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,...
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- Jul 17
- 1 min
Provisional tax 2024
As per the Assessment and Collection of Taxes Law, Cyprus tax resident companies and self-employed individuals are required to calculate...
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- Jan 12
- 1 min
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,...
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- Nov 20, 2023
- 3 min
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...
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- Nov 10, 2023
- 2 min
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...
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- Aug 30, 2023
- 4 min
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...
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- Aug 21, 2023
- 3 min
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...
21 views
- Aug 17, 2023
- 3 min
"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...
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- Jul 28, 2023
- 3 min
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...
43 views
- Jul 20, 2023
- 1 min
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...
53 views
- Oct 3, 2022
- 3 min
Outsourcing your accounting department
Outsourced accounting is when you hire a third-party business accounting services provider (like Elsavco) to handle your accounting tasks...
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- Sep 5, 2022
- 2 min
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...
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- Jul 12, 2022
- 3 min
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...
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- Jul 8, 2022
- 3 min
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...
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- Apr 7, 2022
- 3 min
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...
21 views
- Mar 28, 2022
- 3 min
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...
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- Mar 28, 2022
- 3 min
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...
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- Jan 13, 2022
- 3 min
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...
242 views
- Jan 11, 2022
- 2 min
2022 TAX CALENDAR
31 January 2022 Declaration and submission of deemed dividend distribution for the tax year 2019 DAC6 reporting (reportable cross border...
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- Jan 5, 2022
- 3 min
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...
232 views
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