Our accountants in Luxembourg can provide a wide range of services tailored to your needs, especially focused on financial accounting, fiscal and human resources. Labor contracts, the addenda to individual labor contracts as well as the General Register of the employees can be handled by our human resources experts. Moreover, our accountants can draw the salary certificates, offer advice on payments and also prepare the notes for staff liquidation of the beneficiary. We also have a well-prepared team who can manage the formalities for company formation in Luxembourg.

Quick Facts
Who requires accounting services in Luxembourg	Local and foreign enterprises engaged in business activities in Luxembourg
Applicable accounting legislation in Luxembourg	- IFRS (International Financial Reporting Standards), - IAS (International Accounting Standards)
Types of accounting services we offer	- bookkeeping, - payroll, - tax registration and compliance, - preparation of annual financial statements, - audits, - collaboration with tax authorities, - tax minimization options
Tax advice and compliance	- tax payment and refund, - declaration of income, - tax planning for corporations, - tax return filing, etc.
We offer support for tax registration	- VAT registration for companies in Luxembourg, - enrollment for social contributions and income tax
Financial planning for company owners in Luxembourg	We offer expertise for tax and investment strategies to achieve the desired financial goals, exploring funding options.
Risk assessment and evaluation	Our accountants in Luxembourg can identify risk factors in the firm based on specific financial evaluations
Types of audit services	- external and internal audits, - operational audits, - compliance audits, etc.
Tax minimization methods available	- specific retirement plans, - donations, - credit payment plans
Personalized financial consultancy services	- wealth management, - strategies for better investments, - dedicated financial services to business owners in Luxembourg
Investment consultancy for high-net-worth individuals	With the help of our expert accountants, clients can benefit from personalized financial advice and investment strategies.
Financial and analysis reports for companies	Tax reports can reveal the financial situation of a firm. Our accountant in Luxembourg can propose targeted solutions for the concerned departments.
Human resources services available	- recruiting personnel, - drafting employment contracts, - medical and maternity leave, - complete staff administration for companies
Expertise provided by certified accountants (YES/NO)	Yes
Fiscal year in Luxembourg	The calendar year (1st of January - 31st of December)
Types of HR services	- staff recruitment, - human resources administration, - preparation and registration of employment contracts
Services provided by a CPA in Luxembourg	- debt monitoring, - tax return preparation, payroll, - bookkeeping, and more
Is debt monitoring a part of an accounting package?	Yes, an experienced accountant in Luxembourg can provide useful insights into debt management approaches in the firm.
Follow-up and analysis	Our accountants in Luxembourg can issue different financial reports after audits and present the results to the managers of the company.
Sustainability	We can make reports with income and expenses, followed by varied recommendations linked to sustainable activities that can be easily implemented in the company.
What is source usage?	Verifying internal business resources and proposing solutions to grow efficiency from a financial point of view
Bank payments	We can handle daily bank payments.
Inventory management	Using specific platforms and data to track products and assets in a firm. The issued reports can sustain an audit.
Accounting services for startups in Luxembourg	We offer accounting services for investors registering startups in Luxembourg.
Accounting services for sole proprietorships in Luxembourg (YES/NO)	YES
Preparing monthly and quarterly VAT declarations (YES/NO)	YES
Year-end closing approvals and books	Our accountants in Luxembourg can conclude and sign the accounting books and documents at the end of the tax year.
Tax year in Luxembourg	1st of January - 31st of December
Benefits of outsourced accounting services	Dedicated solutions and personalized services from a dedicated accounting firm in Luxembourg
Why work with our accountants in Luxembourg?	- professionalism, - tailored accounting packages, - experience, - affordable costs

Accounting services provided by our specialists

• financial and management accounting,
• tax consultancy,
• payroll in Luxembourg,
• personnel administration,
• consultancy and management accounting.

