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Useful information about accounting, taxation and business.
How to obtain qualified legal advice quickly
Managers of any company or organisation periodically need qualified legal assistance. Many businesses work with professional lawyers on a permanent basis, but such an arrangement …
Read more →MG ALLIANCE JOURNALAccurate tax calculation: challenging, but achievable
Why accurate tax calculation matters Tax calculation is more than completing a return. The outcome depends on the substance of a transaction, supporting documents, the applicable…
Read more →MG ALLIANCE JOURNALProper documentation as the foundation of successful accounting
Every business needs accounting, whether it is already well established in its field or only beginning its journey. A business owner can employ a full-time accountant, engage a pa…
Read more →MG ALLIANCE JOURNALShould you entrust your accounting to a newcomer or a professional?
In a single quarter, the accountant of a small company may make more than 200 accounting entries and process more than 90 business transactions. During the same period, salaries m…
Read more →MG ALLIANCE JOURNALTax optimisation
Tax optimisation in practice Responsible tax optimisation means lawful planning of a company’s activities and transactions. It does not mean concealing income, using artificial t…
Read more →MG ALLIANCE JOURNALWhat modern accounting looks like
Accounting is one of the most important and complex disciplines in modern society. No company in any economy can operate properly without an accountant. An inexperienced entrepre…
Read more →MG ALLIANCE JOURNALFinancial analysis of a company
A comprehensive financial analysis evaluates a company’s financial indicators and taxation system. It can reveal errors in accounting reports and weaknesses in the way taxes are c…
Read more →MG ALLIANCE JOURNALAudit and annual accounts
An audit and annual accounts are not the same Management prepares the annual accounts using the company’s accounting records and the structure required by law. A statutory audit …
Read more →MG ALLIANCE JOURNALTax consulting: expertise matters
Professional tax advice is in high demand because the legislation governing taxation changes regularly. New laws and regulations are introduced, and their application can be diff…
Read more →MG ALLIANCE JOURNALAccounting services
More companies are moving to outsourced accounting. It is convenient, cost-effective and efficient. The service can match or exceed the quality of an in-house accountant while kee…
Read more →MG ALLIANCE JOURNALTax audit
An internal tax review and a tax audit by the Latvian State Revenue Service An internal tax review and an official tax audit are different procedures. A company arranges an inter…
Read more →MG ALLIANCE JOURNALThe benefits of outsourced accounting
Cost is an important factor when deciding how to organise accounting. Comparing the full expense of an in-house accounting department with outsourcing reveals many costs that do n…
Read more →MG ALLIANCE JOURNALAccounting outsourcing
Remote accounting services are becoming increasingly common among small, medium-sized and even large businesses. Nevertheless, not every manager has a clear understanding of accou…
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