Accounting for Professional Services: Empowering Cyprus Legal & Consulting Firms

From boutique law practices to international consulting groups, accounting for professional services requires precision, regulatory savvy, and growth-focused strategy. We deliver tailored solutions that keep your firm compliant, profitable, and ready to scale.

Contact Us

Accounting for Professional Services That Tackle Real Industry Challenges

Operating a professional services firm in Cyprus means juggling billable hours, client retainers, VAT on services, cross-border transactions, and the push for expansion amid tight regulations.

At A&C Christofi Ltd, we’ve partnered with legal firms, consultants, and advisors for over a decade from our Limassol base, ensuring you minimise tax, streamline finances, and focus on winning clients.

Discuss Your Professional Services Accounting Needs

Specialized Expertise Across Professional Services

Professional services drive Cyprus’ economy – from established law offices handling international disputes to dynamic consulting teams advising on tech, finance, and strategy.

We support every type of firm on the island and bring practical expertise that navigates local rules while supporting global ambitions.

We work with:

• Law firms and legal practices (corporate, litigation, and IP)
• Management and strategy consultancies
• Tax and financial advisory firms
• Accounting and audit practices
• Engineering and architectural consultancies
• IT and digital transformation consultants
• HR and recruitment agencies
• Marketing and PR agencies

Our team stays fully up-to-date with Cyprus Bar Association requirements, EU VAT directives on services, anti-money laundering rules, professional indemnity insurance accounting, client trust fund management, and the special tax incentives available to knowledge-based firms.

Our Accounting for Professionals: Services Tailored to Your Needs

We go far beyond basic compliance to provide clear financial insights, tax efficiencies, and strategic tools that fuel your firm’s growth.

Financial Statements & Regulatory Reporting
Accurate, fully compliant accounts and filings that meet Registrar, Tax Department, and professional body standards.

Bookkeeping & Client Billing Management
Daily bookkeeping, time tracking, and invoicing that capture every billable hour and strengthen cash flow.

Tax Planning for Professionals
Optimised personal and firm-level tax planning, including deductions and international structuring.

Audit & Assurance Services
Organised records and proactive support for internal reviews and external audits.

Practice Management & Profitability Analysis
Performance benchmarking, cost-leak identification, and pricing strategies that improve margins.

Transaction Advisory & Deal Support
Due diligence, valuations, and tax structuring for mergers, acquisitions, and partner expansions.

VAT & Cross-Border Compliance
Correct VAT handling, reverse-charge mechanisms, and EU-wide invoicing for international clients.

Accounting Software Implementation
Cloud systems tailored to professional workflows, integrating time tracking and CRM tools.

Why Professional Services Firms Choose A&C Christofi Ltd

We’re not just another accounting firm that happens to work with professionals – we’re the Cyprus practice that lives and breathes the world of legal, consulting, and advisory services.

For more than two decades, we’ve been a trusted financial partner to professionals in Cyprus. We understand the pressures you face: demanding deadlines, ethical compliance, talent retention costs, and the need to prove value to partners and clients alike.

Real Sector Experience
Over two decades supporting firms from boutique law offices to global consulting and tech advisory groups.

Senior-Led Service
Partner-led management with deep expertise in client trust accounts, AML reporting, professional indemnity provisions, and VAT on intangibles.

Multilingual Team
Greek, English, and Russian fluency for local and international client work.

Fixed-Fee Clarity
Transparent pricing for quarterly reviews and annual packages – even during deal-heavy periods.

Year-Round Partnership
Support across billing cycles, tax planning, audits, and growth strategy all year long.

When you need accounting for professional services that accelerates your firm’s success instead of slowing it down, you need a partner who already knows your world inside out. That partner is A&C Christofi Ltd.

Talk to Experts About Accounting for Professional Services Today

Elevate your firm’s finances and reclaim time for what you do best – serving clients. Contact our specialist team for a confidential, no-obligation discussion.

Let’s Talk