Auditing and Accounting
Preparing and auditing accounts is the cornerstone of our practice, underpinning all the other services we provide.
- The true picture of the business’s financial situation to owners and management on a regular and timely basis
Statutory information to relevant regulatory authorities – e.g. the Registrar of Companies, for a limited liability company
The basis for the business’s liability to tax
The data on which external providers of finance or potential investors can assess the business’s viability.
For larger companies, the annual audit provides an independent and objective view of the business’s performance over the year and its financial position at the year end. We aim, therefore, to be thoroughly familiar with the aims and specific nature of each client’s business.
The business review which concludes each audit is a practical, detailed discussion between management and the partner in charge of the audit. The topics discussed are tailored to the size and nature of the client’s business. Tax is central to the review, which also covers the opportunities and threats facing the business, including:
Finance – for current needs and future expansion
Cashflow control and debt collection
Directors’ and employees’ remuneration and pensions
Business plans and strategies
Accounting and Book-keeping
Some clients find that they need external help with aspects of their book-keeping and accounting. Some businesses need regular production of accounts, VAT returns or management information; others require occasional help at peak times, or when an investigation or particular exercise is planned. We can provide a computerised book-keeping service using our staff with the appropriate skills and experience (Sage).
Company Secretarial Duties
The detailed formalities of administering a limited liability company can easily be overlooked in the day-to-day pressures of running a business.
However, because the regulatory authorities have been tightening up their requirements, it is important for a company’s statutory books to be properly kept and promptly filed.
We can provide an efficient and cost-effective service, relieving management of these responsibilities.
The administration of trusts and estates becomes increasingly beset with pitfalls for the inexperienced. It makes sense, therefore, to entrust their management to professionals who are used to dealing with the problems in an efficient and sympathetic manner.
The administration of the tax and investment aspects of a trust or estate needs to be closely related to the overall provision of tax advice to the settlor and his or her family.