Accounting consulting
Accounting consulting for companies, branches and company managers - for resolving everyday accounting questions, assessing unexpected situations, understanding tax consequences and preparing a clear plan of action.
Contact us
Accounting consulting for companies, branches and company managers - for resolving everyday accounting questions, assessing unexpected situations, understanding tax consequences and preparing a clear plan of action.
Contact usEvery company in Latvia has to keep accounts, whether it's done by an employee, an outsourcing provider or the manager themselves - yet day-to-day work tends to throw up questions where the usual routine isn't enough. Accounting consulting helps you understand how to act both in ordinary work situations and in moments when the company faces a transaction, an error or an audit it hasn't encountered before.
Corsax helps assess questions about preparing and filing the annual report, recording local and international transactions, tax calculations, lawful tax planning, payroll and overtime calculations, dividends, correcting accounting errors, accounting policies, internal control and understanding management reports. A consultation may also be needed when making a first export transaction, when a material error is found in the annual report, or when a quick and well-founded decision has to be made during a VID audit.
A company can resolve many accounting questions itself, given clear procedures and enough experience - but in a tense moment it matters to have someone to ask. Behind every invoice and every consultation there are specific people, so our task is to help you understand the situation, weigh the risks and take action that fits the company's actual transactions.
Accounting prices are split into tiers based on your company's activity and workload. So from the start it's clear what drives the monthly fee and how much service you actually need.
Day-to-day bookkeeping rarely stands apart from tax, so your accounting data, tax returns and the consequences of transactions are looked at together. That helps spot, in good time, the situations where a document needs not just recording but a proper look at its impact on the company.
They say a good accountant is one you barely notice day to day, because the returns are filed, the documents are in order and the State Revenue Service (VID) stays quiet. That's exactly how we see our work - the accounting routine should be organised so it doesn't demand your constant attention.
We provide accounting and tax support both in everyday bookkeeping and in situations that call for weighing up a transaction, a State Revenue Service (VID) matter or an uncertainty from an earlier period. Not every question is complicated, of course - but it matters that, when one comes up, there's someone to ask.
For companies that want to hand an outsourced accountant their day-to-day document processing, tax-return filing, payroll and annual report preparation.
Assessing tax matters before transactions, during communication with the State Revenue Service (VID), or whenever regulatory changes could affect your company's decisions.
Help preparing the documents to set up a Latvian limited company (SIA) and explaining the essentials, so you can start operating on a solid footing.
Valuation services for Register of Enterprises filings, for substantiating transaction prices, and for valuing intellectual property, shares, equity stakes or other contributions in kind.
In an export transaction it's important to understand who the counterparty is, which documents support it and how the transaction should be reflected in the accounts. In a consultation we help assess the specific situation and explain which tax and accounting matters to consider before the transaction.
First, the nature of the error, the period and its effect on already-submitted reports or returns must be established. We help you understand whether the error can be corrected in the existing records or whether an amendment is needed, and how to document the chosen solution.
At a moment like that it's important to act calmly and understand which documents are being requested and which period the questions concern. In a consultation we help assess the situation, prepare an explanation and work out how to answer the questions raised during the audit.
It's worth thinking about the annual report in good time, not only when it's already due, because the report draws on the whole year's accounting. In a consultation we help you understand which documents and data to check, how to assess open questions and how to prepare for filing the report.