Blogs about accounting service

What are the documents required to get a license?

08 November 20230

A license may be required from a legal entity or individual entrepreneurs for the implementation of various types of entrepreneurial activity. The economic, legal and organizational basis of the regulation of the system of licenses and permits in the Republic of Azerbaijan is determined by the Law of the Republic of Azerbaijan "On Licenses and Permits". What documents are needed to get a license and how should I apply? The applicant applies to the licensing authority for obtaining a license...

How to do?

How to open a TIN?

04 November 20230

If you also want to open a TIN and don't know what to do, we will tell you about it in this article. According to the AR Tax Code, all individuals and legal entities operating in the territory of the AR can start their activities after receiving a TIN number. The purpose of issuing a TIN number is to register a natural or legal person in the tax authority...

Terms

Why is an audit necessary?

31 October 20230

Audit is an independent verification of accurate and correct financial statements and accounting in economic entities. The term auditor service refers to inspection, analysis, expertise and written opinion in the field of financial and economic activities of economic entities on the basis of a contract, setting up accounting, confirming the accuracy of reporting indicators and providing other services. Economic entities are free to choose an auditor. Owners to auditor...

Tips

What are the main accounting services?

29 October 20230

What are the main accounting services? To talk about this, first "what are accounting services?" and "how can these services be purchased and implemented?" you need to answer questions like In this article, we will clarify the answer to these questions. The first step to growing your business is getting your financial arrangements and planning right. Especially the business owner needs to implement these services...

Tips How to do?

Points to be considered when preparing tax reports

27 October 20230

Imposition and collection of taxes is the main component of the financial activity, which consists of the formation, distribution and use of financial funds of the state and municipalities. The state of financial resources necessary and required to ensure the country's socio-economic development, security and defense capability directly depends on taxation. In this article, the important points that you should consider when preparing tax reports, the submission of tax reports and...

Business terms Legislation

What is income tax? How is the income tax calculated?

25 October 20230

One of the most important questions that everyone asks before starting any business is "What will be my profit or profit here?" is a question. We are sure that everyone who finds the answer to this question is wondering what interest rate and amount of tax should be paid on the profit at the next stage, as well as whether there are any exemptions. In this article, profit, profit...

Legislation Terms

What is a tax liability? How is the tax debt incurred?

23 October 20230

The fulfillment of tax obligations is the payment of tax amounts due in the specified period and in the specified manner. In this article, we will talk about tax debt and its causes in case of non-fulfillment of obligations. In accordance with Article 11 of the Tax Code, taxes are transferred to the state budget and...

Business terms Legislation

What are deductible and non-deductible expenses?

21 October 20230

What are deductible and non-deductible expenses? We will talk about it in detail in this article. According to Article 109 of Chapter X of the Tax Code of the Republic of Azerbaijan, all other mandatory payments are deducted from income, except for expenses that are not deductible from income. All expenses must be justified and confirmed with documents. What are non-deductible expenses? Expenses related to non-commercial activity are not allowed to be deducted from income. Entertainment and food expenses, as well as...

Business terms Legislation

What is a cameral tax audit?

18 October 20230

What is a cameral tax audit? In this article, we will talk about mobile and camera tax audits. Tax authorities conduct tax audits using various methods. The main direction of tax control is checking the correctness of tax returns. During tax audits, information from past and current reports is checked in order to determine the facts of debt or overpayment. Camera tax audit and mobile tax audit...

Business terms How to do?

How should severance pay be calculated?

16 October 20230

What is severance pay and how should it be calculated? What rights does the legislation provide us with this? In this article, we will try to provide detailed information about it. As one of the parties to the employment contract, every employee has the right to use different types of leave (labor leave, social leave, educational and creative leave, unpaid leave) regardless of their profession, position, and duration of the employment contract, and...

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What are the documents required to get a license?

How to open a TIN?

Why is an audit necessary?

What are the main accounting services?

Points to be considered when preparing tax reports

What is income tax? How is the income tax calculated?

What is a tax liability? How is the tax debt incurred?

What are deductible and non-deductible expenses?

What is a cameral tax audit?

How should severance pay be calculated?

05 July 2024Opening accounts for taxpayers

26 June 2024Features of the accountant profession

19 June 2024What is an LLC and how is it established?

12 June 20245 key principles of financial reporting for businesses

05 June 2024Benefits of accounting for entrepreneurs

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