Annual accounting & audit & tax obligations in 2024

Since 2003, Healy Consultants Group assists our multi-national Clients’ to timely accurately and completely discharge their annual legal, accounting, audit and tax obligations. Our in-house Accounting and Tax Department prepared this web page to help you understand how we will assist your Firm over the coming months. Because international lawyers and accountants fees very per country, we included a range Depending on the country:

No. Tax resident company – annual accounting & audit & tax obligations US$
1. Preparation of abridged financial statements (a 15-page annual report) including:

  • Restructuring and reclassifying income and expenses to i) clearly explain transactions and ii) legally minimize corporation tax and directors personal tax and country withholding tax; and
  • Compliance with International Financial Reporting Standards; and
  • Crafting accurate and complete financial statement disclosures, to properly explain the annual transactions including i) the corporation tax liability (if any) and ii) transfer pricing and iii) foreign exchange gains and losses and iv) depreciation and finance costs and v) IP expenses and vi) dividends and vii) GST and VAT and payroll taxes and viii) Head Office expenses (if any) and ix) related party transactions;
2. For our Client’s tax-resident entity, our in-house Accounting and Tax Department will help:

  • Secure a legal exemption from multiple statutory obligations including i) legal annual return (click link) and ii) independent statutory annual audit and iii) annual FATCA and CRS reports and iv) annual corporation tax returns; and
  • Evaluate the statutory obligation to submit i) quarterly corporation tax payments and ii) monthly GST or VAT reporting and iii) maintain proper record-keeping standards and iv) personal income tax obligations (if any) and v) withholding tax reporting and vi) employer registration and vii) statutory obligations on;
3. When it is a statutory requirement to prepare annual audited financial statements, Healy Consultants Group will project manage the independent statutory annual audit including:

  • Appoint an independent local Audit Firm and aggressively and skillfully negotiate audit terms and conditions, including audit fees and time-lines;
  • Negotiating (with the auditors) the supporting documentation required from your Firm;
  • Collating the statutory documentation for your one-time e-signature;
  • Securing a clean audit report for our Client;
  • Legally minimize local and international corporation tax including withholding tax;
  • Preparing an accurate and complete i) corporate tax return and ii) tax computation and iii) tailored cover letter to the the Government tax authority, explaining annual net profits and the corporation tax liability;
  • Negotiating written inquiries and phone-calls from the Tax Authorities (post tax return submission), justifying annual net profits and losses;
Estimate of total annual accounting & tax & audit fees for a tax resident company 7,970