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...

Հիշեցնում ենք հարկային հաշվարկների ու հաշվետվությունների ներկայացման ժամկետների մասին

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...

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...

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.  ...

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...

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...

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...

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...

Why Mixing Personal and Business Expenses Becomes a Tax Problem in Armenia It Usually Starts with Something “Temporary”

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...

Why Some Companies Rarely Face Tax Audits While Others Quickly Attract Tax Authority Attention in Armenia

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...

What Tax Authorities Actually “See” Through Your Bank Account

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...