Our services

We offer comprehensive professional services with over 19 years of experience in accounting.

Accounting services

In addition to specific accounting services, we provide regular information on certain financial and tax opportunities to the management.

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    • Preparing accounting, synthetic and analytical records, by chronologically recording the primary documents;
    • Preparing the monthly trial balance;
    • Preparing the accounting journal, inventory book, VAT journals, and general ledger;
    • Preparing and submitting the client the Payment Orders with taxes to be paid to the State Budget;
    • Management accounting;
    • Preparing and submitting monthly, quarterly and annual tax returns on taxes and payable fees;
    • Preparing and submitting annual financial statements;
    • Assisting in organizing and keeping the accounts, including in the case of computer systems;
    • Drafting and implementing accounting procedures, the chart of accounts adapted to the unit, management accounting, management control, and budget control, based on and in compliance with the legal regulations;
    • Restoration of accounting records;
    • Solutions/suggestions for tax optimization of the company;
    • Solutions/suggestions for financial optimization of the company;
    • Solutions/suggestions for cash flow optimization of the company;
    • Balance Sheet (BS) and Profit and Loss Account (P&L) reports according to the requirements of the Management/Board of Directors;/li>
    • Consolidating the Balance Sheet and Profit and Loss Account (BS and P&L);
    • IFRS Reports.

Payroll services

With over 19 years of experience in the accounting field, we provide complete payroll services, preparation, and filing of 112 payroll tax returns.

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  • Calculating taxes and contributions payable by employees and employers;
  • Preparing payment statements and payment orders for taxes and payable contributions, based on
    the Time Sheet/Collective Attendance Sheet and other documents, when applicable: requests
    for paid leave, medical certificates, requests for unpaid leave, decisions of the Director for
    granting bonuses/extra pays, etc.;
  • Preparing and submitting the statement on the obligations to the Social Health Insurance Budget, CAS (Social Security Fund), CASS (Health Insurance Fund), and the Employment Insurance Contribution,
    namely preparing and submitting monthly/quarterly Form 112;
  • Preparing and annually submitting tax records for employees, when the legislation in force requires the submission of tax records.

Preparing and submitting tax returns

Monthly/quarterly/annual tax returns: 100, 101, 105, 107, 300, 390, 394, 205, 207; Assistance with tax calculation.

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  • Assistance/consultancy in preparing and submitting tax returns, if the client has an internal financial-accounting department;
  • Preparing the monthly/quarterly VAT returns (D300);
  • Preparing the special VAT return (D301);
  • Preparing the quarterly income tax return for micro-enterprises (D100);
  • Preparing the quarterly corporate tax return (D100);
  • Preparing the annual corporate tax return (D101);
  • Preparing the return on VAT purchases and sales on the Romanian territory (D394);
  • Preparing the monthly/quarterly return on the purchase/sale of intra-Community goods VIES (D390);
  • Preparing the annual return on sponsorships (D107);
  • Preparing the annual withholding tax returns (D205 and D207);
  • Assistance/consultancy in calculating tax fees payable by the company, in case the company has an internal accounting and tax department;
  • Assistance/consultancy in preparing and submitting tax returns, in case the company has an internal accounting and tax department.

Preparing and submitting Balance Sheets

Half-yearly and annual Balance Sheets; Assistance in the preparation of half-yearly and annual Balance Sheets, if the client has an internal financial-accounting department.

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  • Preparing and submitting half-yearly Balance Sheets;
  • Preparing and submitting annual Balance Sheets;
  • Assistance/Consultancy in preparing and submitting annual and half-yearly Balance Sheets, if the company has an internal accounting department.

ITM Revisal Services, including assistance

ITM (Territorial Labour Inspectorate) Revisal (Electronic Employee Registry) Services, assistance with ITM audits on payroll, employment contracts, etc.; Uploading employment contracts to the Revisal ITM database, or changes to the contracts, etc.

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  • Services for the company registration with ITM, including REVISAL and for obtaining the password for uploading contracts to ITM;
  • Recording and submitting employment contracts, addenda, and termination of contracts;
  • Recording and supplementing the Employee Registry;
  • Consultancy in preparing personnel files;
  • Assistance and/or consultancy during ITM audits.

Consultancy in closing the trial balance

Accounting consultancy, including monthly/quarterly assistance in closing the trial balance, if the client has an internally organized accounting department.

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  • Monthly/quarterly assistance/consultancy in closing the trial balance, if the client has an internal accounting department;
  • Assistance with financial-accounting legislation (corporate tax, income tax, VAT, excise duties, social security, etc.);
  • Taxation of companies;
  • Withholding taxes;
  • Balance Sheet (BS) and Profit and Loss Account (P&L) Reporting according to the requirements of the company’s management/leadership;
  • Consolidating BS and P&L
  • IFRS Reports;
  • Consultancy and analysis on preparing the financial statements;
  • Analysis of financial flows and cash flow statement;
  • Consultancy and analysis on the accounting of debts and receivables;
  • Consultancy and analysis on the accounting of capitals and fixed assets;
  • Consultancy and analysis of the stock accounting;
  • Consultancy and analysis of treasury accounting;
  • Consultancy and analysis of the income and expense accounting;
  • The assistance of the taxpayer during tax audits;
  • Assistance in preparing the necessary documents to obtain loans for companies.

