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Financial Consultation
Tax & Social Security Consultation

Financial Consultation

Many clients engage us for accounting, audit and tax work and come back to seek our advice about a wide range of business concerns such as the restructuring of their business, refinancing borrowings, advising on mergers and on the acquisition and sale of businesses, and computer selection.

Sarrouh advise and assist solicitors and barristers in assessing the accounting and financial aspects of their cases. This often leads to frequent consultations with legal advisors who require our firm to prepare briefing notes and reports for tendering in court.

Our management advisory services include corporate and personal financial planning, cash flow management, organization chart and, job descriptions, systems evaluation, flow of documentation, budgeting and forecasting, business valuations, feasibility studies and due diligence, the valuation of shares, the development and implementation of a negotiating strategy to maximize the financial return for our client in many situations.

Sarrouh is creative business advisors. We listen to our clients' concerns, learn about their businesses, and give them the answers they need in order to make sound business decisions.

Our Consultancy includes:

  • Advice on the appropriateness of policies in particular business circumstances, including acting as arbitrator or an expert witness.
  • Implementation, follow-up and review of financial accounting.
  • Advice on the valuation of interest in business.
  • Participation in setting up accounts through the design and follow-up of the cost accounting system, the implementation of accounting plans and the preparation of periodical financial positions, balance sheets and income statements.
  • Financing, including advice on sources of finance, assistance with preparation of budgets, cost analysis, margins, profitability, negotiation of finance.
  • Preparation of reports for investment banks and financial institutions.
  • Business expansion advice.
  • Assistance in preparing management reporting, budgetary control and advice on methods to improve profit or reduce costs, particularly in the financial areas.
  • Advice on the evaluation and selection of microcomputer systems and related software, and their installation.


As an owner you have more important things to do than to keep your own books. We take care of your books for you, so you can get back to the job of running your business and generating profits!

Each month or quarter we'll do the following things for you...

  • Reconcile your bank account
  • Generate an income statement 
  • Generate a balance sheet
  • Clean up your general ledger
  • Provide unlimited consultations

These tasks form the solid foundation of your accounting system. You can customize the package of services you receive by adding payroll, tax planning, tax preparation, or any of our other services.

Bank Reconciliation

Reconciling your business checking account each month allow us to keep your bank account, accounting, and taxes up-to-date.

Having us reconcile your account each month allows you to...

  • Identify lost checks, lost deposits and unauthorized wire transactions.
  • Detect and prevent excess/unjustified bank charges and ensures transactions are posted correctly by your bank.
  • Detect and prevent embezzlement of funds from within your company.
  • Know how your business is doing? You can't really know unless all accounts are reconciled and properly accounted for on your financial statement.
  • Manage your cash more effectively. Proper management of funds not only saves money, it makes money for you.
  • Protect yourself. By timely reconciling and promptly objecting to your bank about any unauthorized, fraudulent or forged checks presented to your bank and paid by that bank, you can relieve your agency of responsibility for the shortfall and transfer the risk to the bank. This reason to reconcile alone should be enough. Crime exists.
  • Sleep Better. You will sleep more peacefully at night knowing your bank accounts are reconciled, in balance and that all escrow funds, accounts, checks and disbursed funds are properly accounted for.

Income Statement

An income statement, otherwise known as a profit and loss statement, basically adds an itemized list of all your revenues and subtracts an itemized list of all your expenses to come up with a profit or loss for the period.

An income statement allows you to...

  • Track revenues and expenses so that you can determine the operating performance of your business.
  • Determine what areas of your business is over-budget or under-budget.
  • Identify specific items that are causing unexpected expenditures. Like phone, fax, mail, or supply expenses.
  • Track dramatic increases in product returns or cost of goods sold as a percentage of sales.
  • Determine your income tax liability.

Balance Sheet

A balance sheet gives you a snapshot of your business' financial condition at a specific moment in time.

A balance sheet helps you...

  • Quickly get a handle on the financial strength and capabilities of your business.
  • Identify and analyze trends, particularly in the area of receivables and payables. For example, if your receivables cycle is lengthening, maybe you can collect your receivables more aggressively.
  • Determine if your business is in a position to expand.
  • Determine if your business can easily handle the normal financial ebbs and flows of revenues and expenses? 
  • Determine if you need to take immediate steps to bolster cash reserves?
  • Determine if your business has been slowing down payables to forestall an inevitable cash shortage?

