Each organization, regardless of the country of its registration and its organizational and legal form, the applicable tax regime, and other features of its activities, is obliged to keep accounting records.
Accounting is the organization of collecting information about the state of the company's property and liabilities, as well as the continuous reflection of this information in special accounting documents.
Most jurisdictions require companies to maintain proper accounting records and file annual tax returns and/or financial statements.
To facilitate financial management, we provide our clients with a number of accounting and consulting services, and our services include the following:
- accounting, storage of financial documents, balance sheet preparation
- preparation of management reports
- preparation and audit of financial statements in accordance with International Financial Reporting Standards (IFRS)
- legal and tax consultations for legal entities and individuals.
Financial statements must necessarily be submitted on an annual basis in such jurisdictions as: Great Britain, Hong Kong, Cyprus, certain FEZs of the UAE (for example, DMSS), etc.
As a rule, it should include:
- Statement of the company's financial position;
- Profit and Loss statement;
- Balance;
- Cash Flow statement;
- Notes to the reporting, etc.