Schools & Academy Accountants

A growing number of schools are considering the benefit of becoming academies. To help evaluate this option and to help manage the transition, Just Accountants have partnered with a panel of school accountants with specific and specialist knowledge in this sector.

When considering becoming an Academy it is essential that your professional advisers are able to support you through the process and provide you with relevant and timely advice that is in line with government legislation.

Of key importance is financial accounting, software, payroll, employment tax issues, pension arrangements, internal and external audit and VAT.

Whether you are responsible for the well-being of an independent school, academy, college or an educational facility, you need to ensure that you are benefitting from any available grants and tax schemes, and make appropriate use of any trading subsidiaries.

If your school is considering becoming an academy, speak to one of the accountants on our panel of academy accountants that specialise in this area. They will be able to guide you through the regulatory requirements that come with academy status including:

• External audit
• Statutory accounts preparation
• Setting up accounting systems
• Financial procedures and policies
• Responsible officer role
• Corporate governance
• Tax and VAT advice

You will need an accountant that is fully trained in academy audits and fully conversant with the Academies Financial Handbook.

Accountants for Schools

Schools are often able to claim additional income by way of grants. A specialist accountant should be able to assist you with the completion of the application and the audit of the subsequent spend.

On occasions the board of governors may seek specific support or advice regarding pension schemes, charitable status and/or employment/HR matters. These are areas where our accountants may be able to assist and provide value added services.

With the plethora of issues faced by the industry it is essential you employ professional advisors that are up-to-date with current legislation, understand the industry, can provide advice and guidance training, and perform strategic tax planning. Just Accountants are able to introduce schools and academies to accountants experienced in this sector.

For more information on school accountants and to discuss your requirements with one of our experts please Contact Us today.