Our financial accounting and reporting specialists
Tsaks Consulting Greece is a business consultancy. We work with a network of independent accountants, lawyers and other qualified professionals to help our clients establish and operate businesses in Greece. Where specialist accounting, legal or tax services are required, we connect clients with suitable professionals and coordinate the process to ensure they receive the support they need.
Our network of financial and business accounting professionals in Greece has experience and expertise in managing your company’s financial matters, including payroll management for companies with employees in Greece and abroad; financial reporting for companies operating in Greek and international territories; and international audits for companies in Greece. Our team members coordinate these services with our professional network.
Payroll Services in Greece
Our partner accounting professionals are specialists at solving your payroll needs. Tsaks Consulting helps coordinate these services through its professional network. For new businesses in Greece, following local Greek payroll and salary law is crucial to your business’s entry into Greece.
- Payroll calculation
Our partner accountants are specialists at salary and bonus calculations across the payroll cycle, with reporting in both hard copy and electronically.
- Statutory Statements
Our partner accountants are experienced at preparing Withholding Tax Returns and Analytical Periodical Declarations.
- New employees and terminations
Our partner accountants handle all new employees and terminations by handling employee announcements, preparing and submitting required documentation to the Labour Authorities, dismissals, and employment contracts, with legal assistance from qualified professionals where required.
- Forecasts and reports
We can coordinate assistance from our partner accountants with accounting general ledger entries and customised reports and forecasts.
- Overtime, holiday, and sick leave calculations
Our partner accountants monitor and examine accurately the handling of leaves of absence, sick leave, maternity leave, and overtime hours.
Business Reporting in Greece
Our partner accountants are experts in international and Greek accounting laws and policies. If you are operating a business in Greece, or planning to, it is essential to have a qualified and competent tax professional.
Laws and regulations concerning accounting law vary greatly depending on the countries you operate in. For example, a company in America has entirely different tax laws than that of its branch in Greece. Similarly, the same applies for any other country outside of Greece, e.g., the United Kingdom, Australia, or Canada.
Our partner Greek business accountants offer a variety of business reporting services, including reporting annually for:
- Income statements
Income statements are crucial for examining your company’s revenue and expenses, and how to increase its profitability.
- Depreciation of fixed assets
Reports evaluating the cost of your tangible assets as they deteriorate over time.
- Labour obligations
Assuring your company is complying with local Greek labour laws.
And monthly/quarterly reporting for:
- Balance Sheets (quarterly)
Balance sheets allow our partner Greek business tax experts to assess your business’s assets and liabilities, along with equity owned by shareholders.
- Ledger reports
Monthly ledger reports that accurately detail every transaction in-and-out of your accounts will be examined by our partner Greek business accountant specialists.
- Profit and loss statements (quarterly)
A profit and loss statement every three months will summarise the costs, expenses, and revenue in your company.
Our partner business accountants are qualified and experienced at knowing when your accounts can be improved. Our team members can also coordinate advice from these professionals on improvements you can make, should anything arise that might be hindering your Greek company’s growth.
Internal Auditing Services in Greece
Our network of business accounting experts located in Greece has a wealth of knowledge and experience in conducting internal audits for local Greek companies and international companies operating in Greece. Internal auditing provides your company with the necessary measures to prevent failure and loss, thereby ensuring business expansion. It also provides essential data for current and future investors.
Through our network of independent accounting and auditing professionals, we can coordinate internal auditing services, including:
- Establishing internal audit functions
- Producing audit and risk assessment plans
- Development of audit programs
- Internal auditing procedures and manuals
- External QA assessment of current audit functions currently in place
- Customised internal audit training according to the industry.
Our Greek accounting expertise
Our partner accountants have offices in major cities such as Athens, Thessaloniki, and Crete. Our professional network also extends to local and regional areas throughout Greece. Our partner accountants have performed accounting services for major international clients from the United States of America, United Kingdom, Canada, and Australia.
Tsaks Consulting team members coordinate with these independent professionals to help clients access the accounting and financial services they require in Greece.
Client testimonials
We engaged Tsaks Consulting to coordinate our payroll services in Greece and also to conduct a financial analysis project on our operation. We were surprised at their level of knowledge and sophistication as well as that of their partner accountants. The payroll was relatively straightforward and one of their partner accountants provided this service with professionalism. The impressive part was the business analytics. The Tsaks Consulting team were on the ball and worked through everything efficiently. They performed a similar if not better service than the consultants we engage internationally, and are also very cost effective. We have now engaged them to continue coordinating these services beyond Greece in our other countries of operations.
Bryan Y | Regional Manager – Multinational | Athens
We were looking to change providers for our monthly reporting and also our payroll. We talked to Tsaks Consulting and one of their independent accounting partners, and they were great. The service has been efficient and detailed. They communicate well and they have made the handover process seamless. We are very happy with their service.
Mary K | Multinational Business | Rhodes