Services – CG-Elenxis

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SERVICES

CG-Elenxis > Services

FINANCIAL AND ACCOUNTING SERVICES
TAXATION SERVICES
PAYROLL AND EMPLOYMENT SERVICES
SERVICES TO SMALL AND MEDIUM SIZED COMPANIES
CONSULTING SERVICES
ASSETS & FUNDS SOURCE DECLARATIONS

The precise depiction of the accounting data of a company, combined with the early evaluation of its financial state through reporting processes, constitute the primary tools for business decision making. CG-ELENXIS holds the required know-how and experience in order to provide integrated support and administration to the accounting procedures for any form of company. In detail:

Updates its clients on new developments in a mostly reliable way
Suggests modern business tools and procedures for an optimal adaptation to today’s needs.
Assumes the integrated preparation for taxation and accounting audits
Assists in the understanding and solving of complex accounting/taxation issues

Our goal is the resource management optimization (cost-time-productivity-human resources) for our clients, to ensure their companies sustainability and growth. Our clients are individuals, corporate models, non profitable organizations, small firms and large companies, each operating in different sectors of the economy. Our accounting team is in position of offering you a variety of services, including:

Registration and establishment Services
Setup and organizing of newly founded accounting departments
Full coverage of accounting services
Administration and Supervision of internal accounting departments
Financial planning and reporting
Budgeting and preparation of Financial Statements
Consulting services on optimal software use on various accounting applications
Preparation and submitting of Tax Declarations (income, VAT, withholding taxes)
Company mergings, spin-offs, splittings and liquidations
Adjustment to international standards (IAS & IFRS)
Production costing
Book-keeping via modern resource planning software (SAP, ORACLE etc)

Our company’s executives, through their long experience, are able to offer high quality services on taxation matters, with responsibility and confidentiality. Tax-related advisory services can be of “proactive” or “preventive” character, so that our customers can maximize their profitability while minimizing the tax burden, always within the regulatory framework. The timely and valid knowledge of the alterations in the taxation regulations is a valuable competitive advantage, as it can lead to profit maximization, cash flow optimization and effective risk management. Our taxation team can offer a variety of services including:
1 Tax compliance/tax consulting:

Covering all your taxation obligations
Tax Declarations (income of natural and legal faces, VAT, TAX deductions
Expenses deductibility
Greek accounting standards and taxation
Tax planning
Double taxation treaty

2 Tax-related audits:

Diagnostic tax reviews in order to assist companies perceive the amount of additional tax they could be called to pay in the future and act accordingly.
Support during auditing procedures and representation before tax authorities.
Settlement and legal action procedures
Audit preparation

3 Consulting on VAT

Custody of VAT returns
Consulting on VAT related subjects regarding European Union intra-community trade. (triangular trade, distance selling etc)
General advisory on VAT application issues. (VAT exemption, pro-rata, arrangements of asset VAT etc)

4 Consulting on Business and trade related matters

Company establishments
Contract drafting and review
Selection of partnership schemes
Spin-offs, restructuring, break-ups, take-overs
Rights, Royalties, know-how
Designing, organisation and inceptions of facilities abroad
TAX representations of insurance companies without facilities in Greece

5 Property
Provision of legal support, in collaboration with lawyers, in order to confront complex issues regarding taxing or company functions both in consulting and Judicial level.
6 Individuals:

Consulting TAX services to individuals
International Tax Planning regarding staff operating in other countries. TAX declarations for Greek and foreign tax-payers.
Support regarding property purchases or renting.
Consulting on donations taxing, inheritance and parental benefits
Provision of tax services and legal support during TAX audits
TAX planning for citizens living abroad.

7 Documentation of intra-group transactions - Transfer Pricing
CG-Elenxis possesses the required know-how to support your company to any subject regarding intra-group transactions and profit transferring between entities subjectible to taxation. More specifically, we provide support for the correct preparation, submission and renewal of documentation files that all companies operating in Greece need to submit, regarding their transactions with other companies. About the intra-group transactions, it is defined in a clear manner who is subjected to compose a documentation file of their transactions, as well as the fines and penalties applied in case of improper application of the respective regulations. In addition, the Large Companies Control Center (KEFOMEP), being the authorised auditing entity, consisting of highly-trained auditors, performs regular checks. We provide:

Designing of pricing policies
Methods of transaction documentation
Preparation and update of documentation files regarding intra-group transactions, synoptic information matrix and documentation filing.
Continuous overseeing and checking of intra-group transactions.

