Accounting & Regulatory Reporting

An initial review of entities and previous compliance work and review of all documentation completed and provided to intermediaries.

Setup to pre-agreed standard template on Global NAV.

Bookkeeping all transactions occurring in the financial period including bank account management/ reconciliations - compliance with IFRS if required. Consolidated asset and liability reporting.

Initial classification of entity substance status.

Making payments on time, to correct recipient, in the correct currency once the payment has been authorised.

Keeping track of economic substance in all relevant jurisdictions.

Keeping trust information up to date on relevant registers.

Support on audit-related or other statutory and regulatory queries, as required.

Performing compliance services for multi-jurisdictional entities.

Normally only an annual tax return filing is required to be provided though services such as VAT processing and completion services are offered in some jurisdictions.

Preparation of annual entity accounts and filing if required.

Specialist provision of accounting services, for fraud and other investigations, via expert with inter alia insolvency experience. 

Provision of a statutory regulatory officer to client. 

Initial classification of entity FATCA / CRS status.

Reporting obligations in line with common tax compliance regulation.

This service is often related to changes in related persons, structure and potentially investments (so called "trigger events"), facilitated by the administration teams and utilising the support teams for the data gathering and data checks.

Maintenance of statutory and regulatory registers and associated records. Preparation and approval of relevant statutory, regulatory and tax filings. Report to the client summarising activities in the structure and includes copies of accounts, investment monitoring analysis, substance, CRS, GDPR Filings, structure charts and items for review with the client.

Regulatory, legal, statutory reviews required the frequency is normally based on the risk rating for the structure and/ or associated legal persons.

In conjunction with tax advisors, legal advisors and/or investment consultants as appropriate, the review of the risks relating to a structure for structure parties following a change in the structure e.g. domicile of a legal person associated with the structure and/ or a change to the investment portfolio and/ or strategy, for example, to beneficiaries.

Structured report on the financial performance of assets; often undertaken either through the use of a third party of by the use of third part software e.g. Arc Software.

Specifically the provision of accounts payable services or billing/ accounts receivable services.

Bespoke to client and their circumstances/objectives, payroll services as part of HR support services.

Bespoke to client and their circumstances/objectives e.g. paying bills, provision of consolidated information (expenses, income, assets held) as required by client. Consolidated asset and liability reporting. Preparation of management accounts.