News

Aug

5 Numbers Every Business Owner Should Check Each Month

5 Numbers Every Business Owner Should Check Each Month

It is the last day of the month. The phone keeps ringing, employees are waiting for their salaries, two clients still have not paid their invoices, and one supplier is reminding you about a payment that is already overdue. In the middle of all t...

read more
Jul

Old Employment Contracts Are Becoming Visible: Mistakes Employers Should Eliminate

Old Employment Contracts Are Becoming Visible: Mistakes Employers Should Eliminate

For many years, numerous companies have kept employment contracts in paper form, either in employees’ personal files or in separate folders. Some of these contracts were prepared years ago, while the employee’s position, salary, place of...

read more
Jul

7 Expenses Businesses Pay but Fail to Include in Cost Calculations

7 Expenses Businesses Pay but Fail to Include in Cost Calculations

Many companies are confident that they know the true cost of their products or services. They calculate raw materials, employee salaries, and delivery expenses, then add the desired profit margin to determine the selling price. However, at the end of...

read more
Jul

One Business, Multiple Directions: Which One Is Really Profitable?

One Business, Multiple Directions: Which One Is Really Profitable?

Over time, many companies begin operating in several business directions simultaneously. A trading company may sell both wholesale and retail, a service company may work with clients from different industries, while a manufacturer may have several pr...

read more
Jul

5 Signs Your Company’s Accounting System No Longer Matches the Size of Your Business

5 Signs Your Company’s Accounting System No Longer Matches the Size of Your Business

Your business has grown. Has your accounting system kept up? If reports are prepared at the last minute, the owner does not see the real financial picture, and risks are discovered too late, it may be time to review the accounting system.  ...

read more
Jun

Profit Exists, but There Is No Cash: Where Does the Business Money Go?

Profit Exists, but There Is No Cash: Where Does the Business Money Go?

One of the most common and painful questions business owners ask themselves is this: “If the company is profitable, why is the bank balance not growing?” At first glance, everything seems simple. If sales are growing, expenses are under c...

read more
Jun

When a Contractor Starts Looking Like an Employee: Hidden Risks for Businesses in Armenia

When a Contractor Starts Looking Like an Employee: Hidden Risks for Businesses in Armenia

Many companies in Armenia work with employees, employment contracts, payroll calculations, staff registrations, and HR documentation. At the same time, many businesses also work with another group of people: contractors, service providers, or parties...

read more
Jun

Payroll Mistakes in Armenia: What Can Trigger a Tax Audit

Payroll Mistakes in Armenia: What Can Trigger a Tax Audit

In Armenia, businesses often assume that the main tax risks come from VAT, turnover, imports, or large transactions. In practice, however, the tax authority’s attention can also be drawn to a much more ordinary topic: payroll. Payroll may seem...

read more
Jun

How a Company in Armenia Can Unexpectedly Become a VAT Payer — and Find Out Too Late

How a Company in Armenia Can Unexpectedly Become a VAT Payer — and Find Out Too Late

Imagine a company that has been operating under Armenia’s turnover tax regime for several years. The director believes that the tax model has been selected correctly. The accountant files the required returns on time, there are no unusual movem...

read more