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. ...
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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...
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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...
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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...
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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...
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It Usually Starts with Something “Temporary” In many businesses, this story begins very innocently. The company director urgently needs to make a payment. The corporate card is not available at that moment. Or money gets...
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Many business owners still perceive tax audits as something random or based purely on luck. One company gets audited, another operates quietly for years. One business receives requests from the tax authorities, while another never seems to attra...
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Many entrepreneurs still view a bank account simply as a tool for moving money. Funds come in, payments go out, transfers are completed - and that seems to be the end of the story. But under modern tax control systems, a bank account is...
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Many entrepreneurs have a misconception about tax audits. They believe that at some point a company simply “gets unlucky,” the system randomly selects it, an inspector becomes interested, and the business receives an aud...
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Opening a business in Armenia remotely sounds simple and attractive - especially for foreign founders. The registration process is fast, the tax system is relatively clear, and the country remains a convenient hub for working with intern...
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Why “everything is correct” doesn’t always mean “efficient” Introduction: when everything seems right – but isn’t In many companies, there is a sense of control: accounting is accurate, report...
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If you look at how marketplace sellers manage their accounting, a very familiar pattern tends to appear. At first, the business grows: sales increase, new orders come in, turnover expands. At this stage, the focus is usually on logistics, produc...
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