People often ask us…
Frequently Asked Questions
FAQ
Frequently Asked Questions
What are the options for working with Accounting Dynamics?
Working with Accounting Dynamics can be done in a variety of ways, depending on your needs and preferences. Typically, our partnerships include written agreements to ensure clarity and transparency. However, and especially for individuals, an agreement can also be ratified by email.
ℹ️ A verbal agreement can be used for initial discussions and negotiations, where it is useful to set out the basic terms and expectations of cooperation.
ℹ️ The written agreement is necessary for the formal ratification of the cooperation. It includes detailed terms, conditions, timelines and other important information to ensure that both parties are in compliance with their obligations.
What are the fees of your accounting – tax office?
The fees of an accounting – tax office may vary depending on the client, the legal form of the company and the type of accounting books, the scope of activity, the gross income, the volume of documents and the frequency of contact with the office. At Accounting Dynamics we will find the most suitable service package for you in consultation with you.
I am interested in working with you, how do we proceed?
We are thrilled to have you interested in working with Accounting Dynamics! Here are the next steps to get you started.
📌 Direct Contact: We can arrange a meeting or conference call to discuss your needs and goals. This will help us better understand how we can support you and provide you with the best possible service.
📌 Collaboration Proposal: After the initial discussion, we will send you a partnership proposal that includes the services we can provide, the timeline, and the cost.
📌 Written Agreement: Once we agree on the terms, we will sign a written agreement that will outline all the details of our collaboration.
📌 Start of Collaboration: Upon signing the agreement, we will start the implementation of the project according to the agreed plan.
When would be the best time for us to arrange our initial contact?
I still have questions about Accounting Dynamics, where can I go?
We’re here for you! Please don’t hesitate to contact us directly if you have any further questions about the operation and work of Accounting Dynamics. There are many ways to reach us. In addition to the relevant form, you can give us a call, send us an email, or find us on social media. We’re happy to help!
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Professionals
People often ask us…
What do I need to start my own business?
Starting your own business is an exciting but challenging venture. At Accounting Dynamics we guide you safely and responsibly through this new beginning.
Here are some basic steps to follow.
📌 Market Research: Understand the market and your competitors to identify customer needs and find your competitive advantage.
📌 Business Plan: Create a business model canvas that includes your goals and strategy (products and business lines, customer channels) and your business financial plan (revenue and expense structure).
📌 Funding: Secure the funding you need, whether it’s personal savings, loans or investors.
📌 Legal: Register your business, secure the necessary licenses and draft your company’s articles of incorporation.
📌 Location Selection: Depending on the nature of your business, choosing the right location for your business is one of the most important steps.
📌 Promotion: Develop a marketing strategy to attract customers through advertising, social media, or other promotions (local marketing).
📌 Financial Management: Last but very important, organize your finances, including accounting and tax obligations.
🎯 Choosing the right partner is key to the success of any project.
How can I efficiently manage the income and expenses of my company?
Efficiently managing your business’s income and expenses is critical to its sustainability and growth. Here are some tips from the experienced partners at Accounting Dynamics that can help you.
📌 Recording and Tracking: Use accounting software to track income and expenses in real time. Separate your personal expenses from your business expenses to get a clear picture of your business finances.
📌 Budget: Create an annual budget that includes all fixed and operating expenses. Revise the budget periodically to adapt to changes in the market and business needs.
📌 Cost Reduction: Consider ways to reduce costs, such as negotiating with suppliers and conserving energy. Use technology that can reduce operational costs.
📌 Document Storage and Retention: Keep all receipts in case of a tax audit.
📌 Expert Advice: Work with an experienced accountant to help you manage your taxes and advise you on financial decisions.
🎯 These practices can help you manage your business finances efficiently and ensure its long-term success.
What are my tax obligations?
Your tax obligations depend on many factors, including the type of income you have, whether you own property, and whether you are self-employed or employed.
Here are some basic obligations you may have, but it’s a good idea to consult with the professionals at Accounting Dynamics to get a more complete picture.
📌 Submission of Tax Returns: All individuals who are tax resident in Greece and have reached the age of 18 are required to submit a tax return.
📌 Paying Income Tax: Depending on your income, you must pay the appropriate income tax (income from salaries, pensions, rent, etc.).
📌 ENFIA: If you own real estate, you must submit and pay the Unified Property Tax (ENFIA) every year.
📌 VAT: If you are a freelancer or own a business, you must file a VAT return and pay the corresponding tax.
📌 Property Rentals: if you rent a property, you must submit the lease and declare the rental income electronically.
🎯 If you have specific questions or need help with something more specific, you can contact us for more information.
How to issue my staff payroll?
Proper payroll management is critical to the smooth running of the business and employee satisfaction. It is important to have a reliable system in place and to comply with all legal requirements.
At Accounting Dynamics we help you with the issuance and management of your staff’s payroll. Indicatively follow the steps below.
