- Accounting Services
- Payroll Services
- Statutory Audit
- Internal Audit
- Tax Compliance
- Tax Planning
- Corporate FInance
- Restructuring Services
- Consulting retainer
Statutory Audit
At Platinumserve, we view the annual audit not merely as astatutory obligation, but as a means of providing clients with a thoroughreview of the state of their affairs. Our approach lays emphasis onunderstanding their business, not only because this helps us to conductan efficient, cost-effective audit, but because it enable us to offerconstructive advice to help companies run their business effectively andto maximise their profits.
Internal Audit
We assist organisations manage strategic risks and identify cost reduction and profit improvement opportunities through outsourcing or cosourcing of an organisation’s internal audit function. We help organisations benefit from a risk-based strategy by working with them to transform their internal audit function from a traditional, transaction-based role into one that can deliver strategic business information and value.
Tax Compliance
We assist organisations manage strategic risks and identify cost reduction and profit improvement opportunities through outsourcing or cosourcing of an organisation’s internal audit function. We help organisations benefit from a risk-based strategy by working with them to transform their internal audit function from a traditional, transaction-based role into one that can deliver strategic business information and value.
- Maintenance of Computerized Accounting Records
- Posting of transactions
- Preparation of bank, debtors and creditors reconciliations
- Preparation of budgets and reports monitoring actual performance against budget
- Development and preparation of monthly, quarterly and yearly management accounts and other management reports
- Processing and preparation of payroll reports
- Preparation of monthly pay slips for each employee
- Preparation of the bank transfer report for the payment of salaries through the bank
- Detailed payroll cost analysis
- Registration as an employer to all the relevant government authorities
- Timely preparation of Employer’s return (IR7 form), employee’s certificate of emoluments (IR63 form)
- Preparation of the payments to the Social Insurance, Inland Revenue and any other local authorities
- Compliance with statutory filing deadlines
The aim of every businessman and businesswoman is to maximize business profits and to pay no more tax than is legally required. With the ever-increasing complexity of tax legislation and the complicated implications of international activities, businesses need expert advice on how to reduce their liabilities and avoid pitfalls. We can help review clients’ proposed course of action and provide them with prompt, constructive and clear tax advice.
Whatever your circumstances, we have the resources to draw together a seasoned team of professionals, united in the aim of helping you to develop and pursue your strategic and transactional objectives.
The Cyprus Tax Law provisions cover the most common types of reorganization and thus give ample opportunity to accommodate the business conditions that face an enterprise. The Cyprus Company Law does not explicitly rule on the types of reorganisationcovered by the tax rules. Yet, it provides general rules which, in most cases, will be a sufficient basis for reorganisation.
We have the knowledge and experience to provide advice to businesses wishing to take advantage of the Cyprus Income Tax legislation and either (a) consolidated their businesses into more efficient structures, or (b) separate their business to enable spin offs for part disposals, or for allowing the splitting and passing on of a business from parents to children.
With this service you will be entitled to advice in a wide range of areas.
We will be holding regular meetings with you and your key personnel on a regular basis, during which we will be obtaining information about your organisationand activities, exchanging ideas and offering our independent views on the key issues.
Among others, we will help you identify weaknesses which will enable you to:
•Avoid bad decisions based on ignorance of their existence.
•Allocate resources more efficiently
•Build on your company’s strengths
•Pinpoint key factors determining the business’ profitability, liquidity and efficiency.