As you’ve noticed, our equity includes a line item called as ‘Share premium’. What is this premium?
A share premium comes into the equation once we decide to pay contributions into the share capital. A mere payment into the capital is of course an option but as it is, there are often times when it’s not wise to put all the money into the capital due to reasons we’ve mentioned before. Continue reading
As a general background, accounting principles are what you select for your company as a framework based on which you start recording your accounting entries, reporting on your results. The question one might have is whether accounting principles once chosen can be changed and I don’t mean changed entirely like you’d change from your local accounting principles to international ones for instance, but if the accounting framework you’ve applied gives you a chance to choose between accounting treatments for certain areas. Continue reading
There are certain tax filings you’d have to submit at least or definitely once a month. I say ‘at least’ since for some taxes there might be an option to choose whether you submit the forms once a month, once a quarter or even less often, once a year. Continue reading
Something that you inevitably have to prepare once a year are your official reporting apart from the annual report. There are filings such as statistics, employee related (depending on your local legislation of course), but almost certainly there are tax reporting (or tax filings) you have to prepare and submit to tax authorities once a year. Yes, some are prepared once a month, others once a quarter, but there are almost always some tax filings you’d have to submit once a year and not more often. Continue reading
Your everyday accounting routines are essentially driven from your locally accepted accounting policies. Your local accounting policies lay the framework on which you base your reporting, your policy choices and how things ought to be. Continue reading