{"id":65,"date":"2012-03-12T14:43:36","date_gmt":"2012-03-12T14:43:36","guid":{"rendered":"http:\/\/kme.com.cy\/tmp\/?page_id=65"},"modified":"2016-09-20T12:35:37","modified_gmt":"2016-09-20T12:35:37","slug":"accounting-and-compliance","status":"publish","type":"page","link":"https:\/\/kme.com.cy\/?page_id=65","title":{"rendered":"Accounting and Compliance"},"content":{"rendered":"<p>In order for a company to increase its profitability and maximize its shareholders\u2019 wealth, management needs to be able to concentrate on the core \u2013 revenue earning activities.<\/p>\n<p>In enabling our clients to save valuable time and achieve a better financial performance, our office can provide accounting and bookkeeping services which include the following:<\/p>\n<p><strong>Accounting<\/strong><\/p>\n<ul>\n<li>Maintenance of proper books and records by using computerized accounting system which allows the preparation of financial statements and reports in every major currency.<\/li>\n<li>Periodic management accounting reports which are tailored to the client\u2019s needs can be prepared whenever needed.<\/li>\n<li>Various reports for management purposes such as budgets, cash flow forecasts along with variance reports against actual results.<\/li>\n<li>Assistance with the preparation of tax and VAT returns<\/li>\n<li>Preparation of financial statements and consolidated financial statements in accordance with International Financial Reporting Standards (IFRSs)<\/li>\n<\/ul>\n<p><strong>Corporate statutory compliance<\/strong><\/p>\n<ul>\n<li>Provision of registered office, nominee directors, nominee shareholders and company secretary<\/li>\n<li>Advising and assisting in the selection and formation of the appropriate business entity or trust<\/li>\n<li>Handling minutes of directors\u2019 and shareholders\u2019 meetings<\/li>\n<li>Handling corporate changes<\/li>\n<li>Handling statutory filing requirements<\/li>\n<li>Maintaining statutory records<\/li>\n<li>Carrying out company searches at the offices of Registrar of Companies<\/li>\n<li>Handling the legalization of official documents<\/li>\n<li>Preparation of power of attorney and commercial agreement<\/li>\n<\/ul>\n<p><strong>Payroll<\/strong><\/p>\n<p>Registration of the company (as an employer) to the authorities<\/p>\n<ul>\n<li>Assisting in obtaining work and residences permits<\/li>\n<li>Advising on employment contracts and employment law issues<\/li>\n<li>Advising on regulations and tax issues affecting expatriate employees<\/li>\n<li>Collecting employees\u2019 details<\/li>\n<li>Liaising with the income tax authorities and the Department of Social Insurance<\/li>\n<li>Effecting payments to employees and Government Authorities<\/li>\n<li>Preparing tax returns and all other relevant forms and returns<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>In order for a company to increase its profitability and maximize its shareholders\u2019 wealth, management [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":16,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-65","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Accounting and Compliance | KME Chartered Accountants<\/title>\n<meta name=\"description\" content=\"In order for a company to increase its profitability and maximize its shareholders\u2019 wealth, management needs to be able to concentrate on the core \u2013\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/kme.com.cy\/?page_id=65\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" 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