Accounting
Quite often, the services a company requires are diverse. Outsourcing can be an easier way when related tasks can be delegated to one trusted service partner. Accounting, financial reporting and consolidation are such tasks. When needed, we can take total control of the company’s financial affairs. You receive quality supervision and governance.
Clients routinely hire us for the following tasks: establishing an accounting system customised to your company; providing staff training to master that accounting system; managing cash-flow and the company’s treasury which includes bank account management, bank transaction reports and bank signatories.
Regular, accurate reporting can be part of the package. Included are management reports, profit and loss statements, balance sheet consolidation, reports and performance reports. Preparing budgets and cash-flow forecasts can also enter the process. And is your company regularly meeting its targets? Intertrust will inform you of this on a regular basis – daily, if necessary.
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Pension fund administration
The issue of corporate pension funds is a sensitive one; fund administrators are subject to considerable scrutiny.
There is pressure from employees; complex legislation; the issue of how to best manage assets. We help companies comply with pension legislation. And we work to fulfill employees’ expectations. We can provide the company you represent with the necessary back-office support. Or we can deal directly with pension-fund members, acting as your company’s pension department. As pension administrators, it is Intertrust’s task to match each company’s pension requirements.
‘Administering pensions’ translates to performing a series of services: maintaining membership records. Calculating benefits. Making pension payments. Acting as trustee – doing banking and reporting, attending shareholder meetings. Compliance and regulatory reporting are part of the mix. As are member services: help lines, communications and providing benefit statements. We have a reputation for setting the standard in trust. To support this claim where pensions are concerned, we regularly seek quality audits for our procedures. Who makes these evaluations? External quality assessors. Our own quality-management team also reviews us; our clients are asked routinely for their opinions and approval. We are, of course, a licensed service provider. This is your objective measure of Intertrust as a trustworthy partner in pension administration.
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VAT registration and administration
Doing business means complying with Value Added Tax (VAT) laws.
VAT affects literally millions of companies worldwide – particularly those involved in international transactions. What does taking care of VAT issues actually entail?
Intertrust clients know that VAT calls for a comprehensive series of services. Our clients benefit from expertise on VAT-related issues: answers to questions about goods & services provided to parties within the European Union – and beyond. Clients also count on us to obtain VAT numbers. To register and process VAT returns, to follow up on – even chase – incomplete returns. We ensure VAT compliance, helping clients understand which forms to complete and when. With Intertrust’s input on VAT, you’re ensured smooth filings, compliance, and value.
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Payroll services
Handling payroll implies three main concerns: the process is complex. It is usually time consuming.
And outsourcing payroll is a sensitive issue as salary information must stay confidential. We believe that companies perform best by focusing on the businesses they know best. That is why, in many cases, we manage their payrolls: to free them for other, core business activities.
Local offices, international subsidiaries: at Intertrust we welcome the challenges of your complex payrolls. Using the latest technology, we:
o Issue staff pay slips, with breakdowns of salary details.
o Contain queries by revealing inconsistencies promptly.
o Generate up to 20 different reports. This lets you track spending by country, cost centre, department and employee.
o Consult local authorities and service providers on behalf of your company; oversee employees’ stock options where applicable.
o Ensure that your payroll complies with local statutory obligations, including salaries’ tax return.
These services are designed to save companies time and money. There is no longer a need for hiring and training permanent staff for this function. Instead, Intertrust forms a close working relationship with you. Understanding your business. Respecting your staff’s privacy. Becoming the trusted partner so that your business can thrive.
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Process agent
Whatever your reason may be to hold a UK address for one of your offices, it requires extra care and attention.
Companies operating in the UK or dealing with UK financial institutions often need to provide an address in the UK at which legal proceedings or other notices can be served on them. We can support you not just by setting up office, but also by acting as your agent for service of legal process. It ensures you that any proceedings you receive for your UK office are received in good order and are promptly addressed.
You can rely on us to support you from setting up a new business abroad to running its day-to-day business. Process agent is our specialized answer to shoulder the burden of administrative stress. If your main trading address is overseas. If you plan to change your UK address during the period of an agreement. Or if you worry whether legal documentation received at your UK address will quickly reach the proper recipient.
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Bank account management
Managing companies. Managing bank accounts. These two activities are usually linked.
And both require close attention to the client’s instructions.
What makes bank-account management a challenge for companies? Working with multiple banks in multiple countries, for one thing. Maintaining an overview of accounts, in this case, is complicated. The principle of efficient cash management means consolidating corporate funds in one institution rather than having them in various places. The benefit to clients? Lower interest on debit balances – and a better return on your cash flows.
Intertrust’s services: opening bank accounts, naturally. Fulfilling compliance requirements. Handling transfers and Forex transactions. All these are handled by the teams addressing you and your company’s portfolio.
When managing companies’ bank accounts, our staff works closely with you: we are your first line of contact. What are the benefits of optimised treasury management? A better chance of creating a 'cash-rich' treasury position, in which short- to medium-term investments can be considered.
Intertrust’s offering in the field of managing bank accounts? A reliable approach. Access to state-of-the-art technology. And all the innovative solutions a company could need.
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