English-Speaking Accountants in Italy

    • ilaria began providing accounting services in 1999 following an excellent academic career that included two semesters at the European Business School in London and one summer session at the Berkeley University of California. She is a certified accountant both in Italy and in the UK (ACCA). The principle services that ilaria provides, includes tax accounting, bookkeeping, real estate taxation, business legal consultancy, auditing and company evaluations/due diligence.
      Testimonials for Ilaria
      • Greg Turner
        Greg Turner, San Remo

        Ilaria was extremely knowledgeable and helpful. She was very prompt in replying to me or calling me.


        I can’t speak Italian correctly and she could then speak English to me as if it’s her 1st language.


        I have spent a long time looking for an Italian/English speaking accountant that is experienced, trustworthy and makes you feel welcome to contact her. I appreciate making contact with her and will certainly use her for all things related in the future.


        Nothing to improve. Top service and I will use your business again each time. Thank you


        Feb 15, 2019
      • Lara
        Lara, Turin

        My contact in Italy, Ilaria, was SO helpful and responsive. 100%recommend


        Jan 04, 2019
      • Daniel Mannion
        Daniel Mannion, Italy

        Dedicated help received in a very responsive manner. Very happy with all the help I was given!


        Nov 28, 2018

Our services

Accounting Services

Audit

Audit Requirements in Cyprus


All companies must prepare and submit annually to the Registrar of Companies, Financial Statements prepared according to International Financial Reporting Standards (IFRS) showing the true and fair picture of the affairs of the company and explaining its transactions. From 2016 onwards all companies in Cyprus, including small/dormant companies, are subject to statutory audit and the exception that existed previously has now been abolished.

 

Categories of Companies in Cyprus


The criteria for categorizing companies according to their size have been established and are summarized below:

Small Companies

Small companies are defined as being the companies which as of their reporting date do not exceed at least two of the following three criteria:

• Total gross assets: €4 million
• Net Turnover: €8 million
• Average number of employees during the financial year: less than 50

Medium-sized companies

Medium-sized companies are defined as being the companies which as of their reporting date, do not exceed at least two of the following three criteria:

• Total gross assets: €20 million
• Net Turnover: €40 million
• Average number of employees during the financial year: less than 250

Large companies

Large companies are defined as being the companies which as of their reporting date, exceed at least two of the following three criteria:
• Total gross assets: €20 million
• Net Turnover: €40 million
• Average number of employees during the financial year: more than 250

* Note that ‘Net Turnover’ is defined as amounts derived from the sale/provision of products/services after deducting returns/rebates and VAT.

 

Our Audit Service


Below are the details of our Auditing Service:

  • Our qualified auditors prepare the audit of Financial Statements that includes the examination and verification of a company’s financial and accounting records and supporting documents.
  • All companies that are registered in Cyprus must prepare and submit to Cyprus authorities Audited Financial Statements every year. As required by Cyprus Companies Law the Audited Financial Statements must be submitted every year to Inland Revenue Department and to Registrar of Companies.
  • We prepare the Financial Statements in accordance with International Finance Reporting Standards as well as the Audit Reports in accordance with the International standards of Auditing.
  • Audit provides to every business the opportunity to improve company’s effectiveness and reliability. Furthermore as external Auditors we form an independent opinion on the Financial Statements.
     

 

Fees


The cost of our audit service will depend on the size and scope of the business activities that need to be audited, though start at around 800€ + VAT. Please contact us by phone or the form below to arrange a quick estimate.

Code of Reasonable Fees

Our clients can expect to receive a quotation that is at or below the recommended guideline prices by our local Professional Body.

Free Support Services Included

When combined with the free and innovative Advocate Abroad support services you can be sure that you are obtaining completely transparent legal services from registered and regulated English-speaking lawyers abroad.These support services include:

  • Verification of the regulatory status of your lawyer.
  • Fees as recommended by the Local Professional Body
  • Fees specified in advance and legally guaranteed.
  • Service levels agreed in advance and guaranteed.
  • All professionals must hold professional indemnity insurance.
  • Professionals' proficiency in English monitored.
  • Continuous quality controls and reviews.
Contact Us

Business Plan

Who is this Service for?

