- Book-keeping services.
- Assistance with the preparation of Statutory Financial Statements.
- Assistance with the preparation of Management Accounts.
- Preparation of Financial Statements according to International Financial Reporting Standards.
- Supervision of accounting departments.
- Payroll services.
Each employed person in Cyprus
is compulsorily insured under the Social Insurance Scheme. Each employer has to register with the Employers’ Register of the Social Insurance Services
. The employer is liable to pay contributions to the Social Insurance, Central Holiday (if not exempted), Redundancy, Human Resource Development and Social Cohesion Funds for each of their employees. In addition, the employer is obligated to withdraw and pay to the authorities the income tax on behalf of the employees (Income Tax Law 118(I)/2002 par.41).
In accordance with the Cyprus Companies Law Cap.113, books of accounts which are considered necessary for the preparation of financial statements must be kept.* *Companies Law (Cap 113) par.141 (Keeping of books of account. 6(a) of 167(I) of 2003.)