📌 Data Collection: Collect all the necessary data for each employee, such as working hours, overtime, holidays, and deductions.
📌 Use Payroll Software: Use a payroll software to enter data.
📌 Payroll Calculation: The software will automatically calculates salaries, deductions and contributions.
📌 Payroll Issue: Issue payrolls and pay stubs for each employee. You can print them or send them electronically.
📌 Submission of Declarations: Submit the necessary declarations to the competent authorities, such as the E4 Personnel Table.
📌 Payment of Salaries: Transfer salaries to employees’ bank accounts.
🎯 If you don’t have the experience or time to manage payroll on your own, you might consider working with a professional accountant or a payroll services company like Accounting Dynamics. This will save you time and ensure that everything is done correctly and in accordance with the law.
Individuals
People often ask us…
How do I make my tax declaration?
Filing a tax return is critical to the proper fulfillment of our tax obligations. For this reason, it is recommended that it be prepared by a qualified accountant.
At Accounting Dynamics, we take care of the filing of tax and other returns. However, if you have the necessary expertise and wish to complete the process without a professional, we suggest you follow the steps below.
📌 Preparation: Gather all the necessary documents, such as receipts of income and expenses. Make sure you have your personal Taxisnet passwords.
📌 Login to the Platform: Login to the AADE website via myAADE.
📌 Fill in the Declaration: Select the application for the Personal Income Tax Declaration (E1) application. Fill in the required fields with your details and income. If you have rental or business income, you should also complete forms E2 and E3.
📌 Submission: Carefully check all the information you have entered and submit the declaration online through the platform.
📌 Clearance: After submission, you will receive the clearance notice, which you can print or save for your records.
What do I have to pay to the tax authorities?
As an individual in Greece, there are various tax obligations that you need to cover. At Accounting Dynamics, we navigate you safely through the chaotic world of taxes and simplify the procedures.
📌 Income Tax: If you are at least 18 years old and earn real or imputed income, you must file an income tax return each year through the myAADE digital portal.
📌 ENFIA: If you own real estate, you will have to pay the Unified Property Tax (ENFIA) on an annual basis.
📌 Road Tax: If you have a vehicle, you have to pay your road tax by the end of each year.
📌 VAT: If you have a sole proprietorship or are a freelancer, you will need to submit returns and pay Value Added Tax (VAT) depending on your transactions.
🎯 You can pay your obligations at the bank (e-banking, phone banking, ATM, or directly at the bank counter), in installments by credit card or through Taxisnet.
How do I transfer a property or a vehicle?
To transfer a property or a vehicle in Greece, there are specific procedures to follow.
Let’s take a look at the basic information for each case with the help of Accounting Dynamics’ specialized partners:
Transfer of a Property
📌 Notary / Lawyer: The notary and lawyer are essential who can guide and secure the process of the sale and purchase.
📌Documents: The seller needs to collect the necessary documents such as tax and insurance clearance, certificate of no outstanding VAT, certificate of no outstanding ENFIA, and energy efficiency certificate, etc.
📌 Contract Signing: After collecting the documents, the notary prepares the notarial deed and invites the parties to sign the contract in physical presence.
📌 Registration in the Land Registry: After signing, the notary submits the copy of the contract to the land registry.
Transfer of a Vehicle
📌 Digital Process: The process can be done completely digitally through gov.gr.
📌 Requirements: The vehicle must be active, there must be no outstanding road tax arrears, and there must be a valid Technical Inspection Report from a Vehicle Technical Inspection Center (KTEO).
📌 The seller selects the vehicle and registers the VAT number of the buyer. The buyer accepts the transaction through the application. Upon completion of the application, both receive a confirmation of the application. The buyer receives the new registration certificate from the Transportation Department.
What are my legal rights and responsibilities to my employer?
The rights and obligations of an employee in dependent employment are set out in detail in collective and company agreements, ministerial decisions and the Civil Code.
With the help of Accounting Dynamics, let’s take a look at some of your basic legal rights and responsibilities as an employee in Greece.
Legal Rights
📌 Salary: You are entitled to receive your salary in accordance with the employment contract and collective agreements.
📌 Holidays: You are entitled to holidays, either with or without pay, according to the agreement you have made with your employer, as defined by law.
📌 Health and Safety: Your employer must ensure safe and healthy working conditions.
📌 Information: You must be informed of the terms of your employment contract and any changes to it.
Responsibilities
📌 Attendance: Υou should be present/present at work according to the agreed working hours.
📌 Decent Behavior: You have to behave respectfully towards all colleagues and customers.
📌 Compliance: You must comply with the health and safety rules that are given to you.
📌 Reporting Problems: You should report to your employer or safety officer any dangerous situation or deficiency in the protection systems.
🎯 If you have specific questions or concerns, you may contact your company’s human resources department or a legal counsel for more specific information.