Fiduciary services
Any successful business has to have properly managed and accurate accounting processes in place, but this can be time-consuming and companies often lack the necessary resources. During a company’s start-up phase, it should properly focus on its operational business. Many company founders find themselves in trouble as they take on too much and underestimate the administrative work involved. For many entrepreneurs and new founders, it is worth delegating these fiduciary tasks to VZ. You decide whether you want to have us carry out all your administrative work for you, or just certain areas. If you opt for the overall package, you will benefit from particularly low costs.
Which accounting tasks can VZ carry out for me?
The fiduciary experts at VZ will set up a chart of accounts for your company and correctly book all the relevant transactions to the general and subsidiary ledgers based on the documentation you provide. They maintain the accounts payable and accounts receivable functions and manage the master data for all your customers and suppliers. This means you have an overview of all your invoices and always know how much money your customers still owe you and how much you owe your creditors. Our professional payment reminder and collection service ensures that your bad debts are kept to a minimum. Our experts will also draft a set of annual accounts and the agenda for your general meetings.
Why is it recommended to consult an expert when it comes to tax?
Companies and self-employed workers are able to deduct a lot more from their taxes than individuals and employees. Nevertheless, they must spend far more time on this issue as it is extremely complicated. Calculating VAT, for example, is one of the most complex administrative tasks for SMEs. Our fiduciary experts will provide support and advice on all tax matters, whether this is completing your tax return, declaring or reclaiming VAT, or reporting and calculating withholding tax.
What are the benefits of outsourcing your payroll accounting?
Processing salaries is becoming ever more difficult. If companies do not comply with the statutory provisions, they may have to make huge back payments to social insurance schemes or the tax authorities, for example. By outsourcing your payroll function, you can minimise these risks, lower your fixed HR costs and save on the costs of IT licences, installations and maintenance. We generate and send out payslips and salary statements, for example, and ensure that salaries are always paid on time. Our services also include drafting employment contracts as well as the reporting and declarations for social insurance schemes, pension funds and withholding tax.