Are you busy running your business? Then let us worry about the bookkeeping, accounting, payroll and company administration functions. Why not subcontract these services to us at a set monthly fee and release your time for those things you have to do?
Audit Exemption
Most trading companies will be audit exempt provided that turnover is NOT over £5.6 million; And total assets do not exceed £2.8 million. For charities, turnover must not exceed £250k in the current year or either of the two preceding years for audit exemption to apply.
Most trading companies will be audit exempt provided that turnover is NOT over £5.6 million; And total assets do not exceed £2.8 million. For charities, turnover must not exceed £250k in the current year or either of the two preceding years for audit exemption to apply.
Bookkeeping & payroll services include:
Computerised bookkeeping service at our premises or
yours or we will update your system remotely from
our offices. Sage Line 50 version 11 upwards can be
updated by emailed files.
Computerised bookkeeping service at our premises or
yours or we will update your system remotely from
our offices. Sage Line 50 version 11 upwards can be
updated by emailed files.
Weekly and monthly payroll preparation with laser
printed payslips and analysis.
Annual employer returns including P35s and P14s.
Financial and management accounting services include:
Statutory year end accounts for directors and shareholders and submission to Companies House and Inland Revenue.
Monthly or quarterly management accounts; we will explain the results and their implications for your business.
Profit forecasts and budgets.
Business plans.
Cash flow analysis.
Completing and filing statutory returns.
We are registered auditors and can carry out either statutory or voluntary audits. We also audit solicitors under the solicitors accounts rule.
Voluntary audits can be necessary in certain circumstances, for example to comply with a lenders or creditors requirements. Public bodies also often ask for 3 years audited accounts for tendering organisations. An audit can also help businesses identify strengths and weaknesses in their system of financial and management controls. Contact Alok Mitra to discuss whether your business needs an audit.
Voluntary audits can be necessary in certain circumstances, for example to comply with a lenders or creditors requirements. Public bodies also often ask for 3 years audited accounts for tendering organisations. An audit can also help businesses identify strengths and weaknesses in their system of financial and management controls. Contact Alok Mitra to discuss whether your business needs an audit.
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