Mike Ayres – Financial Services Sector Specialist
When your firm is authorised by the FCA you can display their badge to demonstrate that you have met the high standards required. With this comes additional demands upon your business to prove that your business is in a strong financial position and can weather any storms that come your way.
In addition you may hold funds on behalf of your clients and doing so increases the requirements on your systems and controls as well as the level of reporting required.
All of this can put a huge burden on your time and take you away from doing the day to day work that can help your business to grow and thrive.
Mortgage and Insurance Expertise
Outsourcing support – to assist with bookkeeping or preparing management accounts.
GABRIEL assistance – RMAR returns are generally due quarterly or half yearly, 30 business days after the period end.
Reasonable assurance – where over £30,000 of client assets are held or a Non-Statutory Trust accounts used.
Advisory services – maximising the value of your business through reducing risk and increasing profits.
Dealing with and understanding these day to day requirements of businesses in your sector (whether we assist you with them or not) helps when it comes to preparing your statutory accounts or any queries you have.
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Brighter Thinking Resources
Articles
The following articles may be relevant to mortgage and insurance firms:
Industry Links
www.fca.org.uk
www.biba.org.uk
www.insurancetimes.co.uk