Tax Accounting and Finance Services - ADM Solutions

ADM SERVICES BROCHURE

TAX | ACCOUNITNG | FINANCE | LEGAL | TP

LOCAL PARTNER OF

ADM Solutions d.o.o. VAT : 105927009: Register Number: 20494018; Bank Account: 205-141462-77; T: +381 (0) 11 44 145 90; A: Milutina Milankovica 9ž; E: [email protected] Tax and finance advisory. Transfer pricing. Company valuations. Due diligence. Accounting and Reporting. IFRS. Business plans and Projects.

WHO WE ARE

We are ADM Solutions, tax and financial

advisory company founded in January 2009

that provides services of accounting,

controlling, tax and financial advisory. We

are local partner of WTS Global.

With a presence in more than 100 countries,

WTS Global is the leading independent

network of tax partner firms.

Aside from tax and accounting services,

WTS Global offers legal and consulting

services - we deliberately refrain from

conducting annual audits in order to avoid

potential conflicts of interest. Our client

base varies from large multinational groups

to private sector clients.

With proactive approach we are trying to

offer valued services to our customers

providing more efficient management of

finance in term of tax advices, reducing

costs, increasing cash flow and control of

the entire business.

We selected a team of professionals who

have significant experience in serving the

largest companies, performing an audit and

advisory service under local accounting

standards and IFRS, professionals from top

management level in their previous

engagements.

We are confident that our team understands

needs and business processes of the client’s

and have appropriate skills to fulfil all

expectations by the clients.

Our work is based on high commitment to

the every single task we do. That means use

of the most appropriate resources to

provide highest quality services and strongly

focus on business needs. As a result we are

chosen by the best: New Yorker, Adecco

Outsourcing & HR, Le Belier Livnica Kikinda,

Carmeuse, Coface, LEONI, Trizma, Magna

Seating, Laguna, Win Win and others.

WTS Global Presence


WHO WE ARE (CONTINUED)

WTS Global Team – 150 partners worldwide

ACCOUNTING & PAYROLL Rapidly changing accounting environment

in Serbia represents big challenge for

accountants today. That is especially a

consequence of compliance with EU

regulations, implementation of IFRS for

small and medium entities. Besides,

reporting process and preparation of

various monthly reports for management

and statutory purpose is more intensive.

TRANSFER PRICING The highly dynamic global business

environment and increasing pressure from

tax authorities to generate tax revenues

from all sources, put transfer pricing on the

top of tax and finance issues today. We help

our clients to have better understanding of

transfer pricing and prepare full pack of

transfer pricing documentation in line with

local regulations.

CONSULTING

Today, the role of CFO is significantly

changed. Supported by controlling, he has

to be key driver of revenues, required to

create a value with proactive approach to

risks and opportunities. Many small and

medium companies do not have resources to

employ CFO or Controllers. We are here to

offer significant support in key areas and to

create measurable value for them.

TAX & LEGAL

Considering a lot of changes in fiscal system

in Serbia, we are aware of the challenges

that companies must face on a monthly

basis, especially when they lack of internal

resources to support them. Therefore, ADM

Solutions' tax advisors are ready to answer

your questions and help you understand the

local regulations in term of taxes

calculation, submitting of tax returns.


SERVICES THAT CREATE BENEFITS

UNDERSTANDING OF THE CLIENT

BUSINESS

Our focus is to understand client

plan in term of developing a

business, its expectations, business

risks and opportunities.

We analyse client aspirations,

doing business in Serbia and

deeply believe that we will meet

its expectations offering best

possible support and benefits.

UNDERSTANDING OF NEEDS FOR

COMPLIANCE WITH LOCAL TAX

AND ACCOUNTING REGULATIONS

We understand high importance of

implementation tax and

accounting system in a line with

positive regulations of Republic of

Serbia.

We are aware of necessity to have

timely and accurate bookkeeping

system as well as acurate tax

calculated, appropriate tax return

and documents submitted to the

tax authorities.

