheme is registered. P11Ds are used to report benefits provided and expense payments made to employees by employers that are not put through the payroll. The employees are also given a copy, should they need it for a self-assessment tax return.
Corporation Tax
Corporation Tax is generally complicated and requires expertise to ensure that you pay the taxes you need to pay and not more than required. Many countries have within their taxation platform breaks or benefits which can be availed if handled correctly. At Rhino we understand that: The measure of taxable profits varies from country to country. In some countries, for example the United States, the taxable profits are calculated according to a quite different set of rules than those used in the calculation of profits in the financial statements. The amounts that can be deducted for capital expenditure and for interest payments vary substantially from country to country. In addition we know that in many countries, depreciation of capital assets calculated in the financial statements ("book depreciation") is not deductible, and a deduction is given for tax depreciation calculated on a different basis. In the United States, tax depreciation is generally calculated by a method known as MACRS. In the United Kingdom, where the main corporate tax is called corporation tax, tax depreciation, known as "capital allowances", is allowed instead of book depreciation, usually at the rate of 25% per annum (20% from 1 April 2008) on a reducing balance basis. In France depreciation is allowable, within certain rates per classes of asset set down by statute
Tax Planning and Advice
Tax is an unavoidable part of life, so it makes sense to get the best tax advice in order to know exactly what you owe the taxman - and more importantly what you don't. A Rhino tax plan can also help you minimize Income tax and Capital Gains tax you pay. At Rhino we help you to take control of your tax situation, learn how to prepare your tax return, and lower your tax burden through smart tax planning strategies
Forecasting and Cash Flows
At Rhino we understand that managing liquidity or cash flows is an important precursor to ensuring solvency and continuity of an organization. The point of making the forecast of incoming cash is to manage the outflow of cash so that the business remains solvent. We at Rhino give you the necessary information so that you can make an informed decision regarding cash outflows and enable you to make an informed decision.
Company Formations
In the UK the process of incorporation is called company formation; it is also sometimes referred to as company registration. Under UK and most international law a company or corporation is considered a separate entity to the people who own or operate the business. Today the majority of UK companies are formed the same day electronically. Companies can be created by individuals, specialized agents, solicitors or accountants. At Rhino we provide you with expert advice so that you can structure the company to best suit your business and your capital investment and manage the relationship between stakeholders.
We provide the following services to our clients:
|
The Articles of Association (often referred to as just ‘articles’) is the document which sets out the rules for the running of the company's internal affairs.
Submission of Form 10 - gives details of the first directors, secretary and the intended address of the registered office. As well as their names and addresses, the company's directors must give their date of birth, occupation and details of other directorships they have held within the last five years.
Submission of Form 12 - is a statutory declaration of compliance with all the legal requirements relating to the incorporation of a company. It must be signed in the presence of a commissioner for oaths, a notary public, a justice of the peace or a solicitor.
All other documentation and tasks related to the formation of a company including stationary.
|
|
| |
|
