Accounting Services in France

Setting up a company in France also involves contracting specialized accounting services. These can be offered by our accountants in France. We invite you to discover in the following lines some information in this regard, with the recommendation to get in touch with our French specialists for details.

Quick Facts
Who requires accounting services in France?	Every company must keep accounts and file annual accounts; hiring an external accounting firm is not legally mandatory but strongly recommended.
Applicable accounting legislation in France	– IFRS (International Financial Reporting Standards), – French GAAP (Generally Accepted Accounting Principles)
Types of accounting services we offer	Bookkeeping involves the record of financial operations of a firm. Alongside bookkeeping, our French accountants can provide payroll services and preparation of annual financial statements.
Tax advice and compliance	We ensure that the company is registered for the payment of taxes and has implemented the rules regarding deadlines, and is updated with the changes in legislation.
We offer support for tax registration	Companies in France must be registered for VAT and social contributions payment. The corporate income tax is another fee that has to be paid by companies in France.
Financial planning for company owners in France	We offer dedicated financial plans that can help entrepreneurs achieve their business goals. Our accountant in France can offer expert opinion.
Risk assessment and evaluation	Risk assessment in the company is a task that our experienced accountant can handle. He can propose measures to reduce financial risks in the company.
Types of audit services	VAT documents, account books, and varied invoices are used for internal and external audits in France.
Tax minimization methods available	A retirement plan is a good tax minimization option in France. One can also choose to cut the taxes with the help of charities or advance loan payment.
Personalized financial consultancy services	Investment strategies and business advice can be solicited on request.
Investment consultancy for high-net-worth individuals	Customized business plans, risk-free investment strategies and financial expertize can be provided.
Financial and analysis reports for companies	Business owners in France can anticipate the potential of an investment with the help of correct and complete financial reports. Tax analysis can be made by a French accountant.
Human resources services available	Support for employment recruitment, drafting work contracts and dealing with administration-related tasks.
Expertise provided by certified accountants (YES/NO)	Yes
Fiscal year in France	Usually the calendar year, but a company may choose another 12-month financial year

What types of accounting services do you offer in France?

Bookkeeping,
Payroll,
Audits,
Tax returns,
Tax support,
Debt monitoring, annual financial statements, etc.

What is the accounting legislation applicable in France?

French Commercial Code,
General Accounting Plan (PCG),
International Financial Reporting Standards (IFRS).

Who regulates accounting in France?

Autorité des Normes Comptables (ANC) – Accounting Standards Authority,
Autorité des Marchés Financiers (AMF) – Financial Markets Authority
The Ministry of Economy and Finance,
Compagnie Nationale des Commissaires aux Comptes (CNCC) – National Institute of Statutory Auditors.

All our accounting services are customized to the client’s needs and requests. Additionally, you can rely on us if you want to open a company in France.

You can also discover some of the services provided by our French accounting firm in the infographic below:

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What does bookkeeping entail?

recording all financial transactions in the firm,
managing invoices,
organizing daily financial transactions in a company,
keeping ledgers,
handling accounts payable/receivable.

What does a French payroll specialist do?

Deals with:

salary tax calculation and payment,
processing & calculating payslips,
prepares and submits the Déclaration Sociale Nominative (DSN) on a monthly basis,
onboarding & offboarding staff alongside HR specialists, etc.

NOTE! Our French payroll expert deals with the above-mentioned tasks and also with periodical reporting &payroll audits.

What are the payroll taxes in France?

22% – 25% employee contribution to the Social Security in France.
around 40%-45% employer contributions on gross salary (lower near the minimum wage due to the general reduction).

NOTE! Employees do not pay for health, maternity, and disability insurance, while the hiring company pays around 7%-13%.

Please discover the video presentation we have prepared for you:

Do you assist in preparing the annual financial statements for companies in France?

Absolutely! This is an important task handled by our accountants in France, who verify and prepare:

Balance sheet,
Cash flow statement,
Income statement,
Notes,
Reports, etc.

Can your French accountants make company payments?

Yes, according to the company’s plans.

Are there any tax optimization methods available in France? Can you give some examples?

Yes, these are known as “niches fiscales”. Here are some examples:

30% tax credit for companies activating in the R&D sector with eligible research expenses of up to EUR 100 million,
reduced CIT rate of 10% for companies making income from licensing or selling patents and/or software, through the IP Box Regime in France,
tax incentives for companies manufacturing green technologies,
contributions to retirement savings plans (PER) are deductible within annual limits.

Can I benefit from tax or financial advice for my firm in France?

Of course, we have tax experts who can provide support for your company established in France.

Can I receive accounting services for more than just one company in France?

Yes, you can access various services and personalized offers.

What types of audits are available in France?

Statutory,
Contractual,
Tax audit,
Specialist legal audit,
Social & employment audit, etc.

What is the financial year in France?

Usually January 1 to December 31, but another 12-month period can be chosen in the articles.

Are there any precautions to consider regarding accounting in France?

France introduced mandatory & strict electronic filing through Fichier des Écritures Comptables (FEC), which is why an expert accountant in France is needed,
penalties are imposed for company owners who do not respect the tax optimization strategies and the Anti-Abuse Rule in France.

NOTE! We would also like to mention the fact that our partner accountants are all registered with CPA France.

Are accounting services in France expensive?

The prices for the accounting services in France are established considering the type of company, size, activities, number of employees, etc.

We would also like to mention the fact that our partner accountants are all registered with CPA France.

If you want to open a company in France and need accounting services, do not hesitate to contact our local agents who can connect you with our accountants in France.