5 ways to make your business financially sustainable
The financial strength of a business - like that girl from the 2000s memes - is hard to find and easy to lose. Especially if you don’t know what indicators…

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5 ways to make your business financially sustainable
The financial strength of a business - like that girl from the 2000s memes - is hard to find and easy to lose. Especially if you don’t know what indicators…

Continue reading →

8 reasons why a business is losing money out of the blue
When we start working with financial accounting in companies, the first thing we do is collect basic reports. Thus, we digitize the company. And thanks to this digitization, it is…

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Profit and loss statement: how much your business earns
Every businessman wants to know his profit and manage it. A tool called the income statement (OPI) helps to calculate it correctly. We tell you what it is, why it…

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How to get a tax deduction
Mortgages are now in great demand and many banks offer borrowers different conditions. It often happens that you take a mortgage at one percent, then time passes and another bank…

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investment project

Cancellation of imposed insurance

The problem with the imposition of insurance on citizens has been taking place for more than a year. Anyone who has ever had to take a loan knows that the bank manager stubbornly offers insurance services to the last. The reason is simple – it is an important source of income for banks.

But formally do not dig: the bank and the insurance company are different legal entities. Theoretically, you can insure in any company. But only with the approval of the loan then problems may arise. But in person, and even more so in writing, no one will confirm that the denial of a loan is associated with the choice of another insurer. Continue reading

Someone turned in a report for you: how scammers use business to their advantage

Some entrepreneurs outsource bookkeeping to professionals to keep records and submit reports. This is a normal situation. But sometimes reports are submitted by unknown people. This is an abnormal situation that can cause problems. We tell you how it happens and what to do to protect it.

How does the system work and where is the weak point in it?
The system works in such a way that the business independently reports the tax amount of tax payable. Entrepreneurs keep records, submit declarations and indicate there how much they owe. After that, the tax authorities compare the figures with each other and sometimes with their own data. Continue reading

Profit and loss statement: how much your business earns

Every businessman wants to know his profit and manage it. A tool called the income statement (OPI) helps to calculate it correctly. We tell you what it is, why it is needed, how it is arranged, how to conduct it and how to use it.

What is OPiU
The Profit and Loss Statement (OPI) is a table that reflects the revenue of a business and the expenses it incurred to earn it. The difference between them is profit or, if it has a negative value, loss. Continue reading

Production accounting in "1C: Management of our company 8"
Capabilities for production accounting "1C: Management of our company 8" allows you to perform comprehensive production accounting - order and serial. With the help of the program, you can control…

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How do I get multiple deductions in one year?
Let us remind you that the tax deduction gives you the right to return the income tax previously paid to the budget or reduce the tax payable. You can get…

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Inheritance of shares in LLC
Shares in an LLC are inherited in the standard manner, like other property, including by will, inheritance contract. At the same time, partners often discuss what rights the heirs will…

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