XERO Accounting Gibraltar: Why Xero is the Smart Choice for Modern Businesses
Accounting & Financial Services - Tag Consultancy
Smart Accounting Solutions to Save Your Business Time & Money!
Managing your business finances can be overwhelming. Mistakes in tax filings or compliance can quickly become costly. Our team of chartered accountants ensure your accounts are accurate, complete, and fully compliant with Gibraltar’s regulations.
We handle all your financial paperwork. We make sure submissions are correct and on time. This helps you avoid late fees and penalties. With your accounting needs expertly managed, you can focus on what matters most: growing your business with confidence.
Accounting & Bookkeeping
Spending To Much Time Making Sense Of The Numbers?
We take care of your bookkeeping and accounting needs, so you can focus on growing your business. Our team provides comprehensive financial management by accurately recording, reconciling, and reporting all transactions.
We offer flexible solutions tailored to your business:
- On-Site Support – Our specialists can come to your office or store. They will manage financial entries and keep all records current.
- Remote – Using cloud-based accounting software, we manage your books remotely with real-time access and reporting.
Outsourcing your accounting can lower costs and improve efficiency. It also gives you access to our experienced team’s insights. This helps you make better financial decisions.
Financial Statements & Compliance
Why Are Financial Statements Essential for Your Business?
Filing financial statements is not just a legal duty. It is an important process that helps keep your business stable, compliant with laws, and ready for future growth. In Gibraltar, all businesses, sole traders and individuals must submit their annual financial statements to:
- Income Tax Office – HM Government of Gibraltar
- Companies House Gibraltar
Failure to meet deadlines can result in fines and penalties. Without accurate financial reports, business owners cannot see their cash flow, profits, and financial trends. This makes it harder to make smart decisions and plan well.
How We Support Your Business
We go beyond just following rules. We offer financial reporting and analysis. This helps you stay compliant and gain valuable business insights.
Our specialists ensure:
- Timely and Accurate Filing – Avoid penalties and stay compliant with Gibraltar’s financial regulations.
- Clear Financial Insights – Understand your financial position to support smarter budgeting and forecasting.
- Strategic Business Support – Use financial data to set achievable targets and drive profitability.
Ensure Compliance with Ease
Your financial statements are prepared by professionals, so you can concentrate on driving your business forward.
Smarter Accounting with Cloud-Based Software (Xero)
Implementing accounting software streamlines operations, enhances accuracy, improves efficiency and drives business growth.
Key Benefits
- 24/7 Access to Financial Data – Monitor finances day to day with real-time insights.
- Automation & Error Reduction – Minimise human error and save time on repetitive tasks.
- Secure Cloud-Based Solutions – Easy access for business owners and financial teams.
- Scalability & Security – Adapt to business growth while keeping financial data protected.
- Data-Driven Decision-Making – Reports that support strategic planning and financial control for better cash flow management
Xero Implementation & Training
As certified advisors in Xero and QuickBooks, we provide:
- Tailored Setup & Integration – Configuring software to align with business needs.
- Comprehensive Training – Ensuring teams utilise the platform effectively.
- Ongoing Support & Optimisation – Continuous assistance to keep systems running efficiently.
Take Control of Your Business Finances
Investing in the right software saves time, reduces costs, and improves financial management.
Hassle-Free Accounting Solutions
We know that managing accounting tasks can be complex and time-consuming. Our team provides tailored solutions to keep your finances accurate, compliant, and stress-free.
View our Regulatory License
Our Services Include:
- Bookkeeping – Keep records organised and up to date.
- Financial Statements – Ensure timely and accurate filings.
- Cloud Accounting Software – Streamline finances with Xero & QuickBooks.
The Right Partner for Your Business
- Save Time & Reduce Stress – Focus on growing your business while we handle the numbers.
- Ensure Compliance – Stay on top of tax and reporting obligations.
- Gain Financial Clarity – Make informed business decisions with accurate data.
Take Control of Your Finances Today
Ready to simplify your finances?
