Support for company in audit results in minimised tax liabilities

Case Study16th Jul 2021

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Our Client 

A company with an overseas parent, which provides sales, rental and maintenances services for heavy lifting equipment. They required a statutory audit and ongoing accounting support following the departure of a key staff member. There was also a need to address historical taxation issues. 

Our Approach 

  • Addressed the taxation issues and worked with our client and HMRC to agree a manageable payment plan which minimised interest and penalties due 
  • Provided ongoing accounting support to assist with processing and preparation of monthly management accounts 
  • Delivery of the year end audit and preparation of corporation tax computation by separate engagement teams within 2 months of the financial year end 
  • Support in the form of ad-hoc advice and provision of management information through a period of change for our client which seen significant changes in staffing and the eventual disposal of one of the key service lines offered. 

The Outcome 

  • The business secured minimised tax liabilities 
  • Management and owners were provided with reliable monthly management figures 
  • Our client receives ongoing support meaning freed up management time to focus on the day job 
  • AAB helped to minimise liabilities relating to historical taxation issues 
  • Support through disposal process allowed for a return of value to shareholders and the management team to focus on the core business going forward 

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