Accounting Services
Bookkeeping, VAT, payroll and financial reporting for businesses across Cyprus, handled by a partner-led team based in Limassol.
Bookkeeping, VAT, Payroll & Financial Reporting for Cyprus Businesses
Accounting Services
Iacovou & Co. provides accounting services for businesses across Cyprus from our Limassol office, covering bookkeeping, VAT returns, payroll, financial statements and management reporting for local and international clients.
We know that proactive accounting is about more than just numbers. That is why we get to know your business well enough to plan ahead, and why we keep things simple and talk your language rather than burying you in accounting jargon.
In our experience, the businesses that get the most out of an accountant are not the ones who hand over a box of receipts once a year. They are the ones we talk to regularly, so we can flag a VAT threshold approaching, or a cash flow gap coming three months out, before it becomes a problem rather than after.
That is the standard we hold ourselves to on every account: not just the compliance filings, but genuinely knowing your business well enough to say something useful about it.
What's Included
Our Accounting Services Cover
01
Bookkeeping
Recording the day-to-day financial transactions of your company: sales, purchases and nominal ledgers, kept accurate and current.
02
VAT Returns
Preparation and submission of VAT returns, with an eye on the Cyprus-specific rules around EU goods and services.
03
Payroll
Monthly payroll processing, so your team gets paid correctly and on time, every time.
04
Financial Statements
Preparation of financial statements that give you, and your auditor if needed, an accurate picture of where the business stands.
05
Management Reporting
Regular management reports that go beyond the statutory minimum, built to help you make decisions, not just file paperwork.
Local Businesses and International Companies in Cyprus
Who We Work With
We work with family-run businesses that have been with us for years, and with international companies that chose Cyprus as their base more recently. Both need the same thing from their accountant: accurate books, on-time VAT and payroll, and someone who picks up the phone.
Accounting Services, Answered
FAQ
What accounting services does Iacovou & Co. offer in Cyprus?
Bookkeeping, VAT returns, payroll, financial statements and management reporting for businesses across Cyprus, from a Limassol-based, partner-led team.
How much do accounting services cost in Cyprus?
Accounting fees in Cyprus typically depend on transaction volume, whether payroll is included, and how often you need management reporting. Rather than quote a blanket figure, we prefer to understand your business first. Contact us for a quote based on what you actually need.
Do you handle VAT returns for Cyprus companies?
Yes. VAT return preparation and submission is one of our core accounting services, alongside broader tax planning support if you need it.
Do you work with international companies as well as local Cyprus businesses?
Yes. We work with family-run local businesses and with international companies that chose Cyprus as their base.
When are Cyprus VAT and payroll deadlines?
VAT returns are due quarterly and payroll contributions are due monthly. Our Cyprus Tax Calendar 2026 lists every specific date for the year.
Talk to Our Accounting Team.
Get Started
Whether it is bookkeeping, payroll, or your next VAT return, we would like to hear from you.
