FinHub Cyprus - choose auditors

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REFLECT FESTIVAL 2024

The #1 tech & business festival in Limassol

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On 30th and 31th of May our team had the opportunity to participate at the #1 tech & business festival in Limassol, known as "Reflect Festival"! 

What is the work of an accountant? Really? Because you all have it wrong!

The most common misconception about accountants is

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A professional accountant performing your bookkeeping not only books your sales and purchases in a licensed software but also your bank account and payroll in such a manner that they reconcile. By reconcile we mean that your books (accounting entries) agree with the bank account, payroll creditor at any given month and most importantly comply with local laws and regulations. 

Sounds easier than it actually is. With more than 20 years in the field bookkeeping is a complex and demanding task. A task that certainly not anyone can do.  

Find an Auditor that Meet your Needs - Criteria to Pay Attention to

Each business is different. So are the audit and assurance firms! 

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It does not matter if you are Coca Cola or a street sole trader. You must be able to identify which type of audit and assurance firm best suits your needs and organization's profile.  

We analyse what you should consider before choosing the right audit and assurance firm for your needs below:

How to find a really good accountant for your business

Not all accounting, audit and tax firms are similar or good for you. Sometimes interpersonal skills also matter

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Via Finhub off course! 

We only co-operate with the best accountants which we validate and monitor regularly therefore if you get an offer rest assure the accountant will meet your expectations. 

 

What makes a good accountant? 

An audit and assurance firm, regulated by the ACCA, ICAEW and the local Cyprus ICAPC is unlikely not to meet any professional requirements your business has to comply with the local laws and regulations.  

However, besides the workload there are more factors to consider in assessing whether your accountant is good for you: 

Real Client Quotation - Need to relocate to Cyprus for the US

They are into the gaming industry, need to create a company and protect their IP rights

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My wife and I own and operate  a growing video game studio together and are considering moving ourselves and our business to Cyprus  for a mixture of tax and lifestyle reasons.

We and the business are currently located in the USA and are the only employees or owners (though we do have a number (around a dozen) of independent contractors, as well). I'm American (by Birth and nationality), and my wife is Dutch (also by birth and nationality.)
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Email: support@finhub.com.cy


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