France is one of the most prolific economies in the European Union and the number of enterprisers from within and outside the EU coming open companies here is continuously growing. From small-scale to medium and even large scale businesses, it is hard to start a company in France
without the help of specialized personnel. Among these, lawyers who can advise shareholders on the legal hurdles they need to handle and accountants
who can guide them through the laws related to filing financial statements, audit requirements and other accounting
In their desire to offer full services to clients, our accountants in France are here to offer professional services for local and foreign investors.
| Quick Facts || |
| Who requires accounting services in France? || The services of an accounting firm in France are mandatory for companies with operations on that market. |
Applicable accounting legislation in France
- IFRS (International Financial Reporting Standards),
- French GAAP (Generally Accepted Accounting Principles)
Types of accounting services we offer
Bookkeeping involves the record of financial operations of a firm. Alongside bookkeeping, our French accountants can provide payroll services and preparation of annual financial statements.
| Tax advice and compliance || |
We ensure that the company is registered for the payment of taxes and has implemented the rules regarding deadlines, and is updated with the changes in legislation.
| We offer support for tax registration || |
Companies in France must be registered for VAT and social contributions payment. The corporate income tax is another fee that has to be paid by companies in France.
| Financial planning for company owners in France || |
We offer dedicated financial plans that can help entrepreneurs achieve their business goals. Our accountant in France can offer expert opinion.
| Risk assessment and evaluation || |
Risk assessment in the company is a task that our experienced accountant can handle. He can propose measures to reduce financial risks in the company.
| Types of audit services || |
VAT documents, account books, and varied invoices are used for internal and external audits in France.
| Tax minimization methods available || |
A retirement plan is a good tax minimization option in France. One can also choose to cut the taxes with the help of charities or advance loan payment.
| Personalized financial consultancy services || |
Investment strategies and business advice can be solicited on request.
| Investment consultancy for high-net-worth individuals || |
Customized business plans, risk-free investment strategies and financial expertize can be provided.
| Financial and analysis reports for companies || |
Business owners in France can anticipate the potential of an investment with the help of correct and complete financial reports. Tax analysis can be made by a French accountant.
| Human resources services available || |
Support for employment recruitment, drafting work contracts and dealing with administration-related tasks.
| Expertise provided by certified accountants (YES/NO) || |
| Fiscal year in France || |
The calendar year
Why would one need accounting services in France?
Companies and individuals, especially foreign shareholders of French companies
, can benefit from many tax advantages when using the services of an accounting firm in France
. For example, did you know France has signed more than 90 double tax treaties
with countries all over the world? Based on this information and with the assistance of specialized accounting services
, foreign shareholders of companies registered in France
can benefit from numerous tax deductions or exemptions, according to these agreements.
Nowadays, tax minimization solutions are legally recognized and help many investors to reduce the taxes they must pay. By working with an us, our accountants in France can set in place customized tax minimization strategies to the benefit of their clients.
Accounting services available in France
tailored bookkeeping services for all types and sizes of companies in France in accordance with their needs;
preparation and filing of monthly, quarterly and annual financial statements for French businesses;
various types of audit services which respect the national and international auditing standards;
tax and VAT registration for newly registered companies, as well as tax return filings;
payroll and accounting services related to employment contributions in France;
tax advisory services for foreign investors seeking to open companies in France.
All our accounting services
are customized to the clients’ needs and requests. Additionally, you can rely on us if you want to open a company in France
You can also discover our accounting services in France in the infographic below:
Bookkeeping services in France
represents the recording of daily accounting documents issued or received by a French company. For those who have just started a business in France
, this can be quite confusing as it requires a lot of attention and respecting various regulations. With the help of our bookkeeping services
, your local company will be safe from this point of view. All invoices, sale and purchase orders, as well as all other documents which need to be entered into the accounting system will be processed the same day without delays.
is one of the most important tasks of the accounting department in a company, however, it requires special attention and extra personnel who can deal with a large volume of work. This is one of the main reasons medium and large-sized companies in France
usually outsource the entire accounting department.
If you are a newcomer on the French market, you will definitely want to focus more on your business rather than administrative affairs and in order to help you, we come with personalized bookkeeping and accounting services.
Outsourcing these services with our accountants in France could also represent a cheaper alternative than using an in-house accounting department.
Accounting requirements for French companies
One of the most important parts of accounting in France
is respecting the requirements imposed by the Company Law
in terms of preparing and reporting various tax information with the authorities. These requisites imply specific document preparation and filing terms which is where an accounting firm or accountant can be of help.
- they must keep records on all incoming and outgoing invoices in the company;
- record all other transactions completed by the company;
- keep the balance with the assets and liabilities of the business;
- maintaining appropriate accounting documents related to the change in the ownership of the business (share purchases and sales).
