Audit and compliance

The audit department is staffed by experienced professionals. We do not employ trainees as part of a strategic decision to focus on the needs of the client.

As a consequence we have developed a most efficient and competent audit approach designed to fulfil all statutory requirements with the least disruption to the day to day operations of the business.

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Financial services reporting and audits

Imtiaz Arian heads the department responsible for a range of activities including:

  • Application to FSA for regulation for new businesses
  • Establishing UK subsidiaries and branches of American, European and other foreign companies
  • Monthly FSA compliance reporting
  • FSA audits
  • Accounting and tax compliance for regulated entities

His close personal attention to US clients in particular has led to successful entry into the UK regulated market for those clients, including hedge funds, investment and fund management businesses.

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Pension scheme audit and compliance, accounting and regulation

Andy Jepson joined the firm to fill a gap in the specialism we have by bringing a number of years of experience in the field of Pension scheme auditing and regulation.

This highly technical area is in the news for a number of reasons and the increasingly complicated regulatory matters are dealt with by Andy who acts for a large number of pension schemes.

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Insolvency and business recovery

Robert Palmer and his team specialise in delivering services to stakeholders in businesses experiencing difficulties. Robert is a qualified insolvency practitioner and the team draws on the expertise of experienced professionals in other departments within the firm.

When the problems become severe the only recourse is often liquidation or bankruptcy and as a qualified professional Robert can act as the office holder for example liquidator or trustee in bankruptcy.

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Outsourced & management accounting services

One of the most transparent value added services is the outsourced accounting services. We harness the firm's core competencies to offer a full range of business solutions from payroll, financial administration and VAT compliance through to accounts preparation and act as a company's in house accounts department. Our qualified and experienced team prepares management accounting information either in house or on client premises.

In many cases we work hand in hand with our clients and their "Big 4" auditor to produce detailed audit files.

The department is overseen by partners and staffed by experienced professionals.

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Tax planning and structuring

The tax department is headed by Keith Thompson who has a wealth of experience in a variety of complex tax issues.

The department has a specialism in tax efficient structuring and estate planning as well as dealing with onshore and offshore private clients and corporations.

International tax and financial consultancy and UK and overseas Trust matters are key parts of the work of the department.

The department is particularly strong in the area of domicile and residence and advises clients coming from overseas to the UK and often liases with the senior executives of overseas companies on issues of tax residence.

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Tax

The corporate and personal tax functions work hand in hand as our holistic approach ensures that the personal and corporate tax issues are considered as one particularly for owner managed businesses.

We offer compliance services to personal and corporate clients including preparation of tax returns and computations as well as advice on liabilities and the timing of payments.

HMRC enquiries are an ever increasing issue and we are experienced in dealing with personal and corporate enquiries.

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Overseas Companies

We act for a number of overseas companies particulary US and EU with subsidiaries or branches in the UK. We can help from the initial start-up to include company registration, tax compliance, HR issues and structuring advice through to liaising with overseas auditors.

We are aware of different countries accounting requirements and adopting local financial statements to overseas accounting conventions. We are experienced in meeting company reporting deadlines and conversant in different reporting requirements adopted by various countries.

We have advised  international groups on tax planning matters, from the UK tax implications of group strategy to how the overall tax burden can be reduced through efficient structuring of the international organisation and inter-company transfer pricing arrangements.

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Trusts

The Trust department works on all aspects form the formation of Trusts through to dealing with compliance issues such as tax returns and HMRC enquiries.

We will often work with other professional advisers, particularly solicitors on complex planning matters whether relating to UK or overseas Trusts.

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Charities

We act for a range of charities from smaller, single interest charities to larger national charities.

Charities accounting and auditing has become a more complex and specialised area in recent years and Sam Clarke has been able to use his experience as a charity trustee to expand the role of the charities department

Gallaghers is well connected in the charity world and works with a number of providers of specialist professional services to offer out charity clients access to advice in a range of related areas

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