A to Z has experience in dealing with accounting for insurance companies. This is a specialist area requiring expertise and a thorough understanding of the sector. Certain sectors need specialist accountants with a great understanding of the sector and insurance is one example of this type of company. We know what financial records insurance companies have to keep and how they have to be presented to HRMC and other bodies such as the Financial Services Authority (FSA), for the purpose of reporting your financial dealings and complying with legislation.
Since our formation in 1980, we have helped companies from across the different verticals including accounting for insurance companies. We can help with payroll, bookkeeping, corporation tax, company registration and company compliance with other ruling bodies such as the FSA and the FCA (Financial Conduct Authority).
In 2017 the International Accounting Standards Board launched a new set of regulations, IFRS 17, which was an international standard designed to make it easier to understand insurers’ notoriously complex financial statements. The Financial Times described it as “UK insurers hit by biggest accounting shake-up in decades” The new standard has taken 20 years to complete and means it is easier to compare financial companies in different countries. You can read more about it here in The Finacial Times Report.
We offer impartial advice and will do our best to advise you on the best course of action for you to take. So if you’re looking for our services & would like to know more. Please give us a call today to schedule your free consultation. Or fill out a contact form and we’ll respond within 24 hours.