How to do? Archives - Macis Consulting

What is an LLC and how is it established?

19 June 20240

"What is an LLC and how is it established?" If you are interested in such questions, you are at the right address. In this article, we have tried to explain the whole process in a consistent manner. What is an LLC? Limited Liability Company (LLC) is a form of company that operates as a legal entity and whose authorized capital is divided into a certain number of shares. The main advantage of the LLC is that its participants (founders) are not responsible for the company's debts with their personal property; they are...

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5 key principles of financial reporting for businesses

12 June 20240

Financial accountability is one of the main conditions for businesses to be successful. Accurate and transparent financial reporting allows for accurate analysis of past activities and more accurate next steps based on these analyses. Transparent and well-prepared financial statements also attract more attention from investors, lenders and other stakeholders. Accurate display of income and expenses parties...

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7 golden rules for preventing errors in accounting

May 15, 20240

Accounting is one of the important factors that ensure the planning of financial management of businesses and the healthy growth of companies. Accounting errors can lead to serious financial losses for companies. It can also cause problems when solving legal issues. Taking these into account, companies must ensure that accounting processes are carried out correctly. In order to timely prevent the errors that will occur in these processes, some...

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Preparation of financial statements

28 April 20240

It is necessary to go through various stages for the preparation of financial statements. In this article, we talked about these stages and the importance of financial statements. Why is it necessary to prepare financial statements? Financial statements are important documents for measuring the financial and economic performance of a company. Financial reporting, measuring the company's financial health, tracking income and expenses, minimizing expenses and properly planning, organizing revenue growth,...

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Calculation of customs duties with the customs calculator

22 February 20240

The customs calculator is a tool that facilitates the calculation of taxes, commissions or additional costs related to the import or export of goods into the country. This tool is invaluable for international marketing, customs duties, import and export, shipping and other cost estimates. Calculations are based on several...

How to do?Legislation

Terms and rules for extending the tax liability fulfillment period

17 January 20240

The period for the fulfillment of the tax obligation is extended by the Ministry of Taxes of the Republic of Azerbaijan in accordance with the requirements of the Code of the Republic of Azerbaijan and the "Terms and rules for extending the period for the fulfillment of the tax obligation". Cases of changing the period related to the fulfillment of the tax obligation Changing this period to a later period than the one defined by the AR Tax Code is possible in the following cases: Natural disaster or...

How to do?Legislation

Rules for calculation and payment of excise tax

28 December 20230

Excise tax is a type of tax imposed on some mass consumer goods, jewelry, mineral raw materials, and services by including them in the price. Excise rates of goods brought to the territory of the Republic of Azerbaijan are approved by the Cabinet of Ministers and applied uniformly throughout the country. Which goods are subject to excise tax? Goods and passenger cars not produced in the CIS countries are included in Appendix No. 1...

How to do?Legislation

How are the rights of consumers and their protection ensured?

23 December 20230

A consumer is a person who uses goods, works and services to satisfy his personal needs, as well as buys, orders, or intends to buy or order them. In this article, we will provide information about the rights of consumers and their state protection. What rights do consumers have? In accordance with the Law of the Republic of Azerbaijan "On Protection of Consumer Rights", consumers in the territory of the Republic of Azerbaijan have the following...

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Electronic invoice - how is the invoice made and how is it filled out?

21 December 20230

According to the Tax Code of the Republic of Azerbaijan, invoices for goods, works and services registered for the purposes of VAT and provided in connection with entrepreneurial activity are submitted in electronic form. Electronic invoice user manual Electronic invoices (e-Invoice) can be prepared by taxpayers in two ways: "Online mode" - the taxpayer can access electronic services by clicking the "LOG IN" button on the Internet Tax Administration portal...

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What should be done for the installation of POS-terminals in economic subjects?

December 16, 20230

If you want to install a POS-terminal in your business or cancel it, but you don't know how the processes are, you can get detailed information about it in our article. First, let's start with what a POS-terminal is. POS-terminal – a mobile device designed for making cashless and contactless payments and/or receiving cash and provided with the necessary software...

Older Posts

How to do?

What is an LLC and how is it established?

5 key principles of financial reporting for businesses

7 golden rules for preventing errors in accounting

Preparation of financial statements

Calculation of customs duties with the customs calculator

Terms and rules for extending the tax liability fulfillment period

Rules for calculation and payment of excise tax

How are the rights of consumers and their protection ensured?

Electronic invoice - how is the invoice made and how is it filled out?

What should be done for the installation of POS-terminals in economic subjects?

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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