Blog

27/02/2019
Unclear remains the treatment of Benefits in Kind by the Tax Department By Theodoros Mantis*The provision of Benefits in Kind is a practice currently followed by a significant number of businesses across Cyprus, with the aim of both creating an attractive package that appeals to trained and specialised stuff, and to increase productivity and profitability. Given that many of these companies follow common practices and empirical...
17/01/2019
The effect on citizens’ income and businessesBy Theodoros Mantis*The Social Insurance plan and the imminent implementation of the National Health Insurance System (NHIS) are among the most crucial chapters of the state’s Social Policy. As of 1 January 2019, there will be changes to the contributions by employees, the self-employed and the optionally insured to the Social Insurance Scheme (SIS). More specifically, according to the...
14/12/2018
What happens when a business is either starting to grow too fast, or its customers are paying too slowly? Simply stated, a cash crunch is a highly likely result when companies grow at the expense of their sales becoming more and more dependable on receivables. This is where factoring comes in as an option likely to help turn a business's cash flow in the right direction.Factoring in a nutshell:When the business sends a customer an invoice,...
14/12/2018
It is hard to come up with any more accessible means of financing than obtaining a solid business loan. Whether you are a new or established business, a loan enables any business to get the ball rolling without too many complications.In the first part of this post, we went through some of the common types of business loans such as term loans, small business administration loans, merchant cash advances and startup loans.. Let us now guide you...
14/12/2018
It is hard to come up with any more accessible means of financing than obtaining a solid business loan. Whether you are a new or established business, a loan enables any business to get the ball rolling without too many complications.First things first, the process of applying for and obtaining a business loan can take as little as a few days. Let us guide you through the most common types of business loans in order to make it easier for you to...

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