Tax Reporting and Strategy

 

We work with our clients to meet the complex challenges  in the following areas:

finance & accounting, payroll, tax management and administrative support.


Globalisation and technological development over the last decade, together with an increasing need for rationalising costs, have led companies to focus on their core businesses, transferring resources from accessory activities. Outsourcing of administrative and financial functions – including finance & accounting, payroll, tax management and other administrative tasks – is not always an easy decision since it requires a partner that can provide efficient and reliable support. A good cost-benefit rationale is also the key for the success of such decision.

Driving value through the tax and accounting functions

In order to ensure long term success, tax departments must institute integrated operational improvements to:

  • Create, protect and optimize value in the context of the organization’s business objectives
  • Manage the wide range of tax accounting-related risks of doing business
  • Ensure compliance with tax laws and reporting requirements against ever-changing global standards

With an increasing focus on tax issues around the world, companies rely on advisers to help them meet their tax obligations and operate efficiently in today’s complex global tax environment. PwC has the largest tax network in the world based on the quality of our work and our commitment.

We adapt our approach to the specific circumstances of our clients: we listen to our clients, understand their needs and develop an appropriate solution.

Our TRS (Tax Reporting & Strategy) teams worldwide work either from our offices or at our clients’ facilities, using either our clients’ ERPs or ours, as required. We offer our clients the support of dedicated technical specialists, allowing easy and reliable access to relevant information, enhancing effective control over financial, accounting, tax and human resources functions, for the right price. By addressing issues head-on, our clients are able to devise, communicate and risk management to drive value throughout their entire tax and accounting functions.

TRS can help you build sourcing models to adapt to your internal resources strengths or fill gaps in those resources where they exist. We can coordinate the outsourcing of your compliance, across borders, for direct and indirect taxes, statutory financial statement production and tax reporting. 


Tax Reporting and Strategy services

Finance & Accounting

  • Bookkeeping
  • Preparation of the accounts according to local country accounting standards or IFRS
  • Preparation and filing of local statutory financial statements
  • Preparation of consolidated financial statements
  • Preparation/conversion of accounts into different standard formats, including IFRS, US GAAP, and other local standards
  • Tax technology implementations
  • Audit work assistance
  • Training (PwC’s Academy)

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Administrative and Finance Support

  • Record to report (including general ledger and assets accounting).
  • Purchase to pay (including purchase, accounts payable and treasury processes).
  • Order to cash (including sales, billing, accounts receivable and treasury processes).
  • Controlling 
  • Budget management and financial analysis
  • Companies start-up processes: implementation of procedures and controls, general ledger development, technical work models, documentation and management reporting.
  • Support for special situations such as recovery of accounts.
  • Archive of tax and accounting documents.
  • Document management (scanning and indexing documents).
  • Inventory and asset reconciliation.
  • Preparation and filing of statistical reports.
  • Preparation and filing of Intrastat returns.
  • Preparation and submission of declarations for waste management entities (ecotaxes).
  • Administrative support.

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Tax Compliance

  • Value-added tax (VAT) compliance
  • Corporate income tax (CIT) compliance
  • Witholding tax (WHT) compliance
  • Compliance with other tax obligations, depending on the client’s status
  • Management of tax compliance for multinational economic groups (control and project management).
  • Analysis and calculation of current and deferred taxes.
  • Training (Pwc’s Academy)

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Payroll Compliance

  • Human resources administration and payroll processing.
  • Preparation and filing of Payroll compliance reports and returns.

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Staff Secondments

  • Temporary support for accounting, financial or human resources departments.
  • Temporary replacement of staff on the accounting, financial or human resources departments.

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We have more than 60 people in TRS, working across all 11 countries in South East Europe, that we can engage on our projects, with capacity to add value trough ​​combining local and international experience. Our professionals are at the heart of our business strategy and success. They are armed with vast experience and expertise, gained through working with some of the largest global and regional companies.

We are the only professional services firm to have a fully integrated network spanning across the region.

This model allows us to: 

  • Share knowledge and expertise
  • Mobilize resources
  • Provide a regional perspective on client issues
  • Offer cross-border solutions which reflect the international operational models of our clients
  • Help ensure a consistently high standard of quality.

We are proud of the strength and depth of our client portfolio. SEE TRS department  has over then 200 clients and continuously spreading client network. We work with some of the biggest global and regional companies. Building mutually advantageous relationships based on trust between us and our clients is something at the very core of our business.

We are committed to building lasting relationships with you and delivering value to your business.

Technological platform: Microsoft NAV

In today’s global marketplace, the ability to provide management access to financial data - whenever and wherever needed - is crucial to maintaining a competitive edge.

The IT infrastructure and applications required to provide this transparency have become increasingly complex and expensive, especially for small and medium enterprises.

In addition, increasing reporting requirements - not only statutory but also management and tax - and the shortage of accounting professionals have made it very difficult to have your own multidisciplinary finance department covering all these needs.

Contact us

Branka Rajicic
Partner, TRS SEE Leader
Tel: +381 11 3302 100
Email

Olivera Mihailovic
Senior Manager, Tax Reporting & Strategy Services, Serbia, Montenegro
Email

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