Bookkeeping and entries
Day book, sales and purchase cycle, VAT registers, bank reconciliations, management of fixed assets and depreciation.
SRL · SRLS · SNC · SAS
Company accounting services in Turin
Books kept in order, financial statements filed on time, tax returns without last-day rushes. And above all, figures you can look at during the year to make decisions, not only at year end to pay the taxes.
01 · Setting up the company
Incorporation and start-up
The company form is not a formality to get through at the notary's office: it defines liability, taxation, relations between partners and room for growth. It should be chosen beforehand, with the figures and intentions on the table.
- Comparative analysis of SRL (limited company), simplified SRL, SNC and SAS (partnerships) based on risk, partners and prospects
- Definition of share capital, contributions and division of shares
- Support in drafting the articles of association and shareholders' agreements, in coordination with the notary
- ComUnica filing (the single online filing): Registro Imprese (Companies Register), Agenzia delle Entrate (the Italian Revenue Agency), INPS (the national social security institute) and INAIL
- Set-up of PEC (certified email), digital signature, company books and mandatory registers
- Set-up of the chart of accounts and the electronic invoicing system
- Check of licensing requirements, SCIA (start-of-activity notice) and sector-specific obligations
Before incorporating
Three questions that prevent problems later
- Who is liable for the debts? In partnerships the partners are liable with their personal assets; in an SRL, unless personal sureties are given, the risk is limited to the capital.
- How does money come out of the company? Director's pay, dividends and reimbursements carry different tax and contribution costs: it should be decided at the outset.
- What happens if a partner leaves? Pre-emption clauses, approval clauses and share valuation rules cost little today and a great deal later.
02 · The engine
Company accounting: ordinary and simplified
Accounting is not only for calculating taxes: it is the source of every figure you will use to make decisions. If it is well kept, everything else costs less.
Electronic invoicing
Full cycle through SDI (the national e-invoicing exchange system), electronic transmission of daily takings, handling of rejected invoices, compliant document storage.
Periodic reports
Quarterly or half-yearly interim closings with margin, estimated profit and a projection of the year's taxes.
The practice works both on management software the company already uses and on shared cloud platforms, so the business owner sees up-to-date accounts without having to ask.
03 · Closing the financial year
Annual financial statements and filing
From the year-end adjustments to filing with the Registro Imprese: a process with fixed dates, easier to handle if you start in January rather than April.
- Year-end adjustments, accruals, deferrals, provisions and inventory
- Preparation of the balance sheet, income statement and cash flow statement where required
- Notes to the financial statements in ordinary, abridged or micro-company form
- Approval minutes and documents for the shareholders' meeting
- Online filing in XBRL format with the Registro Imprese
- Resolutions on the allocation of profit and the distribution of dividends
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Pre-closing
Check of balances, reconciliations, check of missing documents. This is where surprises are avoided.
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Draft and discussion
Draft financial statements with the estimated tax burden, discussed with the director before any resolution.
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Approval and filing
Shareholders' meeting, minutes, filing within the legal deadlines and archiving of the company records.
04 · Returns and payments
Tax returns, VAT and periodic obligations
A company's tax calendar is crowded. The practice keeps it, reminds you of it and carries it out.
Annual returns
- Redditi SC return for corporations
- Redditi SP return for partnerships, with income allocated to the partners
- IRAP (regional business tax) return and calculation of the taxable base
- Annual VAT return and related filings
- Form 770 and Certificazioni Uniche (annual income certificates), in coordination with the payroll consultant
- Check of the ISA (Indici Sintetici di Affidabilità, the business reliability scores) and assessment of the reward benefits
Recurring obligations
- Monthly or quarterly VAT settlements and LIPE reports
- Calculation of advance and balance payments, preparation of F24 forms (the Italian tax payment form) with offsets
- Withholding tax on fees paid to professionals and collaborators
- Intrastat and obligations on transactions with other countries
- Stamp duty on electronic invoices
- Voluntary corrections, instalment plans and handling of avvisi bonari (tax notices)
Payroll processing is the responsibility of the Consulente del Lavoro (payroll and employment consultant): the practice works with the company's own consultant or suggests one, keeping staff costs, accounts and tax returns aligned.
05 · Company life
Corporate obligations and dealings with public bodies
Books and minutes
Keeping the company books, minutes of shareholders' and board meetings, ordinary resolutions.
Changes
Change of registered office, corporate purpose, directors, offices and powers, updating of the company records.
Registro Imprese
Online filings, deposits, annual Chamber of Commerce fee and regularisations.
Agenzia delle Entrate
Assistance during tax audits, replies to questionnaires, requests, cross-examination and settlements on reduced terms.
