After the end of the financial year, when all current transactions have been booked, it is time to make a year end closing. Our qualified advisors go through the accounts with you and review what is needed to compile the year’s accounts.
We compile your accounts for the year and help you plan in good time before the end of the financial year. The result is an annual accounts file containing specifications and documentation that comply with applicable laws and recommendations.
The annual report is a public document and is the end result of the decisions and assessments made in the financial statements. We assist the board of directors of your company in the preparation of the annual report. We can also prepare an agenda for the annual general meeting and send the documents to the Companies Registration Office.
BDO has extensive experience of preparing a parent company’s consolidated accounts. They record the total actual revenue, total assets and earnings of the parent company and the subsidiaries.
Income tax return
With the annual report as a basis, our tax experts assist in preparing the company’s income tax return. If you are the owner of a limited company you must also enclose Form K10 with your private tax return. We know there are many pitfalls in filling out K10 which is why we are happy to assist you.
Preliminary income tax return
When an enterprise is newly started or is facing a change that could affect taxable profit, it is not uncommon to apply for a preliminary income tax return. At BDO we can help produce decision support for the Tax Agency to calculate relevant preliminary F-tax for your business.
We will be happy to help you prepare:
• Annual accounts
• Annual report
• Consolidated accounts
• Income tax return
• Preliminary income tax return