Our Services
We offer a wide range of professional services tailored to meet the diverse needs of our clients:-
Accounting Services
Our dedicated team of professional accountants will work with our clients on a range of accounting and financial services whilst ensuring accurate financial records and reporting. The accurate, timely information that we provide gives our business owners and their managers the ability to make better informed decisions with added confidence.
improving the speed and quality of financial reporting
Support for year-end closing and statutory reporting: preparing annual statutory financial statements, liaising with auditors (preparing audit schedules, answering year-end audit queries, updating trial balances with year-end audit adjustments)
merger and acquisition activity
cross-border transactions
converting to UK Financial Reporting Standards
improvements in the financial reporting process chain
Other reporting, such as budgets and cash flow
Other reporting, such as budgets and cash flow
Bookkeeping Services
Our bookkeeping services team provides expert advice on the best business solutions and can help you simplify the workflow of your business. We offer many options to small and medium-sized businesses - whether you need bookkeeping services weekly, monthly, quarterly or yearly. We will advise you on the simple yet best payroll systems based on the scope of your employee database as contemporary bookkeeping is not limited to recording daily financial records and figures.
Bookkeeping and management reporting (trial balance, general ledger listings, balance sheet and relevant account breakdown, profit or loss account)
Cash management (invoice/payment processing, preparing cash book and bank reconciliations)
Preparing consolidation schedules and group reporting packages
Payroll Services
Whether you are a small or medium sized company, a multinational, a brand new start-up or an established business, our objective is to help you manage your business efficiently and effectively, and with the assurance of strict confidentiality at all times. Our payroll services team will tailor the work to your specific needs, allowing you to focus on your core business without the headache of staying on top of internal and statutory deadlines.
Payroll calculation, salary and provident fund contribution payment processing
Preparation of paper or electronic pay slips
Maintenance of employee data and payroll-related information such as allowances and benefits
Calculations of statutory payments and deductions
Processing employer's returns and notifications, and remuneration statements
Assisting employer's registration for mandatory provident fund scheme and enrolment of relevant employees
Processing of employee expense reimbursements
Special projects such as reviews of company's payroll processes, procedures, or records for compliance with payroll related rules and regulations
VAT Services
Our experienced VAT specialist team, led by Sid Sohail are dedicated to the provision of VAT advisory and compliance services. Our aim is to unravel the complexity of VAT. We provide clear, concise and commercially grounded advice to directly address our clients’ needs.
We pride ourselves on solving difficult VAT problems in a practical, timely and cost-efficient way. We identify cash-saving opportunities, advise on the correct VAT treatment, and help our clients manage VAT risk.
Assistance with VAT registration
Advice on VAT planning and administration
Reviewing your existing VAT affairs to ensure compliance and efficiency.
Use of the appropriate scheme
Help with completing VAT returns
Negotiating with and obtaining clearance from HM Revenue & Customs
advising across the Fintech and Insurtech sectors in respect of maximising VAT recovery in the UK and efficient global expansion structures.
Assisting inbound and outbound businesses to understand their international registration and compliance obligations as well as advising on cross-border transactions.
Internal Audits
Sohail & Co. Internal Audits are designed to bring fresh ideas and innovation to your organisation's management, leadership teams, and Board, helping and advising to achieve your business objectives.
Regardless of the industry you operate in or whether you already have an existing internal audit department, we are dedicated to developing a framework tailored precisely to your organisation's unique requirements. Our approach is one of collaboration, working in tandem with you to construct the optimal internal audit solution.
Organisations and businesses are rightfully subjected to rigorous scrutiny regarding their corporate governance practices. It is imperative that they can clearly demonstrate the strength and transparency of their corporate responsibility and risk management approaches. These responsibilities become even more demanding due to the evolving regulatory landscape and the rapidly changing nature of the risks they confront. In this dynamic environment, management teams and boards cannot afford to be passive; they must actively monitor and address risks.