Businesses expand and prudence demands that an investigation is carried-out in advance to ensure that the business that thrives in one country can do so in another. Laws may be different and cultures certainly are, so having a business plan drafted before making substantial and usually unrecoverable investments in a foreign country, is vital. Hiring an expert accountant with years of experience in dealing with businesses in the same sector will provide you with an analysis on likely success of your business venture at a fraction of the initial investment cost.

What does this service consist of?

  • Analysis of typical costs, based on input from entrepreneur/business owner
  • Analysis of any legal/fiscal complexities
  • Analysis of incumbent competitors and competitive threats
  • Analysis of any cultural difficulties in implementation

Code of Reasonable Fees

Our clients can expect to receive a quotation that is at or below the recommended guideline prices by our local Professional Body.

Free Support Services Included

When combined with the free and innovative Advocate Abroad support services you can be sure that you are obtaining completely transparent legal services from registered and regulated English-speaking lawyers abroad.These support services include:

  • Verification of the regulatory status of your lawyer.
  • Fees as recommended by the Local Professional Body
  • Fees specified in advance and legally guaranteed.
  • Service levels agreed in advance and guaranteed.
  • All professionals must hold professional indemnity insurance.
  • Professionals' proficiency in English monitored.
  • Continuous quality controls and reviews.
Contact Us

Due Diligence

Who is this Service for?

If you are considering investing in a business overseas then you will need expert assistance to obtain an analysis of the fundamental financial position of the company.

What does this service consist of?

  • Evaluation of the entire set of financial statements
  • Provision of a comprehensive and consistent set of results
  • Provision of a clear and comprehensive report which can seamlessly support the investment evaluation process
  • Identification of cost-saving opportunities

Code of Reasonable Fees

Our clients can expect to receive a quotation that is at or below the recommended guideline prices by our local Professional Body.

Free Support Services Included

When combined with the free and innovative Advocate Abroad support services you can be sure that you are obtaining completely transparent legal services from registered and regulated English-speaking lawyers abroad.These support services include:

  • Verification of the regulatory status of your lawyer.
  • Fees as recommended by the Local Professional Body
  • Fees specified in advance and legally guaranteed.
  • Service levels agreed in advance and guaranteed.
  • All professionals must hold professional indemnity insurance.
  • Professionals' proficiency in English monitored.
  • Continuous quality controls and reviews.
Contact Us

Fiscal Advice

Who is this Service for?

Prudent individuals who move abroad and/or plan to acquire assets theresuch as holiday homes, cars, boats, businesses etc. will typically consider the fiscal impact of acquiring such assets on their overall taxation levels, compliance matters and future issues such as inheritance issues. This can be a complex area and requires an advisor of many years of experience to assist.

What does this service consist of?

  • Initial discussion to determine your particular circumstances, concerns, requirements
  • Preparation of a report on your options and the most tax efficient course of action
  • Follow-up meeting (at our offices, by phone or email) to discuss any questions arising from the report

Code of Reasonable Fees

Our clients can expect to receive a quotation that is at or below the recommended guideline prices by our local Professional Body.

Free Support Services Included

When combined with the free and innovative Advocate Abroad support services you can be sure that you are obtaining completely transparent legal services from registered and regulated English-speaking lawyers abroad.These support services include:

  • Verification of the regulatory status of your lawyer.
  • Fees as recommended by the Local Professional Body
  • Fees specified in advance and legally guaranteed.
  • Service levels agreed in advance and guaranteed.
  • All professionals must hold professional indemnity insurance.
  • Professionals' proficiency in English monitored.
  • Continuous quality controls and reviews.
Contact Us

Not For Profit Associations

Who is this Service for?

Many people decide at some point in their lives to join an organisation that has a specific set of aims that are close to their heart. These organisations do not have as their objective the making of profit, nonetheless, since they often have fund-raising, spend money that they receive and indeed may have paid officers running the organisation, they are subject to legal and fiscal rules that must be adhered to. Most countries have special rules adapter for not-for-profit organisations, but they must be established according to local laws.

What does this service consist of?

  • Initial discussion to understand your objectives
  • Assessment of the objectives and a proposed structure
  • Application to the appropriate government bodies for approval
  • Registration of the organisation with the appropriate government bodies
  • Finalisation of the structure of the association and appointment of director

    Code of Reasonable Fees

    Our clients can expect to receive a quotation that is at or below the recommended guideline prices by our local Professional Body.

