Accurate, transparent, and fully compliant accounting is essential to the long-term health of any business especially within the framework of Portugal’s tax system. One of our clients recently approached us to transition their accounting to our Madeira-based team after experiencing serious mismanagement by their previous provider.

Following an initial audit, we uncovered several critical issues: disorganized documentation, missed mandatory submissions, and multiple errors and omissions in the general ledger. These lapses had led to tax penalties, compliance delays, and heightened exposure to regulatory scrutiny.

Our team initiated a structured, in-depth recovery process. We collected all available documents bank statements, invoices, contracts, archived reports and thoroughly reviewed each item. Every transaction was verified, categorized, and entered into certified accounting software in full alignment with Portuguese tax regulations. We worked closely with the Portuguese Tax Authority (Autoridade Tributária e Aduaneira), submitting revised declarations for prior fiscal periods and preparing detailed reports to explain discrepancies. While previously applied fines remained in place, our clarifications helped prevent additional penalties and ensured all future filings were accurate and compliant.

If your business is dealing with accounting gaps, late submissions, or regulatory risk, it’s critical to act quickly. Our team offers:

• Full recovery of financial records
• Tax and legal compliance across all fiscal areas
• Ongoing accounting support in Madeira and mainland Portugal

Let us help you regain control and move forward with confidence.

Contacts

If you need any assistance, don’t hesitate to contact us.
Our team is ready to support you.