Corporate income tax law

Corporate income tax or CIT is the direct tax that is basically paid from company profit. Application of the tax is regulated by CIT law, which has been subject to significant changes comparatively recently. Who are CIT payers? The tax is paid by domestic companies, state or

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What is a VAT law?

According to many experts in Latvia, value added tax or VAT is one of the most complex and difficult to calculate taxes. It is also the tax that is most frequently involved in litigation; different explanatory seminars on the VAT are organised, since the application of the

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How are micro-enterprises different?

How are micro-enterprises different?

Micro-enterprises are a form of business activity that is especially suitable for beginners and small companies with comparatively low turnover. Micro-enterprises have slightly lower taxes and relieved conditions of operation. Sole proprietorships, individual undertakings, farms or fishing enterprises, natural persons registered as performers of economic activity, as

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When can accounting advice help?

When can accounting advice help?

If an experienced accountant or even a team of accountants works for a company or institution, it is likely that questions that require expert advice will arise rarely – only in unforeseen situations, but even then the existing team will be able to find answers to them using

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The most popular accounting programs

The most popular accounting programs

In the past, companies and institutions kept accounting records on paper – offices had large cabinets with folders, where the most important data on the financial events of the company was stored from year to year. Nowadays accountants as well can design their offices in minimalist style,

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