Accounting Latvia contact tel:+37126677610
| ACCOUNTING

Other

  • Can you register Latvian company and bank account without personal visit to Riga ?
  • Yes, we can register a company without the need to come to Riga at any point in the process. We will send the documents to you electronically and you would need to go to notary in your country to sign them off. Once you do this, you just need to send originals to our office in Riga. Company will be registered in 1-2 days. It is possible to get VAT Number, open Bank account, and register in State Revenue Service without coming to Riga or Latvia.

  • Why legal address is important ?
  • Legal address is official communication channel with Government institutions and partners (in case of court cases, etc). State Revenue Service (SRS) evaluate reputation of company based on number of criteria, including legal address quality. If your address is included in Risky Group, be prepared to see SRS employees more often and get delays in receiving VAT Number or other services from the Government. Address may become risky on a number of different reasons – building is inhabitant, more than 100 companies registered on the same address, but it is not office building, etc. That is why, if you plan to rent legal address, be sure that your address is good and you receive all the mails coming to the address very fast.

  • What is included in standard package of accounting services ?
  • Standard accounting can be divided into three main blocks. The First block is Documents processing – accountant is checking whether all the documents are submitted, whether they are correctly formed and notify the client if there are any gaps. The Second block is Accounting – accountant make accounting of all transactions using doubly entry system. The third block is Reporting – tax and other reports are prepared in line with legislation requirements and clients’ needs.

  • What are the main factors that influence the price of accounting support ?
  • In order to make it easier for client to understand the pricing, we always connect bookkeeping price ranges to the following indicators for any client:

    • a number of issued and received invoices;
    • a number of employees;
    • an amount of fixed assets;
    • a number of currencies and bank accounts;
    • cash transactions (cash register, cash expenditures);

    Each client is a separate case for us and we try to set up most convenient way of cooperation. Some clients ask us only for standard package, or even partial one. Others want us to do more on their administrative side, like putting payments in the internet bank, preparing and handling employees’ job agreements, etc.

  • What discounts we offer, when and why ?
  • There’s no any fees charged for consultations on the start of cooperation and we do as many iterations with clients as needed in order to develop fair and mutually beneficial accounting services contract. However, we do not give such discounts as first or more months free of charge. Moreover, company registration or other cost related services goes with 100% prepayment. We do it this way because start of cooperation in most of cases involves much more effort from our side until work with client becomes a routine. We consciously work only with reliable and trusted clients, who have no problem to pay and evaluate the work we do for them on the start. Once client proved to us his reliability, he gets volume discounts on accounting, legal and tax advice services, as well as client get significant discounts on our partners’ offers.

  • If I am not satisfied with the services, what are the penalties if I want to cancel the agreement ?
  • Accounting services are based on trust between provider and client. If there is no trust, there is no point to continue and it is better to part ways without undue delay and penalties. We follow these principles and handover process does not take more than 1 month. We will provide full inventory of documents, records, extracts, as well as instruct new accountant on the status and the history.

  • What happens if State Revenue Service inspect my accounting ?
  • Tax Audit by State Revenue Service (SRS) usually is a new experience for our clients. That is why it is important we support them on this stage with additional efforts and resources. In most of cases, SRS inspectors come to our office to check client’s documents and get necessary clarifications. We prepare the documents and client and try to be with the client once clarifications are given. We also negotiate with SRS on the points what we consider true. We try to build good working relationships with SRS and client and help everyone to do their job according to the law.


Other

  • Can you register Latvian company and bank account without personal visit to Riga ?
  • Yes, we can register a company without the need to come to Riga at any point in the process. We will send the documents to you electronically and you would need to go to notary in your country to sign them off. Once you do this, you just need to send originals to our office in Riga. Company will be registered in 1-2 days. It is possible to get VAT Number, open Bank account, and register in State Revenue Service without coming to Riga or Latvia.

  • Why legal address is important ?
  • Legal address is official communication channel with Government institutions and partners (in case of court cases, etc). State Revenue Service (SRS) evaluate reputation of company based on number of criteria, including legal address quality. If your address is included in Risky Group, be prepared to see SRS employees more often and get delays in receiving VAT Number or other services from the Government. Address may become risky on a number of different reasons – building is inhabitant, more than 100 companies registered on the same address, but it is not office building, etc. That is why, if you plan to rent legal address, be sure that your address is good and you receive all the mails coming to the address very fast.

  • What is included in standard package of accounting services ?
  • Standard accounting can be divided into three main blocks. The First block is Documents processing – accountant is checking whether all the documents are submitted, whether they are correctly formed and notify the client if there are any gaps. The Second block is Accounting – accountant make accounting of all transactions using doubly entry system. The third block is Reporting – tax and other reports are prepared in line with legislation requirements and clients’ needs.

  • What are the main factors that influence the price of accounting support ?
  • In order to make it easier for client to understand the pricing, we always connect bookkeeping price ranges to the following indicators for any client:

    • a number of issued and received invoices;
    • a number of employees;
    • an amount of fixed assets;
    • a number of currencies and bank accounts;
    • cash transactions (cash register, cash expenditures);

    Each client is a separate case for us and we try to set up most convenient way of cooperation. Some clients ask us only for standard package, or even partial one. Others want us to do more on their administrative side, like putting payments in the internet bank, preparing and handling employees’ job agreements, etc.

  • What discounts we offer, when and why ?
  • There’s no any fees charged for consultations on the start of cooperation and we do as many iterations with clients as needed in order to develop fair and mutually beneficial accounting services contract. However, we do not give such discounts as first or more months free of charge. Moreover, company registration or other cost related services goes with 100% prepayment. We do it this way because start of cooperation in most of cases involves much more effort from our side until work with client becomes a routine. We consciously work only with reliable and trusted clients, who have no problem to pay and evaluate the work we do for them on the start. Once client proved to us his reliability, he gets volume discounts on accounting, legal and tax advice services, as well as client get significant discounts on our partners’ offers.

  • If I am not satisfied with the services, what are the penalties if I want to cancel the agreement ?
  • Accounting services are based on trust between provider and client. If there is no trust, there is no point to continue and it is better to part ways without undue delay and penalties. We follow these principles and handover process does not take more than 1 month. We will provide full inventory of documents, records, extracts, as well as instruct new accountant on the status and the history.

  • What happens if State Revenue Service inspect my accounting ?
  • Tax Audit by State Revenue Service (SRS) usually is a new experience for our clients. That is why it is important we support them on this stage with additional efforts and resources. In most of cases, SRS inspectors come to our office to check client’s documents and get necessary clarifications. We prepare the documents and client and try to be with the client once clarifications are given. We also negotiate with SRS on the points what we consider true. We try to build good working relationships with SRS and client and help everyone to do their job according to the law.



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