News and content
Invoice Financing – New service from ECIT in collaboration with Primis
ECIT in Iceland has launched a new service in collaboration with Primis that gives companies the opportunity to get invoices paid immediately – in a simple, electronic and flexible way. The service is part of ECIT's strategy to offer solutions that support daily...
Why is professional accounting important for businesses?
Running a business requires planning, clear financial management, and accurate records. Accounting is a key part of this process, but many owners and managers view it as a tedious and time-consuming task. However, a well-functioning accounting system can make a difference...
Financial advice for growing companies
Why is it important? When a company faces growth and stable operating performance, there are many opportunities to expand, improve, and maximize efficiency. However, rapid growth comes with certain financial problems and challenges that are important to address...
Advantages of outsourcing payroll calculations
There are many advantages to outsourcing payroll calculations for companies in Iceland. Payroll calculations can be a major headache for many managers. The task takes time away from other important tasks and the company often becomes dependent on one person to handle it. It is...
Tax calendar for August 2024
All businesses need to have a good overview of public fees and taxes to ensure that operations are by the book. Failure to keep up with deadlines and requirements can result in additional costs in the form of late fees, fines and, if all goes well, more serious...
ECIT Virtus takes over PwC's accounting and payroll services
ECIT Virtus is pleased to announce that we have acquired PwC's accounting and payroll services in Reykjavík. This acquisition is an important part of our strategy to strengthen our operations and expand our service offering to meet the ever-growing needs of our clients...
ECIT Virtus acquires Húnabókhald
Stronger service and increased growth for customers We are excited to announce that ECIT Virtus ehf. has completed the acquisition of the operations of Húnabókhald ehf., which will further strengthen our position in the Icelandic financial market. Húnabókhald's operations will be formally...
Virtus and ECIT join forces.
A major step forward for financial services in Iceland We are pleased to announce that the Norwegian financial services company ECIT AS has completed an agreement to acquire a half-share in Virtus fjármál ehf. According to this agreement, Virtus, which has been a leading...