06 · Turning points
Extraordinary transactions
A partner joins, the business is sold, a business unit is split off, the company closes. These transactions are rare and very delicate: they need to be prepared in advance and with the right notary at the table.
- Sale and purchase of company shares, with an analysis of the tax effects for seller and buyer
- Conversion from sole proprietorship to company and between company types
- Contribution and sale of a business or of a business unit
- Business lease and management agreements
- Mergers and demergers of smaller companies
- Voluntary liquidation and removal from the Registro Imprese
- Business valuations and determination of the value of shares
The worst moment to call your accountant
It is the day before signing. Extraordinary transactions have tax effects that depend on the how more than the what: the same exit of a partner can cost a lot or a little depending on the route chosen and the timing.
When the transaction is planned a few months ahead, you can choose between alternatives. When it arrives already decided, it can only be carried out.
Let's talk about it early
07 · Beyond compliance
Management control and adequate structures
The Italian Civil Code requires business owners to set up organisational, administrative and accounting structures that are adequate for the size of the business, partly to detect any imbalances in time. It is an obligation, but also a chance to finally have useful figures.
Financial statement analysis
Profitability, liquidity and financial structure ratios, comparison between years and reading of margins by line of business.
Budgets and forecasts
Operating budget and cash plan, monitoring of variances, simulation of the tax impact of decisions.
Adequate structures
Setting up administrative procedures and early-warning indicators in proportion to the size of the business.
Dealing with banks
Documents for credit line and loan applications, up-to-date accounts, a supporting business plan.
Incentives and tax credits
Survey of the incentives that apply to the business, check of the requirements and handling of the documentary obligations.
Business plan
Financial plans for new ventures, public funding calls and loan applications, with assumptions that can be checked.
How we work
A clear annual fee, everything else quoted in advance
Companies need continuity. That is why the relationship is based on an annual engagement covering the recurring obligations, with everything else quoted case by case.
In the annual fee
- Bookkeeping and registers
- VAT settlements and periodic F24 forms
- Financial statements, notes and filing
- The company's annual tax returns
- Ordinary assistance and answers to everyday questions
Quoted separately
- Extraordinary transactions and corporate deeds
- Business plans and loan applications
- Assistance during tax audits and disputes
- Structured management control projects
- Reconstruction of accounts for past years
The first meeting
Bring me the company registry extract (visura), the latest financial statements and an idea of how the current year is going. The result is a written quote with scope, timing and costs.
Book an appointment
Frequently asked
The questions that keep coming up about companies
How far ahead of the filing do you need the documents for the financial statements?
The financial statements are built during the year, with the accounts updated month by month. If the entries are in order, closing the year only needs the final documents: year-end bank statements, inventory, invoices to be received or issued, contracts in progress.
That is why the pre-closing starts in the first months of the year: there is time to recover what is missing, discuss the draft with the director and reach the shareholders' meeting without rushing. The next steps are on the page about filing the financial statements.
What happens if the accounting records arrive late?
VAT settlements and payments do not wait: if invoices and bank statements arrive late, the settlements are made with incomplete data and then have to be corrected, with penalties and interest. Interim reports also lose their value, because they describe a company different from the real one.
If the delay has already happened, it is put right with the ravvedimento operoso, which costs less the sooner you act. If the delay is habitual, it is worth reviewing the flow of documents together: often a shared cloud platform is enough.
How does the switch from another accountant work?
The change is made without interrupting the obligations. The practice asks the previous professional for the company's documents: filed financial statements, tax returns, registers, general journal and an accounting position at the date of the handover. The handover is required by law and normally takes place without problems.
The switch is simpler after a financial year has closed, but it can also be done mid-year, checking what has already been done and what is still outstanding. The details are on the page about switching accountant.
Do you also follow a single-member SRL or a company that has just been set up?
Yes. A single-member SRL has the same obligations as an SRL with several shareholders: ordinary accounting, financial statements, filing with the Registro Imprese, tax returns. What changes is the amount of work, and therefore the fee, sized on the actual activity.
For anyone still deciding, the practice helps choose between an SRL, a simplified SRL and a sole proprietorship before the notarial deed, while the choice still matters. For new companies the first year also covers the chart of accounts and electronic invoicing: see setting up an SRL in Turin.
How is the relationship handled during the year?
The annual fee includes ordinary assistance: questions about invoices, payments, how to treat a transaction. You write or call, and the answer arrives within the practice's usual times; in peak periods any longer wait is announced beforehand.
At agreed intervals you receive the interim reports with margin, estimated profit and a projection of taxes, so decisions are taken on the current year's figures. Deadlines are flagged weeks in advance, together with the list of documents to prepare.
Companies
You need the figures during the year, not only in May
If today you see your accounts once a year, together with the tax bill, there is a lot of room to do things differently. Let's start with a look at your current situation.