Fiscal & Audit

Fiscal & Audit


ALTAX CONSULTING offers comprehensive auditing and assurance services designed to meet the needs of a wide range of clients, including public companies, businesses of all sizes, public institutions, civil society organizations (CSOs), and self-employed professionals.

At ALTAX CONSULTING, we are committed to providing high-quality auditing and assurance services that help businesses, institutions, and individuals navigate the complexities of financial reporting, regulatory compliance, and risk management. Whether you need an audit for regulatory compliance, business valuation, or internal controls review, our experts are here to assist you in achieving your financial goals with confidence and clarity.

Services

ALTAX CONSULTING: Comprehensive Financial Services

At ALTAX CONSULTING, we provide a wide range of professional services designed to help businesses, institutions, and individuals achieve financial clarity, manage risks, and optimize their operations. Our services cater to various sectors, offering deep expertise in specialized areas of taxation, accounting, valuations, and audits.

Our Services Include:

  1. Tax and Accounting:

    We offer comprehensive tax and accounting services to ensure compliance with local and international regulations, optimize tax liabilities, and maintain accurate financial records. Our expertise includes corporate taxes, personal taxes, VAT, and more, all tailored to your specific business needs.

  2. Estate and Gift Tax:

    Our team provides professional guidance on estate and gift tax planning. We help individuals and families plan for the transfer of wealth, minimize estate tax liabilities, and ensure that assets are passed on efficiently and according to your wishes.

  3. Fair Value Reporting:

    We specialize in fair value reporting to provide accurate and objective valuations of assets, liabilities, and financial instruments. Our fair value assessments are in compliance with international financial reporting standards (IFRS), helping businesses maintain transparency and meet regulatory requirements.

  4. M&A Valuations:

    In mergers and acquisitions (M&A), we offer expert valuation services to determine the worth of businesses or assets being acquired or merged. Our M&A valuations are essential for negotiation, due diligence, and ensuring that the transaction is financially sound.

  5. Valuation Disputes:

    We provide expert support in valuation disputes, offering independent and objective valuations in cases of litigation, disagreements, or conflicts over the value of businesses or assets. Our team can assist in resolving disputes related to business valuations in a fair and transparent manner.

  6. Portfolio Valuation:

    Our portfolio valuation services help clients assess the value of their investment portfolios. We analyze and report on the fair value of individual investments and the overall portfolio, enabling clients to make informed decisions on portfolio management and adjustments.

  7. Social Audit:

    We conduct social audits to assess the impact of business operations on the social environment. This includes evaluating corporate social responsibility (CSR) programs, ensuring ethical practices, and supporting businesses in enhancing their social performance and community engagement.

Why Choose ALTAX CONSULTING for These Services?

  • Expertise in Complex Areas: Whether you need assistance with complex financial instruments, tax planning, M&A valuations, or portfolio management, our team brings deep expertise and experience to every service we provide.
  • Customized Solutions: We understand that every client’s needs are unique. Our services are tailored to match your specific business goals, whether you are a large corporation, a medium enterprise, or an individual looking for personalized financial guidance.
  • Compliance and Accuracy: We help clients navigate complex tax laws and accounting standards, ensuring full compliance and accuracy in all financial reports. Our services help prevent costly errors and maintain transparency with regulators and stakeholders.
  • Objective and Independent Valuations: Our valuations are unbiased and independent, ensuring that our clients receive a fair and objective assessment of their assets, businesses, and portfolios.
  • Long-Term Value Creation: We focus on strategies that create long-term financial value for our clients, from optimizing tax strategies to maximizing the efficiency of your investment portfolio.

Benefits of Our Services:

  • Optimized Tax Planning: Reduce tax liabilities and ensure your financial operations are as tax-efficient as possible.
  • Clear Financial Insights: Obtain accurate financial reports and valuations that provide clarity and support effective decision-making.
  • Strategic M&A Support: Make informed decisions during mergers and acquisitions, ensuring your interests are protected and the transaction is beneficial.
  • Enhanced Social Responsibility: Improve your company’s social impact and ethical practices with our social audit services.

ALTAX CONSULTING is dedicated to delivering high-quality services that empower businesses and individuals to manage their finances efficiently, navigate complex financial landscapes, and make informed decisions. Whether you need help with tax strategy, valuations, financial reporting, or social audits, our team is here to provide professional guidance and support tailored to your needs.

At ALTAX CONSULTING, we understand the growing complexity of financial reporting and the importance of maintaining integrity in financial statements. Our firm is committed to providing professional Financial Statement Audits that help ensure transparency, accuracy, and compliance with the latest regulatory standards.

