Blog
Notes for the people who close the books.
Short, practical write-ups when a rule, a threshold, or a filing deadline changes, and what it means for a working practice.
25 notes6 subjects16 of them sit under two of these, because they are two things
Latest postHow to reconcile a supplier statementSame date, same supplier, every invoice, credit note and payment matched, and the five differences that turn up in almost every reconciliation.What is accounting automation? A plain guide for Cyprus accountantsThe seven steps between a client's pile and a filed return that software can take over, why Cyprus piles are harder, and what good automation never does.Invoice automation vs OCR: what the difference means at quarter endOCR reads the characters; invoice automation decides what they mean for the books. Where quarter-end VAT errors really happen, and how to test a tool.Automating a Cyprus VAT quarter, step by stepThe eight steps of a Cyprus VAT quarter in order: which software can take over, which stay with the accountant, and filing early on TFA.How accounting practices stop typing receipts: automating data entryWhere the keying time goes, what replaces it, the review that stays with a person, and how to move a practice across one client at a time.A bank reconciliation checklist for accountantsFour stages, in order: a complete statement, matching by certainty, two remainders with reasons, and balances agreed and signed off.A Cyprus ledger, or Xero plus an automation layer?A Cyprus-built ledger and an automation layer do different jobs. When each fits, what the local ledgers do well, and five questions that decide it.Setting up Cyprus VAT rates in XeroThe five Cyprus bands a Xero file needs, zero-rated kept apart from exempt, reverse charge in both boxes, and where per-line VAT fits in.Cyprus VAT in QuickBooks Online: what to set up and what to checkThe Cyprus VAT settings to check in QuickBooks Online, the errors that start on the paper, and what Pileform posts as Bills and Journal Entries.Dext is in Cyprus. What changes for a practice, and what does notThe February 2025 partnership, who it serves, and the parts of a Cyprus quarter-end a daily-capture tool was never built for.Per-line VAT: why per-document VAT breaks on a mixed-rate Cyprus receiptOne supermarket receipt, three rates, one gross total: what per-document VAT gets wrong and what deciding per line involves.Reconciling a bank statement against the documents that explain itRows are the start, not the result: matching payments to documents, tiered classification, and the two remainders every reconciliation has.Cyprus Non-Domiciled (Non-Dom) Status in 2026: The 17-Year Rule, What It Still Exempts, and How to ApplyCyprus non-dom status in 2026 explained: the 17-year rule, SDC exemption, the new €250,000 extension, TD38 filing, and whether non-dom is still worth it after the tax reform.Cyprus IP Box in 2026: What the New 15% Corporate Tax Rate Really Means for Your Effective RateCyprus IP Box 2026: how the 15% corporate tax rate moved the effective rate from 2.5% to a 3% ceiling, how the nexus fraction works, what still qualifies.Cyprus 60-Day Tax Residency Rule in 2026: What Actually ChangedCyprus dropped a condition from its 60-day tax residency rule on 1 January 2026. See the four rules that remain and what it means for non-dom expats.Cyprus Holding Companies After the 2026 Tax Reform: Dividend Taxation ExplainedHow Cyprus holding company dividend tax works after the 2026 reform: 15% CIT, 0% outgoing WHT, new 5% low-tax-jurisdiction rate, 5% SDC, and DDD abolition.Cyprus Crypto Tax 2026: The New 8% Flat Tax Under Article 20E, ExplainedCyprus crypto tax in 2026: how the new 8% flat tax under Article 20E works, what counts as a disposal, mining/staking rules, losses, DAC8, and non-dom status.True Cost of Employing Staff in Cyprus in 2026: Full BreakdownThe real cost of hiring in Cyprus in 2026: the 15.4% employer contribution stack, the insurable earnings ceiling, 13th salary, and a worked €2,000 example.Setting Up a Cyprus Company in 2026: Costs, Timeline, and What the Tax Reform ChangedCyprus company formation in 2026: registration steps, costs and timeline, plus the new 15% corporate tax, 5% SDC, abolished stamp duty and revised audit thresholds.Cyprus Foreign Pension Tax 2026: The 5% Election Explained for Expats and RetireesHow Cyprus taxes foreign pensions in 2026: the 5% flat-rate election, the €5,000 tax-free threshold, non-dom status, GESY, and the treaty exceptions retirees miss.Is Hubdoc being retired? What Xero has actually saidA shutdown date is circulating, but Xero has published no retirement notice. What Xero has actually said, and what a practice should do about capture now.myDATA 2026: a preparation checklist for accountantsGreece's e-invoicing mandate reaches large businesses on 2 March 2026 and everyone else on 1 October 2026. What it actually requires, what stays outside it, and a checklist for getting ready.The true cost of manual invoice entry, per page and per documentA worked model of what keying receipts and invoices by hand actually costs a practice, per page and per document, with the assumptions stated.The audit-or-review question: Cyprus's new €300,000 thresholdThe review-engagement turnover threshold rises to €300,000. What changed, who it actually reaches, and why clean source records matter either way.Cyprus tax reform 2026: what changed for your booksThe corporate tax rate, the SDC cut on dividends, the end of deemed distribution, longer loss relief, and a new tax on crypto gains, mapped against what to update in client files.
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