Compliance Services

Aligned with business objectives and risk management strategy


Our bookkeeping services include but are not limited to the following:

  • Maintaining proper accounting records and computerized nominal ledger
  • Preparing trial balance, nominal ledgers showing detailed movement for each account and relevant periodic or other reports
  • Carrying out appropriate reconciliations (bank reconciliations, supplier statement reconciliations etc)

Preparation of management accounts and financial statements

Our firm undertakes the preparation of management accounts for use by the management of the client in accordance with the clients’ needs and for the required period. Financial statements in accordance with International Financial Reporting Standards (IFRS) are prepared by our accounting department.

Budgeting and Forecasting

Our firm can assist on the preparation of budgets and forecasts tailored to clients’ requirements (with comparison with actual figures and explanation of variances).


We undertake to perform the payroll function for companies and individuals that employee personnel or are employed in Cyprus. Our services include:

  • Registration of the company and its personnel with the Social Insurance Department
  • Preparation of employment contracts
  • Procedure for hiring and terminating employees with the Social Insurance Department
  • Preparation of the company’s monthly payroll, payslips and relevant reports
  • Calculation of PAYE and other contributions
  • Administration of the payments to Income Tax (PAYE and National Health System), Social Insurance Department and execution of payments of salaries
  • Payroll services and advice on issues relating to expatriates