‘Anna Madden’

SMEs to benefit from change in audit exemption limits

Monday, September 10th, 2012

It was announced recently by Vince Cable that the number of companies required to have an audit is to fall, following a reduction in the auditing and reporting requirements.

Following a lengthy consultation process, more businesses are able to decide if they have a statutory audit. It is expected that more than 100,000 businesses will benefit from these changes through reduced accountancy and admin costs, in addition to the time freed up to spend on running the business itself.

It will be mostly subsidiary companies which are exempt from an audit, providing their parent company guarantees their liabilities.

Additionally, the changes to the exemption criteria are expected to benefit approximately 36,000 companies. They now need to meet only 2 out of 3 of the criteria need to be exempt from an audit. (Previously all three conditions had to be met)

These criteria are:

No more than 50 employees
No more than £3.26m on the balance sheet
Less than £6.5m turnover

The changes are expected to come into force for accounting years ending on or after 1 October 2012.

If you would like to discuss your audit and accounting requirements in more detail, Anna Madden, Partner at Curo Chartered Accountants can guide you through the process. Anna can be contacted at [email protected] or on 01527 558539.



Curo makes Employer of the Year shortlist in Herefordshire & Worcestershire Chamber of Commerce Awards

Tuesday, August 14th, 2012

At Curo Chartered Accountants, we’re thrilled that the Herefordshire and Worcestershire Chamber of Commerce has just announced us as Employer of the Year finalists. 

Hundreds of businesses entered the awards and following rigorous interviews, a shortlist has now been created.

The Chamber awards will be held on September 20 at the Three Counties Centre, Malvern and we’ll be there to help celebrate the great and the good of business across the two counties. 

Anna Madden, partner at the Bromsgrove-based Curo Chartered Accountants says “Being shortlisted as Employer of the Year in the Chamber awards is a wonderful achievement in itself and we are proud to have received this recognition from such an esteemed body”.

Continues Anna “We strive to make Curo a great place to work, with our offering including continual training, opportunities which include working overseas, and an annual exercise for staff to suggest how to improve their benefits and working lives. We want to be as flexible as possible to attract and retain the best professionals and we now have an excellent team of loyal staff who we support at every step of their professional careers.”