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Top 10 Accounting Mistakes Small Businesses Make and How to Avoid Them
Managing the finances of a small business is no small feat. As a business owner, you're likely wearing many hats, juggling operations,...
Aug 12, 20244 min read
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Provisional tax 2024
As per the Assessment and Collection of Taxes Law, Cyprus tax resident companies and self-employed individuals are required to calculate...
Jul 17, 20241 min read
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Reduction of Special Defence Contribution on passive interest income
On January 9, 2024, the Cyprus Parliament formally endorsed an amendment to the Special Defence Contribution Law, ratified on December 6,...
Jan 12, 20241 min read
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10 Common Audit Findings and How to Avoid Them
Conducting an audit is a critical process to ensure the accuracy, transparency, and compliance of financial information. For...
Nov 20, 20233 min read
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Choosing the Final Chapter: A Guide to Closing Your Cyprus Company Effectively
Closing a company is a nuanced process, and in Cyprus, businesses have two primary avenues for closure: strike off and liquidation. Each...
Nov 10, 20232 min read
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The Essential Components of a Business Plan and the Benefits of Seeking Professional Guidance
A well-crafted business plan serves as the cornerstone of any successful enterprise. It provides a roadmap, a strategic vision, and a...
Aug 30, 20234 min read
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From Idea to Business: A Comprehensive Guide to Materializing Your Vision
Turning an innovative idea into a successful business venture is a journey filled with excitement, challenges, and rewards. Whether...
Aug 21, 20233 min read
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"Launching to Success: Propel Your Startup with Expert Professional Services!"
Why Going Solo is Risky Business for Aspiring Startups Starting a new business venture can be an exhilarating journey filled with endless...
Aug 17, 20233 min read
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Unlocking Business Efficiency: Why Outsourcing Payroll Is Your Key to Success!
Running a successful business requires managing various responsibilities, and one of the most crucial yet time-consuming tasks is payroll...
Jul 28, 20233 min read
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Cyprus Provisional Tax - 2023
As per the Assessment and Collection of Taxes Law, Cyprus tax resident companies and individuals have the obligation to calculate their...
Jul 20, 20231 min read
54 views


Outsourcing your accounting department
Outsourced accounting is when you hire a third-party business accounting services provider (like Elsavco) to handle your accounting tasks...
Oct 3, 20223 min read
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ELSAVCO: Income Tax Exemptions on Employment in Cyprus
As of May 10th 2022, a new tax incentive program has been authorized by the Cabinet of Ministers and has been put in practice, aiming to...
Sep 5, 20222 min read
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ELSAVCO: Becoming a Cyprus Tax Resident - Everything you need to know
Cyprus has a favourable tax system and clear legislation, which contributes to the country's position as a competitive international...
Jul 12, 20223 min read
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New Cyprus Transfer Pricing Requirements
On 30 June 2022, the Cyprus Parliament voted into law the long-anticipated amendments to the Income Tax Law relating to Transfer Pricing...
Jul 8, 20223 min read
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ELSAVCO: How to Choose the Right Accounting Firm for Your Business
Deciding to look for an accounting firm is a crucial step for any growing business. Still, you need to ensure that your financial...
Apr 7, 20223 min read
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ELSAVCO: Management And Control Taxation Of Cyprus Companies
New amendments will come into practice in December 2022 as the Cypriot House of Representatives approved bills that amend the Tax...
Mar 28, 20223 min read
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ELSAVCO: Audit & Assurance Services in Cyprus
Every company registered in Cyprus is required to submit its audited annual accounts to the Registrar of Companies. The Financial...
Mar 28, 20223 min read
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ELSAVCO: Accounting and Bookkeeping Services in Cyprus
Do you know what are the key obligations and responsibilities of companies, partnerships, or freelancers with income in the Republic of...
Jan 13, 20223 min read
246 views
2022 TAX CALENDAR
31 January 2022 Declaration and submission of deemed dividend distribution for the tax year 2019 DAC6 reporting (reportable cross border...
Jan 11, 20222 min read
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The Cyprus registry of Ultimate Beneficial Owners (UBO register)
In early 2021, the Cyprus government transposed the 5th AML EU directive into Cyprus legislation, part of which was the obligation for...
Jan 5, 20223 min read
284 views
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