Start with your entity and its activities
Annual reporting preparation begins with a clear picture of the entity and what it does. Confirm the scope of work with your corporate services provider, including whether economic substance or other specialist reporting needs to be considered. The requirements depend on your circumstances.
Bring information together early
Keep your key entity details, relevant records and adviser contacts in an organised location. Ask your team for a tailored information list, rather than collecting documents without knowing what is needed. Use the secure exchange method agreed with your provider.
Agree responsibilities and review points
Identify who will supply information, who will review it and who is coordinating each submission. Build time for questions and approvals into the process. Let your team know about changes in activities or ownership that may affect their work.
Keep a record of what happens next
After each reporting cycle, retain the appropriate records and note the improvements that would make the next cycle easier. Bodden can help coordinate corporate administration and reporting support, with specialist advisers involved where required.
General information only. The appropriate requirements and services depend on your entity and circumstances. Please contact our team for guidance on your next steps.