Tax consultancy on VAT and other taxes

Tax consultancy on VAT, fees, and taxes related to salaries, micro-enterprise tax, corporate tax, local taxes, tax on non-resident services; Tax optimization solutions.

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  • VAT;
  • Micro-enterprises income tax;
  • Corporate income tax;
  • Local fees and taxes;
  • Payroll taxes;
  • Non-EU and EU non-resident services tax;
  • Up-to-date update of tax legislation;
  • Consultancy in calculating fees and taxes payable by the company;
  • Consultancy in preparing and submitting tax returns(100,101,300,390,394,205,207,etc.);
  • Consultancy in tax optimization solutions, in compliance with the tax legislation in force;
  • Tax optimization solutions.

Consultancy during tax audits and regarding VAT refunds

Preparing the documentation required by the tax audit bodies, assistance during the tax audit, consultancy, and client representation during the tax audit).

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  • Tax consultancy/assistance during tax audits (NAFA, Fiscal Antifraud, Financial Administrations, etc.);
  • Tax consultancy/assistance during ITM audits;
  • Tax consultancy/assistance during DITL, local taxes and fees directorate audits;
  • Assistance during tax audits regarding VAT refunds;
  • Preparing/assistance/consultancy in preparing the accounting/tax documentation/statements required by the audit bodies for VAT Refunds;
  • Representation of the company in tax audits, based on a notarial power of attorney.

Human resources and personnel administration

We provide professional services related to: employment contracts, personnel files, preparing and issuing employee certificates as requested.

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  • Preparing, concluding, and uploading individual employment contracts to REVISAL;
  • Preparing personnel files, obtained from the employee the necessary documents, papers, and statements required for the file;
  • Preparing seniority certificates for employees who have not drafted a labour booklet;
  • Preparing and filling in Certificates requested by the company’s employees;
  • Preparing any personnel reports requested by the client;
  • We provide legislative support for any issue arising in the field of labour relations;
  • We provide support in case of audits performed by the competent bodies of the Ministry of Labour.

Accounting audit and tax audit, including financial audit

Audit and due diligence services; Financial flow and cash-flow analysis; Consulting and analysis of company income and expenses, including the Revenue and Expenditure Budget.

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  • Accounting audit services;
  • Tax audit services;
  • Financial audit services;
  • Financial accounting and fiscal due diligence services;
  • Cash flow analysis services, financial flow, and income and expenditure budget analysis;
  • Assistance/consultancy in concluding loan agreements with various banks;
  • Assistance/consultancy on financial/operational leasing contracts;
  • Reporting to the internal/external management of the company, including consolidations and IFRS reporting.

EU and non-EU non-resident professional services

“We provide services for EU and non-EU non-residents: Double Taxation Avoidance Agreement Consultancy; Non-resident work permit consultancy (EU & non-EU); Analysis and consultancy on fees and payable taxes.

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  • Consultancy on fees and taxes payable by EU and non-EU non-resident legal entities;
  • Consultancy on fees and taxes payable by non-resident EU and non-EU individuals;
  • Consultancy on Double taxation conventions signed by Romania and various countries;
  • Analysis and consultancy on fees and taxes payable by non-resident Romanian legal entities from the point of view of the Romanian Fiscal Code & Double Taxation Conventions;
  • Consultancy on EU and non-EU non-resident work permits.

Other punctual accounting services, on the request

Services related to the periodical verification of the Payer Tax Record from NAFA, obtaining verification certificates issued by ONRC (National Trade Registry Office), registration or legal services.

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  • Periodic verification of the Payer Tax Record from NAFA;
  • Obtaining certificates from ONRC (National Trade Registry Office) in just 10 minutes;
  • Obtaining Fiscal Certificates from NAFA;
  • Timely information on changes in the tax and accounting field;
  • Beneficial Owner Statement (DBR) registration services;
  • Legal services: registration of places of business, change of company registered office, registration/modification/updating of the company’s articles of incorporation and activity object, legal services concerning ONRC.

ACCOUNTING

PAYROLL

TAX CONSULTING

TAX RETURNS

Our speciality

IB Contab offers comprehensive accounting services. Whether we are talking about full outsourcing of accounting services within a company, or punctual consultancy and support, our services aim to improve the financial function of your business.

With IB CONTAB you will have an objective view of your business and you will always receive suggestions for financial optimization!

You will always be up to date with all the regulations and changes that are happening and you will learn how to take advantage of all the opportunities your business can have!

SAVE TIME

Let our team handle the complicated regulations and deadlines and get things done in an efficient way.

SAVE MONEY

Outsource your accounting services and reap short and long-term benefits. Our team will continuously provide tax optimization solutions for your company!

WORK SMART

Choose to work with professionals! IB CONTAB is a team with more than 19 years of experience and extensive knowledge in accounting!

SPECIALIZED ASSISTANCE

Our specialists will help you understand the fundamentals of accounting and what is important for your business!

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