ACCOUNTING & FINANCIAL STATEMENTS

Prosperity requires accurate & timely accounting

Starting a business is expensive, let our experts guide you through the tasks of ensuring all the relevant paperwork and documents are collated and correctly submitted to the corresponding government departments. We will avoid unnecessary costs incurred as a result of incorrect or late filings, thus saving you valuable time & money. There are five main stages you will need to go through to successfully open your business.

BOOKKEEPING & MANAGEMENT ACCOUNTING

Need help with your bookkeeping?

Spending too much time making sense of the numbers? Let TAG Consultancy manage your bookkeeping and management accounting needs. We can visit your office/shop premises to input all your business transactions into the ledgers, generate monthly/yearly reports and ensure all reconciliations are accurate and up to date. Alternatively, we can simply set up remote access and, via an online accounting software, we can process all your accounting reports from our very own offices. The bottom line stands – outsourcing your accounting operations will not only cut costs, it will gain you access to our management team’s knowledge and expertise

PREPARATION OF THE FINANCIAL STATEMENTS

When & where do you file my accounts?

In Gibraltar, organisations & individuals alike must prepare & file Financial Statements to the Income Tax Office – HM Government of Gibraltar, & Companies House Gibraltar on a yearly basis. Failure to do so can result in fines for simply not meeting the deadlines. Beyond the need to organise business accounts, it is important that owners/directors understand the underlying trends and see the financial position of the business at any given time. At TAG Consultancy we will ensure these task are executed on time, we will discuss the financial results drawn from the financial statements, and guide you through the process of better decision making and target setting.

ONLINE ACCOUNTING SOFTWARE IMPLEMENTATION

What is an ‘online accounting software’?

It goes beyond the simple functions of spreadsheets and can quickly give you valuable insight of your business with just a few clicks. From generating financial reports for detailed analytics to, more efficient data entry to & 24/7 access to your accounting records – an online accounting software will save you on time, effort and costs. Our team of accountants will advise you on the most suitable accounting package for your business, help you with implementation and train your key users on how exactly everything works. Here are a few accounting packages that our team are fully competent with.