Contact our accountants today for a consultation
Gibraltar Accounting & Tax Advisory: Your FAQs Answered
The accounting requirements in Gibraltar encompass adherence to International Financial Reporting Standards (IFRS) for financial transparency, Value Added Tax (VAT) compliance, accurate financial reporting, annual audits, corporate governance principles, compliance with commercial laws, and adherence to free zone regulations for companies operating within them. Complying with these regulations ensures legal adherence, financial integrity, and accountability, with professional guidance essential for navigating Gibraltar accounting requirements effectively.
Popular accounting software used in Gibraltar includes Xero, QuickBooks, and Sage. These platforms offer features such as automated bookkeeping, invoicing, expense tracking, and financial reporting, facilitating efficient accounting management for businesses of all sizes.
Financial reporting in Gibraltar is primarily regulated by the UK Law No. 2 of 2015 concerning Commercial Companies, which outlines the obligations for companies to prepare and submit financial statements annually. Additionally, the UK Securities and Commodities Authority (SCA) regulates financial reporting for publicly listed companies and requires adherence to International Financial Reporting Standards (IFRS) or Generally Accepted Accounting Principles (GAAP).
Companies in Gibraltar typically must submit their financial statements annually, within 90 days from the end of their financial year. However, specific submission deadlines may vary depending on the regulatory authority overseeing the company's activities and its legal structure.
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Testimonials
TAG and their whole team are fantastic, always bringing top expertise, advice and performance. We can always rely on them providing a great service at great value and they're one of the best professional accounting firms that I've had the pleasure of working with.
Brilliant service from the whole team, helpful in explaining things, responsive and professional. Very much recommended!
Professional and fast service, preparing our accounts at almost last minute with attention to detail and in person meetings when necessary. Personal touch appreciated!
Had the pleasure of working with Kyle and Josue, they managed to sort me out swiftly and in a professional manner! Highly recommend working with them!
I sent an email to TAG with some queries, Carl quickly replied and booked me in for a video call. Within 10 mins he was able to advise on what to do next and introduced me to a third party who can assist going forward too. Great service, thanks, Jack.
I went to TAG Consultancy due to some challenging issues we were having as a business. They took on these issues and discussed ways of identifying the root cause. We agreed a form of action and implementation together. Today we are growing and evolving as a business in a better way. Thanks to TAG Consultancy.
We are so impressed with the service from Tag Consultancy. Carl and his team are 100% experts in their field and I would totally recommend them if you are looking to open a business in Gibraltar.
Very reliable team
I had the pleasure of working with TAG Consultancy in Gibraltar and was thoroughly impressed. Their team offers a comprehensive range of services including accounting, auditing, business development, compliance, and more. They guided us expertly through complex financial and regulatory landscapes with exceptional professionalism and personalized attention. Their innovative approach and commitment to excellence ensured our business needs were met efficiently and effectively. I highly recommend TAG Consultancy for anyone seeking top-tier consultancy services in Gibraltar. Their expertise truly sets them apart.
Can’t fault them. From beginning to end they were courteous, thorough, and got the job done in time 👍
Working with TAG has been a game-changer for our business. Their seamless payroll solutions have simplified our operations and freed up valuable time that we can now dedicate to growing our company. Their employees are friendly and proactive, making the entire payroll process effortless. We've been consistently impressed by their accuracy and timeliness in handling our payroll, ensuring our employees are always paid correctly and on time. Overall, TAG has exceeded our expectations, providing reliable, efficient, and personalized payroll services that have significantly benefited our business. So much so, they are also now our company managers. We highly recommend them to any company seeking top-notch payroll solutions Secure Refunds Limited
Amazing customer service offered by TAG, we have changed our accounting system to a modernised solution which has saved us time and money. Definitely recommended. A1
Carl at tag and the rest of the team , have made my life so much easier on sorting my business affairs, tax, etc, etc. Things are laid back in Gibraltar , / paradise , but they have achieved my goals , just one thing to conquer, C card, Susana has been my main contact and has got this job done keeping me informed and up to date and archived my goals. She is professional and emailed me regular on updates. A big thank you to Susana / team ,
