Special Services

By capitalizing on the experience gained during daily accounting and taxation processes, we also offer more complex services, such as due diligence, process engineering and fast clean up.

 

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Fast clean up

Falling behind with the books or ignoring persistent accounting issues is a surprisingly common problem even for larger companies. Being caught in the everyday business struggle and lacking the resources and accounting expertise to make amendments, many companies continue in this manner until the situation spins out of control and an accounting crisis ensues. In such cases, we can step in and untangle many years worth of bookkeeping and tax accounting to get you back on track and to advise you on a plan going forward.

 

Due diligence

To support decision making and to safeguard the interests of stakeholders, at times you may need a trained outside professional to review the integrity of your accounts, or to evaluate your company’s procedures to determine if the controls are in place. We can perform one-off reviews of an entity’s financial position and operating procedures during sales and acquisitions, or to protect you from a range of risks that companies are typically exposed to. We observe trends and identify challenges and opportunities by providing an overview of the areas that might represent tax risks, by attesting the conformity to industry specific standards, and statutory accounting and tax requirements. Based on our findings, we also make recommendations for corrective measures to give you the comfort of your processes being adequate.

 

Corporate administration

Sometimes you only need a less direct presence in a given country which does not warrant a full fledged office with staff.
In such cases, our support allows you to outsource the essential corporate administration and management functions. We also offer a wide range of additional services providing our clients with extra value and reassurance.

 

Our services include:

 

Registered Office Services

We can provide a registered seat for your company, providing your business with a permanent address. This may include temporary office space lease to cover your short term needs for a suitable venue.

 

VAT Registration

We can register your company for VAT purposes and manage your monthly or quarterly VAT compliance obligations.

 

Fiscal Representative

If required by law, we can act as your local fiscal representative, managing the queries and obligations of your company for dealings with tax authorities, including assistance in the settlement of your tax liabilities and refunds

 

Director Services

We can provide directors to take on the administrative tasks which are required for the smooth operation of your company.

 

Delivery Agent

We can manage the receipt of incoming official mail from local authorities on behalf of out of country directors and shareholders.

 

Shelfco

Besides assistance in the establishment of local entities, we also carry a stock of ready-made companies available ‘off the shelf’ for clients who are looking for a company at short notice or with some history.

 

Business controlling

In today’s fast changing business environment it is not enough to be just responsive – you have to be proactive. Even the best reporting system can only tell you where you were a couple of days ago. In order to stay on top of your game you can not settle for tracking the past, you need to be able to get a glimpse into tomorrow. We can empower you to shape the future rather than just react to the past by designing, developing and implementing the necessary tools and incorporating them into your current accounting infrastructure – software, hardware, people and processes. We can also operate your budgeting and forecasting system as you may find yourself in a position where you lack the internal resources to cope with the complex task of running them properly. We will also be glad to provide extra assurance by commenting on your business cash flow or profit projections.

 

Process improvement

Even the best professionals, equipped with the best tools available, are sometimes unable to deliver without using the proper techniques and having robust processes in place. Given our first hand experience and expertise with business systems and infrastructures, we can identify problems and streamline your processes while maintaining solid controls to ensure the best possible efficiency for the the outcome you expect.

 

Training

Do your employees have the competence to deliver the business results you are after? With our training programs in the area of accounting, tax and payroll, we can help your people to acquire the knowledge  that will give them and your business the competitive advantage you need. Our courses can be customized to meet your specific requirements or we can develop a whole new program tailored to suit your individual needs. Should you have your standard training materials in place but be in short supply of trainers, we can take your internal training and deliver it to your staff with the help of our professionals equipped with the kind of field experience that will make the presentation authentic and convincing.

Outsourcing solutions for an airline company

As a new airline our Client was looking for an outsourcing partner to support them right from the beginning with all accounting matters a new company with complex operations can expect. PS was engaged not just to design, set-up but also to assist in operating and continuously improving...

SSC support for a mobile communication company

As various functions from lots of countries were in the process of migrating into the SSC our Client was looking for ongoing support of additional resources from PS. We had to provide qualified and trained temporary replacement who after a minimal transition period was able to take over the necessary tasks and ensure...

Accounting for leasing companies

For leasing companies of a financial institutions we had to take over the comprehensive accounting and taxation services of the property sub-group (52 entities). Client expectations were to meet tight deadlines and complex reporting requirements based on bookkeeping to be continued in their special accounting system.

Due diligence support for a media company

PS was assigned to carry out a due diligence before an acquisition deal among two significant players within the industry. Our Client was expecting a report on compliance with accounting and tax regulations as well as support in analysis future cash flow projections to validate income and expenditure assumptions...

Fast clean-up for a real estate company

The accounting books of the Client were in a mess, account balances were unreconciled and they were also late with tax return filings. We were asked for immediate support as they were preparing the Company for sale.

Payroll services in state and government sector

After winning the contract, PS had the opportunity to provide payroll and cafeteria administration services for a client in the governmental sector. The transition period was challenging, as less than 2 months were left to take the client over from the previous service provider and to set-up the new payroll system and cafeteria processes.

Process improvement at a global media company

Our Client had diverse solutions and systems for finance accounting and management reporting functions. They were looking for less manual processes, recommendations for automation opportunities and strengthened internal controls.

Consolidated financial statements

Our Client is an active investor on the real estate market. In addition to ongoing accounting services PS was assigned to provide consolidated financial statements for the Stock Exchange and assist in the statutory audit twice a year by adhering to strict internal deadlines.