Statutory audits and assurance reviews that give stakeholders confidence in your numbers. We tailor this service to doctors, dentists, specialists and private clinics, who face specific issues such as gesy (ghs) income reconciliation, self-employed tax and provisional tax, practice payroll. We work alongside the Cyprus Tax Department, Health Insurance Organisation (HIO), Cyprus Medical Association so your filings are accurate and on time.
What's included
- Statutory audit preparation
- Internal control reviews
- Agreed-upon procedures
- Due diligence support
Why doctors, dentists, specialists and private clinics choose us
- Specialist support with gesy (ghs) income reconciliation
- Specialist support with self-employed tax and provisional tax
- Specialist support with practice payroll
- Specialist support with medical equipment allowances
- Specialist support with sole trader vs. company
Challenges you face, solutions we provide
Challenge: GESY (GHS) income reconciliation
Our solution: Monthly reconciliations of HIO statements against your patient records
Challenge: Self-employed tax and provisional tax
Our solution: Provisional tax, Social Insurance and GHS calculated and filed on time
Challenge: Practice payroll
Our solution: Payroll for nurses, receptionists and associate doctors run monthly
Challenge: Medical equipment allowances
Our solution: Capital allowances claimed on scanners, chairs and IT equipment
Challenge: Sole trader vs. company
Our solution: Sole-trader vs. company modelling with real numbers before you incorporate
Frequently asked questions
- Do you offer audit & assurance for doctors, dentists, specialists and private clinics?
- Yes. Tsquared delivers audit & assurance specifically for doctors, dentists, specialists and private clinics across Cyprus, on a clear fixed-fee basis.
- Is an audit mandatory in Cyprus?
- Yes. Cyprus limited companies, including dormant ones in most cases, must have their annual financial statements audited.
Related guides
← All Doctors & Medical Practices resources · Audit & Assurance overview