The VAT collection system: implications for your business

Micro-enterprise income tax vs. corporate tax in 2023

In 2023, new conditions were introduced for the application of a micro-enterprise tax. Otherwise, instead of the 3% income tax, a 16% corporation tax will apply.

June 27, 2023

Everything you need to know about tax evasion

When setting up your company, you need to be aware of the tax obligations imposed by the state and meet them to avoid being accused of tax evasion. In particular, these obligations apply not only to companies but also to individuals.

The balance sheet: a vital tool for businesses and entrepreneurs

In Romania, every company has to prepare a series of accounting documents every year, and in most cases it is required to prepare a balance sheet and profit and loss account.

How to choose the right online invoicing solution for your business

In today's business world online invoicing solutions have become an essential tool for managing financial transactions. Not only do they help businesses save time and streamline their financial processes, they also provide an improved customer experience.

April 18, 2023

How can you benefit from deductible VAT?

What is deductible VAT? When businesses purchase goods and services for their operations, they pay VAT on these purchases. The VAT differs depending on the activity carried out and can be 19%, 9% or 5%. It must be paid by both natural and legal persons, PFAs, SRLs or PFIs.

April 18, 2023

Electronic invoicing: what it is and how it can help your business

What is electronic invoicing? There's been a lot of talk about e-invoicing lately, but few people really understand what it is/what it is in the absence of clear information.

March 30, 2023

When can you use the blind invoice?

What is the storno invoice? The reversal invoice rectifies a previous transaction by adjusting the original amount. It indicates the amount to be deducted from the previous invoice and always refers to the invoice to be corrected.

March 15, 2023

Differences between insolvency and bankruptcy

Insolvency and bankruptcy are two terms often used together. However, they do not mean the same thing.

February 17, 2023

Everything you need to know about tax evasion

The balance sheet: a vital tool for businesses and entrepreneurs

In Romania, every company has to prepare a series of accounting documents every year, and in most cases it is required to prepare a balance sheet and profit and loss account.

Differences between insolvency and bankruptcy

Insolvency and bankruptcy are two terms often used together. However, they do not mean the same thing.

February 17, 2023

Proforma invoice: what it is and how it can help you

Invoicing is one of the last steps a business takes to achieve its main goal - making a profit.

February 1, 2023

CAEN Code - Why you need it

When the company is set up, in addition to the company name, its CAEN code must also be established. Romanian legislation requires that both organisations and authorised individuals must choose at least one CAEN code in order to carry out their activities.

January 31, 2023

Characteristics of a successful business

There is no "one-size-fits-all" theory for company evolution, however, there are certain characteristics that can help entrepreneurs achieve success in their business. Here are some of the characteristics of a successful business.

January 5, 2023