Monthly Archives: February 2014

The “invisible date” in the rental agreements – why so important?

In my practice, I have consulted the preparation of various rental agreements and I have noticed that, due to ignorance or understatement of its significance, an important date is usually missed – the “invisible date”, figuratively speaking.

Posted in Taxes, VAT act
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To National Insurance Institute and back, with a sick leave in the hand

Probably it has occurred to everyone at least once that sickness compensation payment from NII (National Insurance Institute) was delayed with weeks. What is the reason from this delay? I will answer this question via the following example:

Posted in Payroll, Software, Temporary disability
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The Accounting Standards – a few issues which no one talks about

No matter if the company applies National Financial Reporting Standards for Small and Medium Enterprises (NFRSSME) or International Financial Reporting Standards (IFRS) or any other accepted accounting standards, a system for their proper and systematic implementation is necessary to be … Continue reading

Posted in Accounting, Accounting practice, Accounting standards, Business, Business process management, Software
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5-day deadline to issue an invoice – yes, but actually no…

Generally, the invoice is issued within five days from the date of occurrence of tax event or an advance payment received. But what happens if the tax event occurred or advance payment was received on 30th July for instance and … Continue reading

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