Business processes outsourcing and service
«Torch 42», LLC (formerly known as «Dominion») also operating under the registered trademark Torch® — is an outsourcing company, based in Odesa, Ukraine. We have been practicing in the fields of accounting, tax consulting, legal support for business and related services. We work for small and medium sized businesses, as well as for Ukrainian offices of international companies. Our clients represent such industries as: IT, Crewing, Digital Marketing, Video Production, Digital Design, Import trade. Continuous practice since the year 2003.
Accounting
And related
Accounting
And related
Not only do we keep books, account for taxation, submit tax returns, do Invoicing, prepare payroll and payments but also, we provide a range of related services. The local practice went that route and we followed: it is to gather several functions related to business-authorities contacts.
Personnel records
Archive and transfer
Personnel records
Archive and transfer
We keep all mandatory personnel-related records as well as submit all the necessary reporting in compliance with Ukrainian regulations for both: civilian authorities as well as military (as a part of military bookkeeping so to speak). We create all the mandatory body of intercompany personnel-related documents and can act on behalf of the client at transferring personnel records to the employees.
Representation
Authorities and banks
Representation
Authorities and banks
We represent you at tax service, local government bodies and banks. Whether it is an inspection from the tax service or financial monitoring from the bank. We keep your books at our office and invite your inspectors to our place as well, which is acceptable most of the time.
Intercompany reporting
On schedule
Intercompany reporting
On schedule
We prepare intercompany reports for head offices, in compliance with your company standards. Whether it is a quarterly financial statement or a monthly report on personnel payments — we are able to provide you with precise on time information. We are capable of providing raw data as well as a form of preliminary calculations.
Payroll Service
Calculations and payment
Payroll Service
Calculations and payment
We calculate salaries, according to your system or data, as well as accompanying taxes, and prepare all payments. No matter the form of personnel relations you incorporate (straight employment, or independent contracts) we can organize the preparation of scheduled payments and collaborate with your financial representative in order to process payments on strict schedule.
Legal Service
Corporate and general
Legal Service
Corporate and general
To an extent, we cover the role of a general counsel and aid with all the processes of registration of your business in Ukraine. We can manage most of the tasks regarding the registration of your company as well as any operations with the State Register of the companies, agreements, official correspondence with authorities etc. For the cases where our expertise is not sufficient — we recommend local specialists, suitable for the task at hand.
The Skills
We are a dedicated service company aimed at providing complex service for managing your necessary relations with local authorities. We are focused on our business-assisting role and are keen to be a reliable aid for our international clients on Ukrainian soil. We take care of our client’s day to day bookkeeping, tax accounting, personnel records, payment processing, payroll, representation at tax services and other authorities as well as banks. We help navigate local laws and procedures, provide basic legal services, and can quickly involve reliable partners for tasks which are beyond our current competence.
Your foothold in Ukraine
Whether it is a team of developers or a representative office — we’ve got you covered. Describe your presence in Ukraine as you see it fit for your business needs — and we’ll develop, organize, and assist in administration of your business structure. Or the other way around: we’ll describe what’s possible and you choose what suits you best. Also, we have a practical experience in company’s administration within «Diia City» (special legal and tax regime).
Someone to rely on
Within the «division of labor» we picked up administrative skills and have developed working experience in the field of accounting and business-authorities’ relations. We tuned our brains to those sorts of tasks and know a thing or to about how things work here. We can become a reliable part of your broader team should you choose to try some operations in Ukraine as well as act as your first, go-to source of information, related to local matters.
All the rituals
Aside from the day-to-day bookkeeping, accounting, payroll and reporting to the main office, we can do (or organize) all the rituals that local authorities demand from business. Such as tax returns and financial reporting, as well as all kinds of reports to statistics and social security, military bookkeeping, personnel records and all the body of intercompany documents, etc. We know how to do all of it properly and work with clients who prefer to have everything in order and keep peace of mind.