We inform you that the Trade Register is suspending its activity between July 16 and July 25. All applications received will be taken over and prepared by the Organic Consulting team and will be resolved after July 25.
Program
Monday - Friday 9:00 - 17:30
Program
Monday - Friday
9:00 - 17:30
We offer a wide range of accounting services, including financial accounting,
management accounting, preparation and filing of tax returns, tax consultancy,
internal audit, and payroll management. Please contact us for information
additional.
At the first meeting, it is useful to bring financial documents such as balance sheets,
invoices, bank statements, company incorporation documents and any other documents related to
the financial activity of your business.
The frequency of collaboration depends on your business needs. Some companies need
monthly or quarterly accounting, while others require services only at the end of the fiscal year
for preparing the annual financial report and tax returns.
Although accounting software can automate certain tasks, an accountant
professional provides expertise in interpreting financial data, ensuring tax compliance
and optimizing your business finances. The accountant can also help you in situations
complex or facing tax audits.
Tax obligations vary depending on the type of business and the activity it carries out.
developments. Generally, these include payment of micro-enterprise/profit tax, VAT,
income tax, social security contributions and timely filing of tax returns
tax.
Working with a professional accountant is the best way to
ensure that your business complies with all tax regulations. The accountant will monitor
legislative changes, will verify documents and prepare tax returns on time.
As an employer, you must pay social security and pension contributions.
health insurance, payroll taxes, and, in some cases, contributions to pension funds
private pensions. An accountant can help you calculate these taxes correctly and declare them on time.
Yes, many business expenses can be deducted from taxable income, including
expenses related to equipment, salaries, rent, utilities and other costs necessary for
your business. Your accountant can help you identify which expenses are deductible and
to record them correctly.
Late filing of tax returns may attract penalties and interest.
from the tax authorities. It is important to work with an accountant to avoid
these issues and to submit all documents on time.
Setting up a company involves several steps, including registration with the Registry
Commerce, choosing the legal form, obtaining a tax code and opening an account
banking. After incorporation, you need to make sure you have a well-organized accounting system and
that you comply with tax and accounting obligations.
Tax optimization involves identifying all legal opportunities to
tax burden reduction, such as the use of deductions, strategic tax planning, and
efficient cost management. The advice of an experienced accountant is essential for
to implement the best tax solutions for your business.
Taxes can be direct or indirect. Direct taxes include income tax
or profit tax (for companies), while indirect taxes include
VAT (Value Added Tax) and excise duties. Each tax has its own rules
and deadlines.
To avoid penalties and interest, it is important to know and respect
deadlines for filing tax returns and paying taxes.
Both individuals and companies can benefit from tax deductions.
For example, for individuals, deductions may include contributions to private pensions,
education expenses or donations. For companies, expenses related to the activity
Business expenses, such as equipment and salaries, are deductible.
It is essential to ensure that you comply with all local tax rules and regulations.
Any errors or omissions in filing returns or paying taxes may
attracts tax audits, penalties or other sanctions.
A tax expert or accountant can help you navigate the complexities
tax laws and optimize your tax obligations. This may include
identifying all available deductions, long-term tax planning, and
efficient tax management.
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Cancellation of Accessories and Principal Debts through GEO 107/2024: What Taxpayers Need to Know
Recently, the Romanian Government adopted Emergency Ordinance no. 107/2024, a regulatory act aimed at cancelling ancillary and, under certain conditions, main debts for certain categories of taxpayers. The measure comes as a support for individuals and legal entities affected by financial difficulties and aims to facilitate tax compliance and reduce arrears to the state budget.
What does GEO 107/2024 provide?
GEO 107/2024 offers a unique opportunity for taxpayers to cancel their accessory debts (interest and late fees) and, in some cases, even outstanding principal debts.
Who can benefit from GEO 107/2024?
The ordinance is addressed to both individuals and legal entities that have outstanding debts to the state budget. Through this measure, the tax authorities want to reduce the level of indebtedness and support voluntary compliance of taxpayers.
Main categories of beneficiaries:
The main provisions include:
How is the measure applied and what are the necessary steps?
To benefit from the cancellation of accessories and/or main debts, taxpayers must follow a series of steps, including filing an application with the competent tax authority, paying the main debts (where applicable) and complying with the deadlines imposed by the ordinance. It is essential that taxpayers are informed of the deadlines and consult a tax advisor to ensure compliance.
Material prepared by the Regional Directorate of Public Finance Ploiești – AJFP Dâmbovița
Impact on taxpayers and the economy
Through this measure, the government is trying to reduce the financial pressure on taxpayers and increase the level of voluntary compliance, thus contributing to the reduction of tax arrears. In the long term, it is anticipated that this measure will improve the financial stability of taxpayers and facilitate receipts to the state budget.
Interested taxpayers are advised to consult GEO 107/2024 and contact a tax expert to understand exactly what steps they need to follow to benefit from the cancellations provided for in this ordinance.
Material prepared by the Regional Directorate of Public Finance Ploiești – AJFP Dâmbovița
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