News
Why is budgeting important for every business?
Year-end is a special time for companies preparing for the coming year. Typically, one of the most important processes for a successful company is the…
Transactions with foreign companies
When foreign company has permanent establishment in Lithuania, it is clear, that it must calculate and pay corporate income tax. Is there are any other…
What makes the free economic zone (FEZ) attractive to investors?
When thinking of creating your own business or developing it, building a factory, logistics center, warehouse, etc., the first thing to look for is a…
Switching Accounting Firms – A Practical Guide
Changing accounting firms can be driven by various factors, and these reasons may vary depending on the specific circumstances of the business or individual. Some…
Why companies are late in submitting their annual financial statements?
Although the deadline for submitting annual financial statements has passed, there are still cases when companies have not yet managed to submit them. One of…
Calculating payroll taxes in Lithuania
Payroll taxes in Lithuania play a significant role in regulating the remuneration of employees. The Labor Code of the Republic of Lithuania provides guidelines for…
CHANGES OF DAILY ALLOWANCES FROM 1ST OF AUGUST 2023
We kindly inform that on 28th June 2023, with resolution No. 504 the Government of the Republic of Lithuania changed resolution No. 526 “On the…
Processes of optimization and workflows
„In a rapidly changing environment of business and technology, the field of accounting could not lag behind the development. Companies which had server based accounting…
Reduce your company‘s taxable profit with investment tax relief
Although the investment tax relief came into force in 2009, only a small number of companies benefited from the exemption and reduced their taxable profits.…