    Free Support Services Included

    When combined with the free and innovative Advocate Abroad support services you can be sure that you are obtaining completely transparent legal services from registered and regulated English-speaking lawyers abroad.These support services include:

    • Verification of the regulatory status of your lawyer.
    • Fees as recommended by the Local Professional Body
    • Fees specified in advance and legally guaranteed.
    • Service levels agreed in advance and guaranteed.
    • All professionals must hold professional indemnity insurance.
    • Professionals' proficiency in English monitored.
    • Continuous quality controls and reviews.
    Contact Us

Payroll Services

Tax-Payroll-HR Service in Portugal

As well as offices in Lisbon, accounting and associated services to English-speaking clients are provided via the Advocate Abroad network of offices in Portugal (red markers on main map below). Each of the lawyers on the map of Portugal below are registered and regulated by the Law Society of Portugal and so we are able to offer a truly nationwide service to English-speakers wherever they wish to set-up their business in Portugal.

Fully Managed HR & Payroll Service

This service includes the following components:

  • Initial Set-up according to client’s requirements
  • Production of Employee Payslips (printed at client site)
  • Management & Payment of Employer & Employee Social Security Contributions
  • Registration and Removal of Employees from Social Security system

This service costs €25 per month for the first employee and €20 per additional employee.

All prices are ex-IVA (@ 23%).
 

Ongoing Tax Compliance

In Portugal limited companies are required by law to produce annual accounts, a director’s report (which has to include a true and fair view of the company’s affairs, the business trajectory and standing, as well as a list of principal – if any – risks that the company faces, the company’s likely future outlook amongst other matters).

The company is also liable for corporation tax. Self-employed individuals have a lower reporting threshold and mainly is required to provide quarterly income tax and VAT returns.

Fees for this service are available upon request as the cost will vary according to the type of business, number of operations etc.

Regulated Experts

Our consultants are registered and regulated by the Professional Accountants Body of Portugal and speak fluent English. Therefore, you can be sure that you will obtain timely answers to any queries you may have, in a language that you understand!

Code of Reasonable Fees

Our clients can expect to receive a quotation that is at or below the recommended guideline prices by our local Professional Body.

Free Support Services Included

When combined with the free and innovative Advocate Abroad support services you can be sure that you are obtaining completely transparent legal services from registered and regulated English-speaking lawyers abroad.These support services include:

  • Verification of the regulatory status of your lawyer.
  • Fees as recommended by the Local Professional Body
  • Fees specified in advance and legally guaranteed.
  • Service levels agreed in advance and guaranteed.
  • All professionals must hold professional indemnity insurance.
  • Professionals' proficiency in English monitored.
  • Continuous quality controls and reviews.
Contact Us

Personal Tax Consultation

Who is this Service for?

Moving countries entails a lot of logistical planning. One aspect that does arise frequently is the taxation impact of making such an important move. Frequently, individuals notice that personal taxation rates can generally be higher in the Mediterranean countries. However, with proper advice their impact can be mitigated as much as possible

 

What does this service consist of?

  • Initial discussion to determine your particular situation
  • Preparation of a report on your tax liabilities and benefits
  • Summary discussion – by phone, email - to handle follow-up questions on report

Code of Reasonable Fees

Our clients can expect to receive a quotation that is at or below the recommended guideline prices by our local Professional Body.

Free Support Services Included

When combined with the free and innovative Advocate Abroad support services you can be sure that you are obtaining completely transparent legal services from registered and regulated English-speaking lawyers abroad.These support services include:

  • Verification of the regulatory status of your lawyer.
  • Fees as recommended by the Local Professional Body
  • Fees specified in advance and legally guaranteed.
  • Service levels agreed in advance and guaranteed.
  • All professionals must hold professional indemnity insurance.
  • Professionals' proficiency in English monitored.
  • Continuous quality controls and reviews.
Contact Us

Tax & Accounting Services

Who is this Service for?