Our company offers inhouse and outsourced payroll services. These services cover a vast span of subjects, such as labour, insurance and tax. Our team immediately acts with validity and reliability, informing our clients immediately on every change of legislation that occurs in the taxing and labour environment. We provide our services in a fully automated software based manner in order to ensure the validity of the data exchange process. Our payroll services include:
1 Payroll

Payroll calculation
Printing of the monthly payroll slips and analytic wage reports of each individual employee
Issuing of Accounting articles in electronic form or hard copies, in order to be recorded in your books.
Document sharing to the client’s bank in order to proceed with depositing wages to the respective employees’ bank accounts.
Analysis of the payroll costs per employee category depending on the clients needs (Cost center, department, etc)
Updating the ERGANI system on all payroll and labour related activities, as per law dictations.
Cross-checking and validation between current individual payrolls and obligations of collective agreements.
Preparation/submitting of the income certificate files and temporary income tax forms.

2 Social Security Funds

Analytical Periodical statements composition (IKA/EFKA) and their electronic submissions.
Composition and submission of insurance contributions to related insurance funds.
Monitoring Insurance contributions certificates up to the issuance of related stamps.
Insurance liability clearances, as per the company’s requirements.
Record keeping of all EFKA related activities concerning branching or change of the company’s headquarters.

3 Preventive Payroll checks
Our company can certify whether:

Individual contracts of employment are in league with labor conventions.
Calculation of insurance deductions/contributions is performed correctly
Schedules, overtimes, allowances and increments are in compliance with the related legal provisions.

4 Other services

Calculations and review of payroll expenses
Financial predictions/calculations regarding labour compensations as per the company’s requirements and the legal restrictions.
Payroll services for foreign employees.

5 Administrative back-up of Human Resource Departments

Management of leaves (training programs, sickness etc)
Management of statistical data regarding human resources
Management of attendance books and shift schedules
Management/Support on updating the Labour related records
Support on procedures regarding employee decision/picking for small companies
Support on Payroll budgeting and forecasting for small companies

Our company provides support on small and medium sized companies in different sorts of challenges they might face, such as:

Tax, labour and legal matters
Budgeting, cost of sales and/or operation,cash flow, credits and credit risks
Company and administrative structure
Attracting and evaluating employees
Immovable assets and inheritance matters

Our company can assist in the above, by providing services such as:

Covering in all financial, legal, tax and labour subjects
Updating you regarding all the new evolvements on taxing, cash flow information systems, budgets and forecasts
Payrolls and human resource subjects
Book-keeping and accounting supervision
Tax-planning including cases such as, company sold, merging or splitting, owner succession, etc
Providing full support on subjects regarding tax or administration audits

CG-Elenxis, having worked with companies of various sizes and fields of operation, has developed the required know-how in order to identify the real needs of its customers and provide customized services. Through a variety of consulting services, we contribute in a positive manner, by suggesting the optimal solutions in areas of development, modernization and reorganization. In specific:
1 Valuation and transaction services:

Service provision on mergers, break-ups, takeovers
Support and consulting on fundraising
Financial due diligence
TAX due diligence

2 Management Consulting:

Design and implementation of business planning
Strategic and operational planning
Budgeting
KPI’s
Analysis regarding sustainability, feasibility, cost reduction
Decision making on entering new markets
Stock & warehouse management - Logistic chain optimisation

3 Efficiency improvement:

Operational restructuring/reengineering
Process improvement
Cost optimization
Working capital utilization improvement
Debt and loan restructuring
Crisis management
Consulting on the company’s internal environment during periods of great change (i.e. downsizing, restructuring, external economic instability)
Consulting of development and configuration of software & IT applications

4 Risk Consulting

Enterprise risk management
Corporate governance
Regulatory Compliance

5 Financial consulting

Restructuring of corporate loans
Alternative funding
Business restructuring based on specific laws, in coordination with legal offices
Wealth management - retirement programs
Property management

6 Credit risk Services - Receivable Management

Design of Credit control departments
Formation of Credit policy
Liability management
Reduction of bad debts

The electronic submission of the “Assets and Funds-source” declaration for all the obligated individuals, their spouses and children, is a procedure that demands absolute precision and thoroughness.

The declaration includes the sum of assets (immovable and not), both in Greece and in foreign countries, and its content should be substantiated with precision in any audit.

Failure to do the above substantiation, or non submission of the declaration within the law-defined deadlines, can lead to severe financial penalties and even imprisonment sentences for up to 10 years.

Our company and its advisors are able to support you during the procedure of collecting the declaration’s supporting documentation, and their submission on the respective platform. In addition, we are providing a full explanation of every action of the entire process, and we are thoroughly inspecting the validation and the precision of the supporting documents, via meetings with our clients.