Below is an infographic with information about the accounting services we provide in Luxembourg:

Accounting services we offer in Luxembourg

Accounting services for foreign investors

Our accountants in Luxembourg will offer accounting, human resources and payroll services, as well as financial and tax consulting. The services offered by our accountants include:

chronological record of primary documents,
preparation of journal register,
preparation of inventory register,
tax register,
VAT journals,
preparing the monthly trial balance,
preparing and depositing the annual financial statements.

In addition, our accountants can establish the monthly and quarterly payment obligations, prepare documents for payment and fill the taxes. If you need accounting services in Croatia or other countries, we can put you in touch with our local partners.

On the other hand, you can watch the following video presentation about the accounting services we offer in Luxembourg:

Audit services in Luxembourg

Among the services provided by our accounting firms in Luxembourg are restatements of annual accounts in accordance with the International Financial Reporting Standards (IFRS) applicable in Luxembourg. In order to fulfill these standards and obtain reasonable assurance about whether the financial statements of your company are free of material misstatement, our accountants plan and perform the audit in Luxembourg. The audit services we provide in Luxembourg contain examining, on a test basis, of evidence supporting the disclosures in the financial statements.

Tax consultancy in Luxembourg

If you need tax consultancy, as well as full assistance in organizing the financial department, arranging the flow of documents, financial and accounting policies, then you can rest assured that our accountants in Luxembourg will provide the best services. Moreover, we can also prepare the cash flow, the revenue and expenses, as well as the required documentation for obtaining loans.

Payroll in Luxembourg - We can take care of the procedures

Our accountants in Luxembourg offer payroll services and they will make sure that the preparation of payrolls as well as establishing liabilities in relation to wages are made accordingly. The preparation of salary statements, as well as tax files, will be made by our accountants according to regulations.

It is important to note that payroll in Luxembourg is crucial in a company registered in this country. Calculating the payroll taxes, distributing the electronic payroll records, delivering the salaries to employees in a firm are among the main duties part of payroll services offered by our team of accountants in Luxembourg. Externalizing the payroll services in Luxembourg is quite recommended because a team of experts can properly take care of such tasks in a professional manner. The size of the company, the number of employees will stand at the base of calculating the costs for payroll services provided by our team of accountants in Luxembourg.

If you decide on opening a company in Luxembourg you can solicit the support of our specialists. Also, instead of creating a whole accounting department, subject to specific costs, you should ask for externalized services and see the main benefits. Feel free to address your inquiries to our team and find out all the details.

Bookkeeping in Luxembourg

Bookkeeping is another important task part of the general accounting rules and regulations and implicates a wide range of aspects. Supervising the payable and receivable accounts in a company, cash management, issuance of invoices, management of banking operations, petty cash books, journals and ledgers, a series of income statements represent a few of the duties part of bookkeeping. Our accounting firm in Luxembourg can handle the entire bookkeeping of a company, so you can solicit additional information if you would like to know more about this important aspect.

If you decide on business in Luxembourg, you should know that we help foreigners in setting up a company in Luxembourg by managing the procedures and paperwork.

Personnel accounting in Luxembourg

Another important aspect that enters the attention of our accounting specialists in Luxembourg refers to the staff of a company. A series of human resources tasks can be handled by our experts and refer to work contracts, payrolls, monitoring the working or leave days of employees in the firm. Personnel accounting involves other duties too, but for a clear picture in this direction, we invite you to discuss with our accountants in Luxembourg.

The content of accounting reports in Luxembourg

The accounting reports in Luxembourg are created in respect of the International Accounting Standards Board, the Accounting Regulatory Committee under the European Commission, and the Luxembourg Accounting Norms Commission. In large lines, an accounting report must respect the principles of continuity, clarity, fidelity, and regularity. The profit and loss account, the balance sheet, and the appendix are part of an accounting report of a company in Luxembourg.

We mention that December 31st is the closing date of an accounting year, and extremely crucial for a firm with economic activities in Luxembourg. More details about the accounting report and about the attributes of this important document can be solicited from our specialists. Our accounting firm in Luxembourg provides a wide range of services to companies established in the Grand Duchy.

