TAX & ACCOUNTING
We operate under the same roof as our sister chartered accountancy company, DI Ross & Company.
DI Ross is a Platinum Approved Employer, the highest level of accreditation rendered by ACCA, the largest body of certified accountants in the world. DI Ross is a registered Chartered Tax Advisor by the Chartered Institute of Taxation, UK.
Our teams of qualified and experienced accountants deliver financial management and accounting solutions in compliance with international accounting standards and reporting obligations. We pride ourselves on integration and approachability, and our clients think of us as an extension of their own teams rather than external accountants.
Bookkeeping and Financial Reporting
Maintenance of accounting records is fundamental to any successful business. Our team will handle your ongoing bookkeeping and financial reporting, including the preparation of management accounts and annual financial statements. We routinely deal with complex cross-border group structures and can optimize your international tax planning. We are experts in the preparation and presentation of consolidated financial statements as per IFRS10, which requires an entity to consolidate the entities it controls.
VAT and VIES
We will handle your VAT and VIES requirements including initial registration and submission of VAT/VIES returns. Our experienced team can also advise and assist your business to ensure compliance with VAT legislation in both Cyprus and the EU.
Our specialist payroll department can handle your entire payroll function. We provide an all-inclusive service including liaison with relevant government departments, monthly salary distribution, tax & social insurance contributions, as well as submission of monthly and annual returns.
Fund Valuation Services (NAVs)
Our fully integrated fund accounting system with real-time processing enables us to deliver accurate financial information, process multi-currency transactions, and provide flexible valuation periods. Senior staff check all NAV calculations prior to final release.
Accounting Standards have changed the way private equity firms and investment partnerships must report the fair value of financial investments. Certain asset classes and investments can be very complex and may have no active market, and private equity funds often require independent valuations of these asset classes. We have significant experience in addressing fair value measurement issues and pricing alternative investments and derivatives.