As skilled and qualified accountants, we have the experience and know-how to compare companies and industries to inform your business needs effectively. We can complete this onerous task on your behalf, freeing up your time to focus on other elements of your company.
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There are many times when it is necessary to analyse and compare companies and industries and create an industry comparison containing all relevant details. Comparing companies and drawing up industry reports involves considering numerous elements; whether comparing a single company to an entire industry, investigating a company, or comparing one company with another, some questions must be asked.
The main question to ask about a company when comparing or investigating it is whether it is a private or public company? Private companies have no obligations to reveal a lot of information, unlike public companies and are, therefore, it is more complicated to look into their affairs.
Obtaining Financial And Non-Financial Data: Data is the key factor when analysing an industry or company. Both financial and non-financial information is important in finding out key details, including:
- The company’s annual report is released to the company’s stockholders.
- Biographies of the company’s executive officers
- A full company history
- Subsidiary companies owned by the company
- Competitors in the market
- Industry reports
- Industry codes
- Market share of the industry
- Averages, norms and ratios
- Import and Export data
- News reports about the company
By looking at all of this information, it is possible to draw comparisons between industries and companies and compile a report comparing these factors.
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We are giving free advice on general questions and this is one way of paying back to our local community who cannot get through to tax man. But if your question is of specific nature, we will tell you about our fee.
You can certainly ask question about accounting but you should know that we cannot teach you accounting over the phone or online. If you are not familiar with book keeping or accounting, its best to hire an accountant?
If you are only after advice, we will make a decision after hearing question. It may take further investigation and we may have to look into your personal circumstances to answer your question.
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If a person already has 35 qualifying years or is likely to do so by the time that they reach state pension age, missing a year will not adversely affect their state pension entitlement. However, if they have less than 35 years (and will be able to reach the minimum 10 years needed for a reduced state pension by the time that they reach state pension age) making voluntary contributions can be worthwhile.
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