FISCAL ADVISORY

1. Corporate income tax, income tax for microenterprises, dividend tax, withholding tax, local taxes:

• General tax consultancy services
• Ensuring the tax representative service
• International tax structuring services
• M&A and tax due diligence
• Permanent establishment analysis
• Advise and implementation of holding structures
• Corporate income tax review
• Monthly Withholding tax compliance
• Fiscal inspection simulation
• Assistance in all phases of tax inspections (in front of tax authorities and Courts)
• Benefit Test Services – analysis of the supporting documentation in order to sustain the deductibility of the related expenses
• Tax review (identification of tax risks, reasonability check of non-deductible expenses, identification of any available tax incentives, etc.)
• Fiscal forensic
• Review of the dividend tax computation and exemptions
• Review of local tax computation

2. Value added tax

• Review for assessment of VAT deduction right
• VAT refund assistance
• Assistance in all phases of tax inspections (in front of tax authorities and Courts)
• VAT optimisation for financial sector, pro-rata implementation
• VAT adjustment for capital goods
• Assistance regarding transfer of businesses, M&A and tax due diligence

3. Individual tax compliance

• Assistance in tax inspections for individuals
• Assistance in preparation and submission of annual individual tax statements
• Tax audits for High-Net-Worth Individuals
• Tax residency analysis and solutions
• Preparation / submission of arrival / departure in Romania of related questionnaires / tax residency certificates

FINANCIAL ADVISORY

1. Financial due diligence

Review of Financial statements

• Review of the full set of Financial Statements and Management Reports (Balance Sheet, Profit and Loss and Cash Flow) with the aim to identify main financial risks
• Review of the main revenue and costs drivers of the business
• Review of the quality of net assets

Main financial elements to enhance power of negotiating the transaction price

• Identifying the main risks/elements that could affect the price of the transaction
• Recommendations on the approach to include such elements in negotiation of the price

Assistance to include financial implications in transaction documentation

• Review of the transaction documentation to ensure addressing the financial risks identified in due diligence, the transaction price negotiated and any pre and post closing of transaction financial requirements

2. Preparation for investors/EXIT

• Set up or review of the Business Plan to include and validate main business assumptions
• Set up or review of the existing Management Reporting Pack
• Assistance with the Company’s financial presentation to investors
• Preparation of the owners to familiarize with the investment/EXIT process, special terms used, expectations of the investors
• Pre work with the financial team for the financial due diligence which will be required by the investor
• Review of the internal procedures to understand the level of compliance with minimum requirements of an investor
• Review of the level of segregation between the BOARD activities, Management activities and Owners activities

FINANCIAL AUDIT

• Statutory audit
• Financial audit
• Internal Audit
• AML audit (auditing the activity of preventing and combating money laundering)
• External reporting audit
• Auditing annual / semi-annual financial statements
• Auditing consolidated financial statements
• Accounting audit
• Audit of interim financial statements (dividends)
• Fiscal audit
• European funds audit

CONSULTANCY AND LEGAL ASSISTANCE

• Establishment of companies, representatives, permanent offices
• Hosting corporate headquarters
• Drafting of contracts
• Preparation of payment summons
• Representation in court

ACCOUNTING AND HUMAN RESOURCES

Accounting records

• chronological registration of accounting items based on primary documents
• drawing up the journal of receipts and payments
• drawing up the journal for sales
• drawing up the journal for purchases
• drawing up the cash register
• record fixed assets and calculate monthly depreciation
• analytical and synthetic customer/supplier evidence
• preparation and transmission of monthly trial balances
• preparation and submission of annual financial statements,
• preparation and submission of half-yearly accounting reports
• preparation and transmission of interim financial statements

Taxes and Declarations

• preparation and submission of tax and tax declarations
• calculation of the amounts related to the fees and taxes owed
• providing the details necessary to make the payments related to the fees and taxes due

Payroll and HR

• drawing up salary statements, as well as drawing up and submitting declarations regarding the obligations related to personnel rights
• drawing up and submitting the General Register of employees

ANAF services

• adjustment of payer record sheets and obtaining tax attestation certificates
• representation or assistance in the case of fiscal controls.

CRISIS MANAGEMENT AND LIQUIDATION OF COMPANIES

• Analysis of the economic situation of the company
• Finding solutions for economic recovery
• Preparation of company liquidation documentation