06/02/2018
Control techniques applied to the monthly balance sheet
February 6, 2018 The Tax Protection Manual is a collection of useful information & practical tips for healthy business. In the following we update you with the control techniques of the IRS applied on the monthly accounting balance. You need to know the correlations and checks for a correct monthly balance. The monthly accounting balance…
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cladmin
29/01/2018
Nexia International announces financial results showing a 13% rise in global revenue
29 January 2018 Nexia International (Nexia), a top 10 network of independent accounting and consulting firms, is delighted to report its financial results for 2017, which show total fee income of more than US$3.62bn – an increase of 13% on 2016. This increase in global revenue is a result of consistent growth across the network.…
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cladmin
24/01/2018
Acts necessary to carry out the accounting month by month
January 24, 2018 If you own a company, then you certainly know that it is absolutely mandatory to use the services of an accountant to keep records of the financial-accounting activities of the company. In order to ensure a good conduct of accounting activity, but also to avoid penalties due to delays to state institutions,…
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cladmin
16/01/2018
Filing of Declaration 600 by January 31
January 16, 2018 Filing Declaration 600 – The legal basis is: OPANAF no.4140/2017 prepared on the basis of OUG no.79/2017 for the amendment and completion of Law no.227/2015 on the Tax Code, published in the Official Gazette no.885 of 10 November 2017. Have you obtained as a natural person in 2017 income from self-employment, disposal…
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cladmin
11/01/2018
Investigation and control procedures used in tax inspections
January 11, 2018 The Tax Protection Manual is a collection of useful information & practical tips for healthy business. In the following we update you on the investigation and control procedures used in tax inspections. Once you know them, you’ll be ready for the tax inspection. As stated in the last article of the Tax…
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cladmin
18/12/2017
New Tax Code and income from self-employment
December 8, 2017 The year 2018 will bring a number of tax changes on income from self-employment. Here’s what to remember in the case of income from self-employment: Individuals who simultaneously earn wage income and income from self-employment are no longer exempt from the CASS payment; A globalization will be achieved for the whole year…
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cladmin
13/12/2017
Dividend distribution in 2017 versus 2018
December 13, 2017 If you have profit to distribute and intend to distribute it as dividends now is the time! In 2017 you will pay only 5% representing dividend tax. If you have profit to distribute and you will distribute it in 2018 in the form of dividends you will pay a dividend tax of…
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cladmin
11/12/2017
Imprisonment of up to six years for non-payment of withholding taxes and contributions
December 11, 2017 Recently the Ministry of Public Finance published a new draft normative act that is in tune with the “fiscal revolution”! According to this project the non-retention and non-collection, withholding and non-payment, respectively the collection and non-payment, in whole or in part, with intent, of 32 taxes and contributions will again be criminalized…
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cladmin
04/12/2017
Investigation and control procedures used in tax inspections
December 4, 2017 Knowing the investigation and control procedures used in tax inspections, you can be prepared in optimal conditions for tax inspection. We spoke in a past article about the fact that, before starting the investigation on the ground, i.e. during the period from the submission of the tax inspection notice to the date…
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cladmin
26/11/2017
Global Cybersecurity Report
November 26, 2017 “In a connected virtual world the security of information systems (Cybersecurity) is becoming more and more a zero-degree priority. Through the Global Cybersecurity Report, Nexia International aims to provide an overview, globally, of how organizations perceive the security risks of information systems and what measures they take to prevent or at least…
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