The questions below are the ones we hear most often from new clients who assumed the 50 000 EUR threshold was the whole story. A Latvian company may generally remain outside the VAT register while its qualifying domestic turnover stays below 50 000 EUR during the...
Starting in 2025, new Value Added Tax (VAT) registration rules will come into effect, impacting both businesses and self-employed individuals. To avoid unexpected tax liabilities and potential penalties, it is essential to understand who is required to register in the...
In today’s world, where business boundaries are becoming increasingly blurred, many companies are striving to expand their operations beyond their home countries. Latvia, with its advantageous geographical position and favorable economic policy, attracts the attention...
Accounting plays a key role in successful financial management for any company. Accounting errors can lead to a misrepresentation of the company's financial position, which in turn can lead to incorrect management decisions and financial losses, as well as affect the...
Choosing the right accounting software is a crucial step for optimizing the financial management of any business. Automating processes, ensuring data accuracy, and saving time are just some of the advantages of making the right choice. In this article, we will discuss...
Accounting is an important part of any business. It ensures compliance with regulatory requirements and helps you make sound financial decisions. However, accounting can be a time-consuming and complex process that requires specialized knowledge and skills....
Accounting services are an integral part of running a business for any company in Latvia. Every manager asks themselves the question, how to choose the right accountant and not overpay for accounting services? In this article, we will consider 5 main factors that you...
An accountant is an important employee for any business. They are responsible for maintaining accounting records, preparing financial statements, and overseeing a company's finances. Therefore, choosing an accountant is a responsible decision that can affect the...
Accounting is an integral part of running a successful business. For aspiring entrepreneurs, understanding the fundamentals of accounting can be a crucial factor in making informed decisions and ensuring financial stability. This article will delve into the key...
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