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Banking and finance

Best accounting services in Luxembourg

Accounting services in Luxembourg is an essential function in any company, regardless of the size or type of business, and an in-house accounting department can cover it or it can be outsourced to external accounting services.

Last time updated
23.12.24

Managing finances is a task that's hard to outsource. After all, even a single mistake in bookkeeping or accounting can cost a company time, significant money, lead to tax issues, and even harm its reputation. How can you find not just contractors but true partners offering reliable accounting services in Luxembourg to handle your company's reporting and shield you from potential pitfalls? Discover this in our top accounting services list. It features only trusted companies that excel in bookkeeping, tax compliance, and financial management—so you can focus on growing your business.

Overview of accounting services in Luxembourg

By May 2024, Luxembourg managed investment funds worth €5.5 trillion, ranking second globally and first in Europe. Over 55% of cross-border funds from more than 80 countries are registered here, and 70% of the world's largest asset management companies have chosen Luxembourg as a domicile for their funds. How has Luxembourg become Europe’s leading financial hub and a true magnet for investment funds? The answer lies in its rare political and economic stability, coupled with attractive regulatory conditions.

Naturally, with such a high concentration of capital, dozens of companies offering accounting services in Luxembourg are established every day. Our list will help you make the right and informed choice.

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How account services can help an entrepreneur run a business

Accounting services have an important role to play as they ensure the proper financial management of a company by keeping an accurate record of all transactions and facilitating strategic decision-making. However, this is not their only advantage, these services are very important for many other reasons, some of the most relevant are the following:

Planning and forecasting

accounting services allow companies to develop budgets and forecasts.

Strategic decision-making

accounting services provide accurate financial data that allow owners and managers to make informed decisions about investments, expansions and other strategic issues.

Performance evaluation

accounting services enable companies to evaluate their financial performance, identify areas for improvement, and make year-over-year comparisons.

Tax compliance

Accounting services prepare and file the necessary tax returns accurately and on time, ensuring compliance with tax laws and avoiding penalties and fines.

Fraud detection

Accounting services can identify and prevent fraudulent activities through internal audits and periodic reviews of financial records.

Audit preparation

accounting services facilitate the organization and presentation of financial information when an audit is required.

Tax optimization

accounting services have the ability to advise companies on tax strategies that can legally reduce tax burdens.

Financing support

accounting services help companies to have accurate and well-organized documentation which allows companies to obtain loans or financing from financial institutions or other actors in an easier way.

As for the services offered by accounting firms in Luxembourg, we can say that they are very wide and varied, some of them are the following:

  • General accounting
  • Preparation of financial statements
  • Tax consultancy
  • Tax compliance and filing
  • Financial and budgetary planning
  • Risk management consulting
  • Internal and external audit
  • Payroll services
  • Investment fund accounting
  • Mergers and acquisitions consulting
  • Corporate structure advisory
  • Regulatory compliance support
  • Accounts payable and receivable management
  • Investor reporting

How to choose an accounting firm in Luxembourg

The offer of accounting services in Luxembourg is quite wide so it is sometimes difficult to choose between one or the other, here are some of the criteria to take into account when choosing:

Experience and specialization
make sure that the firm has experience in your specific sector as financial and tax needs may vary according to the industry.
Reputation and references
check reviews and references from previous clients to assess the reliability and quality of the firm's or accountant's service.
Services offered
not all accounting firms offer the same services, although generally they all offer basic services, it is possible that your case may require specialized or particular services, so consider verifying that the firm offers a wide range of services including those that your business needs or may need in the future.
Technology and accounting software
the use of technological solutions facilitates the management of accounts and allows access to more efficient and transparent solutions. However, it is essential to ensure that these solutions are adapted to the company's IT infrastructure.
Costs and fees
compare rates to make sure they fit your budget, taking into account the cost-benefit ratio of the services provided.
Personalized attention
choose a firm that offers a close relationship and adapts its services to the specific needs of your company.
Accessibility and communication
it is important that the firm or accountant is accessible and maintains fluid communication to resolve doubts and attend to urgent matters.
Certifications and training
verify that the accountants have the necessary certifications and that its members have continuous training that allows them to keep abreast of the latest changes in regulations.
Show all

Top accounting services in Luxembourg

At this point you will probably want to find out which are some of the best accounting firms in Luxembourg, well, without further preamble we will start our list.

