Registered societies audit
Our expert accountants have years of experience in preparing and auditing accounts for registered societies and organisations that prepare accounts under the Co-operative and Community Benefit Societies Act 2014. These organisations were formerly known as industrial and providence societies.
There are specific regulations and disclosures relating to these types of accounts so having an accountant who is experienced with dealing with this type of entity is crucial.
Using a Bevan & Buckland accountant will ensure that the often complicated process of preparing registered society accounts is handled safely and efficiently. The resulting accounts will comply with the law and meet your statutory duties.
Many registered societies can be exempt from tax. This requires careful negotiation with HMRC, which is an area B&B are expert in.
Accurate accounts are critical to help you understand how your business is performing. If your society does pay tax we will help you ensure you claim all allowances to reduce tax bills.
We will meet with you to ensure the accounts are understood and that they can be interpreted in a way that will improve your society’s performance, for example by finding tips to improve cash flow or profit.
When preparing your accounts, we will also look for ways to improve all your systems and processes, giving you clear, detailed feedback ways to improve your accounting systems.