Accounting and Tax Outsourcing Services

Statutory Compliance

Compliance with local regulations often challenges subsidiaries when their accounts are maintained in a centralized ERP, geared to serve the parent entity. Our Statutory Compliance service is tailored to streamline these processes. We ensure that your financial statements and tax filings meet local standards, are accurately executed, and timely, regardless of your parent company’s primary business environment or the configuration of your shared service centre.

Statutory Compliance services

By relying on accounting data processed by the client, we ensure that your statements and taxes are prepared fairly and meet local documentation and timing requirements.

Our aim is to manage your financial reporting and tax obligations efficiently and in compliance with local regulatory requirements.

We offer comprehensive solutions that facilitate adherence to local regulations within a globalized accounting framework.

By leveraging our expertise and customized support, we ensure that your financial operations are compliant and strategically aligned with both local and global business objectives.

Entrust your compliance needs to us, enabling you to focus on advancing your business.

 

What we do

Our Statutory Compliance services include:

  • Local Standard Compliance: Ensuring your financial statements align with local accounting standards.
  • Tax Filing: Managing and filing taxes in accordance with local deadlines and documentation requirements.
  • ERP Configuration Review: Reviewing and advising on your ERP system to ensure compatibility with local compliance needs.
  • Data Processing: Utilising accounting data processed by the client for accurate compliance reporting.

Benefits Overview

Clients benefit from our services in several ways:

  • Assurance of compliance with local statutory regulations.
  • Reduced risk of penalties and legal issues due to non-compliance.
  • Expert guidance on managing complex compliance scenarios.
  • Streamlined and efficient handling of compliance-related tasks.
  • Peace of mind, knowing that statutory requirements are being met diligently.

  

Read about…

Accounting and Tax Compliance services

 

Corporate administration services

Outsourcing solutions for an airline company

Outsourcing solutions for an airline company

As a new airline our Client was looking for an outsourcing partner to support them right from the beginning with all accounting matters a new company with complex operations can expect. PS was engaged not just to design, set-up but also to assist in operating and continuously improving...
SSC support for a mobile communication company

SSC support for a mobile communication company

As various functions from lots of countries were in the process of migrating into the SSC our Client was looking for ongoing support of additional resources from PS. We had to provide qualified and trained temporary replacement who after a minimal transition period was able to take over the necessary tasks and ensure...

Accounting and reporting process improvement

Despite using tailor made solutions, Client was struggling with his accounting and reporting systems which were working unreliably and were unable to satisfy complex management information needs.

Accounting for leasing companies

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Due diligence support for a media company

Due diligence support for a media company

PS was assigned to carry out a due diligence before an acquisition deal among two significant players within the industry. Our Client was expecting a report on compliance with accounting and tax regulations as well as support in analysis future cash flow projections to validate income and expenditure assumptions...
Fast clean-up for a real estate company

Fast clean-up for a real estate company

The accounting books of the Client were in a mess, account balances were unreconciled and they were also late with tax return filings. We were asked for immediate support as they were preparing the Company for sale.
Payroll services in state and government sector

Payroll services in state and government sector

After winning the contract, PS had the opportunity to provide payroll and cafeteria administration services for a client in the governmental sector. The transition period was challenging, as less than 2 months were left to take the client over from the previous service provider and to set-up the new payroll system and cafeteria processes.

Process improvement at a global media company

Our Client had diverse solutions and systems for finance accounting and management reporting functions. They were looking for less manual processes, recommendations for automation opportunities and strengthened internal controls.
Consolidated financial statements

Consolidated financial statements

Our Client is an active investor on the real estate market. In addition to ongoing accounting services PS was assigned to provide consolidated financial statements for the Stock Exchange and assist in the statutory audit twice a year by adhering to strict internal deadlines.