Business Consulting and Support

Bookkeeping and Accounting Services for Cyprus Company

Maintenance of computerized accounting records
Preparation of monthly / quarterly management accounts
Preparation of annual financial statements in accordance with IFRS (International Financial reporting Standards)
Preparation of debtors’ statements of account
Reconciliation and analysis of bank accounts
Reconciliation of creditors’ balances with the creditors’ statements of account
Preparation of budgets and cash flow statements
Preparation of annual tax computations

Monthly calculation of the payroll which includes gross salaries, other benefits and allowances, sick leaves, overtimes, prepayments etc
Detailed calculations of the Social insurance contributions
Exact calculation of the monthly tax (PAYE) that each employee may have to pay
Support with the registration of the company as an employer with the Social Insurance Services
Support with the application to the Social Insurance Services with matters of hiring, letting go and other changes in the personnel of the company
Support with the application of MEU1 of non-Cypriot European employees with the Civil registry and Migration Department for the obtainment of the Registration certificate
Support of third country Nationals with different permits from the Migration Department that are needed to work in Cyprus
Timely update on changes with the regulations that might affect the company ( Employers Guide, Social Insurance in Cyprus )
Update and support services with regards to different employment subsidy schemes that might be announced by the relevant authorities ( Department of Labour, Human Resource Development Authority of Cyprus )

For more information on rules and regulations on working in Cyprus , click here

Registration of your Cyprus Company with Tax Department
Preparation, submission and maintenance of quarterly VAT returns, and monthly VIESreturns
Help with tax investigations
Support with the application for obtaining Tax Residency Certificate, Double Taxation, and Tax Clearance certificates from the Tax authorities
Preparation of annual tax computations, submission of tax declarations and payment of taxes
Take care of all correspondence with the Cyprus Tax Authorities
Immediate update of any changes in tax legislation