Archive / 4.7 General

RSS feed for this section

Changes in accounting principles

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 […]

Submitting tax forms monthly

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.  (more…)

Your annual tax filings

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 […]

Pledges and collaterals

Something that should be always in your consideration when signing agreements for acquiring, selling or changing the capitalization of the company, i.e. taking a new loan etc. is the question of if you’re allowed to do it.  (more…)

Period end financial statements

Your period end financial reporting (or financial statements) is something that comprises of the most significant statements for your company. When I say “period end” I mean both each reporting period, i.e. a month, a quarter, and the whole reporting period you prepare your Annual Report for (normally a year).   (more…)

Before things go off the rails

When dealing with everyday business you may come upon (or should at least) a question of whether your company is able to continue. Questions you may ask are similar to if there are enough liquid assets to pay up your creditors, is there room for required investments etc. Or possibly also the question whether you’ve […]

What happens if you lost all your documents for transactions and balances for this period?

Stuff happens and as it happens, there’s no reason to think why and how bad it is, but rather just move on. Obviously you should (if needed and possible for the situation) come up with actions to take so this doesn’t happen again, but more importantly, you now need to sort out your statements for […]