Irrespective of your organisation's size, whether large or small, we specialise in crafting and managing customized internal audit functions. This encompasses conducting comprehensive risk assessments throughout your organization and delivering insightful reports to management, the Board, and relevant stakeholders. Additionally, we design strategic internal audit programs and collaborate closely with your management team to pinpoint issues, implement tailored remedies, and establish effective controls.
Internal Audit has traditionally been a cornerstone of effective governance and should play a pivotal role in your organisation's governance processes. Beyond scrutinising financial risks and statements, Internal Audit delves into broader issues, guiding your business through the complex landscape of potential risks.
Internal Audit is instrumental in managing and mitigating risks. It offers assurance by examining your core internal controls, aiding in fraud detection and prevention, and ensuring compliance with organisational policies, corporate governance codes, regulations, and legislation.
External Audits
Sohail & Co.’s audits approach is an independent comprehensive review of your business that is supportive and proactive. Meeting with you to discuss the audits and highlight the risks and opportunities that we have identified together with providing you with summaries of the audit findings.
Regardless of your industry, whether you report under UK Generally Accepted Accounting Practice (UK GAAP) or International Financial Reporting Standards (IFRS), sohail & Co. audit service is more than a formality, we design and operate tailored strategic audit programmes to protect your business and encourage it to thrive.
Restructuring Consultancy
Businesses face a vast landscape of uncertainties including the climate crisis, the evolving socio-economic environment, geopolitical instability, changing consumer preferences and expectations as well as technological and digital disruption.
Companies that fail to quell a profit crisis through a business turnaround risk seeing their problems escalate into a liquidity crisis. Sohail & Co. restructuring consultancy is an independent global business advisory firm dedicated to helping companies focus on managing their liquidity and capital. Our corporate restructuring services cover all aspects of a liquidity crisis. The goal is to strengthen their balance sheets, boost cash flows and transition out of survival mode, not just for companies experiencing corporate distress but also for healthy enterprises indirectly affected by distress.
Corporate Structure Advisory
As companies develop and grow, systems and processes become more complex and can fall out of alignment with business strategy. Organisations can no longer afford to rely on opinion and gut instinct to make decisions about their future.
Take your company to the next level, we advise how to design your existing and future corporate structure so you can build tomorrow's business today. Sohail & Co. advisory team is structured to give each and every client, every investment and every relationship senior-level attention. Our team has deep and broad experience of designing, embedding and assuring effective global structure unique to your organisation needs.
Corporate Governance
Good corporate governance is essential to the long-term sustainable success of your organisation. Sohail & Co. understand that the most important decisions are the ones that our clients have yet to make. However, it is not just about what you do it is also about how you do it.
We are experienced in providing the satisfaction of a robust challenge, at the right time, properly planned and executed with the highest level of quality in work supporting practical advice and implement corporate governance practices fit for your business and your challenges. Above all things, our strategic governance advice will ensure that you meet all compliance requirements and deadlines. The right governance framework can drive increased turnover, efficiency and profitability and is fundamental to strong business performance.
Tax Planning and Compliance
Our tax experts will develop customised tax strategies that minimise your tax liabilities and help you make the most of available incentives and reliefs.
From assessment of your financial statements to preparing financial statements, we provide a solid foundation for your financial decision-making.
Stay compliant with UK tax regulations whilst optimising your tax position. We will ensure compliance with statutory requirements and identify areas for improvement in your internal controls and financial processes.
Business Advisory
Receive strategic guidance and expert insights to enhance your business performance. Our advisors will work closely with you, offering solutions for business planning, financial forecasting, cash flow management, and growth strategies, helping you make informed decisions that drive sustainable success.
Corporate Finance
Whether you are looking to raise capital, explore mergers and acquisitions, or undertake financial due diligence, our corporate finance team has the expertise to guide you through complex transactions and maximise value for your business.
Wealth Management
Our wealth management services aim to help you preserve and grow your personal wealth. We provide personalised and tailored investment strategies, retirement planning, estate planning, and asset protection solutions tailored to your unique financial goals and aspirations.