Anyone undertaking a business activity will require a local tax and accounting service. While you will benefit from not having to worry about whether or not you are compliant with the legal requirements such as VAT returns, Corporation Tax, Income Tax etc. you can also relax in the knowledge that any communications received from the Tax Authority – often impenetrable to locals never mind foreigners – will be managed conveniently and efficiently by your accountant.

What does this service consist of?

  • Financial accounting and reporting.
  • Accounting for special purposes, preparation of annual accounts.
  • Manage communications with the Tax Authorities.
  • Complete management of the company’s accounts.
  • Administrative support for accounts/ accounting records: Preparation of accounting.
    Documents – cash documents, travel orders, inventory control, property records, issuing invoices, internal documents, approval process of documents, printing & copying, sorting and filing of accounting documents).
  • VAT returns, Corporation Tax, Income Tax, Non-resident tax, any other tax obligation with any national tax authority: National/Regionals/Local.
  • Business address (whether it will be only for correspondence or you will really make your business there).
  • Recommendations regarding the most appropriate fiscal arrangements to ensure taxation levels are optimised
  • Resolution of tax enquiries related to your activity.
  • Completion and presentation of all required tax returns.
  • Company annual return (abbreviated accounts: balance sheet, profit and loss statement, annual report)
  • Ongoing updates on any legislative changes affecting the area of the Company Activities

Code of Reasonable Fees

Our clients can expect to receive a quotation that is at or below the recommended guideline prices by our local Professional Body.

Free Support Services Included

When combined with the free and innovative Advocate Abroad support services you can be sure that you are obtaining completely transparent legal services from registered and regulated English-speaking lawyers abroad.These support services include:

  • Verification of the regulatory status of your lawyer.
  • Fees as recommended by the Local Professional Body
  • Fees specified in advance and legally guaranteed.
  • Service levels agreed in advance and guaranteed.
  • All professionals must hold professional indemnity insurance.
  • Professionals' proficiency in English monitored.
  • Continuous quality controls and reviews.
Contact Us

Tax Planning

Who is this Service for?

Prudent individuals who have assets abroad such as holiday homes, cars, boats, businesses etc. should consider what will be the future taxation impact of transferring ownership of those assets to loved ones and other beneficiaries. This can be a complex area when considering taxes which are applied inter vivos – as gifts, and those donated via causa mortis, via a Will.

What does this service consist of?

  • Initial discussion to determine your particular situation
  • Preparation of a report on your options and the most tax efficient course of action
  • Follow-up meeting (at our offices, by phone or email) to discuss any questions arising from the report

Code of Reasonable Fees

Our clients can expect to receive a quotation that is at or below the recommended guideline prices by our local Professional Body.

Free Support Services Included

When combined with the free and innovative Advocate Abroad support services you can be sure that you are obtaining completely transparent legal services from registered and regulated English-speaking lawyers abroad.These support services include:

  • Verification of the regulatory status of your lawyer.
  • Fees as recommended by the Local Professional Body
  • Fees specified in advance and legally guaranteed.
  • Service levels agreed in advance and guaranteed.
  • All professionals must hold professional indemnity insurance.
  • Professionals' proficiency in English monitored.
  • Continuous quality controls and reviews.
Contact Us

VAT

Who is this Service for?

Understanding local VAT rules and what actions need to be taken to ensure compliance are critical for businesses involved in providing services and products to other businesses and consumers resident in foreign countries. National tax enforcement authorities tend to be zealous in relation to VAT compliance and infractions can prove extremely costly and disruptive.

What does this service consist of?

  • Initial discussion to determine your particular situation
  • If you have received notification of an infringement, the tax lawyer will consider your legal options and best outcomes. Upon agreement, the lawyer will then represent you before national tribunals
  • If you need to understand how the local VAT rules and regulations would impact you and a proposed business plan, a report will be compiled. A follow-up meeting is generally arranged to deal with questions that arise as a result of the content of the report.
  • Code of Reasonable Fees

    Our clients can expect to receive a quotation that is at or below the recommended guideline prices by our local Professional Body.

    Free Support Services Included

    When combined with the free and innovative Advocate Abroad support services you can be sure that you are obtaining completely transparent legal services from registered and regulated English-speaking lawyers abroad.These support services include:

    • Verification of the regulatory status of your lawyer.
    • Fees as recommended by the Local Professional Body
    • Fees specified in advance and legally guaranteed.
    • Service levels agreed in advance and guaranteed.
    • All professionals must hold professional indemnity insurance.
    • Professionals' proficiency in English monitored.
    • Continuous quality controls and reviews.
    Contact Us

Business Services

Business Licence Application

Who is this Service for?

