(See also Forensic Accounting)
Poorly kept accounting information precipitates more tax, penalties and impaired business performance.
We help you maintain proper financial control by providing guidance on the following:
- Set up of accounting and reporting system
- Sales invoices, payments and statements
- Preparation of VAT Returns, management accounts and annual statutory accounts.
If you produce your own accounts, we have the expertise to help you whether your accounts are manual or computerised – or if you want to move from a manual to an electronic system.
Management accounts are a crucial tool that allow company managers to monitor the financial performance of their business and plan future development accordingly.
You need to be able to rely on your accountants to produce accurate and prompt management accounts. At Garside & Co, we have many years’ experience in doing just that, for a wide range of our clients.
We would hope that you never have to face any of the situations listed below, but if it did happen then we can work with you and your legal representatives to study and interpret the facts of the case in a professional manner.
- Contractual dispute
- Contested business loss
- Fraud investigation
- Professional negligence claim
- Royalty or copyright dispute
- Tax enquiry
Our involvement at an early stage can help to settle the matter more effectively. If there is a need to pursue litigation, we can:
- Provide the necessary information and documentation to support your case
- Produce valuations in support of a claim
- Act as an expert witness in court
Value added tax is one of the most complex tax’s in business. We can help you so that you don’t inadvertently overpay or underpay your VAT.
If you are undertaking a new project then we can help you ensure that you avoid VAT pitfalls. We can work with you from the start to ensure that the project is implemented in the most VAT efficient manner.
Land and property is a notoriously complex area for VAT purposes. We help you understand how option to tax, waiver of exemption, standard rate, 5% rate, zero rate may apply to your transaction. It’s an area where our specialist advice and support is proving valuable to clients.
We understand that whatever the size of your business there are VAT issues requiring guidance. You might for example have a major contract that needs to be signed or you may need help in submitting your VAT return. Regardless of need, we are available to answer your queries and provide specialist advice that cuts through the complexity.
We provide an efficient cost effective VAT service, which includes:
- Help with VAT registration
- Use of the most appropriate scheme for your business model
- Completing VAT returns
- VAT control and reconciliation
- Negotiate with HM Revenue & Customs to minimize disputes and represent you at VAT tribunals
Audit & Assurance
We provide comprehensive, efficient and cost-effective audit and assurance services to ensure that clients satisfy their statutory obligations.
Our dedicated audit team is trained to the highest of standards through both ongoing internal staff development and external training courses. Our audit team will ensure that the regulatory annual audit is completed with minimal disruption to your business. In doing so, we will endeavour to build and maintain the close working relationship we enjoy with each client.
One of our main objectives is to develop a detailed understanding of your business and the controls upon which you rely. On completion of the audit we will, where necessary, make key recommendations to assist you in improving management information, to ensure that your internal monitoring and control procedures are robust.
Our services include:
- Statutory and non-statutory audit
- Certifications for other professional bodies
- Preparation of statutory accounts
- Internal control and risk reviews
We can relieve you and your staff of an enormous burden by taking care of all your bookkeeping and accounting needs, including the preparation of your annual accounts.
Our first step is to work with you so we can gain a full understanding of your business. We then tailor our approach to your requirements so we can provide exactly the service you need.
Besides your core bookkeeping, we can also maintain your VAT records, prepare and audit your group pension fund, and take on short-term projects to relieve your staff of any temporary overload.
But perhaps the most important part of this service is the preparation of management accounts. These are vital to the continued success of your business. We discuss your requirements with you and provide you with tailored information and constructive advice on a regular basis.
Our experience and our personal approach to all aspects of Due Diligence adds value for our clients.
We work to time-scales, keep to the basics, and never get bogged down in irrelevancies. In addition, we maintain a regular informal dialogue so that any unexpected findings are communicated as soon as possible.
Cashflow & Profit Forecast
Profit and Cashflow forecasts enable you to manage your business to profitability and other targets.
We can provide full variance reporting of actuals against forecast with financial analysis to enable management to understand what is going on in the business and take appropriate and timely action.
Our online bookkeeping system, IRIS OpenBooks, helps us to collaborate with our clients. The system supports both VAT registered and non-VAT registered companies. It is an international web service for real-time accounting, project, time-sheet and expense recording, reporting, budgeting, credit management and invoicing. It is easy enough to use, but powerful enough to grow with you as you expand. Wherever you are located, we can collaborate and support you from our London base.