{"id":7696,"date":"2021-07-12T10:40:24","date_gmt":"2021-07-12T10:40:24","guid":{"rendered":"https:\/\/thebusinessculture.co.uk\/hey\/what-is-an-audit-and-how-does-it-work\/"},"modified":"2021-07-15T10:11:29","modified_gmt":"2021-07-15T10:11:29","slug":"what-is-an-audit-and-how-does-it-work","status":"publish","type":"know-how","link":"https:\/\/thebusinessculture.co.uk\/hey\/know-how\/what-is-an-audit-and-how-does-it-work\/","title":{"rendered":"What is an Audit and How Does it Work?"},"content":{"rendered":"<p>The word \u201caudit\u201d fills many business owners with dread, so you\u2019ll be pleased to hear that TreyBridge Accountants can oversee the process on your behalf.<\/p>\n<p>An audit is an official inspection of your accounts by an independent body. Your business is legally required to have an audit if at least two of the following apply:<\/p>\n<ul>\n<li>Turnover of \u00a310.2m or over<\/li>\n<li>Assets greater than \u00a35.1m<\/li>\n<li>More than 50 employees<\/li>\n<\/ul>\n<p>However, sometimes even very small businesses may need to undergo an audit, as it enables HMRC to ensure that everything is in order. Fortunately, your business is a lot less likely to be audited if all of your tax affairs are properly managed by an experienced accountant.<\/p>\n<p>An audit is a comprehensive process and the auditor will require access to the company accounts. This can be time-consuming and stressful for a business owner, so we\u2019re here to work with the auditor and make it as hassle-free as possible for you.<\/p>\n<p>&nbsp;<\/p>\n<h2><strong>We\u2019re here to help<\/strong><\/h2>\n<p>Want to know more about audits or require professional support? Call our Yorkshire office on 01482 235575, our London office on 0207 885 0605, or fill in our <a href=\"https:\/\/www.treybridge.co.uk\/contact-us\/\">contact form<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The word \u201caudit\u201d fills many business owners with dread, so you\u2019ll be pleased to hear that TreyBridge Accountants can oversee the process on your behalf. An audit is an","protected":false},"author":12312793,"featured_media":7695,"template":"","know_how_category":[],"class_list":["post-7696","know-how","type-know-how","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/thebusinessculture.co.uk\/hey\/wp-json\/wp\/v2\/know-how\/7696","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thebusinessculture.co.uk\/hey\/wp-json\/wp\/v2\/know-how"}],"about":[{"href":"https:\/\/thebusinessculture.co.uk\/hey\/wp-json\/wp\/v2\/types\/know-how"}],"author":[{"embeddable":true,"href":"https:\/\/thebusinessculture.co.uk\/hey\/wp-json\/wp\/v2\/users\/12312793"}],"version-history":[{"count":1,"href":"https:\/\/thebusinessculture.co.uk\/hey\/wp-json\/wp\/v2\/know-how\/7696\/revisions"}],"predecessor-version":[{"id":7719,"href":"https:\/\/thebusinessculture.co.uk\/hey\/wp-json\/wp\/v2\/know-how\/7696\/revisions\/7719"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thebusinessculture.co.uk\/hey\/wp-json\/wp\/v2\/media\/7695"}],"wp:attachment":[{"href":"https:\/\/thebusinessculture.co.uk\/hey\/wp-json\/wp\/v2\/media?parent=7696"}],"wp:term":[{"taxonomy":"know_how_category","embeddable":true,"href":"https:\/\/thebusinessculture.co.uk\/hey\/wp-json\/wp\/v2\/know_how_category?post=7696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}