Opening and operating a business can often require the owner to obtain a license to carry-out the specific activity. Sometimes, this is passed-on to the new owner, if purchasing an existing business, or if not, it may be necessary to make an application. Where the business shall deal with the public, these tend to be quite arcane and complex. Especially if the activity or service to be provided is dangerous in any way, such as certain sporting activities.

What does this service consist of?

  • Initial discussion with a lawyer to understand the project you have in mind
  • Preparation of a report on the steps to be taken to initiate the activity and the likely costs involved, including an evaluation of the likelihood of success
  • Upon agreement, initiation of the application and the steps to obtain the licence
  • Follow-up services to include full tax and accounting service

Code of Reasonable Fees

Our clients can expect to receive a quotation that is at or below the recommended guideline prices by our local Professional Body.

Free Support Services Included

When combined with the free and innovative Advocate Abroad support services you can be sure that you are obtaining completely transparent legal services from registered and regulated English-speaking lawyers abroad.These support services include:

  • Verification of the regulatory status of your lawyer.
  • Fees as recommended by the Local Professional Body
  • Fees specified in advance and legally guaranteed.
  • Service levels agreed in advance and guaranteed.
  • All professionals must hold professional indemnity insurance.
  • Professionals' proficiency in English monitored.
  • Continuous quality controls and reviews.
Contact Us

Business Set-Up

Who is this Service for?

If you have already decided on the type of business you want to run, and where you wish to locate it, then the main decision you will need to make is whether you should set it up as a limited company or as a sole trader.

This can be extremely important as you can save a considerable amount of money depending on which option you choose. Both have benefits and drawbacks.

Self-employed is of course cheaper to set-up and less costly to manage since the reporting requirements are lesser than in the case of limited companies.

On the other hand, limited companies do limit your liability in the case of a claim against your business, which depending on the type of business could be the only reason you need to opt for this type of structure. Otherwise, a limited company is rather more flexible when there are a number of partners or when the company has other, more complex attributes.

What does this service consist of?

  • Ensure legal interests are protected, especially when creating a company with several partners.
  • Drawing-up a notarial contract according to your guidelines, properly prepared and tailored to your objectives.
  • Ensuring that your Articles of Association contain all necessary elements.
  • Make sure that the application is made in accordance with the requirements of the Commercial Companies Code. With the power of attorney you will have granted to us, on your behalf we will register your company at all Government institutions and offices required by law.
  • Applying for company tax and identification numbers.
  • Obtaining all necessary documents, permits and approvals.
  • Dealing with bank formalities connected with setting up of the company bank account.
  • Once completed the registration process, we will draw up all other corporate documents required by the Commercial Companies Code.

Code of Reasonable Fees

Our clients can expect to receive a quotation that is at or below the recommended guideline prices by our local Professional Body.

Free Support Services Included

When combined with the free and innovative Advocate Abroad support services you can be sure that you are obtaining completely transparent legal services from registered and regulated English-speaking lawyers abroad.These support services include:

  • Verification of the regulatory status of your lawyer.
  • Fees as recommended by the Local Professional Body
  • Fees specified in advance and legally guaranteed.
  • Service levels agreed in advance and guaranteed.
  • All professionals must hold professional indemnity insurance.
  • Professionals' proficiency in English monitored.
  • Continuous quality controls and reviews.
Contact Us

Limited Company Set-up Service

Who is this Service for?

Depending on the type and size of the business that you are planning to set-up, a limited company can often be the appropriate choice – for the same reasons as are the case in your home country – flexibility and limited liability. Note that the bureaucracy associated with incorporating a company and ensuring tax and reporting compliance tend to be rather more complex than in the UK and other Anglo-Saxon jurisdictions.

What does this service consist of?

