Milsted Langdon offers particular expertise in working with academy schools, drawing on our comprehensive experience in accountancy, audit, business development and tax compliance.
Our academy schools team offers in-depth understanding of what is required for compliance with the Department for Education and other relevant bodies.
For schools considering and implementing transition, we can assist governors and the finance team by reviewing existing financial arrangements and issues and advising on, and helping to put in place, robust internal controls and procedures. We can also help implement appropriate accounting systems to draw out key data to help schools operate more efficiently and effectively and to inform decision-making.
After conversion, we can provide a full compliance service, including the statutory accounts preparation and audit, to keep academies compliant with the Companies Act and Charities’ Statement of Recommended Practice (SORP) and all other relevant regulations.
Professional management accounting is crucial to financial efficiency and tracking how the school is performing, to support day-to-day decision-making and longer-term planning. We are able to prepare meaningful management accounts and assist in interpreting the information to maintain and improve performance, working alongside the school’s responsible officer as required.
We also offer expertise in specialist areas, including VAT, PAYE, corporation tax, the use of trading subsidiaries and property issues.
Other areas of expertise include advice on pension issues for both teachers and non-teaching staff and tax planning advice relating to charitable income.
We operate a payroll bureau service for those academies who wish to outsource this service.
Academy status requires schools to become more businesslike in the way they operate, including making the best possible use of their budgets, for example by shopping around for external providers.
We provide a range of cost-effective services to assist and support academy schools which are delivered in a professional and understandable way.