The fact that we offer full range services on

permanent basis to the clients in all financial, tax and

legal aspects, gives the main advantage to us in our

consultancy business and possibility to meet client’s

expectations at any moment. In the text that follows we

present main services:

TAX ADVISORY SERVICES:

Monthly tax advisory support on tax optimization

and mitigation of tax risks

Company tax health check

Monthly VAT review

Preparation and submission of VAT and all other tax

returns

Preparation of Tax balance sheet

Review of Corporate income taxes and Tax balance

sheet

Advices in all type of taxes : VAT, CIT, WTH,

Customs, PIT

Tax Due Diligence

Calculation of annual personal income taxes

Dealing with tax authorities in tax audit process

TRANSFER PRICING:

Transfer pricing study preparation

Identification of Transfer pricing risks

Benchmarking analysis preparation

Preparation of intercompany agreements

Review of transfer pricing

Advices in pricing policy with related parties

ACCOUNTING:

Accounting services including submission of tax

returns (monthly)

Preparation monthly reports for Group/Regional

management purpose (monthly)

Statutory financials preparation (annually)

Payment operations - e banking / Treasury

management

IAS 19 - Preparation of actuary report

Monthly accounting review (review of P&L, BS and

other report)

Monthly support in IFRS and accounting issues

Accounting setup

Preparation of local chart of account

Preparation internal act on accounting

Preparation internal act on annual inventory

PAYROLL:

Payroll services and submission tax returns for all

employees (monthly)

Registration and deregistration of employees at

authorities (per one registration/deregistration)

Preparation files on employees requests

Optimization of taxes and contributions


SERVICES THAT CREATE BENEFITS (CONTINUED)

FINANCE SERVICES:

Financial and Operation Due diligence reports

Company valuations

Mergers and Acquisitions

Assets valuations

Business plans

Restructuring

Exit strategies

Founding companies in Serbia and preparation of

founding acts

Industry and environment analysis

Macroeconomic indicators analysis

Support in securing a Government grants

Feasibility Studies and Investment projects

Key performance indicators management

Preparation of company budget

TRAININGS & EDUCATION:

IAS/IFRS

Corporate income taxes

Preparation of Financials Reports

Transfer pricing

Business planning

Credit risk analysis

LEGAL SERVICES:

Founding companies in Serbia and preparation of

founding acts

Preparation of all types of commercial and

finance agreements/contracts in a line with local

regulations.

Preparation of power of attorneys

Preparation of labor contract with employees,

annexes and other

Preparation of internal act of labor

Preparation of jobs systematization and

organization act

Representing clients at tax authorities and

business register agency

RECRUITMENT OF FINANICAL STAFF:

Phases of gathering potential candidates

Technical and physical evaluation via tests

Interview

Selection of best estimated candidates


WHY ADM SOLUTIONS?

1. We deliver measurable effects in favor on client’s profit and risk minimization.

2. We are appointed as advisor by largest multinational companies and local systems. We successfully performed more than 250 transfer pricing studies in last 3 years, more than 3.000 tax returns and 200 other valuable projects covering transactions in the amount of more than 1 billion of EUR.

3. Our advantage comparing with biggest global firms is focus on real local needs without any impact by global rules and global methodology. This enable us more flexibility, timeliness and commitment in every single task we do.

4. Still, we are supported with significant expertise of our global WTS professionals.

5. Proactive approach – indication of potential risks before closing of period (free assessment of transfer pricing risks and other tax risks on the basis of our queries)

6. Real fees based on long term cooperation


BACKGROUND OF KEY MEMBERS OF OUR TEAM

Bojan Radojičić Partner – Tax and Accounting

Education: Master’s degree in Economics,

Faculty of Economics, University of

Belgrade, Serbia- Module: Marketing.

Current responsibilities (tax, accounting

and audits): More than 150 projects in

finance and tax audits, CIT reviews, due

diligences, transfer pricing, VAT consulting.

Main projects: Telekom Serbia, Air Serbia,

JP PTT Serbia, Schmitz Cargobull, LEONI,

PMC Automotive, Adecco Outsourcing,

Opportunity Banka, First Data, Magna

Seating, FC Red Star, Akton, Azeils, EX ING

Grupa, Le Belier livnica Kikinda, Profine

GmbH, Pepsi Co, Luvata, Trizma and others.

Previous positions: Auditor at BDO, CFO at

Azelis Serbia. More than 10 years of

experience in tax and accounting

environment.