Why Financial Statement Audits Matter

As the complexity of accounting frameworks such as Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS) continues to increase, the need for reliable audits has become more essential. Additionally, with the rising incidence of fraudulent reporting by major companies, audits have become a critical safeguard for businesses, investors, and stakeholders.

Our Financial Statement Audits Include:

  1. Audit of Financial Statements:
    • We conduct comprehensive audits of financial statements to ensure compliance with GAAP and IFRS. Our team meticulously reviews your financial records to verify their accuracy, detect any discrepancies, and ensure they reflect a true and fair view of your financial position.
  2. Internal Control Reviews:
    • As part of our audit process, we evaluate the effectiveness of your company’s internal controls to ensure that your accounting processes are reliable and secure. Our insights can help prevent financial fraud and improve the overall governance of your business.
  3. Fraud Detection:
    • We use advanced techniques to identify and mitigate the risk of fraudulent reporting. Our audit process is designed to uncover discrepancies, inaccuracies, or manipulations in financial statements, providing you with the confidence that your financial reporting is legitimate and compliant.
  4. Compliance Assurance:
    • With regulatory requirements constantly evolving, our audits ensure that your financial statements comply with the latest standards set by governing bodies. Whether you are subject to local, international, or industry-specific regulations, we help you stay in compliance and avoid costly penalties.
  5. Detailed Audit Reports:
    • We provide a detailed audit report that includes our findings, recommendations, and any areas of concern identified during the audit. These reports offer valuable insights for improving financial practices and strengthening financial reporting mechanisms within your business.
  6. Risk Assessment:
    • Through the audit process, we assess potential risks to your business and provide actionable recommendations to mitigate them. By identifying financial risks early, we help you safeguard your business against future financial challenges.
  7. Independent and Objective Opinions:
    • Our auditors provide independent, unbiased, and objective opinions regarding the accuracy and fairness of your financial statements. This enhances the credibility of your financial reports and provides assurance to stakeholders, investors, and regulatory authorities.

Why Choose ALTAX CONSULTING for Financial Statement Audits?

  • Expertise in GAAP and IFRS: Our team has in-depth knowledge of both GAAP and IFRS, ensuring that your financial statements meet the highest international standards.
  • Risk Management: We not only audit your financial statements but also evaluate internal processes and control systems to help mitigate the risk of errors, fraud, or non-compliance.
  • Tailored Services: We understand that each business is unique, so we offer customized audit services based on your specific needs, industry, and regulatory requirements.
  • Cost-Effective Solutions: We offer these high-quality audit services at extremely competitive rates, ensuring that businesses of all sizes can access professional auditing without breaking their budget.
  • Build Trust and Transparency: A thorough audit enhances your business’s credibility, helping to build trust with investors, stakeholders, and regulators. It ensures that your financial statements are not only accurate but also transparent.

Industries We Serve:

  • Public and Private Companies: We work with businesses in every industry, regardless of size, to ensure their financial statements are accurate and compliant.
  • Wealthy Individuals: Our services also extend to high-net-worth individuals seeking to ensure the accuracy of their financial records and comply with taxation laws.
  • Nonprofit Organizations (CSOs): We help CSOs maintain financial integrity and transparency, ensuring that donors and stakeholders trust the organization’s financial reports.

Benefits of Financial Statement Audits:

  • Enhanced Financial Integrity: Strengthen the credibility of your financial statements and safeguard against errors or fraudulent practices.
  • Regulatory Compliance: Ensure your financial statements meet the requirements of accounting standards, tax authorities, and other regulatory bodies.
  • Operational Insights: Gain valuable insights into your company’s financial processes and improve internal controls and risk management strategies.
  • Investor Confidence: A clean, reliable audit report increases the trust and confidence of investors and lenders in your business.

ALTAX CONSULTING is committed to providing high-quality audit services that not only meet regulatory standards but also provide meaningful insights for your business’s success. Our audits will help you navigate the complexities of modern accounting and reporting frameworks, ensuring that your financial statements are accurate, compliant, and transparent. Whether you’re a large corporation or a small business, we’re here to support your financial integrity at highly competitive rates.

At ALTAX CONSULTING, we recognize the challenges that businesses face when it comes to ensuring financial transparency and compliance. Our dedicated team of professionals is here to help you navigate these challenges by offering a comprehensive suite of services tailored to meet the needs of users of your financial reports.

