see also...
Authorised public accountants - an extensive range of services
Authorised Public Accountants are independent business advisers. They are in a position to help you build and develop your business. Authorised Public Accountants can offer an extensive range of services. Some of the types of services they may offer are listed below.
Advice on starting up a business
AAPA business advisers may offer advice on the legal form most appropriate to starting up a business. In addition they may advise on related legal and taxation issues, business plans for presentation to banks, and what you should expect when starting up a business.
Accounting and bookkeeping
Advice can be provided on setting up business systems, from basic bookkeeping (cashbook) to comprehensive management reporting. Some accounting firms will undertake the bookkeeping function, which may also include VAT return preparation. Practitioners can also assist in the preparation of year-end accounts.
Advice on running and managing a business
Both AAPA practitioners and non-executive directors (NEDs) can provide independent advice to managers of businesses; such help can be used in a variety of ways, including:
- providing an external independent view
- overseeing the stewardship of the chairman/chief executive and board members
- encouraging and developing new ideas
- assisting the company in difficult situations
- bringing specialist knowledge
- maintaining an ethical climate.
Tax - statutory requirements and planning opportunities
AAPA business advisers are able to offer advice on tax including corporation tax, income tax, capital gains tax, PAYE and VAT. In addition, business advisers can also offer tax planning advice and minimise your tax liability now and in the future.
Management accounting
AAPA business advisers may set up systems to ensure that you know how your business is performing. Additional services offered include budgeting and performance monitoring and helping to ensure that a business runs in a smooth and efficient manner.
Corporate finance
AAPA business advisers may offer advice on how to finance a business and how to buy or sell a business, as well as other related considerations.
Auditing a company
AAPA business advisers, who are registered auditors, may audit a company's accounts - such an audit may, in some circumstances, be required by law.
Investment advice
Advice may be sought on pensions, unit trusts, life insurance etc., from advisers authorised to give investment business advice.