ADD & SUBTRACT HELPS YOU WITH

Year-end reports

There are legal requirements for limited companies of a certain size to have an accountant. The accountant’s role is to carry out an independent check of the work that has already been done. During the audit, usually in connection with the annual accounts, Add±Subtract’s chartered accountant will audit the company’s accounting and produce an auditor’s report.

The financial statement is an alternative means of quality assurance for accounting for small companies that choose not to use an accountant. We can draw up a financial statement for all types of companies, even private businesses and trading companies. The financial statement has been drawn up by the trade associations Srf Konsulterna (Association of Swedish Accounting and Payroll Consultants) and FAR (Swedish Institute of Authorized Public Accountants).

What is an audit report?

When an auditor has audited the bookkeeping and accounting of a company, the auditor prepares anaudit report. An audit report is the end-product of an audit and states whether thecompany has presented a true picture of its finances in its year-end reports. The audit report must include a statement regarding whether the annual accounts comply with laws and regulations.

What must an audit report contain?

An audit report must include a statement regarding whether the annual accounts comply with laws and regulations. The auditor should also include a number of recommendations in the audit report, such as whether the Board should be granted a discharge for the period audited, whether the income statement and balance sheet should be adopted by the annual general meeting, and whether the proposed allocation of profits should be approved. Any objections or comments regarding taxes and fees, or errors that may give rise to liability for damages must also be included.

The audit report must clearly state the accounting period to which it relates, the method by which the auditor has compiled the report, and whether any documentation needed in order to come to a conclusion is missing. Finally, the document must be signed by the accountants performing the audit.

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Auditor or not?

Year-end report – for those who don’t want to retain an auditor

As you are aware, in 2010, the legally-mandated audit requirement was abolished. Instead, there is the option to choose to prepare a year-end report as quality assurance of a company’s accounting. The year-end report complies with the international standard used in other EU countries, where there has long been an established process for this type of quality assurance of accounting and financial reporting.

A year-end report can be prepared for all forms of businesses, including sole proprietorships and partnerships. This makes possible the quality assurance of businesses that start in a form other than as a limited liability company. Ever since 1 July 2011, it is also possible to provide quality assurance of semi-annual and quarterly accounts, as well as other periods of less than one year.

It is important to instil in government agencies, banks and other interested parties a sense of trust in the financial accounting of your company. Retaining a chartered accounting consultant who can manage the finances of your company, provide you with financial advice and prepare a year-end report increases the confidence of the market in your company. The year-end report acts as a guaranty and evidence that your accounting maintains a high level of quality. Many surveys of credit institutions show that creditworthiness is highest amongst those businesses that prepare a year-end report.

Auditor or not?

Year-end report – for those who don’t want to retain an auditor

As you are aware, in 2010, the legally-mandated audit requirement was abolished. Instead, there is the option to choose to prepare a year-end report as quality assurance of a company’s accounting. The year-end report complies with the international standard used in other EU countries, where there has long been an established process for this type of quality assurance of accounting and financial reporting.

A year-end report can be prepared for all forms of businesses, including sole proprietorships and partnerships. This makes possible the quality assurance of businesses that start in a form other than as a limited liability company. Ever since 1 July 2011, it is also possible to provide quality assurance of semi-annual and quarterly accounts, as well as other periods of less than one year.

It is important to instil in government agencies, banks and other interested parties a sense of trust in the financial accounting of your company. Retaining a chartered accounting consultant who can manage the finances of your company, provide you with financial advice and prepare a year-end report increases the confidence of the market in your company. The year-end report acts as a guaranty and evidence that your accounting maintains a high level of quality. Many surveys of credit institutions show that creditworthiness is highest amongst those businesses that prepare a year-end report.

ADD & subtract – more than just accounting

Taxes

The tax system is constantly changing. We offer professional advice on corporate and private taxation.

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Accounting

We will give you competent help with accounting, payroll services, annual accounts, income tax returns, financial control, analyses, company registration matters, etc.

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Audit

Our chartered and approved accountant acts as a sounding board and will help you develop your company and business concept in the long term.

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Payroll services

We will help you with payroll accounting, paying salaries, retirement annuities, and statements of earnings and deductions for employees, etc.

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Organisation & financing

We produce routines to make the work with the company’s finances easier on many levels and propose solutions for improved liquidity and higher earnings.

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Liquidations

We can handle the whole process of liquidating a company, including communication with shareholders, liquidation of assets and liabilities, production documentation and preparation of the final statement of accounts.

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Family business matters

We can help in all the company stages: setting up, questions about partnership, restructuring, mergers, sales, liquidation, etc.

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Start-up

As a new business owner, keeping track of bookkeeping and various taxes is often no easy task. If your goal is rapid growth, it’s better to let us take care of these matters so you can focus on your core business ideas and activities.

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Housing cooperatives

Add & Subtract has offered packaged solutions for the financial management of housing cooperatives for many years. Our service makes it easier for the board and members to manage the cooperative’s finances and taxation, in addition to board members’ responsibilities.

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