Accounting & Finance · Panama

Finances in
balance.
Businesses
that grow.

Strategic accounting solutions for businesses in Panama. Tax compliance, financial structure and peace of mind — all in one place, in English or Spanish.

5.0 ★Google rating
<24hResponse time
Our Specialties
  • General Accounting & Financial Statements
  • DGI Tax Filings — Income Tax, ITBMS, Estimated Tax
  • Company Formation & Business Registration
  • Financial & Administrative Advisory
  • Audit & Accounting Review
Licensed · Certified · Registered CPA
What we offer

Services designed
for your business

From startups to established companies, we deliver accounting solutions adapted to Panama's tax and regulatory reality.

01

General Accounting

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  • Recording and classification of accounting transactions
  • Preparation of financial statements
  • Bank reconciliations
  • Account analysis
  • Monthly and annual closings
  • Clean-up and organization of overdue bookkeeping
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02

Tax Services (DGI)

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  • Income tax returns for individuals and corporations
  • ITBMS (VAT) filings
  • Estimated tax returns
  • Withholding calculation and filing
  • Procedures and filings before the DGI
  • Tax clearance certificates (paz y salvo)
  • RUC / NIT updates
  • Tax compliance advisory
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03

Company Formation & Business Registration

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  • Registration as individual or legal entity
  • Guidance for opening a company
  • Tax formalization advisory
  • DGI registration and initial procedures
  • Electronic invoicing setup
  • Initial administrative organization
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04

Financial & Administrative Advisory

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  • Business financial organization
  • Income and expense control
  • Budgets and cash flow
  • Profitability analysis
  • Administrative process structuring
  • Individual and corporate tax returns
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05

Audit & Accounting Review

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  • Review of accounting records
  • Audit support documentation
  • Organization of accounting files
  • Resolution of accounting observations
  • Balance and subledger validation
  • Support for internal and external audits
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06

Accounts Payable & Receivable

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  • Accounts payable control and recording
  • Supplier payment scheduling
  • Accounts receivable control
  • Outstanding balance follow-up
  • Account statements and reconciliations
  • Supporting documentation management
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07

Certifications & Accounting Documents

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  • Income certifications
  • Taxable income certifications
  • Accounting letters for banks
  • Financial references
  • Certifications for immigration or banking procedures
  • Preparation of accounting reports
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08

Services for Entrepreneurs & Freelancers

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  • Advisory for independent workers
  • Organization of professional service income
  • Deductible expense tracking
  • Annual tax return preparation
  • Correct invoicing guidance
  • Monthly accounting support
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Who it's for

We work with
different profiles

Entrepreneurs

You're launching your business and need accounting structure from day one, without getting tangled up with the DGI.

Freelancers

Professionals, freelancers and consultants who invoice for services and need to file taxes correctly.

SMEs

Growing companies that need monthly accounting, payroll, ITBMS and reports to make decisions.

Expats in Panama

Residents and international companies that need local, English-speaking guidance through Panama's tax system.

How we work

A simple,
transparent process

01
Initial Assessment

We talk about your company, current tax situation and goals. No commitment, no cost.

02
Tailored Proposal

We present a clear service plan with defined scope and transparent fees.

03
Digital Onboarding

We connect your systems, access documentation and organize your initial accounting records.

04
Ongoing Support

Monthly reports, tax alerts and periodic meetings so you're always up to date.

Accounting isn't an expense — it's your company's compass.

5.0 ★Google reviews
CertificationCPA · CPA ASSOCIATION
Why choose us

Experts in the
Panamanian reality

Deep local knowledge

We master the regulations of the DGI, MICI, CSS and the Superintendency of Banks. No tax surprises.

Technology + human touch

Cloud platforms for real-time reporting, combined with personalized advice from certified accountants.

Guaranteed confidentiality

Your financial information is protected under strict privacy and confidentiality protocols.

Fast response

We reply within 24 hours. Your financial peace of mind can't wait.

Up to date with Panama

Tax & accounting
news 2026

The most important tax, accounting and regulatory updates affecting your business in Panama.

FAQ

Answers to the most
common questions

If you can't find the answer to your question, write to us directly and an advisor will contact you within 24 hours.

Ask a question
Do you work with both individuals and corporations?

Yes. We serve both profiles: individuals (employees, freelancers, independent professionals) and legal entities (corporations, LLCs, companies of any size).

How much do your services cost?

Every case is different. After a free initial assessment, we present a tailored proposal with transparent fees based on the scope of work. No surprises.

What if my bookkeeping is behind?

No problem. We clean up and organize overdue accounting, regularize your standing with the DGI and prepare supporting documentation. We help you catch up, no judgment.

Do you handle DGI electronic invoicing?

Yes. We assist with enrollment and integration into the e-Tax 2.0 system, mandatory for all general-regime taxpayers since January 2026.

Do you work with businesses outside Panama City?

Of course. We operate 100% digitally when needed: cloud documentation, video meetings, online reports. A client in Chiriquí, Colón or David gets the same quality.

How long does onboarding take?

Between 5 and 10 business days, depending on the state of your current records. During onboarding we organize access, documentation, systems and communication channels.

Write to us

Tell us about
your business

Fill out the form and we'll contact you within 24 hours. No commitment, no hidden costs.

  • Free initial consultation
  • Reply within 24 hours
  • Personalized advice for your case
  • Individuals and corporations welcome
Prefer direct contact?
+507 6727-3340 info@thebalanceco.net

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Let's talk

Ready to get your
finances in order?

Book a free 30-minute consultation. No commitment, no fine print. Just an honest conversation about how we can help you.