Business audits aren’t just a distraction or a hindrance to the day-to-day operations. We aim to provide you with a service that is far more than that. Here at Wisteria, we will assist you in identifying issues within systems and ensure that your business remains compliant with sufficient checks and safeguards in place to protect against unexpected issues.
We have a small number of clients who don’t meet the legal requirements to require an audit, but they choose to do so for transparency and as good corporate governance. This is a good idea if your business is fast-growing and a sale or fundraising round is likely in 1-3 years.
In addition, there may be regulatory reasons why your business requires an audit. For example, if you’re operating a client account (e.g. solicitors), certain financial services businesses, or charities.
Of course, no matter what the scenario, it is natural to hope that the audit process causes minimal distraction for your finance team. Effective communication is key to minimise disruption. At the outset, we will define the objectives and agree on a realistic timetable which will highlight key stages and deliverables.
During the audit itself, we will bring your attention to significant issues as they arise. At the conclusion, we will report on any weaknesses in your systems and make recommendations that will prevent fraud and error.
Our small business audits are based on a risk assessment of the business. This way, our work will be tightly focussed on the areas of most significance or those that have the greatest risk of error.
Our team has experience working with a wide variety of sectors. Together with a deep understanding of your business, this will ensure that your small business audit is not only compliant with UK and International standards of accounting, but it will also add value to your business.
Andrew has over 25 years’ experience in commerce and practice. After qualifying with Stoy Hayward (now BDO), Andrew moved into industry. Andrew gained commercial experience operating as a CEO and CFO of numerous successful companies in biotech, recruitment, media, technology and marketing.
Meet AndrewWhile working on your tax affairs, we seek out opportunities. We aim to keep you fully in the loop, discussing developments and new options with you, as part of regular meetings. By developing long-term relationships with clients, our tax return services work alongside the tax advice we provide. We want to give you peace of mind that you are in safe hands, your tax return is dealt with in good time, and each opportunity is identified and implemented.
A self assessment tax return is the method by which taxpayers report their income and capital gains to HM Revenue and Customs. Wisteria’s team of qualified specialists can confirm whether it is necessary for you to complete a return and Wisteria provides an efficient and professional tax return completion service.
If your tax affairs are more complicated, you will need to register for self-assessment and submit a tax return. If you would like help getting set up to submit Self Assessment tax returns or if you require more information about our tax services for individuals, contact us today.
Tax planning is completed either when you have decided what you want to achieve in the most tax efficient way, or where you wish to simply review your affairs. Wisteria’s tax specialists will review your position and advise on the most tax efficient way to structure your affairs generally or advice on any particular transaction.
It is important to work with an accountant who you can get on with and feel you can trust. When selecting an accountant, there are many factors to take into account and many possible options available to you. Wisteria’s financial advisers can provide you with valuable advice on how to maximise your money.