Accountancy, Audit and Assurance

Accounts

The main aim of producing statutory accounts is to report on the performance and financial position to the stakeholders of a business but we will also advise you on the following:

• The resulting taxation consequences,
• The view the accounts present to bankers, potential investors, credit rating agencies and to your competition,
• Industry standards for the accounting policies followed to prepare these statutory accounts.

Management Accounts

We at Marshall Smalley, think businesses should take a different, more cost effective approach. Opting for accurate monthly management accounts will allow you to monitor your business performance closely and enable you to take timely action to maximize your profits.

Benefitting from regular contact with your advisor will give you a clear understanding of the business that, in itself, means pertinent advice is available to you immediately.

Accurate management accounts can easily be converted to final tax or statutory accounts and where applicable, audit costs are minimised.

This service provides professional financial management of the business at a fraction of the cost of employing full-time accounting staff.

We can offer a service tailored to meet your individual business requirements which might include:

• Attending your premises to complete monthly, quarterly, half yearly management accounts.
• Meeting with you to discuss the results, performance indicators and tax implications.
• Assisting with accounts and staff training to help you overcome any processing problems.
• Preparing VAT returns at the same time as management accounts

Audit

Our audits are carried out in accordance with legislation and best practice, using our own proven internal quality control procedures. In addition to providing the business assurance required, we carry out audits with the supplementary aim of detecting problems, pinpointing efficiency improvements and revealing opportunities which could add value to your organisation.

We also have experience in the following specialist auditor assignments:

• Internal audit
• Due diligence audit work
• Reporting on expenditure related to other government grants (including National Lottery funding)
• Advising on the new audit exemption rules for SME limited companies

Assurance