Outsourced accounting for companies, branches and permanent establishments of foreign merchants - for day-to-day document processing, filing returns, payroll and preparing the annual report.
Contact usFull-service bookkeeping covers a company's day-to-day accounting, from processing source documents and recording transactions to preparing tax returns, payroll and the annual report.
Depending on the company's activity, the service can also include performing individual accounting functions - for example, preparing specific tax returns, payroll or other accounting work that we agree on at the start of the cooperation.
If needed, accounting services can be arranged either remotely or in person, agreeing on how documents are handed over and the deadlines for the work. During the cooperation, specially prepared reports or data can also be defined if the company needs them for management decisions.
The price is calculated based on how active the company's day-to-day operations are - how many transactions there are, whether there are employees and how complex the bookkeeping is. So a small or inactive company doesn't have to pay for the volume of work needed by a company with regular invoices, payroll and a larger flow of documents.
In the tier selection, one transaction can be an issued or received invoice, a receipt, an employee, the purchase, reconstruction, write-off or revaluation of a fixed asset, a cash transaction order, or five bank payments.
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.
Support when you need to understand a specific accounting question, review how your records are kept, or clear up uncertainties from earlier periods.
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.
The price depends on how complex the company's activity is, the number of monthly transactions and the number of employees. Corsax uses pricing tiers from "Inactive" to "Business", while for larger or more specific companies the price is set individually.
The accountant usually needs information about the company's transactions - issued and received invoices, receipts, bank payments, cash documents, and the data needed for payroll if the company has employees. At the start of the cooperation we agree which documents are needed for your particular company's accounts.
Yes, you can switch accountants mid-year too. In that case it's important to understand the state of the existing records, which documents are available and what information needs to be taken over, so the cooperation can start correctly.
Yes, full-service bookkeeping can include payroll if the company has employees. We set the precise scope at the start of the cooperation, taking into account the number of employees and the specifics of the company's payroll accounting.
Yes - if the company needs specially prepared reports or data for management decisions, this can be agreed during the cooperation. The scope of the reports depends on the accounting data and what information the company actually needs in practice.