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Retail Financial Services
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As well as acting as statutory auditor to a significant number of investment advisors, mortgage brokers and insurance intermediaries, we also provide a full range of services to these clients including:
Tax compliance and advisory services including corporation tax, PAYE and VAT;
FSA authorisation and regulatory advice; and
Corporate finance services including advising on acquisitions, disposals and management buy-outs.
Case Study - Income recognition advice to an independent financial adviser (‘IFA’) |
The timing of income recognition has been a problematic issue for IFAs for some time with a number of variety of policies being adopted in respect of commissions and fees.
Based on our knowledge obtained from working with major firms of IFAs and our technical knowledge of relevant Financial Reporting Standards and other technical pronouncements we were able to provide comprehensive advice on best practice for accounting for the income receivable on specific products.
If you would like to talk to one of our Retail Financial Services specialists and learn how else we can help you, please contact Paul Gough or your local BDO Stoy Hayward adviser.
The web site contains illustrative case studies. The names, place names and corresponding details of these case studies have been changed in order to protect the confidentiality of our clients and others and these details are purely fictional. BDO Stoy Hayward does not intend them to refer to or portray (in name or substance) any actual names, companies, businesses, entities or institutions. Any resemblance to any real person, company, business, entity or institution is purely coincidental. |