Accurate monthly bookkeeping, management accounts and year-end financial statements. 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
- Monthly bookkeeping and bank reconciliations
- Management accounts and KPI reports
- Year-end financial statements (IFRS)
- Cloud accounting setup (Xero, QuickBooks)
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 bookkeeping & accounting for doctors, dentists, specialists and private clinics?
- Yes. Tsquared delivers bookkeeping & accounting specifically for doctors, dentists, specialists and private clinics across Cyprus, on a clear fixed-fee basis.
- Do I need bookkeeping as a small company in Cyprus?
- Yes. Every Cyprus company must keep proper accounting records and prepare audited financial statements annually.
Related guides
← All Doctors & Medical Practices resources · Bookkeeping & Accounting overview