Our Services:

  1. Evaluation of Internal Controls:
    • We assess and evaluate the effectiveness of your internal controls, ensuring that your financial reporting processes are robust, secure, and capable of preventing errors or fraud. By identifying any weaknesses in your internal control systems, we help you strengthen your financial operations.
  2. Cash Flow Forecasts and Projections:
    • Cash flow is the lifeblood of any business. We help you forecast and project future cash flows to ensure you have the liquidity to meet operational needs, investment plans, and financial obligations. Our cash flow projections allow you to make informed decisions and manage working capital efficiently.
  3. Profit Planning and Budgeting:
    • We assist in developing comprehensive profit plans and budgets that align with your business objectives. By working closely with you, we can create a detailed, realistic financial plan that ensures you allocate resources efficiently, maximize profitability, and maintain financial stability.
  4. Special Purpose Reporting:
    • We provide tailored financial reports to meet specific needs, such as regulatory requirements, internal management needs, or compliance with particular stakeholders. Whether it’s for a specific project, investment analysis, or compliance purpose, our special-purpose reports are designed to serve the unique needs of your business.
  5. Employee Benefit Plan Audits:
    • If you offer employee benefit plans (such as retirement plans, health benefits, etc.), we can audit these plans to ensure compliance with applicable laws and regulations. We help mitigate risks, ensure accurate reporting, and confirm that employee benefit plans are properly managed.
  6. IFRS Requirements:
    • If your business operates internationally or needs to comply with International Financial Reporting Standards (IFRS), we can help you navigate the complexities of IFRS requirements. We ensure that your financial statements are prepared in accordance with these global standards, improving their transparency and ensuring their acceptance by international stakeholders.

How We Add Value:

  • Industry Expertise: Our engagement teams bring together a broad range of industry expertise and specialized knowledge. Whether you operate in manufacturing, retail, financial services, or nonprofit sectors, our team is equipped to meet the specific challenges of your industry.
  • Partner-Led Engagement: All of our engagements are managed and directed by a partner, ensuring that you receive the highest level of attention and expertise. Our partners oversee all aspects of your engagement, leveraging the full resources of the firm to meet your needs and exceed your expectations.
  • Comprehensive Approach: We offer a comprehensive approach that goes beyond just meeting compliance requirements. Our services are designed to add value by improving operational efficiency, enhancing financial transparency, and supporting strategic decision-making.
  • Technology Integration: At ALTAX CONSULTING, we integrate cutting-edge technology and data analytics into our services, ensuring that your financial reporting is not only compliant but also optimized for better decision-making and improved performance.

Why Choose ALTAX CONSULTING?

  • Comprehensive Services: From internal controls to IFRS compliance, we offer a wide range of services designed to meet your specific needs.
  • Industry Specialization: Our professionals have in-depth knowledge of your industry, allowing us to provide tailored solutions that are both practical and effective.
  • Commitment to Quality: We are committed to delivering high-quality service with a focus on delivering results that matter to your business.
  • Expertise and Experience: With decades of combined experience, our team provides the expertise needed to tackle even the most complex financial challenges.
  • Customer-Centric Approach: We prioritize your needs and expectations, ensuring that all engagements are customized to fit your unique business goals.

Key Benefits:

  • Improved Financial Integrity: Strengthen the reliability and accuracy of your financial reporting.
  • Enhanced Decision-Making: With detailed forecasts, budgets, and reports, you’ll be empowered to make informed business decisions.
  • Regulatory Compliance: Ensure full compliance with tax laws, IFRS standards, and employee benefit regulations.
  • Operational Efficiency: Streamline processes and improve your company’s financial health with proper planning and internal controls.

By partnering with ALTAX CONSULTING, you gain access to a team of dedicated professionals who are committed to helping your business succeed. Whether you need to improve internal controls, forecast cash flow, or meet specific IFRS requirements, we’re here to provide you with the solutions and support you need to excel in today’s complex business environment.

At ALTAX CONSULTING, we specialize in aggressive tax planning to help businesses and individuals optimize their tax strategies and achieve maximum efficiency in their financial planning. Our approach ensures that the elements of your financial plan work together seamlessly to minimize tax liabilities while remaining compliant with applicable laws.

Tax Planning and Avoidance

Tax planning is an integral aspect of your overall financial strategy. While tax planning helps you achieve tax efficiency, tax avoidance goes a step further by legally utilizing the tax regime in a specific territory to reduce the amount of tax payable. It’s a legitimate strategy that enables businesses and individuals to take full advantage of available deductions, credits, and exemptions.

