Services designed for your growth

We work with various business sectors to meet tax requirements, offering complete tax management services in Panama for:

• Small and medium-sized enterprises (SMEs)
• Entrepreneurs
• Independent professionals
• Growing companies

Our team of professionals, committed to providing efficient, secure, and regulation-compliant solutions, has extensive experience handling tax obligations at both national and municipal levels.

We aim to understand your business, your industry, and your goals in order to act responsibly, proactively, and creatively – identifying opportunities for you and your business.

Main services

Analysis, preparation, filing, and payment of all reports required by Panamanian government entities:

General Directorate of Revenue – DGI (tax authority).

Municipality of Panama (local governments).

Assistance in the event of a tax audit or investigation by government authorities.

Tax Planning

We develop a tax strategy using careful planning that meets all obligations throughout the year.

By developing a customized policy with our clients, we can identify and address potential weaknesses to offer the best solutions.

We can advise you on all aspects of taxation in Panama across its various tax implications.

Tax Projection

We believe it is essential that you remain in full control of your personal and corporate tax projections.

We will keep you informed of upcoming tax payments, estimates based on your business accounts, and help you plan accordingly – including our recommendations.

At SAR | ACCOUNTING we offer all accounting services in Panama expected of a market-leading firm.

We handle every aspect of the process – from the start of your company’s operations to the filing of annual returns – meeting all your accounting requirements with the highest level of client care and personalized service. We guarantee efficiency and the peace of mind that your accounts will be handled in a timely and professional manner.

Cost-effective, high-value solution

We provide cost-effective, high-value solutions to meet all your financial needs. With personalized attention, we advise you on how to improve your business and achieve company wellbeing.

By getting to know your business, we make a decisive difference that truly impacts your bottom line.

Accounting reports

All our reports are presented in simple, easy-to-understand formats, supported by valuable recommendations showing how minor adjustments to your operations could have a significant impact on company results.

This level of detail, effort and proactivity will facilitate decision-making for our clients, which translates into satisfaction with our services.

We provide quality advisory, experience and the characteristics of a large accounting firm accompanied by a personalized approach, reliable, serious and responsible service.

Why use SAR | ACCOUNTING

We have extensive experience in success, providing our accounting services in Panama to both local and international companies. We give meaning to your numbers:

• Invaluable management information and detailed accounting analysis, provided as part of our service.
• Personalized approach with specialists in each service area.
• Efficient, reliable, and responsive service.

This service is the ideal solution for individuals and legal entities (companies and foundations) with local, offshore, and international activities, companies operating with equity financial instruments (shares and other securities), real estate, or low-volume operations.

Our basic plan includes:

• Design and maintenance of a basic accounting software system using Peachtree, based on international accounting standards (NIIF) for both full and SME versions.
• Maintenance of a digital file with supporting documentation (source documents).
• Handling of any requirements from authorities, the client, and their lawyers.
• Everything proposed in compliance with international standards.
  • NIIF – SME versions
  • NIIF
  • US GAAP

We are specialists in various business areas. Our audit will focus on providing greater attention to process consulting, advisory and tax treatment, as well as the correct application of International Financial Reporting Standards (IFRS) and the International Standard on Auditing (ISA).

We conduct independent and efficient audits, which is a guarantee for stakeholders in the reliability of financial information.

At SAR | ACCOUNTING we adapt our audit services to the individual needs of each business. Our team has the knowledge and experience to deal with complex financial information issues, through multidisciplinary teams, with high professional quality.

Our audit services include:

Assessment of internal control risks.
Audit and review of financial statements.
Compiled financial statements.
Letter to management on findings and recommendations.

Objective of our audit services:

Our auditors ensure that the company’s financial statements comply with accounting principles and International Financial Reporting Standards (IFRS), issuing a professional opinion on them.

Financial statements audits

We are committed to conducting audits according to professional standards, ensuring that financial statements reasonably represent the company’s objectives and goals.

During our audit processes, if areas susceptible to improvement are detected, you will be informed via letter in which findings and their corresponding recommendations are reflected.

Forensic audit and judicial expert appraisal

This is a science of auditing related to knowledge, accounting and financial applications to determine or provide evidence that serves as support to lawyers and professionals to establish a legal action through the courts, the Accusatory Criminal System or through alternative solutions for conflict mediation or arbitration.

The judicial expert is an auxiliary of justice who has taken an oath. The objective in this service is to carry out our mission with total independence and provide the judge with an expert report based on technical evidence on which he can base his judgment.

The audit services in Panama that we offer to our clients:

• Determination of the amount requested by the parties in conflict.
• Determination of damages and losses.
• Situations that have interference at the accounting, financial, fiscal, etc. level.
• Investigation of financial fraud committed to the detriment of our clients by company employees, suppliers and/or corporate governance.
• Advisory on prevention of money laundering and terrorist financing as a culture within companies in Panama (Law 23).

We satisfy your accounting and financial reporting needs without exhausting your internal accounting resources.

Our advisory services practice is composed of a specialized team that provides advisory, support and financial reports.

We offer the following accounting advisory services in Panama:

• Accounting advisory.
• Internal control advisory.
• Advisory in the preparation of financial statements.
• Accounting organization advisory.
• Transactions and financial reports.
• Advisory for the restructuring of your company.
• Requirements of accounting standards.

Our clients request our services because of:

The necessary due diligence in case of corporate acquisitions or mergers, mainly in aspects of asset and liability valuation, and the preparation of financial statements.

The quality of services necessary to manage your accounting records in a timely manner, as well as the maintenance of your company’s operating and tax system.

The registration of foreign companies with the tax authority of Panama (General Revenue Directorate) for cases of foreign companies not operating in Panama that intend to perfect an act with tax effects in the country: purchase/sale of shares, purchase/sale of properties, participation in government bids.

For all individuals and legal entities that require high-quality accounting advisory, at SAR | ACCOUNTING, we have extensive specialized knowledge and technical experience to help our clients.

Companies hire us as accounting advisors to review internal processes, recommend best practices in line with regulations and help corporate governance design manuals containing policies and action plans aimed at recording accurate transactional data.

We provide the necessary resources and provide analysis on specific topics, available to respond to individual needs.

As a company, we strive to provide services and solutions that are flexible and adjust to the client’s particular circumstances and needs, based on ongoing or future projects.

At SAR | ACCOUNTING we understand that the Payroll Department is important to care for the well-being of employees and the company, no matter how small it may be.

Many companies do not have a Payroll Department to properly handle the essential details of this management. That is why more and more companies are taking the initiative to hire outsourcing services for this at SAR accounting we handle

• Preparation, calculations and review of payroll, based on information provided by the client.
• Preparation and review of the thirteenth month payroll for the Client’s employees.
• Preparation of settlements and documentation required for employment termination.
• Preparation and submission of monthly payroll changes from the pre-prepared payroll to the Social Security Fund (SIPE).
• Preparation and submission of the calculation for the Severance Fund (when applicable).
• Preparation and submission of monthly form 03 payroll.