Tax Services

We pride ourselves in providing tailor-made business accounting solutions, whatever the size and complexity of your business. We listen to your needs to develop and design an approach fit to accommodate and support your specific requirements. Whether you need help in managing part or all of your bookkeeping and statutory compliance obligations throughout the year, or simply want help with your annual financial statements, we are here to help you.

For any business to grow and develop, accounting and management information must be timely and reliable. If you feel that the day-to-day routine of the accounting function and managing statutory compliance obligations are cumbersome and overwhelming, please do challenge us to develop customized solutions fit for your business and support you so you can dedicate your time in what you do best!

Our accounts team can advise and assist you in adopting the most suitable and appropriate solutions for your business:

  • Bookkeeping services and maintenance of your computerized accounting records
  • Monthly and Quarterly Management Accounts
  • Processing sales and purchase invoices
  • Preparation of periodic management accounts
  • Preparation of financial statement for self-employed

Business Services

For Business
  • Tax clearance procedures
  • Representation at the tax office and many more
  • VAT and VIES registration in Cyprus
  • Preparation and submission of VAT returns with the Cyprus VAT authorities
  • Representation during inspections by the Cyprus VAT authorities
  • Preparation and submission of VIES returns
  • VAT administration
  • Preparation and submission of T.D 7 for Companies
  • Preparation and payment annual levy for Companies
  • Calculate Provision Tax of the year for Companies
For individual
  • Preparation and submission of Income Tax return T.D 1 for an individual (employee, self-employed, pensioner or income earner)
  • Preparation of the annual tax computation for an individual (employee or self-employed)
  • Calculate Provision Tax of the year for self-employed
  • VAT and VIES registration in Cyprus for self-employed

Payroll Processing and Employment Services

Effective employee remuneration is critical to business success and errors can be costly. Peculiarities in salary calculations, frequent legislation changes, variety of reporting procedures and specifics in allowances’ calculations may make the payroll process a challenging task for employers.

We allow our client to focus on their core business with removing the burden of payroll processing and compliance. We free up our clients time, save them money in the long term especially, improve compliance and confidentiality and they benefit also from access to the latest HR and Payroll technology.

Payroll Processing:

  • Managing employee and payroll data
  • Calculation of salary and payroll-related taxes
  • Calculation of vacations, business trips, sick leave, maternity leave etc.
  • Calculation of other earnings (i.e. bonuses, allowances, benefits etc.)
  • Preparation and provision of confidential or electronic pay slips
  • Delivery of payment options
  • Registration/deregistration of employees with relevant social institutions.
  • Preparation and submission of payroll-related reports to the State Authorities
  • Representation of the client before the Tax Authorities
  • Ensuring PAYE and SIC is accounted for correctly and is up-to-date

Advisory Services

  • Tax reviews and advice on deductibility of expenses
  • Providing technical accounting advice
  • Incorporation of Companies