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Accounting Outsourcing
in Kazakhstan
GNIUS accounting outsourcing services in Kazakhstan offer you a strategic solution to manage financial operations efficiently and cost-effectively. Our services include essential functions such as statutory accounting, payroll & HR administration, as well as financial reporting. By outsourcing these tasks to GNIUS, you reduce costs, tap into specialized expertise, while staying focused on your core activities.
Accounting outsourcing services
01
Statutory Accounting
In Kazakhstan, statutory accounting is a mandatory process governed by local regulations. Businesses must prepare and submit financial statements, tax returns, and reports to the State Revenue Committee, adhering to the Tax Code. This includes calculating VAT, income tax, and mandatory social contributions, with requirements that can change periodically.
Outsourcing of the statutory accounting involves delegating these tasks to GNIUS. We handle the preparation of financial documents, ensure filings meet deadlines, and incorporate updates to Kazakhstan’s legal framework.
02
Payroll & HR
In Kazakhstan, payroll and HR administration involve managing employee wages, taxes, and compliance with local labor laws. Employers must calculate salaries, withhold income tax, and contribute to social insurance and pension funds, as required by the Labor Code and Tax Code.
HR tasks include drafting contracts, tracking attendance, and handling benefits, all aligned with regulations set by the Ministry of Labor and Social Protection
For businesses navigating Kazakhstan’s dynamic economy, our accounting outsourcing solutions for payroll & HR deliver accuracy, savings, and peace of mind.
03
Management reporting
Outsourcing of statutory accounting ensures reports are accurate, timely, and fully aligned with legal requirements. However statutory reports in Kazakhstan mainly focus on legal and tax compliance, presenting data in a format that may not directly serve managerial purposes.
GNIUS specialists can help you with providing management reports, based on the statutory reporting, that present accurate and useful information directly in your preferred format(s).
Our support is both technical and strategic, ensuring that the foundation of management reporting is solid and purposeful.
GNIUS accounting outsourcing ensures
01
Access to Specialized Expertise
Kazakhstan’s unique accounting and tax environment requires deep local knowledge, which outsourcing firms are well-equipped to provide. Key expertise benefits include:
Compliance: Kazakhstan’s Accounting Standards differ from International Financial Reporting Standards (IFRS), and outsourced professionals ensure accurate application and adherence.
Navigating Tax Regulations: Kazakhstan’s tax system—covering corporate income tax, value-added tax (VAT), and social contributions can be complex. Outsourcing providers stay updated on regulatory changes, minimizing the risk of non-compliance.
Handling Cross-Border Transactions: Businesses often engage in multi-currency transactions and international tax matters. Outsourced accountants have the skills to manage these complexities effectively.
02
Cost savings
One of the primary benefits of accounting outsourcing is the substantial reduction in operational costs, which is particularly appealing in Kazakhstan’s cost-competitive market. This advantage includes:
Lower Labor Costs: By outsourcing, businesses avoid the expenses of hiring full-time, in-house accountants, such as salaries, benefits, and training. Outsourcing providers typically offer services on a subscription or per-task basis, allowing companies to pay only for what they need.
Reduced Overhead: Outsourcing eliminates the need for additional office space, equipment, and software licenses, which is especially beneficial for small and medium-sized enterprises (SMEs) or startups with limited resources.
No Recruitment or Retention Costs: Recruiting and retaining skilled accountants can be time-consuming and expensive. Outsourcing removes these burdens, freeing up capital for reinvestment in growth initiatives.
03
Focus on Core Business Activities
Outsourcing accounting frees up time and resources, enabling businesses to concentrate on their primary objectives. This is particularly valuable in Kazakhstan’s competitive landscape:
Support for SMEs and Startups: These businesses often lack the capacity to manage complex accounting tasks while pursuing growth. Outsourcing allows leadership to focus on product development, marketing, and customer acquisition.
Aid for International Companies: Foreign firms entering Kazakhstan can prioritize market entry strategies and local partnerships, relying on outsourced experts for financial management.
Flexibility for Seasonal Businesses: Companies with fluctuating workloads can outsource accounting without the hassle of hiring temporary staff.
04
Risk Mitigation and Compliance Assurance
Kazakhstan’s stringent regulatory framework demands compliance, and outsourcing helps businesses avoid costly penalties. Key risk mitigation benefits include:
Regulatory Compliance: Experts in local tax laws, labor regulations, and financial reporting ensure businesses meet all requirements.
Fraud Prevention: Reputable providers implement robust internal controls to safeguard against financial misconduct, protecting data integrity.
Audit Support: During tax audits or inspections, outsourced accountants provide comprehensive documentation and assistance, ensuring a smooth process.
Contact us for a free consultation
Considering accounting outscourcing in Kazakhstan?
Contact us today for a free consultation!