We listen because we want to hear how we can help. By meticulously understanding your goals and challenges, we can offer you better insights and information. An audit from HaysMac is about more than numbers and simply meeting statutory requirements. It can help you solve problems, identify risk and reduce it, and improve your performance. It adds real value.

Every client is unique, so we don’t rely on standardised checklists. By using data analytics, we can focus on what matters most, making the process as relevant, useful and cost-effective as possible.

We’re dedicated to ensuring our clients are compliant, reassured and satisfied; consequently they’re happy to recommend us. In fact, much of our business comes from referrals.

Our range of audit and assurance services offer you technical excellence, transparency and a robust, painstaking approach:

• Statutory audits

• Voluntary audits

• Assurance reviews

• USAID audits

• Employer covenant reviews

Reputational risk is a threat to all charity and not for profit organisations. Our delivery of your internal audit function will be based around the overarching mission of protecting the integrity of your organisation and its status.

Our internal audit approach is all about adding real value, not just ticking boxes. We’ll build on your strengths, identify areas for improvement and provide practical solutions. We have extensive experience in reviewing governance structures and benchmarking against comparable organisations and can share the best practice ideas with you.

We can complete a range of reviews including, but not limited to:

• Remote working and IT security

• Supplier payments including international payments

• Compliance

• Financial resilience

• Financial governance

• IR35

Our not for profit tax team aids in filing charity tax returns for charitable entities and annual returns for non-charitable entities. We leverage tax compliance to identify tax planning opportunities and future issues both in the UK and internationally.

Our tax compliance service for charitable entities includes:

• Accurate preparation of the tax computations and returns, including the charity supplementary pages.

• Detailed analysis of the statement of financial activities (SoFA) and balance sheet figures to HMRC definitions/requirements.

• Reviewing income streams and highlighting any areas of risk.

• Identifying opportunities to maximise Gift Aid on voluntary income.

• Advising on PAYE and National Insurance issues in respect of benefits in kind

• Advising on their compliance reporting obligations under the business expense payments regime

• Drafting and updating staff expense and travel expense policies

• Assisting with HMRC employment status reviews and helping to implement an internal review process

• Structuring termination payments

• Advising on National Living and Minimum Wage regulations

• Managing HMRC reviews

Our tax compliance service for non-charitable entities includes:

• Accurate preparation of the tax computations and returns.

• Advice on Qualifying Charitable Donation (QCD) payments to charitable parent companies or other related charitable entities.

• Considering group matters to enhance worldwide tax efficiency where appropriate.

• The timely preparation of tax journals, deferred tax and accounting disclosure tax notes for the accounts.

• Gift Aid: Our specialist tax team can assist with ensuring that Gift Aid is maximised for charities, enhancing voluntary income and mitigating tax risks. We also offer tailored in-house training and would be happy to advise on specific fundraising campaigns or events.

• Creative sector tax reliefs: We assist arts and culture businesses with claims for Theatre Tax Relief, Museums & Galleries Exhibition Tax Relief, and Orchestra Tax Reliefs. Our expertise includes preparing claims, providing templates, calculating methodologies, and ensuring claims are robust and compliant with HMRC standards.

• Employment tax: Our experts navigate complex employment tax legislation, providing advice on PAYE and National Insurance, compliance reviews, health-checks, expense policies, salary sacrifice, termination payments, and off-payroll working.

• Charity tax reliefs: There are many direct tax reliefs available to a charitable company, subject to specific tax legislation requirements. Our team will help your charity to navigate specific legislation to ensure that valuable tax exemptions are preserved.

• Group structuring: We can assist with the complexities of the UK tax system for non-charitable group companies engaged in commercial activities for a charitable group. This relationship can be beneficial for the overall tax position of the group but it does bring additional tax compliance requirements. Our services include advising on optimal structuring to enhance overall tax efficiency while ensuring compliance with Corporation Tax and charity law requirements.

• VAT: Handling VAT complexities is our specialty. We prepare and file returns, manage inspections and HMRC enquiries, and advise on complex transactions. Our VAT services are comprehensive, covering compliance, exemption methods, cross-border transactions, and guidance on Making Tax Digital, ensuring practical and accurate solutions.

Governance, risk and control are increasingly important concerns for all types of boards. We can help you improve the leadership and control in your organisation so you can manage opportunities and avoid risk efficiently and effectively.

We look beyond the purely financial risks to assess how well your governance and control processes are working, and give you an independent view of your performance.

Our internal audit approach is all about adding real value, not just ticking boxes. We’ll build on your strengths, identify areas for improvement and provide practical solutions. We have extensive experience in reviewing governance structures and benchmarking against comparable organisations and can share the best practice ideas with you.

Also, as trustees, school governors and non-executive directors ourselves we have first-hand experience of the challenges of implementing good governance and we’ll give you the training and support you need to ensure the measures are successful.

We can give you independent and constructive advice and support through a wide range of services including:

• Financial benchmarking

• Risk register/maps

• Risk workshops and training

• Financial governance reviews, IT security, IT mapping

• Trustee training

• Financial management and information systems

• Business process improvements

• Fraud control reviews

• Internal audit

• Disaster recovery planning

• Trustee recruitment

• Governance reviews

• Governance benchmarking

• Facilitation of boards

• Internal audit testing for academies

Mergers between charities are generally considered to strengthen shareholder value, enhance the organisation’s position in the market and accelerate its growth. However, such moves do need to be carefully positioned and managed to ensure success.

That’s why it’s essential to make an informed decision at the outset. The three key aspects to focus on when making an investment decision are:

• Ensuring you have a clear understanding of the other organisation

• Identifying and understanding the risks, potential issues and business drivers

• Ensuring your analysis allows you to draw detailed conclusions and decide whether to proceed