Your business needs the right combination of resources and technology to optimise management of VAT, accounting, income tax, payroll, reporting and more. Do you know what tools are best for you and how to source and implement them? On top of that, the requirement to file your statutory accounts six months after year-end creates a long wait for your performance results. By then, it can be too late to identify and address issues.
You need regular financial updates to be reactive and in control. To complicate matters further, the reports you’re getting are static (paper / pdf), making it difficult to manipulate the data to interpret the story behind the numbers.
PwC’s MyFinancePartner service is your small and medium-sized enterprise (SME)’s one-stop shop for all your financial needs. Your dedicated PwC advisor will guide you through much more than basic compliance: with access to our multidisciplinary PwC Network, we’ll provide assistance with a broad range of financial matters including automation, processes and sourcing and implementing the tools that are right for you. We help you harness the latest technology to provide regular financial updates in digital format, so you can pinpoint and react swiftly to issues that may arise.
Unlike the narrow scope of services you’d get with a classic accounting firm, MyFinancePartner is a complete, end-to-end solution for every aspect of your unique financial needs. We’ll continuously re-evaluate and adapt your tools and processes as your business grows and evolves. By operating efficiently and effectively, you’ll reduce costs and free up capital. We view your finance function as it relates to the rest of the company - because finance is closely tied to every aspect of your business.
The truth is, you may not enjoy bookkeeping. It’s not what you got into business to do. The good news is, we did.
Built around your specific needs, we offer:
All the basics done right
We can handle all your supplier invoices, employee expenses and invoice-due reports. Then process them accurately and efficiently, every month, every year.
We’ll take care of all your sales invoices as well as creating payroll journals and bank payment files. That means your bills are paid on time, and you’ll know whose aren’t.
Support you can count on
Our team include industry-leading, highly-qualified and experienced bookkeepers. They’re just as happy to work with your current bookkeeper, or do it all for you.
Know your cash flow
Efficiently completed books give you a clear overview on what’s coming in and what’s going out. Real-time information means you’ll make better informed decisions.
Peace of mind
Years of industry experience ensures that we know all VAT rules inside out, meaning you don’t have to. We also set and agree SLAs monthly, so you’ll always know where you stand.
If you haven’t already made the move to cloud, we can help you make it, using our own or another software package. We will source the market to find the solution that’s right for you.
Real-time and available on the go, cloud accounting software updates your system instantaneously so there’s no need to return to the office to check on your banking or accounting.
We take a deep dive into your numbers, combining your financial and operational data, to unlock the secrets of what’s going on within your business. Uncover where opportunities may be hiding as well as what’s holding you back. Think of it as a real-time health check for your business.
What you need to know
Where are you making and losing most money? Which are your most important customers or suppliers? Are you optimising staffing? How quickly are you burning through cash? We detail it all.
Built around your needs
Our Financepartners take the time to get to know your business and what’s important to you. Then we build you a unique tailored digital dashboard that tells you all you need to know.
Designed to fit
We understand that you don’t like your business operation disrupted so we work within your parameters, using whatever information and data you have to provide a complete picture. This isn’t about forcing you to change the way you do things, but about making sure everything fits your business like a glove.
Letting you focus
Compiling management information isn’t a good use of your time. We take care of that so you can do the job of assessing and acting upon it.
Keeping it simple
Making sense of the numbers isn’t easy. We report them to you in a way that’s quick to understand and highly visual for you, your board, bank or investors to interrogate.
Your FinancePartner, supported by our team of qualified accountants, is experienced in working with businesses of all sizes, in all sectors, to help manage their period end more efficiently. Their combined vigilance ensures that money going in and out of your business corresponds to what’s actually happening in your bank account. They'll also keep tabs on customer payments owing as well as supplier payments due, making sure nothing gets overlooked.
Keeping the record straight
Overseen by your FinancePartner, our team of qualified accountants will record fixed asset additions and disposals, and calculate any depreciation to be charged. They’ll also prepare and review VAT returns, keep an eye on your tax position and project what you’ll owe to the Belgian tax authorities at the end of the year. Put it all together and you’ve got a first-class service that leaves you confident that you’re always making decisions based on the facts.
We do corporate tax returns, personal tax, monthly VAT returns and help you work out what tax relief you’re entitled to. But we don’t just file tax returns. We take away the pain of increasingly complex tax codes and planning to give you peace of mind.
Taking the strain
Submitting your annual corporation tax return isn’t something you relish. We’ll work out how much you owe, prepare and file your returns and keep everything compliant.
No one knows your business like you; no one knows tax like us. From our 195,000 staff, together we’ll find the right people to keep you tax efficient.
Are you ready for your next move? With specialist tax knowledge in hundreds of national and local jurisdictions across the globe, we certainly are.
When it comes to tax, risk is not a good thing. Our specialists will guide you and bring best practices to all your tax issues. Less risk means better control.
Handling the difficulties
We know tax can be tricky. We can resolve disagreements with tax authorities when they arise so it doesn’t have to be tricky for you.
Have a strategy
Your plans and processes are unique to your business. We advise you on tax strategies that complement your specific business and operational objectives and help you to take advantage of relevant tax breaks.
Preparing and filing statutory accounts takes up time and resources. Let it take up our time and resources so you can get back to what’s important. We’ll make sure you stay ahead by:
Understanding your needs
Your dedicated FinancePartner will get to know what’s important to you and your business, how you work and the tools you use. Then we'll implement a process that works for you.
Meeting your deadlines
We’ll prepare and file your statutory accounts for your approval, quickly, efficiently and in line with the latest Belgian requirements. By removing delays, we remove pressure.
Providing expertise and experience
PwC accountants have worked with businesses of all sizes, in every industry. They’ve even run a few. That’s knowledge and insight you won’t find in a classic accounting firm.
Removing the burden
We know your focus isn’t accounting. So, we’ll replace the tasks that hold you back with a process that helps drive you forward.
With access to accurate, real-time information on the go, you’ll be in a position to make quicker and better decisions about your business.
With a dedicated advisor who knows you and your business, there will always be someone to call and another pair of eyes to help with those important decisions.
We’ll help you take your business where you want it quicker, with support and expert advice whenever you need it.
Spend more time growing your business and less time on administration. Use the latest technology to automate tasks and get the information you need when you need it.
Achieve your goals
Whether you want to take on more projects, grow faster or plan a merger or succession strategy, we’ll help you achieve your business and personal goals.
All your reporting and compliance requirements taken care of efficiently by a dedicated team who knows you and your business.
Partner, PwC Belgium