Offered services

Outsourcing allows you to leave the activities that are not your core business to financial experts. This is a reduction of costs up to 50%, opportunity for the company to focus on core business, bigger and faster efficiency, maximum increase in work power, flexibility, and ability to approach highly qualified employees.

You can completely rely on us for these services:

• Help with establishing the company, creation of Articles of Incorporation, registration, and registering the company with the authorities.
• We create accounting policies and chart of accounts according to specific needs of every client.
• Financial accounting: daybook and general ledger
• Analytical records and other auxiliary records, fixed assets registry and related depreciation calculation, customers and suppliers sub-ledgers, cash transactions, travel orders, and other according to your specific needs
• Records of incoming and outgoing documents as well as their classification
• Creating tax records
• Creating and filling out government and regulators required statements and reports
• Creating reports for investment and project follow up
• Creating reports for management, including profit reports, balance sheets, cash flow, payment per customer, debts to suppliers, etc.
• Recapitulation of claims and liabilities
• Payment via Internet banking
• Availability of data 24/7
• Human resources
• Employee registration
• Contract administration
• Calculation of salaries, contributions, provisions, bonuses and other
• Payment and records
• Creating and controlling travel orders
• All forms of reporting related to financial transactions in relation to human resources
• Salary payment via Internet banking

Through years of experience in audit and accounting profession, we created a new model by which small companies can attain significant cost reductions. Instead of full time head of accounting, we offer the rent-an-accountant service. Why? Because we measured time needed to conduct accounting job and realized that full time heads of accounting have a lot of down time in a month’s work.

 

Based on this, we can offer experienced and effective professional associates with years of experience in audit and accounting that can take managing and organizing of your accounting department, regulation compliance oversight and mandatory reporting with ease and minimal costs.

Focus of our consulting is based on measurable advantages for our clients. The essence of individual consulting is a confidential relationship between the client and the consultant which includes experienced experts from various consulting areas, including sophisticated and qualitative methods, and high proficiency in tax and audit knowledge. This is the only way in which new ideas and maximum reliability can be developed while creating tailored solutions that are of essential importance for decision making.

The scope of consulting services offered is following:

 

• Financial and tax due diligence
• Financial restructuring
• CFO consulting
• Transaction services (M&A)
• Company valuation
• Financial position and solvency evaluation of business partners and future company performance forecasts

Existing services for credit information are automated and therefore unreliable in contrast to manual professional or forensic analysis of financial statements and individual items using various methods and tools (Common-Size, various performance indicators and ratios, Altman Z-Score, Beneish, BEX Index, Du Pont, etc).

Tax regulations are subject to constant changes. In order to have a full oversight, it is important to have a competent partner that can optimize your business in relation to tax issues on continuous basis by offering support in compliance with regulations.

Our experts will develop the best tax solutions for just you. We can offer the following:

• Continuous consulting in all tax issues
• Preparation of tax statements
• Support during tax inspections and audits
• Review of tax calculation
• Consulting for legal form choice
• Tax administration communication
• Tax structuring and planning

We provide assistance with setting up a company (LLC with a share capital of 20.000 HRK, approx 2.700 EUR) and informing entrepreneurs about Croatian business regulations and laws. We assist you with company name check service, registration at Commercial Court, registration at Croatian institute for statistics, opening a bank account, VAT registration at Tax authority, registration at Croatian Pension Insurance Institute etc, to accounting and bookkeeping services or tax and regulations advisory.

Steps in setting up a company:

• Company name check at local Commercial Court
• Preparation of Company formal registration
• Preparation of Memorandum of Company notarization and registration within Commercial Court
• Creation of official seal and registration at Croatian Statistics Institute
• Opening of a business Bank account
• Registration at Croatian TAX Authority for VAT number and Foreign Trade
• Registration within Croatian Pension Insurance Institute (HZMO) and Croatian Health Insurance Institute (HZZO)
• Assistance with employees application forms and registrations
• Other administrative operations in front of Croatian authorities and regulatory agencies

Useful Information:

 

Founding share capital of 20.000 HRK (approx. 2.700 EUR) can be used for regular business activities after setting up process is completed.
Business registration in Croatia involves multiple steps, intermediaries and Institutions.
Founder should appoint a Director of a company (Founder/Owner or third party). Passport is needed for getting Croatian VAT ID (OIB).

After registration of your company is finished, our team of certified experts in the field of Auditing, Accounting, Financial Analysis, and Tax advisory can offer you various services. From business planning, budgeting and financial modeling, TAX advisory to accounting and bookkeeping, payroll calculations for employees, salaries list creation, payment instructions, and other related business services.

We help you create new opportunities as well as upgrades to the existing business model.

 

Business plan in written form describes and analyses business model with detailed projections of business development and performance. Demonstrates financial effects of Start-up or additional expansion of the existing company in detail.

 

Process of creation of business plan has numerous competitive advantages and uses for an entrepreneur. Detailed plan with detailed analyses and projections show profitability of starting or expanding a business according to desired model.

 

Business planning is necessary and relevant because it helps organizations to successfully deal with important events, helps with decision-making, and most importantly helps in avoiding distractions and hesitations of entrepreneurs in business.

 

Business planning advances business concept, management, adverse circumstances and events absorption, and most importantly increases business success chances. Most investors and business angels, as prerequisite, require existing formal business plan or investment study.

 

Creditors, or banks, always require existing business plan or investment study, depending on the amount of financial resources invested in the project. Business plan is recommended for amounts up to HRK 700.000 while an investment study is recommended for higher amounts. Since banks manage “other people’s” money, they have specific risk management policies, and are very conservative when approving loans. They require investment study or business plan to ensure that invested funds will be paid back with required interests.

Premium core d.o.o. create investment studies and business plans pursuant to standards and recommendations of HBOR on content and structure.

Every company, regardless of internal and external oversight or audit’s positive opinions, can be under influence of a fraud, tampered financial statements, bribery, and corruption that can lead to significant financial losses and compromised reputation to the company.

Our team for forensic audit (discretely) offers examination in case of any suspicion or damages, and can help you prove damages as well as analyze your internal oversight in order to reduce risk of fraud in your organization.

We can offer the following:

• Fraud and manipulation investigation, based on suspicion or preventively.
• Special investigation for the purpose of judicial documentation
• Data analysis for legal purposes as well as judicial expertise
• Recommendations for optimization of your organization and risk control for financial frauds
• Implementation of preventive measures and oversight and determining of Red flags
• Business partner financial statement analysis for the purpose of ensuring solvency, credibility, and isolation of various risk indicators in order to avoid uncollectable debts or frauds
• Calculation of damages, arrears, and costs, as well as legal default interest for all kinds of claims and litigations

Our Audit is directed to our client’s needs which are the needs of:

Owner –issuing independent opinions and reports prepared in Croatian and/or English language pursuant to Croatian and/or International standards of financial reporting which increase the credibility of financial informations issued by the company.

Management – supervision and consulting for financial reporting, tax and business issues by professionals who understand your business and industry. In the same way, we share our experiences on the best practices within your branch of industry.

Considering the aforementioned, we issue the following types of reports:

• Audit of the limited liability companies and public companies as stipulated in Auditing Act
• Audit of other legal entities according to their internal rules
• Audit pursuant to the Companies Act
• Audit of consolidated balance sheet of whole groups

Large part of our audit services is in relation to small and medium limited liability companies in foreign investor’s ownership that are not legally mandated to have audits, but are done per request and in the interest of the owner.