Accounting services for CSOs
We provide full accounting support for CSOs , collect the necessary foundation documents, ensure the correct collection of donations and sponsorships, and issue the annual report.
Foundation of CounSep
The Social Cooperative Enterprise (SOE) is a type of company that operates in the context of the social and solidarity economy, according to Law 4430/2016 . There are three categories of CSOs: integration, social care and productive purpose.
For the establishment of an integration JSC, the participation of at least 7 persons is required, while for a JSC of collective and social benefit, the participation of at least 5 persons is required. KoinSEp submits an application for registration to the Register of Social and Solidarity Economy Bodies of the Ministry of Finance , and as soon as this is approved, annual, regular and extraordinary obligations are activated in the legal framework that the cooperative business is part of.
Social Security taxation
Social Cooperative Enterprises (SOEs) are taxed at a rate of 29% on profits, from the first euro. However, up to 35% of their profits – before taxes – paid to employees is considered gross income from employment and is deducted when determining the net profits of the business. The registration fee is 500 euros per year, but there is an exemption for their first five years of operation. Finally, the members of the CounSEp do not have to be insured with the EFKA.
CounSEp funding
Social cooperative enterprises (SOEs) are able to apply for grants from government agencies, private foundations and companies, which can finance specific projects or ongoing actions. In addition, programs such as the NSRF allow CSOs to receive subsidies , which can range from 45% to 60% (subject to conditions), providing significant financial support to public benefit initiatives.
CounSEp funding
- Preparation and submission of annual financial statements
- Preparation and support during tax audits
- Registration of all financial transactions, according to accounting standards
- Submitting VAT returns, income tax and other forms
- Management of insurance obligations of members and employees
- Strategic advice for social business development
- Employee payroll management services
- Consulting for obtaining grants (ESPA, private or corporate donations, etc.)
