The VAT collection system: implications for your business

Proforma invoice: what it is and how it can help you

Invoicing is one of the last steps a business takes to achieve its main goal - making a profit.

February 1, 2023

CAEN Code - Why you need it

When the company is set up, in addition to the company name, its CAEN code must also be established. Romanian legislation requires that both organisations and authorised individuals must choose at least one CAEN code in order to carry out their activities.

January 31, 2023

Payment or collection order?

What is a payment provision?

January 5, 2023

Characteristics of a successful business

There is no "one-size-fits-all" theory for company evolution, however, there are certain characteristics that can help entrepreneurs achieve success in their business. Here are some of the characteristics of a successful business.

January 5, 2023

What is turnover and how is it calculated?

If you have a business or want to start your own, you should know that turnover is extremely important for determining profit and calculating taxes.

December 12, 2022

The tax voucher and its contents

What is the tax voucher? The tax receipt is issued by cash registers and is used as proof of receipts made by the operator.

November 18, 2022

Dividend tax in Romania in 2023

Dividends are payments a company makes to share profits with its shareholders.

November 10, 2022

Guide to drawing up a business plan

Having a business plan in place can determine the success of your business, as this structure lays out all the details of your company's concept and strategy - the products or services of your company, how you make money (or how you intend to make money), management and staff, financing, operating model and more.

Taxes and declarations for an LLC in 2022

A commonly used legal form in Romania is the LLC. In short, it is a company that offers limited liability to its founders, up to the limit of the capital invested by them.

Payment or collection order?

What is a payment provision?

January 5, 2023

The tax voucher and its contents

What is the tax voucher? The tax receipt is issued by cash registers and is used as proof of receipts made by the operator.

November 18, 2022

Dividend tax in Romania in 2023

Dividends are payments a company makes to share profits with its shareholders.

November 10, 2022

Taxes and declarations for an LLC in 2022

A commonly used legal form in Romania is the LLC. In short, it is a company that offers limited liability to its founders, up to the limit of the capital invested by them.

Guide to drawing up a business plan

What you need to know about part-time contracts

A 4-hour-a-day contract may be right for you if you have children and need a career with fewer hours, or if you are a college student or retired and looking for extra income.

October 4, 2022

Suspension of the company - a solution for temporary interruption of activity

Any company, regardless of the activity it carries out, may also face the situation where it has to suspend its activity for a certain period of time or cease it completely.

September 27, 2022

How do we calculate the income tax of a micro-enterprise?

Companies have to pay different types of taxes, which are calculated according to the scope of the business, such as the sale of products/services, the profit made, the number of employees and many other criteria.

September 2, 2022