Services provided

Bucur Grigorescu Ilie offers integrated accounting, audit, tax advisory, legal and human resources services. We can help you maintain the confidence of your investors, to manage the risk in your advantage and to conduct your work in a dynamic and competitive environment

Accountancy

The experience in working with our customers has led us to the construction of combined service packages, so that we can better meet their actual needs:

Complete bookkeeping, keeping tax and wage records and preparing the balance sheet and tax returns

  • the entire accounting and tax business is handled by our team.

Preparing the monthly balance sheets, annual financial statements, the balance sheet and the tax returns

  • the client manages the primary accounting and the primary data entry in the accounting records, while our team performs the periodic accounting closures, prepares the monthly balance sheets and the tax returns, prepares the annual balance sheet.

Periodic verification of accounting, mandatory accounting reports, tax records and tax returns

  • the client manages all the accounting and the tax records work, and our team provides regular checks of the accounting and the tax records, consultancy and training to the customer's accounting department and assistance during tax audits.

Tax advisory

Our services include:

Tax optimization

  • Tax optimization solutions we provide are customized and tailored to the specific situation faced by each client, in some cases leading to substantial reductions in the fiscal costs.

Transfer prices

  • Review of intra-group transactions in which the company is involved in identifying key risk areas related to the transfer pricing
  • Review of the group existing documentation and compiling the transfer pricing file in accordance with the local legislation
  • Achievement of comparability studies for all types of related party transactions
  • Developing and implementing transfer pricing policies
  • Assistance in planning and / or restructuring current intra-group transactions

Audit

  • Our role is to increase the user confidence in accounting information, making sure that the financial statements present fairly the statement of assets and the results of our clients.
  • We approach each company audit following a full and comprehensive understanding of the underlying business, of the industry it operates and the latest regulatory standards, as well. We take into account the risks faced by each company, how the management controls those risks and the degree of transparency of the reporting system of the company to the shareholders and the other business partners.

Financial audit in Romanian and international system

  • Our audit work is conducted in accordance with the auditing standards adopted by the Chamber of Financial Auditors of Romania and / or the International Standards on Auditing (IFRS, US GAAP).

Translation of Financial Statements

  • Most of our international clients find it useful to translate the financial statements from the Romanian system into a familiar format in accordance with the accounting principles applied in the country of origin. Through this service, we provide our customers additional information and clarification on the content of their financial statements.

Due diligence

  • We offer investigations services for mergers and acquisitions and other specific subjects financial investigations.
  • We provide assistance in preparing the development or reorganization business plans

Internal Audit

  • As an internal auditor we support the client management in identifying and evaluating significant risks and in maintaining an adequate control system.
  • Through the findings and the recommendations we make, we build an effective line of defense against fraud, but we are interested in the other aspects of the business: effectiveness and efficiency of the operations, financial reporting, compliance with the legal requirements.
  • We aim at providing the following services:

    • development of specific methodological rules (Internal Audit Charter, Internal Audit Manual)
    • development of the internal annual audit plan draft
    • preparing the audit files and the working papers
    • preparing the professional guidelines
    • performing the internal audit work
    • periodic report of findings, conclusions and recommendations resulting from the audit activity
    • preparing the annual report of the internal audit activity

Human resources

Given the major changes in the labor legislation, it is very important for any company to be informed on the applicable legislation, thus avoiding frequent errors that are made in the application of the legal provisions that can lead to unpleasant consequences such as: fines, financial loss, labor disputes, long -term proceedings. Our team provides support with the following human resources services:

Personnel management services

  • Preparation and registration of individual employment agreements and any other addenda / decisions for modification / termination of employment contracts
  • REVISAL organization and transmission
  • Preparing the certificates required by the company employees
  • Preparing any staff related reports required by the client
  • Legislative support for any problem arisen in the labor relations
  • Assistance during checks carried out by the competent authorities of the Ministry of Labor.

Payroll services

  • Creating and permanent updating of the database by recording individual employment contracts, marital status and wage changes, decisions to stop the activity, sanctions, and others
  • Full salary calculation based on monthly time sheets (leave rests, sick leave, bonuses, deductions), payroll and pay slips preparation
  • Preparation and submission of monthly and annual statements on wages
  • Preparation of applications for refund of the amounts granted as sick leave paid by the Health Insurance budget
  • Preparation of payroll reports at the client request
  • Legislative support on any regarding payroll calculation

Consulting services in human resources

  • Assistance in the negotiation, conclusion and termination of individual employment contracts
  • Assistance in the preparation of reports and decisions on applying sanctions for disciplinary actions
  • Consultancy on the regular professional evaluation of the staff
  • Assistance in negotiating and drafting the Collective Bargaining Agreement in the company and the Internal Regulations

Legal

Services provided:

  • Civil and criminal litigation
  • Trade Registry representation and file preparing
  • Immigration Office representation
  • Analyzing, drafting and proofing contracts
  • Business solutions
  • Representation and assistance for fiscal inspections together with our accounting department
  • Representation and assistance in the prosecution stage for economical crimes (tax evasion, money laundry, etc.)

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