Memberships: Serbian Association of

Managers (SAM)

Education: Master’s degree in Economics,

Faculty of Economics, University of

Belgrade, Serbia- Module: Accounting,

Auditing and Finance

Current responsibilities (tax, finance and

audits): Various engagement in IFRS &

accounting consulting, VAT, CIT reviews.

Main projects: Laguna Group, Delfi

bookstores, Alti – Win Win shops, New

Yorker, LC Waikiki, Vitafoam RS, LEONI,

Ferring Pharmaceuticals, Mott MacDonald,

Paneleven Group, Betware, The end of line,

Carmeuse, ENMON, FESTO, Prodyna, Solaris

Bus and Coach, Cosmic Development, Ital

Bath and others.

Previous positions: Finance Director at

Park Prirode. More than 6 years of

experience in tax and accounting

environment.

He was a fellow of the renowned Serbian

Business Club "Privrednik" from Belgrade.

Željko Turudić Supervisor–Tax and Accounting

Education: Bachelor’s degree in

Economics, Faculty of Economics,

University of Belgrade, Serbia – Module:

Management.

Current responsibilities (tax, finance

and audits): Various engagements in tax

(CIT, VAT), M&A and finance consulting

projects, tax audits, transfer pricing,

client’s daily support in ongoing tax

issues. Main projects: Humanity, LC

Waikiki, New Yorker, Etem, Sidebalk

Steel, Coface, Dorma Doors, The end of

line, Whitecity Soft, P&D Shoes, Alti – Win

Win shops, FC Red Star, Globalkom, ABL

Faktor, LEONI Wiring Systems, LEONI Wire

& Cable Solutions.

Previous positions: Consultant/Intern at

Economics Institute

Srećko Ćosovć Tax and finance consultant


SERVICE FEES

Generally, our service fees are based on

consideration of the following factors of

which any of them has specific weight:

The size of taxpayer in terms of assets, revenues and profit

Nature of business of taxpayer

Estimated working hours of our team

Long term cooperation with client

Delivering the benefits

1. Reflects measurable benefits to the clients

2. Ensures highest quality consulting team

3. Are based on long term cooperation with partners

Our fees: Considering expected scope of engagement

and having in mind time necessary for

delivering the highest quality services as well

as structure of engaged team that include

managing partner, senior consultants and

junior associates we are preparing a fixed

calculation of the service fees for each

project.


OUR CLIENTS IN SERBIA

CONTACTS: ADM Solutions d.o.o. GTC Fortyone Milutina Milankovića 9ž 11070 Novi Beograd, Serbia Bojan Radojicic T: +381 (0) 60 70 330 40 E: [email protected] WEB: www.adm.co.rs

GTC FortyOne – VISIT US

DISTRIBUTION:

Azelis, Salinen, Etem, Sidebalk Steel, G3

Spirits, FESTO Gmbh, Profine GmbH, MB

Frigo, Prista Oil, Alpen Pharma, Ferring

Pharmaceuticals, Hardex, Dorma Doors,

Yufos, Officecom and others.

SERVICES AND IT:

Adecco Outsourcing & HR, Air Serbia

Grounding Serices, Prodyna, Trizma, Cosmic

Development, Quantox Technologies,

Betware, NTH Media, Akton

Communication, Investintech, First Data,

PanEleven Group, Teamnet, System one

and others.

INTERNATIONAL – NONRESIDENTS:

Siemens AG, Airbus, Leo Burnett Frankfurt,

Osram, Ledvance, DS Smith and others.

We served the biggest multinational

companies in Serbia as well as private

equity firms.

RETAIL:

New Yorker, LC Waikiki, Alti - Win Win

Shops, Laguna, Delfi Knjizare, ENMON and

others.

MANUFACTURE:

Magna Seating, Le Belier livnica Kikinda,

Pepsi Co, PMC Automotive, Luvata,

Dunkermotoren (Amatec), LEONI Wiring

Systems, LEONI WCS, Solaris Bus & Coach,

VitaFoam RS, GOVI, Eko Furnir (Welde

Group), Ital-Bath, Avital, Sanders, Dr

Pavlovic Laboratory, Carmeuse, P&D Shoes,

The End of Line, Europlast, BEHA Amprobe

and others.

FINANCE:

Opportunity Bank, Coface, Mott Macdonald

S, ABL Faktor and others.


Documents

Tax Accounting and Finance Services - ADM Solutions