Compliance
Both businesses and individuals have to comply with the law. For the private individual, the term ‘Compliance’ primarily refers to the submission of a self assessment tax return. However, as a business owner compliance can become more complex.
Annual accounts, should be prepared in accordance with Accounting Standards and Principals. When you need to employ people, further complexity is added in terms of Payroll, Health & Safety, Employer’s Liability Insurance etc. At Opus Accounting we have the experience and expertise to help our clients make the right decisions at the right time to protect their position and ensure they are fully compliant with the appropriate legislation.
We protect you, your business and reduce the fear of non-compliance.
Company Secretary
The obligations of Company Directors are set out in the 1300 pages of the Companies Act 2006. It is assumed that all Directors have read and fully understand their obligations! The Act covers a multitude of issues including the requirement for specific information to be displayed at company premises, upon letterheads and stationery.
Certain documents in addition to Limited Company accounts need to be filed at Companies House within stringent timeframes. Fines imposed for late filing of documents during the 2008/09 tax year amounted to £84M. Our Company Secretarial service means that we take the responsibility for these aspects of compliance, allowing you to concentrate on your business.
Accountancy Compliance
Our Accountancy service ensures that clients’ accounts are produce in accordance with applicable accounting standards, and UK generally accepted accounting principles. For clients who require an audit we will ensure that the relevant auditing standards are applied.
General Compliance
We can also support our client’s compliance with employment law, health and safety through our Business Consultancy service and via specialist strategic partners. Would you like to explore the possible delegation of some or all of the compliance issues mentioned above?
