Accounting firm specializing in executive compensation
Why choose an accounting firm to optimize executive compensation?
Approach and commitments
Executive compensation impacts both your personal situation and the financial health of your company. The amount paid, social status, contributions, dividends, benefits, and profit levels must be analyzed together to avoid incomplete decision-making.
Virtus Group examines your legal structure, your role in the company, your income goals, your available cash flow, and the tax or social implications of each scenario. This approach allows us to compare the actual cost to the company with the income effectively received by the executive.
We provide you with a dedicated contact person to clarify your options, prepare the necessary simulations, and adjust your compensation as your business evolves, without losing sight of compliance and social protection.
Complementary expertise
We address the essential elements of executive compensation, with a particular focus on net income, associated costs, and the company's financial balance.
- Bookkeeping: tracking payments, recording transactions, preparing data for simulations, and monitoring filing obligations.
- Financial management: analyzing the overall cost to the company, available cash flow, and room for maneuver before making any compensation decisions.
- Payroll and HR management: reviewing the executive's status, calculating contributions, accounting for social security coverage, and managing payment-related formalities.
- Legal support: verifying decisions that need to be formalized, rules specific to the legal structure, and documents required for executive compensation.
- Tax optimization: comparing salaries, bonuses, dividends, or benefits based on the executive's personal tax situation and the company's performance.
- Income optimization: finding a balance between immediate income, social security contributions, taxes, dividends, and retaining capital within the company.
- Strategic steering: monitoring withdrawals, earnings, associated costs, and necessary adjustments for future fiscal years.
What tools does an accounting firm use for executive compensation?
An accounting firm must use high-performance tools, such as Pennylane, to centralize accounting data, track payments, and prepare reliable simulations. These solutions make it easier to understand company costs, net income, and the charges associated with compensation.
These technologies improve precision and responsiveness, while giving you a clearer view of your decision-making. This allows you to manage your compensation with greater control, balancing personal income, social security, taxation, and the stability of your company.
What are the costs and timelines for accounting firm services regarding executive compensation?
Costs
Fees depend on your company's legal structure, the executive's status, the number of scenarios to compare, and the desired level of analysis. An initial assessment helps determine the necessary work.
Our services can include compensation simulations, comparisons between salary and dividends, analysis of social security contributions, tax optimization, or tracking payments throughout the fiscal year.
We provide a clear proposal before we begin, so you know the scope of our support and the associated budget.
Duration
The duration of the engagement varies depending on the elements to be analyzed.
A one-off study can be completed in a few weeks once the accounting, social, and tax data are available. More comprehensive monitoring can be ongoing when compensation needs to be adjusted based on results, cash flow, or distribution decisions.
We support you at key moments: setting compensation, closing accounts, balancing dividends, changing status, or shifts in the executive's personal situation.
Virtus solutions
.png)
Testimonial
Contact us to manage your business with peace of mind
Our team is here to answer your questions and offer a solution adapted to your needs.
Feel free to reach out to us for an initial consultation or a quote request.