Accounting Services in Paphos in 2025

Our accounting services in Paphos go beyond traditional record-keeping. We provide a comprehensive approach that not only ensures accurate financial data but also offers valuable insights to help you make informed business decisions. With our expertise in tax compliance, financial analysis, and strategic planning, we can streamline your accounting processes and optimize your financial performance.

team of young accountants providing accounting services in Paphos at Wiz Ace Accounting

You don't need to bother with your routine bookkeeping services because you can entrust this boring job to experienced professionals from WizAce Accounting, a firm that offers reliable accounting services in Paphos. Each member of our expert team continuously improves his skills to stay well-informed of the latest accounting law changes and serve clients with maximum attention and efficiency.
Our range of accounting services includes complex tax calculations and payroll administration. We start with a free face-to-face consultation with clients to understand their individual or business requirements and deliver the highest level of service.

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Payroll services are not the main aspect of business activity, yet one of the essential elements of your business! You can entrust us with this difficult work so that you save your time and energy to focus on your business. We ensure the timely execution of all payroll services.Our specialists will assist you with the following areas:

Staff turnover;

Code number changes;

Personalised and standard payslips;

Taxable benefits and P11Ds;

Pension schemes;

Student loan recovery;

Administration of PAYE, statutory sick pay, statutory maternity pay, etc.

WFTC and DPTC;

SMP, SPP, SSP, and SAP.

accountants working with clients in accounting services in Paphos

Accounting Services in Paphos provided by Wiz Ace accounting

Our tailored consultations guide clients through Social Insurance Services, leveraging the expertise of our tax professionals for optimized outcomes. Timely compliance is emphasized, avoiding complications, and our integration of cutting-edge technology streamlines processes, ensuring efficiency. Ongoing support is a cornerstone, providing continual guidance for proactive financial planning amidst evolving Social Insurance regulations.

Personalized advice for navigating Social Insurance Services based on individual client needs.

Leveraging a team of experienced professionals for up-to-date expertise in Social Insurance regulations.

Emphasizing prompt adherence to Social Insurance requirements to prevent issues and maintain compliance.

Utilizing advanced financial technology to streamline and optimize Social Insurance processes.

Continuous guidance and support throughout the Social

VAT is a territory that many companies fear to enter because of its ever-changing nature and complexity. WizAce Accounting has a highly qualified team which can support you in all issues related to HMRC and offer comprehensive legal help, as well as precise calculation and timely payments. We offer:

Value Added Tax registration

Value Added Tax planning and administration

Filing VAT returns

Use of the most appropriate scheme

Value Added Tax control and Reconciliation

Professional representation in disputes with HMRC and at VAT tribunals

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It is extremely important to stay one step ahead and be competent in tax calculations. Our professional accountants can conduct a detailed analysis to determine the appropriate tax structure/strategy for your business. These detailed reviews can allow you to reduce taxes. WizAce Accounting will offer you expert tax advice that can:

Minimise your tax liability;

Optimise your tax position;

Teach you about the available relief, tax losses, and deferment opportunities;

Ensure you do not fall short of any CTSA deadlines and file your returns correctly on your behalf, thus avoiding penalties;

Represent you with the tax authorities.

What do accounting consultants charge?
Accounting consultants' fees are dependent on the type of services requested by each client, the size of the accounting consultants' firm and the complexity of the client's needs. There is a different charge for small and new businesses as opposed to small and medium-sized businesses. For specific prices, it is best to contact the company directly because prices may vary depending on factors such as expertise, company reputation and customer requirements.
What accounting standards are used in Cyprus?
Accounting practices and financial reporting in Cyprus are primarily governed by International Financial Reporting Standards. These standards are implemented to ensure consistency and transparency in financial reporting both in Cyprus and internationally. It also ensures that Cyprus adheres to global financial reporting practices, providing transparency to investors, regulators and other stakeholders.
What is accounting consulting services?
Accounting consulting refers to a range of specialized consulting services provided by professional accountants to help businesses and individuals manage, interpret and optimize their financial operations and reporting. These services go beyond routine bookkeeping and financial reporting, focusing on providing strategic advice, solving complex financial issues and improving overall financial management.
Can I have a zoom consultation with one of your accountants?
Yes you could request an online meeting with a member of our team. You can contact us to book a short meeting.
What is accounting business services?
Accounting business services refers to a wide range of professional services that help businesses manage their financial records, ensure regulatory compliance and make informed financial decisions. These services typically include everything from day-to-day bookkeeping to financial strategy and high-level reporting. It is vital to maintaining accurate financial records, optimizing financial performance and meeting legal obligations.
What is the difference between an accountant and an accounting consultant?
The difference between an accountant and an accounting consultant mainly lies in the roles, areas of focus and the range of services they provide. In summary, an accountant focuses on maintaining the financial health of a business through day-to-day operations, while a consulting accountant provides more specialized and strategic advice to address specific financial challenges or opportunities.
Who regulates accountants in Cyprus?
In Cyprus accountants are controlled by various professional bodies and authorities to ensure compliance with accounting standards, ethical practices and legal obligations. The Institute of Chartered Accountants of Cyprus is the main regulatory authority for accountants in Cyprus. The Cyprus Securities and Exchange Commission and the Cyprus Public Audit Supervisory Board supervise accountants working with public interest entities and listed companies. International bodies such as the Association of Chartered Accountants and the International Federation of Accountants also influence the regulations and standards for accountants operating in Cyprus.
Who is the accountant general of Cyprus?
The current Accountant General of Cyprus is Andreas Antoniadis. He was appointed to this position in August 2023 by President Nikos Christodoulidis. Antoniadis brings extensive experience in both the private and public sectors, having worked in public finance management since 2004.
Does KPMG provide accounting services?
KPMG provides a wide range of accounting services. As one of the "Big Four" accounting firms, KPMG offers integrated solutions in various financial sectors. These services are designed to help companies improve their financial efficiency, ensure compliance and support strategic decision-making.