FFSF24 S17 - Introduction to accounting and tax for startups
The presentation will offer an insightful exploration into the accounting and tax considerations relevant to startups.
Initially, we'll highlight the importance of maintaining precise financial records and delve into key aspects of accounting, keeping accounting records, define key statements. We will additionally present the financial reporting requirements specific to Cyprus.
In the second part, we'll outline the various taxes applicable in Cyprus, shedding light on essential tax benefits that startups can leverage, such as the IP regime and NID deduction.
By the conclusion of this session, participants will have established a foundation in essential accounting and tax principles. This newfound knowledge will empower them to make well-informed financial decisions, handle their tax obligations, and establish a robust financial framework for their startup's journey.