Tax sheltering is closely related but differs from tax avoidance, as it may not always be legal. It’s important to understand the differences and ensure that all tax strategies are in line with the law. Our expert team at ALTAX CONSULTING ensures that any tax planning strategy we recommend is legal, transparent, and fully compliant with local and international tax regulations.

Expert Representation to Fiscal Authorities

Navigating complex tax systems can be challenging. We provide expert representation to fiscal authorities to help you avoid costly mistakes and mitigate any potential risks. Our team includes:

  • Experienced lawyers specializing in tax law.
  • Certified public accountants with expertise in financial and tax regulations.
  • Tax specialists who can identify and implement effective tax strategies.
  • Former tax officials who understand the inner workings of tax authorities and the nuances of the system.

With decades of experience, our team is well-equipped to guide you through complex tax issues, ensuring that you get the best possible outcomes.

VAT and Tax Compliance

Tax compliance is an increasingly important issue for businesses, as governments worldwide are tightening regulations to boost revenue. In Albania, the government is rapidly reviewing tax laws, including VAT (Value Added Tax), and the Albanian Parliament is actively approving these new policies. It’s crucial for businesses to stay ahead of these changes to avoid penalties and ensure compliance.

Our practice of VAT and other taxes compliance includes the following services:

  1. Review of the Sales Process and Calculation of VAT:
    • We conduct a thorough review of your sales processes to ensure accurate calculation and timely payment of VAT and other applicable taxes. This helps you avoid errors and ensures that your tax filings are correct and compliant.
  2. Reverse Control of Sales:
    • We perform reverse audits to track sales and the use of fiscalization tools, ensuring that all transactions are properly recorded and reported to the authorities. This reverse control allows us to spot any discrepancies and rectify them before they become an issue.
  3. Evaluation and Management of Compliance Programs:
    • We help you assess the effectiveness of your current tax compliance programs and provide recommendations for improvements. Our goal is to ensure that your business adheres to the latest tax laws and regulations, especially in relation to VAT and other taxes, thus avoiding fines and penalties.
  4. Fiscalization Tools and Applications:
    • We assist with the use of fiscalization tools and applications designed to automate the process of recording transactions and transmitting data to tax authorities. These tools help streamline compliance and ensure your business is aligned with the latest tax laws.

Why Choose ALTAX CONSULTING?

  1. Expert Team: Our team comprises lawyers, accountants, tax experts, and former tax officials, all with extensive experience in handling complex tax matters.
  2. Comprehensive Services: From tax planning to VAT compliance and audit services, we offer a full range of services to ensure your business remains compliant and tax-efficient.
  3. In-Depth Knowledge: We have a deep understanding of tax and customs legislation, and we can help you navigate through any uncertainties, whether you’re a local business or operating internationally.
  4. Tax Efficiency: Our goal is to minimize your tax liabilities and ensure that your business operates in the most tax-efficient manner possible, while fully complying with the law.
  5. Customized Solutions: We tailor our services to your specific business needs, taking into account your unique situation and challenges.

Our Services Include:

  • Aggressive Tax Planning: Structuring your finances in the most tax-efficient way possible.
  • Tax Avoidance Strategies: Utilizing the tax system to your advantage while ensuring full compliance with the law.
  • Fiscal Representation: Representing you before fiscal authorities to handle tax disputes and negotiations.
  • VAT and Other Taxes Compliance: Assessing and ensuring compliance with VAT and other taxes.
  • Reverse Control of Sales and Fiscalization: Conducting audits to ensure compliance with fiscalization regulations.

By partnering with ALTAX CONSULTING, you ensure that your business is always one step ahead in the world of tax planning and compliance. Our expert team is committed to finding the most effective solutions for your tax challenges and helping you manage your tax obligations efficiently, ensuring that your business can focus on growth and success.

Get to know Experts / Partners

These are ALTAX experts and partners. Their expertise and effectiveness is appreciated by you when requesting their services. We have partners in a range of qualities, values ​​and professions. Quality and correctness is what we are all at ALTAX for.

The reason why experts from many sectors and certifications come together in this platform is that ALTAX has established three essential principles of partnership – expertise, which enables us to introduce progressive and productive services.

Capitalization. All experts / partners have an equal right to contribute and contributions cannot always be measured simply in terms of cash value or public profile.

Transparency. Sincerity and honesty in employment relationships are prerequisites for trust, accountability and, ultimately, successful partnerships.

Mutual benefit. All partners, as well as clients, should benefit from an interaction, having in common between them, both the specific goals and benefits targeted by each partner with the client, but also the incentive to ensure continuous engagement and sustainable working relationships.

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