Richard Bing

• Streamlined invoice processing reducing errors and delays.
• Reviewed and updated internal financial policies, ensuring compliance with regulations.
• Led forecasting exercises to anticipate future business needs.
• Conducted thorough risk assessments to mitigate potential losses.
• Liaised between finance department and other departments fostering inter-departmental collaboration.
• Managed a team of junior finance professionals, promoting professional development.
• Implemented new financial systems enhancing data accessibility and reliability.
• Collaborated closely with auditors to ensure smooth audit processes.

· Preparation of management reports

· Assisting with business transactions including valuations, expansions & franchising arrangements

· Direct management of offshore resource, including managing & reviewing compliance & other client engagements

· Basic exposure to UK tax & payroll system, including preparation of VAT returns

· Strong focus on Xero & automation/cloud programs (Receipt Bank, Chaser, Hubdoc) assisting clients to streamline internal functions

· Preparation of advanced financial statements & income tax returns for companies, trusts, partnerships & individuals

· Preparation of BAS returns, FBT returns & payroll tax returns

· Provision of full in-house finance function for variety of small businesses across range of industries, responsibilities including but not limited to: debtor management, cashflow management, liaising with banks & statutory bodies (including tax office), bookkeeping, payments & payroll

· Assisting with complex tax & business transactions including business sales, business valuations & inter-company loan arrangements

· Assisting other BDO divisions in specific engagements:

o Corporate Finance– assisting with debtor finance review on behalf of bank to large labour supply firm involving on-site discussions with key management personnel and identifying, requesting & critically analysing information provided to prepare recommendation report for bank

o Insolvency – conducting on site review of client in voluntary administration, preparing draft report outlining discussions with key management personnel, stock levels on site, and key operational observations

o Audit - assisting with stocktake of manufacturing company

o Audit – regularly providing financial information for team as and when requested (for mutual clients)

· Liaising with offshore resources to assist with compliance preparation

· Involvement in long standing property development litigation directly assisting partner in capacity as “Special Referee”:

o Preparation of detailed “reconstructed” financial reports

o Preparation of briefs required for use in negotiations & courts

o Attending court hearings & meetings with lawyers & other accountants

· Mentoring junior staff including delegation of work and directly managing two junior colleagues for 2+ years

· Preparation of management accounts, advanced financial statements, income tax returns for companies/trusts/partnerships/high net worth individuals, BAS returns, FBT returns & payroll tax returns

· Preparation of annual superannuation compliance & assisting with complex advice letters