Watson & Colhoun

Based in Omagh, Watson & Colhoun provides bookkeeping, tax compliance, vat returns. The practice’s stated service areas address different stages of looking after financial information and tax matters.

Bookkeeping is part of the listed service range. It deals with the organisation and recording of financial transactions, providing information that may also be needed for accounts, tax reporting and business records. Tax compliance is identified as part of the practice’s work. It concerns meeting applicable tax reporting requirements and is not the same as general bookkeeping or advisory services.

VAT returns are named among its services. VAT reporting concerns taxable sales, purchases and the information required for a return, a task separate from preparing annual accounts or producing payroll figures. Payroll is included among the services provided. This concerns pay-related information for staff and employers, separate from VAT accounting and the preparation of annual accounts. The firm lists support for business start-ups. This concerns accounting and business questions that arise when a new enterprise is being established, alongside the ongoing financial services the practice provides. This combination identifies the scope of the firm’s stated accountancy work. Watson & Colhoun operates in Omagh, with enquiries about its accounting and financial services directed to that practice.