Schedules C and D are the two forms of self-assessment taken by businesses that find themselves unable to meet the set hours. Both forms of self-assessment used as a guide for a business in order to determine whether it should be retained or not.
The two forms of self-assessment are self-assessment prepared by the business itself and that obtained from a third party. Usually it is the business who provide this form of self-assessment, but some companies may prefer to use the outside services of a management and accounting firm to prepare this form of self-assessment. It is worth mentioning that the two forms of self-assessment are used for different purposes.
The schedule C worksheet is prepared by the company to provide guidance to its employees, partners and clients regarding their working hours. It helps them identify those cases where they have been working over the limit allowed under the employment contract. It also gives an idea of the kind of action required in order to rectify such cases. The schedule C worksheet is used as a guideline for determining whether a company should be retained or not.
The scheduled worksheet is prepared by the accountant on behalf of the employer to help the employee know what should be done with regard to the work. The scheduled worksheet will guide the employee with regard to the hours that the employee has worked within the last three months. These details are used to calculate the salary and the overtime hours that have been worked.
The purpose of self-assessment is to provide information to both the employer and the employee about how they should work to ensure a proper and fair working environment. The schedules C and D help both the employers and the employees to determine which of the two forms of self-assessment is used for which purpose.
The Schedule C worksheet is generally prepared by the company so that it can be used as a guide by the employees to go about the self-assessment process. This self-assessment form contains a list of the daily scheduled work hours along with the weekly average overtime hours as well as the salary of the employee. After completing the self-assessment form, the company can then decide whether it should retain the employee or not.
In case the employee needs help to prepare the schedule C worksheet, it is suggested that the employee take the help of a management and accounting firm to prepare the self-assessment form. In this way, the employee can have the benefit of the knowledge of how to prepare the self-assessment. However, if it is prepared by the employee, it will include his/her responses.
The Schedule D worksheet is prepared by the employer in order to help the employee and his/her partners to determine whether they have been working beyond the limits set by the agreement. The self-assessment form is a guideline for both the employer and the employee. In most cases, the employee uses the scheduled worksheet to determine if the company should be retained or not.