Medium Sized Business Services
If your business is medium size with between 50 and 99 employees, we recognise that the management will have sufficient expertise to deal with financial controls and management accounts.
Most businesses believe that an audit is a waste of money as it is a report on historical data.
We agree, but it is essential to have the financial health check which an audit should give.
A company or an LLP has to have a statutory audit if turnover is more than £5.6m or total assets are over £2.8m.
An audit provides an independent opinion on whether the accounts give a ‘true and fair view’ of the results for the year.
We normally plan our work and obtain an understanding of the business. We identify the risk areas and with analytical review procedures complete our audit work.
We agree time-table for our work and ensure the audit is completed on site at client’s premises.
We agree the audit schedule and management/draft accounts which will be provided to us before the audit commences.
After the audit we provide a management report with weaknesses which came to light and our suggestions and recommendations for improvements.
We assist in preparing the tax computations and calculating the tax liabilities. We identify any tax saving ideas and consider their implications before the accounts and tax computations are finalised.
We recommend that clients subscribe to our competitive tax investigation insurance service which covers professional fees in case of HMRC investigation.
We can advise on tax efficient employee remuneration package and setting up of share option schemes.
We can also provide a full company secretarial and registered office facilities.
It is important to consider succession planning and we can advise on:
- IHT
- Personal financial planning
- Overseas tax planning
- Possible sale
We plan our work and agree a fixed fee quote before we commence our work.
Why not book a free initial consultation and find out how a medium size business can benefit from our support and advice.
Please get in touch:-
To find out more about how we can help please contact Ali Alidina >>