Preparing reports
You need calculations from source data and reconciliation of the figures used in reports.
Tax and calculations
Tax
support.
Support with tax calculations, reporting and questions about individual transactions. Examine the records and applicable rules, explain the calculation and prepare information the company can use for its next actions.
Discuss a tax questionA specific question / ongoing support
TransactionCalculationExplanation
Your situation
A clear task.
A starting point.
Find the situation closest to yours. Use it to start a conversation about the support you need.
Reviewing a transaction
A proposed or completed transaction raises questions about its circumstances and tax implications.
Responding to an enquiry
Identify the relevant transactions, gather supporting records and prepare an explanation.
Scope of work
What the
work covers.
These are the possible areas of work. Your proposal specifies the relevant tasks, outputs and responsibilities.
Defining the issue
Establish the transaction, period, parties and business purpose, distinguishing confirmed facts from missing information.
Reviewing source data
Compare contracts, supporting documents and accounting information needed for a calculation or written answer.
Tax calculations
Prepare calculations for the agreed task, identifying inputs, assumptions and matters that affect the result.
Reporting documents
Prepare agreed forms and explanations. Review, approval and filing arrangements are agreed with your company.
Responses to enquiries
Review the enquiry, identify relevant records and prepare draft explanations within the engagement.
Written advice
Explain conclusions on the specific issue, applicable sources and their review date. Identify any information still required.
The output
What you
receive.
Agree the format and scope before work begins, so you know what you will receive and how it can be used.
Discuss the output I needA calculation with inputs and the rules applied explained.
Prepared reporting documents, explanations or a draft response.
Missing information and issues that affect the conclusion.
Practical next actions: information to clarify, approve or provide.
An illustrative task
A notice identifies a reporting discrepancy
The company needs to understand which records to compare and how to prepare a response.
The work
Review the notice and its basis, map questions to calculations and source documents, and distinguish facts, errors and missing information.
What the company receives
A question-and-evidence schedule, calculations and a draft explanation. Signing and filing arrangements are agreed in the engagement.
The working process
From a conversation
to practical steps.
Define the question
Identify the transaction, period and decision that the answer will support.
Review facts and sources
Examine the relevant documents and current sources for the specific matter.
Deliver the output
Discuss the calculation or explanation, its limits and the next actions.
For the first conversation
Tell us about
- The transaction, parties and period
- The relevant contract, calculation or report
- The notice and its date, where applicable
- The decision the answer must support
Before we begin
Other questions
to consider.
Can we ask about one transaction?
Yes. Describe what happened or is planned, the relevant period and the question to be answered.
Can a transaction be assessed in advance?
Discuss a calculation based on specified terms. Assumptions are stated separately; changes to the transaction can affect the conclusions.
Is report submission included?
Preparation, approval and filing are separate actions. Agree which actions BMS will perform and what authority is needed.
What should we share about an enquiry?
Start with its subject and stated date. The full wording and supporting documents can be shared through an agreed channel.
Read before we begin
Understand the task.
Start with a conversation
What matters
to your business?
Tell us about your task. We can discuss the support you need and where to begin.
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