We want to share some of our accumulated knowledge with you! Stay up to date with the world of finance and accountancy and learn some tips and tricks that you’ll be able to apply to your business.
If you want to learn any more about any of the subjects we’ve covered, from small business tax advice, to how to complete a financial audit, get in touch today or visit our services page.
Accounting, Audit
Accounting and auditing for bad debt provisions
Companies often believe that this is an easy calculation…just apply 10% against our debtor balance. Now this may work as an approximation for your management accounts but it won’t do for your annual financial statements. Below is a...
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Accounting, Audit
Accounting and auditing for property owned and used within a group
Generally, when a property is used to earn rental income then it will fall under the definition of investment property. The problem is that FRS 102 (Sept 2015) simply states that the where a property that is owned by one group company and is...
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Audit, Payroll, TAX For Companies, TAX For Individuals
Don’t be in the minority
With the excitement of Christmas and New Year’s Eve behind us, most of us are looking forward to the year ahead, full of plans and optimism. January often feels like a month dedicated to fresh starts, but before beginning a new year of...
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Accounting, Audit
How to reduce your audit fees substantially
Annual audit fees can often be substantial. However, in terms of reducing the overall cost of an audit you need to understand what is involved in the audit and what you can do to substantially reduce the amount of work carried out by the...
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Audit
Remote Statutory Audits
With no sign that the pandemic is going away, statutory auditors have been forced to rethink the way that they carry out their work so that they can protect their staff and the client while still producing a high-quality piece of...
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Audit
What Is a CASS Audit and Does My Company Require One?
What is a CASS audit?A Client Assets Sourcebook (CASS) audit is a prerequisite for many UK investment firms. Brought into sharp focus in the wake of the Lehman Brothers collapse in 2008, the main purpose of the FCA’s CASS rules is to protect...
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