Our Services
Audit, tax, accounting and payroll services delivered by a boutique firm of Chartered Accountants in Cyprus.
Audit services
We audit financial statements prepared in accordance with IFRS Accounting Standards, conducting our work in accordance with the International Standards on Auditing (ISAs). Our quality management system complies with ISQM 1 ISQM 1. We use Caseware Audit so that information gathering and communication are open and efficient, and so that the benefits of technology flow through to you in a smoother, faster audit.
Our approach is risk-based. We concentrate our effort on the areas of highest risk and greatest judgement, resolve significant issues early, and keep management distraction to a minimum.
We start planning early and invest time in understanding your business, meeting the board, senior management and, where necessary, staff across the organisation.
Wherever your internal controls allow, we rely on them to take the most efficient audit route; where they do not, we take a substantive approach without compromising on rigour.
Audit quality is at the core of everything we do. Reaching the right opinion matters, but so does how we get there. Our internal quality procedures are applied on every engagement, every year.
A short history of our profession
In the age of discovery, merchant ships sailed from Europe to the Far East and the New World. The merchants who owned the cargo found the voyages an exciting prospect, but were keen not to be cheated.
Auditors, from the Latin audire, "to listen", travelled aboard, in the thick of every transaction, and reported back independently to the owners and their backers.
Nothing has changed. Our audit is still built on a deep understanding of your business, its risks and its outlook. We listen, we understand what you need from us, and we bring that insight to the audit.
Simple, really.
Tax services
Corporate income tax
- Registering a company with the Cyprus Tax Department and obtaining a Tax Identification Code
- Preparing and, following your approval, submitting the company's annual income tax return (I.R.4)
- Handling enquiries raised by the Tax Department on the return
- Preparing and handling objections and appeals against tax assessments
- Requesting advance tax rulings
- Obtaining tax residency and tax clearance certificates
- Reviewing the company's tax position and exposures at the financial year-end
- Advising those establishing a new company in Cyprus
- Advising on group structures and restructurings
- Advising on transfer pricing, including local file and master file requirements
- Tax due diligence
Personal income tax
- Registering an individual with the Tax Department
- Preparing and, following your approval, submitting the annual personal income tax return (I.R.1)
- Preparing and submitting capital statements
- Handling enquiries, objections and appeals
- Requesting advance tax rulings
- Advising on income tax, capital gains tax and long-term personal tax planning, including the non-domicile regime
- Advising on trusts, wills and wealth transfers to the next generation
- Advising on extracting cash and assets from family companies and on family business succession
Value Added Tax (VAT)
- VAT registration with the Tax Department
- Preparing quarterly VAT returns and monthly VIES returns for submission through Tax For All
- Requesting advance VAT rulings
- Supporting you during VAT inspections
- VAT planning and advisory
Accounting and bookkeeping
- Maintaining your accounting records on Odoo or E-Soft accounting software
- Preparing financial statements in accordance with IFRS Accounting Standards and the Cyprus Companies Law, Cap. 113
- Management accounts and reporting at the frequency you need
Payroll management
- Monthly payroll processing and payslips
- Preparing and submitting all employer and employee returns to the Tax Department and the Social Insurance Services
- Registering employers and employees with the Social Insurance Services
- Drafting contracts of employment and advising on employment law matters
