Bookkeeping encompasses the activities related to keeping the adequate records of the financial transactions of a company. The requirements for companies in Cyprus include the maintenance of the accounting records according to the International Accounting Standards.
Our accounting firm in Cyprus can help you with complete accounting and tax services, including bookkeeping for companies of all sizes.
Bookkeeping requirements in Cyprus
Cypriot companies must prepare their financial statements each year and submit them to the Registrar of Companies. The report includes the balance sheet, the profits and loss account, and their annexes when needed.
In terms of account books, companies must keep records of their total payments and expenses, total sales and purchases as well as adequate details of their credit and debt.
Our Cypriot accounting firm can provide complete services and counseling for investors who are just starting their Cypriot company and need advice and guidance on the applicable accounting and tax practices.
Our agents offer bookkeeping and tax filing services but also audit in Cyprus for those companies that are required to submit a report.
Assistance for maintaining the company’s account books
The services offered by our accountants in Cyprus include but are not limited to:
- Complete bookkeeping services: the maintenance, update, and preparation of the company’s books and records.
- Tax filing: the preparation of returns and filing the withholding tax and VAT returns as well as other mandatory filings.
- Payroll: the administration of the payments made to the company’s employees as well as the social security contributions.
- Financial statements: preparing the annual financial statements as per the International Financial Reporting Standards.
Working with our team of Cypriot accountants will allow you to run your business knowing that it is compliant with the local accounting and tax regulations. We can help you minimize the exposure to non-compliance risks and at the same time ensure the efficiency of your business from a tax minimization and compliance point of view.
Contact our accounting firm in Cyprus for details about how we can assist you with bookkeeping services.