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Administrative Services

/Administrative Services

FUNDAMENTAL ACCOUNTING

By |2016-11-26T21:06:07+00:00November 20th, 2016|Categories: Administrative Services, Salary Managing, Tax Consulting|

Financial statements are prepared according to agreed upon guidelines. In order to understand these guidelines, it helps to understand the objectives of financial reporting. The objectives of financial reporting, as discussed in the Financial Accounting standards Board (FASB) Statement of Financial Accounting Concepts No. 1, are to provide information that In order to prepare the financial [...]

USES OF FINANCIAL REPORTS

By |2016-11-26T21:06:07+00:00November 20th, 2016|Categories: Accounting, Administrative Services|

Financial statements may be used by different stakeholders for a multitude of purposes. Owners and managers require financial statements to make important business decisions affecting its continued operations. Financial analysis is then performed on these statements, providing management with a more detailed understanding of the figures. Employees need these reports in making collective bargaining agreements with the [...]

EU VAT CHANGES FOR 2015

By |2016-11-26T21:06:08+00:00November 20th, 2016|Categories: Accounting, Administrative Services, Salary Managing, Tax Consulting|

There are two new directives, first for the fast reaction mechanism aimed towards preventing VAT fraud. Second one is for the optional and temporary application of the reverse charge mechanism in relation to supplies of certain goods and services. Quick Reaction mechanism provides the legal basis to the countries that are members of the EU to integrate [...]