The services a company receives depend on many factors:
- If the company is VAT-registered, we must process incoming and outgoing documents and submit a VAT return by the 14th of the month. It is very important that the company provides us with documents for the previous month by the 5th so that we can process the documentation in time. If documents are provided later, there is a risk the VAT documents cannot be processed by the 14th, which will result in a serious NRA fine. A complete set of documents with no missing items is essential - missing a document could lead to fines if we fail to reflect a given income in the VAT return, or mean you pay more VAT because the relevant documents were not attached.
- After the 14th, we process the bank statements you have provided. This is necessary to close receivables from clients and payables to suppliers. The bank statements reflect payments of social insurance and taxes. This is your financial cash flow via banking - documents needed not only by us but also by tax officials during any inspection.
- By the 25th, we must process the salaries of your employees. Declarations 1 and 6 are submitted to the NRA. You need to provide us with all leave, sick notes and maternity documents for your employees. If provided late, there is a possibility they will not be reflected, which may affect employee remuneration. Based on the information provided, we prepare a payroll and supply it to you, along with payment orders for social insurance contributions.
- Each year we prepare the company's annual declaration and annual financial statements by 30 June. This can be done after you have provided all the necessary documents for processing.
- During the year, various situations may arise in your business requiring additional work on our part. In some cases there will be no additional charge, but in others an additional fee may be required.
- Some companies apply for new or renewed credit - we prepare the relevant reports for the bank.
- When the company is VAT-registered, there are cases where VAT is refunded from the state, requiring an NRA inspection.
- The state may also carry out inspections and audits to establish whether the company is compliant. We must note that we bear no responsibility if someone decides to evade taxes and social insurance.
- Another type of service we provide is quite frequent communication with clients on various matters.
- When there are changes in legislation, we notify clients of changes that affect them.
Of course there are other services we provide, but this depends on the client and the specific nature of their business.