Accounting and Tax Advisory
Our team of experienced accountants and management consultants provide accounting, direct and indirect tax advisory, financial reporting, payroll and business consulting services to local and international companies, as well as private clients.
Within this rapidly changing regulatory environment, our experts offer an individualised, proactive approach to your business needs, combining their collective skills, industry knowledge and technical expertise.
Services
- Digitised preparation and maintenance of accounting records in accordance with the Cyprus Companies Law and VAT legislation as well as the International Financial Reporting Standards (IFRS)
- Trade payables and receivables management
- Conversion of accounts in accordance with IFRS
- Preparation of financial statements in accordance with IFRS and the requirements of the Cyprus Companies Law
- Preparation of interim financial statements under IFRS
- Preparation of consolidated financial statements
- IFRS Advisory
Corporate & Personal tax:
- Tax planning
- Obtaining tax rulings from the Tax Department
- Tax compliance services to ensure all statutory and tax filings are made
- Obtaining tax residence and clearance certificates
- Transfer pricing matters
- DAC6 advisory and reporting
- Efficient utilisation of double tax treaties in international tax planning
- Country by country reporting
- Other related services, based on the requirements of a business
- VAT compliance services to ensure all statutory and tax filings are made
- VAT reviews
- Advice on various VAT treatments, both locally and internationally
- Assistance on VAT recovery/ refunds
- Assisting with tax rulings
- Ongoing VAT advisory services
- Advisory/ consultation relating to exemptions, deductions etc.
- Registration of Companies, self-employed, employees and others with the Department of Taxation and Social Insurance Department
- Collection and Processing of employee details
- Μonthly payment of salaries, taxes, and social insurance contributions
- Preparation and dispatch of monthly pay slips
- Preparation and submission of monthly and annual tax returns
- Obtaining tax clearance and tax residency certificates
- Preparation of Employers return (TD7)
- Other related services available upon request
- Cash flow management
- Budgeting
- Overview and advising internal accounting departments of clients
- Assisting on the establishment of various internal controls
- Digitized preparation and maintenance of proper books and records in every major currency
- Preparation of periodic management accounts
- Preparation of Trial Balance showing the amount of each Ledger Account
- Preparation of Nominal Ledgers showing the movement of each ledger account
- Monthly debtor / creditor reports and ageing analysis
- Reconciliation and analysis of bank accounts
- Conversion of accounts in accordance with IFRS standards
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