Balance sheets, along with income statements, are the most basic elements in providing financial reporting to potential lenders such as banks, investors, and vendors who are considering how much credit to grant you.

Maintaining a Clean General Ledger

The general ledger is the core of your company's financial records. These records constitute the central "books" of your system. Since every transaction flows through the general ledger, a problem with your general ledger throws off all your books.

Having us review your general ledger system each month allows us to hunt down any discrepancies such as double billings or any unrecorded payments. Then we'll fix the discrepancies so your books are always accurate and kept in tip top shape.

Unlimited Consultations

We are always available to spend time with you so you fully understand how to interpret and utilize the financial information we provide. Our consultations are already included in our price, so please feel free to call us whenever you have a question or concern.


Our firm has the expertise and resources to carry out statutory audits for a large range of clients.

Consistent with Sarrouh-Audit philosophy of quality service, our audits are more than just statutory audits. We have a broad practical knowledge of auditing, both on a local and international scale. Our aim is to conduct every audit with maximum efficiency and so provide clients with genuine solutions to problems that may arise.

Our audit staff is trained to identify and discuss with the client, potential problems or areas where the client could derive significant benefits. It is this attention to detail that distinguishes Sarrouh-Audit from many other accounting firms.

Whilst it is necessary for auditors to maintain an appropriate level of independence, we encourage our staff to develop a relationship of mutual respect and understanding with senior management within the organization we are auditing. To benefit the client we endeavor to have the same staff particularly at senior level, on an audit from year to year, to improve efficiency.

At Sarrouh-Audit we can assist clients in setting up the optimum business structure by establishing workable accounting systems and advising on reporting systems and the preparation of periodic or annual accounting.

Our audit approach can be illustrated as follows:

  • Business Review
  • Evaluate Risk and Review Internal Controls
  • Determine Audit Strategy
  • Assess Control Effectiveness
  • Develop and Implement Testing Plan
  • Evaluate Results and Review Financial Statements
  • Audit Report on the Financial Statements

Audit Reports to the Board and Management.


We provide a wide range of tax & social security services to companies, partnerships, individuals and trusts. These are available not only to clients who use our auditing and accounting services, but to any business enterprise or individual requiring specialized tax & social security advice. The services provided fall broadly under two headings:

  • Assistance to clients in meeting their tax & social security compliance obligations.
  • The provision of specialized tax & social security planning advice which aims to ensure that clients' businesses and financial affairs are arranged in an orderly manner with proper regard to the incidence of tax & social security.

These services encompass a number of areas which include the following:

Companies, compliance:

  • Preparation of companies' tax & social security computations for submission to the local tax & social security authorities.
  • Advice regarding appeals against tax & social security assessments and tax & social security payments.
  • Individual, partnership, and trust tax & social security compliance.
  • Preparation of the appropriate tax & social security returns for submission to the tax & social security authorities and handling of any subsequent correspondence, discussions, etc., with the local tax & social security authorities in determining the tax & social security liability.

Corporate tax & social security planning:

  • The structure of business operations operating through groups or divisions.
  • Corporate and group reorganizations.
  • Mergers and acquisitions.
  • Optimizing the use of available relief and allowances.
  • Planning dividend policy.
  • Executive remuneration.
  • Tax treatment of fringe benefits.
  • Planning of overseas assignments.
  • Stock options and share incentive schemes.
  • International tax planning.
  • International group structures.
  • Profit repatriation planning by use of dividends or royalties.
  • Minimizing the incidence of double tax.
  • Advice on tax aspects of foreign currency fluctuations.
  • Advice on double tax treaties and their effects.
  • Advice on tax & social security systems in other countries.
  • Advice on tax & social security structuring of corporate acquisitions overseas.
  • World tax reviews and utilization of losses.

Personnel tax & social security planning, including

  • Structuring personal business operations.
  • Planning for business start-up e.g. partnership and other companies
Establishing offshore and holding companies in countries whose rules and regulations allow formation of such companies, handling financial, accounting and tax & social security affairs of these companies and preparing financial and other statements for tax & social security purposes.