We offer a partner-led solution that is customised to your company's requirements and can include pre-year-end planning meetings and, if necessary, on-site assistance.
When you work with us, the service you receive is crafted to you and your business. Whether you need assistance in preparing management reports or just need a partner to handle your year-end accounting requirements, our team is committed to providing the right level of support.
Compliance services
PHG offers organisations of all sizes top-notch compliance services.
Qualified specialists
Our team has years of experience with iXBRL tagging, business tax returns, financial statement preparation, and aiding with consolidation work.
Integrated support
We give your accounting and finance staff unified support.
Accounting Features
We have a wide range of experience, which includes:
Local Legal Compliance
Keeping you in line with local legislative compliance standards
Accurate Reports
Internal and external reporting is accurate and transparent, as required by your stakeholders.
Resources
Providing resources on secondment where needed
FAQs
- What accounting standards does the United Kingdom employ?
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The body of accounting standards produced by the UK's Financial Reporting Council (FRC) is known as Generally Accepted Accounting Practice in the UK (UK GAAP).
- What are the financial reporting rules?
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Financial statements must include the following fundamental elements: fair presentation, going concern, accrual basis, materiality and aggregation, and no offsetting. Financial statements must be prepared at least once a year, include comparable data from the prior year, and be consistent.
- Is IFRS required in the United Kingdom?
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For fiscal years beginning on or after January 1, 2021, UK-registered listed firms must prepare their consolidated financial statements using UK-adopted international accounting standards.