  • Ensure legal interests are protected, especially when creating a company with several partners.
  • Drawing-up a notarial contract according to your guidelines, properly prepared and tailored to your objectives.
  • Ensuring that your Articles of Association contain all necessary elements.
  • Make sure that the application is made in accordance with the requirements of the Commercial Companies Code. With the power of attorney you will have granted to us, on your behalf we will register your company at all Government institutions and offices required by law.
  • Applying for company tax and identification numbers.
  • Obtaining all necessary documents, permits and approvals.
  • Dealing with bank formalities connected with setting up of the company bank account.
  • Once completed the registration process, we will draw up all other corporate documents required by the Commercial Companies Code.

Code of Reasonable Fees

Our clients can expect to receive a quotation that is at or below the recommended guideline prices by our local Professional Body.

Free Support Services Included

When combined with the free and innovative Advocate Abroad support services you can be sure that you are obtaining completely transparent legal services from registered and regulated English-speaking lawyers abroad.These support services include:

  • Verification of the regulatory status of your lawyer.
  • Fees as recommended by the Local Professional Body
  • Fees specified in advance and legally guaranteed.
  • Service levels agreed in advance and guaranteed.
  • All professionals must hold professional indemnity insurance.
  • Professionals' proficiency in English monitored.
  • Continuous quality controls and reviews.
Contact Us

Self-employed Set-Up Service

Self-Employed Set-Up & Tax Service in Portugal


Your are focused on your business in Portugal which is why you need your tax and accounting matters to be as straightforward, cost-effective and hassle-free as possible.

Our English-speaking accountants will take care of all registration and day-to-day issues relating to Portuguese tax, social security and accounting matters. Which leaves you with all the time you need to dedicate to your business.

 

Regulated Experts

Our consultants are registered and regulated by the Professional Accountants Body of Portugal and speak fluent English. Therefore, you can be sure that you will obtain timely answers to any queries you may have, in a language that you understand!

 

Office Locations Across Portugal

As well as offices in Lisbon, accounting and associated services to English-speaking clients are provided via the Advocate Abroad network of offices in Portugal (red markers on main map below). Each of the lawyers on the map of Portugal below are registered and regulated by the Law Society of Portugal and so we are able to offer a truly nationwide service to English-speakers wherever they wish to set-up their business in Portugal.

 

Service Features

Our English-speaking consultants will answer your questions about how Portuguese law affects your business and then make sure you comply with all legal requirements relating to legally constituting a business. This will normally require at least some of the following services:

  • Registration with the AT (Autoridade Tributária e Aduaneira - Tax Authority) and the Social Security System
  • Recommendation on the most appropriate fiscal arrangement to ensure taxation levels are optimised
  • Resolution of tax enquiries related to your professional activity
  • Completion and presentation of all required tax returns
  • Maintenance of all legally required records (income, expenses, invoicing,assets)
  • Updates on any legislative changes affecting your professional activity
     

Service Fees

This service costs from €60 per calendar month

 

Additional Services

The Self-Employed Set-Up and Tax Service is ideal for an individual sole trader who is planning to work alone. But, should you later add employees to your expanding business then you will want to add the Fully Managed HR & Payroll Service:

 

Fully Managed HR & Payroll Service

This service includes the following components:

  • Initial Set-up according to client's requirements
  • Production of Employee Payslips (printed at client site)
  • Management & Payment of Employer & Employee Social Security Contributions
  • Registration and Removal of Employees from Social Security system
     

This service costs €25 per month for the first employee and €20 per additional employee.

 

Regulated Experts

Our consultants are registered and regulated by the Professional Accountants Body of Portugal and speak fluent English. Therefore, you can be sure that you will obtain timely answers to any queries you may have, in a language that you understand!

Code of Reasonable Fees

Our clients can expect to receive a quotation that is at or below the recommended guideline prices by our local Professional Body.

Free Support Services Included

When combined with the free and innovative Advocate Abroad support services you can be sure that you are obtaining completely transparent legal services from registered and regulated English-speaking lawyers abroad.These support services include:

  • Verification of the regulatory status of your lawyer.
  • Fees as recommended by the Local Professional Body
  • Fees specified in advance and legally guaranteed.
  • Service levels agreed in advance and guaranteed.
  • All professionals must hold professional indemnity insurance.
  • Professionals' proficiency in English monitored.
  • Continuous quality controls and reviews.
Contact Us
Send Your Enquiry
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