One additional element of our comprehensive accounting service is accounting advisory, part of which among others means elaborating better tax solutions identified based on the client’s activity, where applicable, and discussing these with the client. For this we rely on the support of our clients, and in an ideal scenario we use the services of our tax consulting department as well. We monitor tax changes and consult with our clients on the impacts. Prior to tax inspections we inform our clients about areas deemed risky, and offer alternative solutions. In recent years we have supported over one hundred tax inspections, the majority of which were concluded without any tax-related findings.
As part of accounting advisory and in the course of establishing a company, we assess the tax liabilities of clients based on the features of their activities and offer support in fulfilling these obligations. We comply with clients’ reporting obligations based on various legal regulations, and represent them in dealings with the authorities. We prepare accounting policies for companies, which includes taking due consideration of group policies alongside Hungarian regulations. We examine the contracts underlying individual business events, adding our opinions to them if required. If necessary we consult with partner law firms too for the purpose of avoiding any tax risks.
With our accounting advisory service we offer support to our clients during comprehensive tax inspections, working with them to draft any observations or appeals if required. We represent our clients in tax reclaim procedures, from the preparatory stage to finishing the process. We are also well-versed in tasks related to foreign tax reclaims, which are mainly carried out based on the information recorded in the bookkeeping.
We perform the accounting tasks related to transforming companies and their voluntary liquidation. Aside from preparing reports and returns we liaise with partner law firms to make sure that deadlines and other related obligations are met. We participate in face-to-face consultations and help execute transactions successfully.
As part of our accounting advisory service we offer support with preparing returns and reports based on the bookkeeping data recorded by our clients. During this we constantly inform our clients about bookkeeping rules if the data is perhaps recorded abroad.
For international companies we examine the group’s accounting policies and apply the relevant rules. Where necessary we follow IFRS or HBII rules. We consult in advance with our clients on the relevant terms and conditions based on the needs that arise.