Audit
Independent audit services in Sheffield that add value
An audit gives your shareholders, lenders, investors, customers and suppliers independent assurance that your financial statements give a true and fair view of your business. At Hollis and Co, we believe a good audit should also give you practical insight into your business, not just tick a compliance box. We provide audit services to companies across Sheffield and South Yorkshire.
Statutory audits
Under the Companies Act 2006, many companies must have their annual accounts audited. For accounting periods beginning on or after 6 April 2025, a company generally qualifies for small company audit exemption if it meets at least two of the following:
- Annual turnover of no more than £15 million
- Balance sheet total of no more than £7.5 million
- No more than 50 employees on average
Some businesses must be audited regardless of size, including certain regulated businesses and some companies within groups. We'll confirm whether an audit is required for your business.
Voluntary audits
Even if you're exempt, a voluntary audit can be valuable. It can strengthen your position when applying for finance, reassure investors or prospective clients, support a business sale, and improve your internal controls.
Our approach
Our audits are carried out in accordance with International Standards on Auditing (UK) by registered auditors regulated by the ICAEW . We take time to understand your business and plan an efficient audit focused on the areas that matter most. We keep disruption to a minimum and communicate clearly throughout. Alongside our audit report, we'll share practical recommendations on your financial systems and controls.
Need an audit in Sheffield or unsure whether you require one? Contact Hollis and Co to find out more.
Our staff can make sure you maximise your exemptions while demystifying the complex world of capital gains tax, whether you're considering investments, a second home, or another asset.
Every year, corporation tax rates and reliefs vary, so we make sure we can offer all the necessary assistance and advice when examining potential exemptions, allowances, and deductions. In order to make sure you are in compliance and avoid fines, we will carefully evaluate and produce corporate tax filings.
Whether you're considering investments, a second home, or another item, our staff can make sure you maximise your exemptions while demystifying the complex world of capital gains tax.
We can help walk you through the complicated subject of personal taxation, we are aware that it can be challenging to grasp, therefore we support you every step of the way. By developing a tax planning approach that works for your tax situation and helps ensure you pay the least amount of tax, we eliminate the time and worry involved. Our staff will provide guidance on when payments are due in addition to what paperwork must be submitted and returned in order to maintain compliance.
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Latest news from [Company name]
The government has published a technical consultation on its new Founders’ Relief. The consultation itself provides an overview of the proposed qualifying conditions for it, including individual and company requirements and what must be satisfied. HMRC’s own figures, however, show that the strict conditions mean only about 600 individuals will be eligible to apply each year.
It’s bad news for mortgage holders and borrowers as the Bank of England (BoE) raises interest rates by a quarter point to 4% for the first time since August 2023.
If your company is involved in processing Overseas Workday Relief (OWR) elections and claims for 2025-26 Self Assessment tax returns, you might be facing problems.
Here are our top 25 changes that businesses should note from John Healey's first budget. Some of those listed may have already been announced but are now confirmed in the Autumn Budget.
Britain’s financial markets barely blinked following Wednesday’s Budget. The Chancellor, John Healey, began his first budget by targeting savers, property owners and banks.
HMRC are reminding businesses about two difficult payment deadlines.
The government-established Office of the Small Business Commissioner (OSBC) has been publicising its Small Business Plan that offers tailored funding to smaller businesses.
HMRC have concluded that the Cabinet Office failed to take reasonable care when applying the Off-Payroll Working (IR35) rules. The Cabinet Office has set aside £38.5 million for unpaid Income Tax, National Insurance and interest. A penalty of up to £8.9m could follow.
35 Wilkinson Street
Sheffield
S10 2GB
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