Accounting & Outsourcing Services

Although outsourcing has been around as long as work specialization has existed, in recent history, companies began employing the outsourcing model to have other companies with specialized tools, facilities and trained, experienced personnel, to carry out narrow functions that don’t make sense for them to do internally.

Setting up in a foreign country is challenging enough without having to worry about accounting records, payroll systems that are compliant with local laws and regulations and tax returns; outsourcing to local experts can help solve these problems. 

For local and cross border start-ups and growing businesses, the hiring process for competent staff with the necessary expertise, can be significantly time-consuming and strenuous on management. Outsourcing both lessens the cost and management load of hiring and the continued maintenance of these staff members.

Moore Trinidad & Tobago provides streamlined and centralized finance functions to businesses with local and global growth ambitions, so that you will benefit from solid, up-to-date information to help manage and drive your business forward.

Accounting

Outsourced accounting and related services include but are not limited to:

  • Data entry
  • Bank reconciliations
  • Cash flow forecasting
  • Reconciliation of subsidiary ledgers to general ledger balances
  • Maintenance of non-current assets registers
  • Preparation of management accounts
  • Variance analyses
  • VAT and quarterly tax filings
  • Annual tax returns
  • Compilation of working papers for statutory audits

Payroll

Moore Trinidad & Tobago has developed an enviable track record as a premier provider of payroll services to clients in the marketplace. Our service philosophy is simple – our clients focus on core revenue-generating activities and business development activities while we take full responsibility for the routine, time-consuming and repetitive payroll function. In the process, the clients save on the software and manpower required for in-house payroll processing, utilizing resources elsewhere.

We provide a guarantee that the clients’ payroll will be accurate, confidential, and always fully compliant with all laws and regulations. Through strategic alliances we can provide access to ancillary services like group health and life insurance and retirement plans. We provide direct deposit services and our payroll systems are adequately secured from IT disasters.

Our payroll services are offered to clients with local employees as well as expatriates and include, but are not limited to:

●   Expatriate and local payroll taxes
●   Preparation and submission of tax returns to the Board of Inland Revenue (BIR)
●   Applications for certificate of payment
●   Applications for TD1 approval
●   Applications for employees’ National Insurance (NIS) and Board of Inland Revenue (BIR) numbers
●   Compliance with all statutory bodies
●   Liaising with the relevant authorities in the event of any queries
●   Coordination and assistance with payroll audits conducted by the respective statutory boards i.e. The National Insurance Board (NIB) and the Board of Inland Revenue (BIR)