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Accounting & Payroll
Accounting services: maintenance of proper books and records by using advanced computerised accounting systems;
preparation of debtors’ and creditors’ statements and ageing analysis;
monthly bank reconciliations;
monthly creditors’ reconciliations;
Payroll services: registration of the company with the Social Insurance Office;
preparation of the “statement of emoluments and contributions” and submission to the social insurance department;
preparation and submission of P.A.Y.E. returns;
preparation of employees’ monthly pay slip;
- Experience - is there access to new knowledge when outsourcing
- Cost Savings - does outsourcing reduce operational expenses
- Liability - will it save time and reduce stress of audits and such
- Scalability - will it help the company manage growth sustainably
Important factors to consider when outsourcing
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Taxation & VAT
Taxation services: registration of the company with the Tax authorities and obtain a Tax Identification Number;
tax compliance with the relevant Cyprus Regulations;
preparation of the Tax Computations;
obtaining of Tax clearance certificates for Double Tax Treaties;
submission of Annual Tax Returns via TaxisNet;
arrangement of the relevant Tax Payments;
VAT services: registration of the company with VAT authorities and obtain a VAT number;
preparation and submission of VAT returns;
preparation and submission of VIES reports;
- Experience - is there access to new knowledge when outsourcing
- Authorities - in specific cases, will it be easier to file documents
- Liability - will it save time and reduce stress of audits and such
- Networking - will outsourcing connect to powerful associates
Important factors to consider when outsourcing
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External Audit
Audit services: preparation of audited financial statements and consolidated financial statements in accordance with the International Financial Reporting Standards (IFRSs);
preparation of statutory accounts for the Department of Registrar of Companies and Official Receiver and more. All services are tailored.
Audits are required by many entities, and complying with all of the requirements can be a daunting task. Investors, lenders and the government will all need an audit sooner or later.
- Experience - is there access to new knowledge when outsourcing
- Cost Savings - does outsourcing reduce operational expenses
- Liability - will it save time and reduce stress of audits and such
- Scalability - will it help the company manage growth sustainably
Important factors to consider when outsourcing
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Administration
Administrative services: preparation of management accounts;
preparation of various reports for management purposes such as budgets, cash flow forecasts along with variance reports against actual results;
preparation of unaudited financial statements upon the relevant request and more.
Accounting and administration outsourcing is - subcontracting out all or parts of tasks of an accounting system in a firm. Assistance with administration also includes management advisory.
- Experience - is there access to new knowledge when outsourcing
- Cost Savings - does outsourcing reduce operational expenses
- Liability - will it save time and reduce stress of audits and such
- Scalability - will it help the company manage growth sustainably
Important factors to consider when outsourcing