Dedicated VAT advisors

Tax legislation may change at any given time. Starting from this idea, it is important to have the services offered by VAT tax advisors. Any change made to the legislation must also be implemented in the company you own. Also, our specialists can review directives imposed by the EU, to then explain to you what you have to do or implement in the company. Our accounting firm in Luxembourg will be at your disposal with various services for the company you own. You can talk to our tax advisors at any time to better understand the system imposed in Luxembourg.

Reorganization in the company - Our accountants in Luxembourg can help

There are many tasks that come to the attention of an accountant in Luxembourg. Among them, you can benefit from special advice if your company goes through a reorganization. As our accountants in Luxembourg know the direction of the company, from a financial point of view, they can prepare specific reports and offer the necessary support in the desired reorganization.

This is also valid for situations such as tax restructuring, transaction planning, or mergers and acquisitions. There are well-structured strategies that can come to the attention of those interested in reorganization in the company. You can always ask for the help of our chartered accountant in Luxembourg for additional details and complete services.

Our accountants in Luxembourg can assist you with a wide range of tax matters

You can trust our accountants in Luxembourg for the following:

• VAT returns,
• income tax returns,
• tax assessments,
• tax audits,
• support with the local tax authorities,
• inheritance tax issues,
• tax litigation, etc

You can also collaborate with our chartered accountant in Luxembourg for managing the company budget, tax planning, business risk analysis, and many more.

Responsibilities and tasks of a chartered accountant in Luxembourg

When you call on the outsourced services of an accounting firm in Luxembourg, you should know that you can also opt for a chartered accountant in Luxembourg. This specialist is also known as a certified public accountant, with various qualifications, who can work in various areas of accounting. Here is what the work of such a specialist entails:

• can execute varied accounting systems,
• can organize financial reports each month,
• can submit corporate tax returns,
• can be in charge of an entire accounting team,
• where appropriate, he/she can implement certain processes and accounting systems,
• ongoing accounting and reporting support can be provided,
• the full financial process in the firm can be managed by a chartered accountant in Luxembourg,
• can oversee banking transactions.
• the company expense budget can be prepared by such an accounting specialist.

Choosing our accounting specialists in Luxembourg

A company in Luxembourg must respect a series of accounting and financial rules that only an expert in the field can explain. Company owners should consider the services of an accounting firm in Luxembourg and solicit complete information about the general rules that apply to businesses in this country. The financial aspects in a firm are extremely important and must be registered in accordance with the applicable local and international laws.

Our team of accountants in Luxembourg has broad experience in this field and can guide company owners throughout a smooth process that implicates all the financial aspects of a firm. We successfully collaborate with many companies in matters of accounting and clients can rely on proficiency, professionalism, transparency, and confidence right from the start. In matters of economy, the following facts and figures highlight the business direction of Luxembourg:

According to the forecast issued by the EU Commission, the economic growth of Luxembourg is expected to be around 2.4% in 2024.
In 2022 unemployment fell to 4.6%, however, it is expected to increase moderately by the end of 2023.
On the other hand, the employment rate of older workers aged between 55 and 64 stood at around 46.6% in 2022, one of the lowest among European Union countries.
The latest data show that Luxembourg has one of the highest levels of GDP rate per hour worked among the EU countries.

A good accounting firm in Luxembourg can take care of all the financial aspects and more. All you need to know about the accounting services we can provide can be discussed with our specialists in the field.

Contact us if you are interested in legal or accounting services in Luxembourg and other European countries, such as Italy and Turkey. If you want to open a SLP in Luxembourg, our company formation specialists can help you. They can tell you more about the process of company incorporation in Luxembourg.

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Meet us in Luxembourg

Contact our specialists in company formation in Luxembourg, who have a large experience in finance and international business.

Set up an appointment with us at +352 671 533 922. Alternatively you can incorporate your company without traveling to Luxembourg.

+352 671 533 922

clients(at)lawyers-luxembourg.com

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Accounting Services in Luxembourg