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A Full Guide to Preparing Primary Documents for Novice Entrepreneurs

What is a primary document? Primary documents are the foundation of any accounting system. They serve as a record of each economic transaction and include documents such as contracts, invoices, bills of lading, certificates of completed works, and others. These documents confirm the fact of transactions and serve as the basis for all subsequent accounting entries and reports.

Home Office: Secrets of Tax Benefits and Expense Reimbursements for Entrepreneurs

In recent years, running a business from home has become increasingly popular, as it allows for savings on office space rent and related expenses. However, many entrepreneurs may wonder which expenses can be accounted for within the home office and how they should be documented. In this article, we will discuss the main aspects related to expense reimbursement and taxation within the home office.

Is AI threatening the accounting profession?

In today's world, technology is increasingly penetrating all areas of our lives, and accounting is no exception. Developments in the field of artificial intelligence (such as the sensational ChatGPT), machine learning and computer technology allow you to automate many tasks and processes that were previously performed manually. But is full automation of accounting possible?

Top 5 questions about minimum wage in 2023

As of January 1, 2023, the minimum wage for an employment contract has changed in Estonia. Instead of 654 euros the new amount became 725 euros gross. We have selected the top 5 main questions that arise when our clients change the amount of the minimum wage every year.

When is the deadline for filing the annual report for 2022?

When is the deadline for submitting the annual report for 2022, if the financial year is a calendar year? In general, the deadline for submitting the annual report is 6 months from the end of the financial year. The business year of the company is specified in the company's articles of association. Example The business year of an enterprise, according to the charter, starts on 01.01 and ends on 31.12.