EasyBiz

EasyBiz offers accounting services that combine fiduciary expertise with a digital platform to simplify accounting management. It handles all tax obligations and timely tax filings, while providing access to expert accountants via live chat with quick responses. In addition, it offers real-time interactive reports to provide clarity on the cash flow and financial status of the company.

Wide range of services
Incorporation services
Professional accounting services
Experienced team
Tax filing
Payroll
User-friendly software
Chat support with a dedicated accounting team

The company's platform includes intuitive tools for managing invoices and documents, automatically linking bank transactions and contacts. EasyBiz also ensures tax compliance with reminders and assistance in filing tax and VAT returns. In addition EasyBiz has a strong focus on security and ensures RGPD compliant storage of all documents.

Perfect for:

  • Founders who wish to free up their weekends from financial administration
  • Business owners who appreciate high-quality personalized service
  • Companies seeking to expand their business in Luxembourg

Special Offer! Exclusively for our readers: get your first month of accounting free with the promo code LUXTODAY — Just provide the promo code to your manager after registration.

  • Passport, valid for at least 3 months after the expiration date of the requested visa. With at least two blank pages.
  • Passport, valid for at least 3 months after the expiration date of the requested visa. With at least two blank pages.
Good location
Offers professional training
Wide range of services
Human-sized company
TPE-PME focused
Wide range of services
Additional services outside accounting
International company

In Extenso focuses on accompanying TPE-PMEs by helping artisans, traders, entrepreneurs and associations at every stage of their development, from the creation to the management and expansion of their activities. Its services cover accounting, taxation, management, legal advice and much more.

Wide range of services
Additional services outside accounting
Experienced team
25 years of experience

Lereboulet Associes is not only an accounting firm, the company offers services to professionals and individuals on all legal obligations, including accounting obligations but also tax, social and legal obligations.

Additional services outside accounting
Wide range of services
Experienced team
Human-sized company

 They have a team of about 120 employees which makes of RSM in Luxembourg a solid mid-sized organization.

Additional services outside accounting
Wide range of services
International company
Global reach with local focus

The services provided by RSM in Luxembourg include audit, fund management and financial services, as well as specific payroll and human resources solutions. In the area of Tax & Accounting, RSM Tax & Accounting Luxembourg offers tax advice and compliance, bookkeeping, financial statement preparation, corporate administration and domiciliation services. The Luxembourg division specializes in the Luxembourg tax environment, providing solutions adapted to the legal particularities of the country.

Additional services outside accounting
Wide range of services
Personalized approach
Presence and experience in Belgium

Beyond accounting, Devaux & Associés provides assistance in administration and payroll management, offers domiciliation services and handles the incorporation and management of various corporate structures, such as SA, SARL and Soparfi. The firm stands out for its personalized approach and its ability to adapt to the specific needs of each client, ensuring optimal financial management and rigorous compliance with legal and tax obligations in Luxembourg.

Additional services outside accounting
Wide range of services
Family business
Personalized approach

In the field of accounting, Agir Luxembourg takes care of the complete management of corporate finances and includes a wide range of services and ensures compliance with tax obligations and the preparation of accurate financial statements. In addition, they provide other services outside pure accounting such as advice on the creation, management, and dissolution of companies, as well as on the securitization of assets.

Agir Luxembourg's approach allows clients to work with a single trusted partner to meet all their financial and administrative needs and Agir Luxembourg's philosophy is based on adaptability and personalized attention.

faq

Frequently Asked Questions (FAQ)

How can I choose the right accounting firm for my business in Luxembourg?

Do accounting firms in Luxembourg offer digital or online solutions for financial management?

Can small businesses benefit from comprehensive accounting services in Luxembourg?

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We took photos from these sources: Getty Images on Unsplash

Authors: Luz
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