It should be noted that company directors also have various duties and through our accountants in France, all these duties can be explained while assistance will be provided in order to comply with the respective requirements.
For any information on the legal requirements that need to be respected by companies, you can rely on our French company formation specialists
who can also provide assistance in business incorporation
Fulfilling tax filing requirements in France
One of the most important tasks of the accounting department will be to ensure the timely filings of the accounting documents
. For those who are less acquainted with the filing requirements applicable to French companies
, we can offer dedicated services which imply compliance with the preparation and filing deadlines imposed by the tax authorities in France.
We would also like to mention the fact that our partner accountants are all registered with CPA France
With respect to the tax filing requirements, it is important to know that for French companies the tax year is the same as the calendar year, however, business owners can choose a different tax year. Even if the tax year can be longer or shorter, most companies choose to have 12-month tax years. Companies choosing to use the calendar year as their tax year will be required to file their corporate tax returns by the 30th of April of the current year for the income generated in the past year. For companies choosing another accounting period, the tax returns must be filed no later than 3 months after the end of the financial year. Our accountants in France can offer you more details.
Audit services in France
One of our most sought services in the sphere of accounting is audit
. French companies
are usually notified by the tax authorities on their audit requirements and the date by which the audited accounts
must be submitted. The following documents must be prepared for an audit in France
- the company’s balance sheets;
- the account books;
- the business’ contracts;
- the invoices and purchase orders;
- the VAT documents;
- the bank statements;
- the customs clearance documents for exported goods.
All these documents can be properly prepared in accordance with the national and international standards with our help.
Tax consulting in France
It is common for French companies
to plan budgets and projections on the business’ activities which is why we can provide tax consultancy and planning services associated with accounting in France
. Even if the general perception is that new businesses need guidance during their first year of activity request such services, these are welcome at any stage of the operations and many financial aspects can be improved when relying on the advice of experienced accountants.
Through our accountants in France
will be advised on how to increase the revenues, expanding their operations, cut back expenses and even enter new markets through tailored solutions that fit their exact needs.
We also offer tax planning solutions through which companies can find out more about the industries they operate in and how to use projections in order to maximize their profits.
Payroll services as part of accounting in France
is another aspect that can be taken care of through accounting in France
. Companies can rely on us for guidance in the following matters:
- employment contracts preparation, amendment and ending;
- representation with the labor and other related authorities in France;
- payroll preparation in accordance with the legal requirements imposed by the law;
- preparation and distribution of monthly paychecks and salaries and other payments;
- preparation and conciliation of monthly, quarterly and annual payroll statement filings;
- personal income tax annual filings;
- preparation and payment of social contributions;
- updates in specialized payroll software.
Payroll is one of the most strenuous tasks of accounting in France due to the many changes in the employment legislation and workforce dynamics in a company which is why it requires a keen eye to keep track of all these changes. When externalizing the HR department to a firm that will have to deals with these specifics only, business owners will no longer have to worry about such issues.
Also, when considering the particularities of the personal income tax in France
and the exemptions
offered by the authorities based on specific criteria, having the help of an accountant will prove essential in mitigating any problems resulted when monthly paychecks must be prepared and social contribution must be paid.
We invite you to ask more information about all HR and payroll services from our accountants in France. You can also rely on us for assistance in various employment matters.
In-house vs externalized accounting in France
The days where most companies used to have their own accounting departments are coming to an end as the advantages of externalized accounting services weigh more. Creating an entire department is by far harder and more expensive when it comes finding suitable and most importantly qualified personnel for the accounting department. For example, a company must hire one or more accountants, HR specialists, auditor and even auxiliar personnel for additional tasks, whereas using an external accounting firm, all these persons can work for the company right from the beginning and at lower costs.
For more information on the accounting services
we can provide for you in France
, do not hesitate to get in touch with us. You can also rely on our agents if you want to open a company in France
What should you know about the French taxation system?
Just like all other European countries, France
has its particularities when it comes to taxation
. Companies in France
are subject to various requirements depending on the structure employed and their size.
Here is what you should know about the taxes which need to be paid by companies in France:
- the current corporate tax rate is set at 31%, with a reduced rate of 28% for the first 500,000 euros on the taxable income;
- for companies with an annual turnover above 250 million euros, the corporate tax is applied at a rate of 33.33%;
- the corporate tax will suffer various changes in the coming years, as it will be gradually reduced to 25% by 2022;
- a 3.3% social surcharge applies to companies with a corporate tax liability of more than 763,000 euros.
If you want to open a company in France
and need accounting services
, do not hesitate to contact our local representatives
who can connect you with accountants in France
, while we assist you with the company registration procedure